Sunday 5 July 2015
 
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Crude oil

Iran, China, Indonesia in deal to build new refinery

Iran, China and Indonesia have launched a joint venture (JV) to build a refinery on East Java island to process 150,000 barrels per day (bpd) of heavy crude oil, a report said. According to the agreement reached between the three

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Iran, China, Indonesia in deal to build new refinery

Iran, China and Indonesia have launched a joint venture (JV) to build a refinery on East Java island to process 150,000 barrels per day (bpd) of heavy crude oil, a report said. According to the agreement reached between the three

More…

Iran, China, Indonesia in deal to build new refinery

Iran, China and Indonesia have launched a joint venture (JV) to build a refinery on East Java island to process 150,000 barrels per day (bpd) of heavy crude oil, a report said. According to the agreement reached between the three

More…

Oil up sharply; posts first monthly gain since June

Crude oil rose sharply on Friday as Brent and US futures posted their first monthly gains since June, supported by an improving demand outlook and supply outages. On its way to contract expiration, March New York ultra-low sulfur

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Iraq's oil export deal with Kurdistan in trouble

A deal aimed at resolving a dispute between Baghdad and Kurdish regional authorities over crude oil exports looked fragile with the semi-autonomous region's Prime Minister threatening to withhold exports. Both sides reaffirmed their

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Oil steady below $79 as divisions in Opec grow

Brent crude held steady below $79 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in September despite signs of an oversupplied market and divisions between Opec members seemed to grow ahead of a meeting next week.

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Oil slips to $79 as Japan enters recession

Brent crude fell to $79 a barrel on Monday following news Japan, the world's fourth-biggest crude importer, had slipped into recession and after comments from the West's energy watchdog that a return to high oil prices was unlikely soon.

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Kuwait extends tenders for refinery expansion

Kuwait's plans to boost refining capacity by over 50 per cent are still on track, a senior oil official said, despite having to extend tenders to build a 615,000-barrel-per-day refinery that has faced delays and political opposition in the p

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Brent stays below $101 after weak US jobs data

Brent crude continued to fall on Monday and stayed below $101 a barrel after disappointing US jobs data outweighed buoyant Chinese export and oil import figures. Brent and U.S. crude futures both fell more than $1 on Friday after

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Brent slips towards $102 on US fuel stock-build

Brent crude slipped towards $102 a barrel on Thursday, reversing some of the sharp overnight gains, as US industry data showed fuel stocks rose last week in the world's biggest oil consumer, raising fresh doubts on the strength of demand.

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