Tuesday 30 August 2016
 
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Opec

Oil rises as dollar retreats from 2-week high

Oil futures edged up on Tuesday as the US dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. International Brent crude oil futures LCOc1 were trading at $

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Oil rises as dollar retreats from 2-week high

Oil futures edged up on Tuesday as the US dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. International Brent crude oil futures LCOc1 were trading at $

More…

Opec's market share at a good level: UAE

Opec's share of the oil market is at a good level, United Arab Emirates Energy Minister Suhail bin Mohammed Al-Mazroui said as the producer group continues to contend with low crude prices. "Regardless of the different vi

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Iraq set on expanding oil output to gain market share

Iraq is willing to play an active role within Opec to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said on Saturday. Jabar Ali al-Luaibi, on a v

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Venezuela, Iran seek accord for oil market stability

Venezuela and Iran continue to seek consensus on ways to stabilize oil markets and strengthen Opec, Venezuelan President Nicolas Maduro said on Saturday, following a meeting with Iranian Foreign Minister Mohammad Javad Zarif. &quo

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Iraq vows to play active role in propping up oil prices

Iraq is willing to play an active role within Opec to support oil prices, its Oil Minister Jabar Ali Al-Luaibi said on Saturday, without clarifying whether it was prepared to back a possible agreement to freeze output. "Iraq

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Iran sets terms for backing oil producers meet

Iran will help other oil producers stabilise the world market so long as fellow Opec members recognise its right to regain lost market share, the country' oil minister said on Friday ahead of next month's meeting of the oil exporters gro

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Oil falls as global glut concerns return

Crude prices edged lower on Thursday as brimming US and Asian fuel inventories returned investors' attention to a large global supply overhang, cutting short a price rally and restricting Brent crude futures to below the $50 a barrel mark.

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Oil falls as global glut concerns return

Crude prices edged lower on Thursday as brimming US and Asian fuel inventories returned investors' attention to a large global supply overhang, cutting short a price rally and restricting Brent crude futures to below the $50 a barrel mark.

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Iran, Ecuador discuss ways to bolster oil prices

Iran and Ecuador on Wednesday discussed ways that the two countries can strengthen oil prices as Iran signals it may support joint efforts by exporters to prop up flagging crude. Iran has been boosting output since Western sanctio

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