Tuesday 1 September 2015
 
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oil price

Kuwait trade surplus sinks to 6-year low

Kuwait’s trade surplus fell to a six-year low of KD1.7 billion ($5.6 billion) in the first quarter of 2015, or an annualized 20 per cent of projected GDP in 2015 as oil export revenues continued to tumble, a report said. The

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Oil nations step up focus on renewables

As the oil price further deteriorates, major oil-producing countries are increasingly looking to the future and to sustainability, a report said. Recently, Bloomberg forecast that two-thirds of the $12.2 trillion global investment

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Oil prices fall 5pc on profit taking

Oil prices fell in Asia on Monday as traders took profits, snapping gains last week that saw the biggest two-day rally in six years. Brent crude futures for October delivery slipped nearly $1, or 2 per cent, putting the benchmark

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Saudi credit default swaps fall on oil price recovery

The cost of insuring against a Saudi Arabian sovereign debt default has dropped sharply in the past few days because of the rebound of global oil prices, market data showed on Sunday. Last Monday, five-year Saudi credit default sw

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Oil extends biggest rally in six years to top $50

World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years. O

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Oil rises more than 4.5pc as equities rally

Oil prices jumped more than 4.5 per cent on Thursday after a rally in equity markets and an unexpected fall in US crude inventories, but worries over the Chinese economy and a global oil glut kept the outlook uncertain. World stoc

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Oil climbs by over $1 on crude stock draw

Brent crude climbed by more than $1 a barrel on Thursday on an unexpected fall in US crude inventories and a rally in global equity markets, but a stronger dollar capped gains. Front-month Brent, the global oil benchmark, had gain

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Oil climbs by over $1 on crude stock draw

Brent crude climbed by more than $1 a barrel on Thursday on an unexpected fall in US crude inventories and a rally in global equity markets, but a stronger dollar capped gains. Front-month Brent, the global oil benchmark, had gain

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Dubai property slowdown 'due to tighter rules'

Dubai's tighter property rules aimed at preventing a housing bubble are the main cause of a slowdown in the emirate's real estate sector rather than a sustained drop in oil prices, industry experts said. Dubai has a low re

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Oil near 6-1/2 year lows as China fears linger

Crude oil futures held in a narrow band on Wednesday not far off 6-1/2 year lows after China's central bank moved to support the country's stumbling economy, while concerns about a supply glut capped gains. Asian stocks fe

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