Monday 25 May 2015
 
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EIA

Oil extends gains as Yemen bombing continues

Oil prices extended gains on Thursday as renewed fighting in Yemen brought focus back on potential supply disruptions in the Middle East. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement b

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US crude oil output to soar despite price rout

US crude oil production will peak at 10.6 million barrels per day in 2020, a million barrels more than the high forecast a year earlier, undeterred by the worst price rout since the financial crisis, a report said. The US governme

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Shale oil to dominate Opec-Russia June talks

Russia has said that it would meet Opec in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the US energy boom.

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Shale oil to dominate Opec-Russia June talks

Russia has said that it would meet Opec in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the US energy boom.

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EIA raises 2015 US oil production forecast

The US Energy Information Administration revised upward its 2015 domestic oil production outlook, but lowered its 2016 forecast because it expects the slump in global prices to weigh on the country's shale boom next year. Expe

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EIA raises 2015 US oil production forecast

The US Energy Information Administration revised upward its 2015 domestic oil production outlook, but lowered its 2016 forecast because it expects the slump in global prices to weigh on the country's shale boom next year. Expe

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Oil slips below $56 as oversupply fears linger

Oil slipped below $56 a barrel on Wednesday, pressured by expectations that oversupply in world markets would persist and an industry report saying US crude stocks rose from a record high. The American Petroleum Institute said on

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EIA to finance banknotes printing project

The Board of Directors of Emirates Investment Authority (EIA), the only sovereign wealth fund of the Federal Government of the UAE, agreed to provide the proposed amount to set up and operate the banknotes printing house. The meet

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Oil would hit $150 without US shale: EIA

Crude oil would cost at least $150 a barrel due to supply disruptions in the Middle East and North Africa were it not for rising production in North Dakota and Texas, US Energy Information Administration (EIA) chief Adam Sieminski said in an int

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US boosts 2015 oil forecast as shale powers push to 10 mbpd

The US government jacked up its forecast for oil production next year by 250,000 barrels per day (bpd) as the boom in shale oil drilling continues to confound expectations of slower growth.   The US Energy Inform

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