Thursday 29 September 2016
 
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Crude

Opec agrees oil output cuts in first deal since 2008

Opec agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on Iran amid mounting pressure from low oil prices. "Opec made an exceptional de

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Aramco CEO says studies several foreign exchanges for 2018 listing

Saudi Aramco continues to look at several overseas exchanges including New York, Hong Kong and London for a listing in 2018 of a part of the state-owned oil company, CEO Amin Nasser said.   "This thing will

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Oil rises 2pc after US inventory drop

Oil rose 2 percent on Thursday, heading for its largest weekly gain in a month, after a surprisingly large drop in US crude inventories emboldened investors ahead of next week's meeting between Opec members and Russia to discuss supply.

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Iran crude oil exports seen at 2.2 mbpd

Iran's crude oil exports are expected to rise to 2.2 million barrels per day (bpd) in September, a senior official at the National Iranian Oil Company (NIOC) said, as it moves towards regaining market share lost during sanctions.

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Oil edges down on global oversupply worries

Crude prices inched down on Monday in Asia, paring 3 per cent gains in the previous session amid worries over a global oil glut. London Brent crude for November delivery LCOc1 was down 18 cents at $46.65 a barrel by 2245 GMT (6.45

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Oil edges down on global oversupply worries

Crude prices inched down on Monday in Asia, paring 3 per cent gains in the previous session amid worries over a global oil glut. London Brent crude for November delivery LCOc1 was down 18 cents at $46.65 a barrel by 2245 GMT (6.45

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Oil falls as August price rally seen as overblown

Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August's more than 20-per cent crude rally looks overblown.

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Oil falls as August price rally seen as overblown

Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August's more than 20-per cent crude rally looks overblown.

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Brent crude slides, but on track for third week of gains

Brent crude oil fell on Friday after hitting an eight-week high, as weak fundamentals countered a lift in sentiment over talks next month on a possible output freeze, though futures remained on track to rise for a third consecutive week.

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Oil prices rise, on track for seventh day of gains

Brent crude oil prices rose above $51 a barrel on Friday to hit an eight-week high and were on track to rise for a seventh trading day, as hopes that producers could agree measures to support crude buoyed sentiment. International

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