Wednesday 17 January 2018
 
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Opec cut

Dubai EFS jumps to highest since Opec cut

Exchange of Futures for Swaps (EFS) for May jumped to $2.50 a barrel on Thursday, the highest level since December 2008 when Opec producers began record supply curbs, traders said. This raised the issue of whether Asian refiners would redu

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IMF warns of recession after Opec output cut

The IMF has urged action to stave off a global recession as a record slash in oil output by Opec and a Wall Street baron's court appearance underlined the strains in the global economy. The call for industrialised nations to increase f

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