Monday 2 February 2015
 
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oil price

Oil price slump: Firms to react with mergers

The intense pressure created by oil prices falling below $50 is challenging cash flows, to which companies are expected to respond with mergers and acquisitions and reshape the competitive landscape to their advantage, a report said.

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Oil surges 8pc as US rig count plunges

Oil prices roared back from six-year lows on Friday, rocketing more than 8 per cent as a record weekly decline in US oil drilling fuelled a frenzy of short-covering. In a rally that may spur speculation that a seven-month price co

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Oil near 6-year low as US stockpiles hit record high

Oil remained weak in Asia on Thursday after data showing record US stockpiles sent prices tumbling to the lowest level in nearly six years in the previous session and analysts said a global glut would continue to keep the market under pressure.

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Peak oil demand on ice

At more than $100 a barrel, peak global oil demand was scheduled for 2025, but it is now on ice if oil stays at $50 to $70 for over five years, a report said, warning that continued high prices may have led to zero global demand growth.

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Oil steadies after Opec says prices may have bottomed

Oil prices were little changed on Tuesday, with Brent holding above $48 following comments from a top Opec official that prices may have found a floor. Opec secretary-general Abdullah Al-Badri said oil prices may have bottomed out

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Oil prices fall on market relief over Saudi policy

Oil prices declined on Monday, with US crude falling close to a nearly six-year low, as Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter.

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Next oil price surge ‘already being set up’

Investment in oil sector is already being hit hard due to the recent price plunge . Unless production is added, surplus capacity will be quickly eroded, setting up the stage for the next oil price surge, says a top industry analyst.

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Gold at 5-month high on safe-haven demand

Gold climbed towards a five-month high on Monday as an electoral win by Greece's anti-austerity party sparked fears of renewed instability in Europe, triggering safe-haven demand for bullion. Greek leftist leader Alexis Tsipra

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Opec, oil companies clash at Davos over price collapse

The Organization of the Petroleum Exporting Countries (Opec) defended its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could le

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GCC to maintain solid growth despite oil price slide

GCC governments will be able to use huge financial reserves built up in past years to keep state spending high, ensuring solid economic growth at least through 2016, a report said. Also, strong consumer spending and private sector

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