Sunday 7 February 2016
 
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Crude oil

Iran's crude oil sales to Europe hits new high

Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran's crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels, according to the ministry's news agency.

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Global stocks rebound, close week with strong gains

Global equities rebounded on Friday from an initial selloff to close the week with strong gains while US bond prices climbed after a weak employment report increased worry about slowing global growth. The economy created 142,000 j

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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

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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

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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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