Tuesday 1 September 2015
 
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Oil Exports

Oil prices fall over 'imminent' Iran deal

Oil prices dipped early on Tuesday as the market awaited an announcement on a nuclear deal between Iran and six global powers that could see an easing of sanctions against Tehran and a gradual increase of its oil exports. Sources

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Saudi economy accelerates in first quarter

Saudi Arabia's economy accelerated in the first quarter of 2015, showing the world's top oil exporter can cope with low energy prices, but growth may slow as the government faces pressure to rein in spending. Gross domesti

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Ship docks at Libya's Ras Lanuf but oil terminal stays shut

A ship importing cement has docked at Libya's Ras Lanuf port but the oil export terminal will stay shut, a port official said.   State oil firm NOC declared force majeure, a contractual waiver for Ras Lanuf a

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Iran eyes oil exports back to pre-sanctions level

Iran hopes its crude oil exports will return to pre-sanctions levels within three months once a deal with major powers to lift an oil embargo is finalised, Iran's deputy oil minister said on Monday. "We hope we can come b

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Saudi GDP growth seen at 2.6pc in 2015

Saudi Arabia’s real gross domestic product  (GDP) is expected to grow by 2.6 per cent in 2015 before dropping to 1.5 per cent next year as the oil prices stay subdued, a report said. Meanwhile, 2017 could see a growth o

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Saudi GDP growth seen at 2.6pc in 2015

Saudi Arabia’s real gross domestic product  (GDP) is expected to grow by 2.6 per cent in 2015 before dropping to 1.5 per cent next year as the oil prices stay subdued, a report said. Meanwhile, 2017 could see a growth o

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Iraq's oil exports rise in December towards record

Iraq's oil exports are rising in December towards a record high, according to loading data and industry sources, as the Organization of the Petroleum Exporting Countries (Opec's) second-largest producer p

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Iraqi govt reaches deal with Kurds on oil, budget

Iraq's government reached a formal agreement on Tuesday with Kurdish regional authorities to end a protracted dispute over oil exports and budget payments to the semi-autonomous Kurdish region. Finance Minister Hoshiyar Zebari

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Iraq oil exports steady despite unrest

Iraq's current southern oil output and export levels, given by the country's oil minister yesterday, indicate that fighting and unrest has not derailed an expansion of supplies from Opec's second-largest producer. The

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Saudi August oil exports lowest in three years

Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years, official data showed on Monday, as the top oil exporter fights for market share amid weak demand and ample supplies from rival producers.

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