Wednesday 29 July 2015
 
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Opec

Oil falls on glut fears, weaker dollar support

Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in US crude stocks and a weakening dollar. Asian investors focused on OPEC production figur

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Opec sees oil drop as short-term

A drop in oil prices this month is likely to be short-term and will not deflect Opec from its policy of keeping output high to defend market share, delegates from Gulf Opec members and other nations said. Falling Chinese stock mar

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Saudi crude exports hit five-month low in May

Saudi Arabia's crude oil exports fell to their lowest in five months in May despite near record production, as the Opec kingpin turns itself into a major refined-fuels power and as domestic consumption rises. Saudi Arabia, the

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Saudi crude exports fall below 7m bpd in May

Saudi Arabia's crude oil exports in May fell to 6.935 million barrels a day from 7.737 million barrels per day (bpd) in April, official data showed on Sunday. Monthly export figures are provided by Riyadh and other members of

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Russia to to discuss oil markets, Iran with Opec

Russia and Opec Secretary-General Abdullah Al-Badri will discuss oil markets and the Iran situation in Moscow on July 30 amid sliding oil prices, Russian Energy Minister Alexander Novak said. The prospect of an influx of Iranian c

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Oil rises after US stock draw, outlook still bearish

Oil prices rose on Thursday morning after data showed that US crude inventories dropped and refinery demand was high, although the outlook remains for cheap oil as oversupply persists. US crude inventories fell 4.3 million barrels

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Iran's oil return a game changer for Opec, but not for now

The Organization of Petroleum Exporting Countries (Opec) is likely to keep oil output steady and defend its market share this year after Tehran's nuclear deal with major powers, since a full return of Iranian crude to the market will not b

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Oil edges up as Iran exports likely to take time

Oil prices rose on Wednesday as traders expect a delay in Iranian crude supplies returning to the market after Tehran and six world powers reached a nuclear compromise, but analysts said prices would still remain low due to oversupply.

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Saudi oil output likely to stay high in summer

Saudi Arabian crude production is likely to remain at around recent output levels during the summer months on high domestic demand, a Gulf Opec delegate told Reuters on Tuesday. The world's top oil exporter said it pumped 10.5

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Saudi Arabia opens oil taps, ups June output

Saudi Arabia ramped up its crude production to a record high in June, reaffirming its strategy of defending market share and feeding a rise in global as well as domestic demand. The world's top oil exporter said it pumped 10.5

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