Wednesday 22 April 2015
 
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Oil Prices

Kuwait’s trade surplus down 18pc over cheap oil

Kuwait’s trade surplus slipped in 2014 for the first time in six years, falling by 18 per cent to KS19.8 billion ($65.5 billion), mainly due to lower oil export receipts, a report said. A decline in non-oil export earnings a

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Iran nuke deal prospects weighing on oil prices

Lifting sanctions on Iran's oil industry could significantly change the outlook for oil supply and prices, the head of the US Energy Information Administration told US legislators. "If and when sanctions are lifted, EIA&#

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Oil demand seen growing by up to 1 million bpd

The slide in oil prices is only temporary as global oil demand is expected to grow annually by up to 1 million barrels per day (bpd) while world consumption is likely to increase to 105 million bpd in 2025, a top official said. &q

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Oil falls as Goldman sees prices low for months

Oil prices fell in early Asian trading on Tuesday after investment banking firm Goldman Sachs said that prices needed to remain low in coming months to achieve a slowdown in US production growth. Brent May crude had dropped almost

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Arab billionaires' wealth hits $155bn

Despite plunging oil prices, the number of billionaires in the Arab world rose to 49 this year - four more than last year -- with a shared wealth of $155.1 billion, up $7.4 billion, according to Forbes Middle East. The world&rsquo

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Arab billionaires' wealth hits $155bn

Despite plunging oil prices, the number of billionaires in the Arab world rose to 49 this year - four more than last year -- with a shared wealth of $155.1 billion, up $7.4 billion, according to Forbes Middle East. The world&rsquo

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Oil prices retreat over Iran talks pressure

Oil prices fell on Thursday as attention returned to nuclear talks with Iran, with the prospects for a deal and an increase in Iranian crude exports helping to keep pressure on prices. Major powers and Iran have stretched talks on

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Oil prices surge after Saudi air strikes in Yemen

Brent crude oil prices shot up nearly 6 per cent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although Asian importers said they were not immediately worried about supply disruptions.

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V-shaped recovery in oil prices ‘unlikely’

A V-shaped recovery in oil prices is unlikely and Brent will average $52 per barrel in 2015 and $58 per barrel in 2016, a report said. In the past 15 years, the global economy was defined by rising commodity prices, zero interest

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Opec won't bear burden of propping up oil price: Al-Naimi

Opec will not take sole responsibility for propping up the oil price, Saudi Arabia's oil minister said on Sunday, signalling the world's top petroleum exporter is determined to ride out a market slump that has roughly halved prices since

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