Saturday 25 April 2015
 
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Oil

Opec oil giants pump record 2m bpd in Q1

The world's biggest oil exporters in Opec are pumping almost two million barrels per day (bpd) more crude than required, the highest surplus for at least a decade, data from Reuters, top forecasters and energy agencies shows.

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Oil prices edge back from 2015-highs on Yemen concerns

Oil prices have edged back from 2015-highs reached the session before, but remain on course for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. Crude prices have surged

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Oil jumps 3pc, hits 2015 high on Yemen

Oil prices jumped three per cent on Thursday to their highest levels of this year, after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies. Oil

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Libya's Hariga port reopens after guards end strike

Libya's eastern port of Hariga reopened after security guards ended a strike over salary payments, and a tanker has started lifting about 700,000 barrels of crude, an oil official said.   The guards had stage

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Iraq's oil output seen flat, 2016 a big challenge

Iraq's oil output in 2015 is likely to remain flat as Baghdad struggles to cope with a slump in crude prices that has slashed government revenue and forced the Opec producer to renegotiate its service contracts with oil majors.

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Iraq's oil output seen flat, 2016 a big challenge

Iraq's oil output in 2015 is likely to remain flat as Baghdad struggles to cope with a slump in crude prices that has slashed government revenue and forced the Opec producer to renegotiate its service contracts with oil majors.

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Libya's official government has no luck selling oil bypassing Tripoli

Libya's official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival government, oil sources said.

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Venezuelan delegation visits Iran, Saudi in Opec diplomatic push

Venezuela's oil minister led a delegation in meetings with Saudi Arabian officials, following talks in Iran, in an Opec diplomatic tour as its need for higher oil prices gains urgency.   Suffering from a slow

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Oil prices dip below $62 on US stock build

Oil prices dipped under $62 a barrel on Wednesday after industry group data showed a higher-than-expected build of 5.5 million barrels in U.S. inventories of crude oil. Brent for June delivery was down 31 cents at $61.77 a barrel

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Low oil cooling Abu Dhabi's resurgent property sector

Lower oil prices are likely to cause Abu Dhabi's residential property sector to stabilise in 2015 following a two-year price boom as sentiment weakens and government spending in some areas slows, said industry consultants. A s

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