Wednesday 10 February 2016
 
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Opec

Oil nears $31 as Russia floats idea of supply cut

Oil rose towards $31 a barrel on Wednesday after four days of declines, supported by the prospect of Opec and rival producers cooperating to tackle a supply glut that has sent prices to a 12-year low. Iran's oil minister said

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IEA sees global oil glut worsening

The world will store unwanted oil for most of 2016 as declines in US output take time and Opec is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coo

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Stocks dumped for safe havens as bank fears flare

Asian share markets were scorched on Tuesday as stability concerns put a torch to European bank stocks and sent investors stampeding to only the safest of safe haven assets. As fear overwhelmed greed, yields on longer-term Japanes

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Oil prices jump, shrug off equity slump, glut concerns

Crude oil prices jumped as much as 2 per cent in early Asian trade on Tuesday, shrugging off big drops in Japan's stock market and eroding some of the previous session's losses that were driven by festering concerns about global oversupp

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Oil slips after Saudi, Venezuela meeting yields little

Crude oil futures were mixed in early Asian trade on Monday after a meeting between Opec producers Saudi Arabia and Venezuela to discuss coordination on prices ended with few signs there would be steps taken to boost prices. Brent

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Saudi, Venezuela discuss oil cooperation

Saudi Arabia's oil minister Ali Al-Naimi discussed cooperation between Opec members and other oil producers to stabilise the global oil market with his Venezuelan counterpart, state news agency SPA reported. Venezula's Oil

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Oil falls ahead of key producer meeting

Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volati

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Saudi faces oil pricing dilemma as Iran raises output

Top oil exporter Saudi Arabia faces a dilemma when setting its monthly export prices this week, as rival producer Iran ramps up crude shipments into an already oversupplied market.   Export prices set by state oi

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Russia open to oil talks; oil rises

Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with Opec over output cuts helped revive hope among investors that the world's largest producers could act to boost prices.

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Russia open to oil talks; oil rises

Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with Opec over output cuts helped revive hope among investors that the world's largest producers could act to boost prices.

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