Wednesday 8 July 2015
 
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Opec

Oil price flux unlikely to hit long-term sector growth

The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector, a report said, noting that the current fluctuations may speed up some of the trends that were already unfolding. The new rep

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Oil price flux unlikely to hit long-term sector growth

The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector, a report said, noting that the current fluctuations may speed up some of the trends that were already unfolding. The new rep

More…

Oil prices stabilize after sliding on US stock build

Oil prices were broadly unchanged from their previous close in early trading on Thursday after tumbling 4 per cent a day earlier as US stockpiles rose for the first time in months on the back of high production. Following Wednesda

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Oil bull market seen as Brazil, Iraq cut output targets

Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the US shale industry

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Oil drops as Greece defaults, output soars

Oil prices fell on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund and as both US and Opec production hit new records. Greece, as expected, was not able to repay

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Opec oil output hits 3-year high on Iraq

Opec oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share. The boost fro

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Opec exports fall below $1 trillion on oil prices slump

The value of Opec members' petroleum exports fell below $1 trillion in 2014 for the first time since 2010, according to its annual statistical report, illustrating the impact of last year's slump in oil prices on the producer group.

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Saudi crude exports slip to 7.8m bpd

Saudi Arabia's April crude exports fell by 161,000 barrels per day (bpd) as domestic refiners processed more crude, official data showed. Exports fell to 7.737 million bpd from 7.898m bpd in March when they hit their highest l

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Opec crude output hits three-year high in May

The crude oil production from the Organization of Petroleum Exporting Countries (Opec) increased to 31.11 million barrels per day (bpd) in May, up 180,000 bpd from the previous month, said a new report. This was the group's hi

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India using its oil thirst to drive solid bargains

India is trying to use its position as one of the world's biggest energy consumers to strike better bargains for its companies with oil exporting nations, in a marked change of approach under Prime Minister Narendra Modi. The

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