Sunday 7 February 2016
 
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Oil Exports

Insurance snags holding up Iran oil exports to Europe

Efforts by Iran to start exporting oil to Europe are being held up as foreign tanker owners are still struggling to secure insurance for cargoes, leading shipping players said. A nuclear deal between world powers and Iran earlier

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Iran boosts oil trade via UAE despite sanctions

Iran has boosted exports of fuel oil through the United Arab Emirates and also almost doubled its imports of gasoline, despite Western sanctions, trading sources said. The US State Department recently cabled a message to embassies

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Oil exports restart from northern Iraq to Turkey

Oil exports from northern Iraq to Turkey have restarted after the pipeline was sabotaged earlier this week, the Kurdistan region's ministry of natural resources said on Saturday. The flow of crude resumed on Friday following a

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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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