Friday 27 May 2016
 
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Oil near 6-month high as IEA sees tighter supply

Oil prices rose toward six-month highs on Thursday, supported by data from the International Energy Agency (IEA) showing tightening supply in addition to a surprise drop in US crude inventories. Brent crude futures LCOc1 were trad

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Oil near 6-month high as IEA sees tighter supply

Oil prices rose toward six-month highs on Thursday, supported by data from the International Energy Agency (IEA) showing tightening supply in addition to a surprise drop in US crude inventories. Brent crude futures LCOc1 were trad

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Oil price bottoming depends on global growth: IEA

International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern. Oil prices hit 2016 highs on Friday with Brent crud

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Oil market, prices to return to balance by 2017: IEA

International Energy Agency (IEA) chief Fatih Birol said he expects the oil market to come back into balance from oversupply by next year, providing there is no major economic downturn.   Birol said low oil price

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IEA sees biggest non-Opec output fall in 25 years

Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-Opec production in a generation, helping to rebalance a market dogged by oversupply. IEA chief Fatih Birol sai

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IEA sees biggest non-Opec output fall in 25 years

Crude prices firmed on Thursday after the International Energy Agency (IEA) said 2016 would see the biggest fall in non-Opec production in a generation, helping to rebalance a market dogged by oversupply. IEA chief Fatih Birol sai

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Oil edges up on dollar retreat after mixed IEA report

Oil rose slightly on Thursday after the International Energy Agency (IEA) trimmed its forecast for demand growth but said a fall in oil output in the United States was speeding up.   Oil rose after data showed co

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Opec, Russia oil output freeze deal may be 'meaningless': IEA

A deal among some Opec producers and Russia to freeze production is perhaps "meaningless" as Saudi Arabia is the only country with the ability to increase output, a senior executive from the International Energy Agency (IEA) said.

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Oil ‘must rise above $50 to lure investment’

Oil must rise above $50 a barrel if the energy sector is to attract the investment needed to build enough capacity to meet future demand, US consulting firm Oliver Wyman said in an annual energy outlook. "Oil does not work at

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Oil rises 2pc as IEA sees tighter supply

Oil rose up to two per cent on Friday, with US crude gaining for a fourth straight week, after the world's energy watchdog said the market may have hit bottom, although Goldman Sachs said the 50 per cent rally in under two months was "p

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