Tuesday 24 May 2016
 
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Crude

Oil rises on US crude drawdown hopes

Oil prices rose on Tuesday as investors anticipated a weekly drawdown in US crude inventories that they hoped would boost prices closer to $50 a barrel, while a rally on Wall Street also lent support. "We're gearing up on

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Oil falls for fifth day as output rises

Oil fell for a fifth consecutive day on Tuesday on rising production from major exporters, and as the dollar strengthened. Brent futures had declined 45 cents to $47.90 a barrel by 0845 GMT, after closing down 37 cents in the prev

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Libya's crude output rises to 300,000 bpd

Libya's crude production has risen above 300,000 barrels per day (bpd) after the reopening of the Marsa al Hariga export terminal in the east of the country late last week, a spokesman for the Tripoli-based National Oil Corporation (NOC) s

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Oil drops below $48 on stronger dollar

Oil fell below $48 a barrel on Thursday, pressured by a stronger dollar and as a surprise increase in US crude inventories served as a reminder that supply remains ample despite output problems. Supply losses in Canada and Nigeria

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Iran's oil exports surge 60pc from a year ago

Iran's oil exports are set to surge in May, climbing nearly 60 percent from a year ago, with European shipments recovering to about half of pre-sanction levels, according to a source with knowledge of the country's crude lifting plans.

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Oil holds near six-month highs over supply concerns

Crude oil futures held near six-month highs in early Asian trading on Tuesday as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices. Crude futures

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Oil holds near six-month highs over supply concerns

Crude oil futures held near six-month highs in early Asian trading on Tuesday as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices. Crude futures

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Aramco to sign chemicals project with Sabic

National oil giant Saudi Aramco expects soon to sign a memorandum of understanding with Saudi Basic Industries Corp (Sabic) for a joint oil-to-chemicals project, chief executive Amin Nasser said on Tuesday. Sabic has previously sa

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Aramco to sign chemicals project with Sabic

National oil giant Saudi Aramco expects soon to sign a memorandum of understanding with Saudi Basic Industries Corp (Sabic) for a joint oil-to-chemicals project, chief executive Amin Nasser said on Tuesday. Sabic has previously sa

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Saudi 'will maintain stable petroleum policies'

Saudi Arabia's new energy minister said on Sunday the world's largest crude exporter was committed to meeting demand for hydrocarbons from its customers and would maintain its petroleum policies. "Saudi Arabia will ma

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