Tuesday 27 September 2016
 
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Opec

UAE backs output freeze to support oil markets

The United Arab Emirates said on Monday it would back a global freeze in oil output to bolster prices, while some Opec delegates predicted a meeting of producing countries in Algeria this week could still yield a deal to restrain supply.

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Oil rises amid volatility as Opec meets

Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the market, with nervous trade driving volatility to its highest since exporters met in April. Scepticism about any deal bei

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Oil rebounds after Algeria says all options open

Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of Opec producers. That came after prices

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Ecuador warns Opec of risks if no deal in Algeria

Ecuadorean President Rafael Correa said on Saturday he hopes Opec countries will reach an agreement to stabilize the oil market at the upcoming meeting in Algeria, warning of "serious risks" for the group if they do reach a deal.

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Ecuador warns Opec of risks if no deal in Algeria

Ecuadorean President Rafael Correa said on Saturday he hopes Opec countries will reach an agreement to stabilize the oil market at the upcoming meeting in Algeria, warning of "serious risks" for the group if they do reach a deal.

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Opec in new push to clinch key output freeze deal

As far as Opec decision-making is concerned, Algeria, which plays host to oil ministers next week, has always been the land of surprises. The last two meetings of the Organization of the Petroleum Exporting Countries (Opec) held i

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Saudis 'ready for Opec deal if Iran freezes output'

Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions told Reuters. The offer

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Oil up on US stock draw, Japan imports

Oil prices climbed on Wednesday, supported by a reported draw in US crude inventories and by firm import data from Japan. US West Texas Intermediate (WTI) crude futures were up 1.79 percent, or 79 cents, at $44.84 a barrel at 0027

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Oil up on US stock draw, Japan imports

Oil prices climbed on Wednesday, supported by a reported draw in US crude inventories and by firm import data from Japan. US West Texas Intermediate (WTI) crude futures were up 1.79 percent, or 79 cents, at $44.84 a barrel at 0027

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Oil output freeze deal may last one year: Opec chief

A possible deal to support oil prices by the world's leading producer countries may last for one year, the secretary-general of Opec said on Tuesday, longer than other officials have indicated. Opec and non-member producers in

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