Friday 4 September 2015
 
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Crude

S Korea may hike Iran oil imports once sanctions lifted

South Korea will consider increasing its imports of Iranian crude oil and condensate when sanctions on Tehran are lifted, a senior government official said.   Woo Tae-hee, deputy minister for trade, who was part

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Oil marks fresh 6-1/2-year lows on China, oversupply

Brent and US crude oil futures hit fresh 6-1/2-year lows on Monday to drop below the latest supports of $45 a barrel and $40 a barrel each as investors fretted that a slowing Chinese economy will lead to weaker demand amid a global supply surplu

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Dubai crude trade volume in Asia hits record high in August

The number of cargoes traded during a pricing process for Middle East crude exports to Asia hit an all-time high in August after Chinaoil bought another four cargoes on Friday, traders said.   Aggressive trading,

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Oil prices dip further after US stock-build

Oil markets opened up weak on Thursday following sharp falls the previous session, with US contracts hovering slightly above $40 per barrel, levels not seen since the credit crunch of 2009, and globally traded Brent tested support at $47.

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Oil prices dip further after US stock-build

Oil markets opened up weak on Thursday following sharp falls the previous session, with US contracts hovering slightly above $40 per barrel, levels not seen since the credit crunch of 2009, and globally traded Brent tested support at $47.

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Oil falls as lower demand US season looms

Oil prices fell on Tuesday after eking out gains in the previous session, with the United States set to enter the lower demand autumn season and Asia's leading economies continuing to show signs of slowing down. Oil prices edg

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Oman oil output tops record 1m bpd in July

Oman's crude oil and condensate production rose to more than 1 million barrels per day (bpd) in July for the first time in its history, the oil and gas ministry said in its monthly report. The sultanate has been ramping up oil

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Climbing US dollar sees oil prices slip further

Crude prices slid on Thursday as early optimism gave way under the weight of a climbing US dollar and a persistent global overhang of physical oil. The greenback rose on Thursday afternoon after the release of strong US economic data, m

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Iraq Basra crude exports to be near record

Opec's second-largest producer, Iraq, plans to export near-record volumes of Basra crude in September, up 20 per cent from August, as it ramps up heavy oil production, trade sources said.   "There were a

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Exxon sells Upper Zakum crude at highest premium

ExxonMobil has sold a cargo of Abu Dhabi's Upper Zakum crude for October loading at the highest premium in 10 months, traders said.   Strong demand for the crude, one of three grades that can be delivered dur

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