Friday 10 May 2024
 
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output cut

Opec output cut level key to markets: Barclays

A six- or nine-month extension of the Opec deal is likely to be agreed to on November 30, said British multinational bank Barclays, highlighting that the extension length is less important than the quota level. “Whether or n

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Opec agrees oil output cuts in first deal since 2008

Opec agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on Iran amid mounting pressure from low oil prices. "Opec made an exceptional de

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Oil falls on producer meeting doubts

Oil futures traded lower on Wednesday on concerns that a producer meeting set for Sunday in Doha to discuss freezing output will do little to trim oversupply as well as a strengthening dollar. Brent crude was down 41 cents at $44.

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Oil hits one-month low as hopes of supply curb fade

Oil prices hit one-month lows as prospects of top exporters agreeing to curb chronic oversupply faded, while other commodities also lost ground as the dollar steadied after Friday's strong US data. Shares rose in Europe and As

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Oil hits one-month low as hopes of supply curb fade

Oil prices hit one-month lows as prospects of top exporters agreeing to curb chronic oversupply faded, while other commodities also lost ground as the dollar steadied after Friday's strong US data. Shares rose in Europe and As

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Oil extends rally on Opec output cut hopes

Oil prices rose on Monday, extending a rally triggered last week by speculation that Opec might agree to cut production to reduce a supply glut that has pushed prices to the lowest in over a decade. Brent crude futures, the global

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Oil extends rally on Opec output cut hopes

Oil prices rose on Monday, extending a rally triggered last week by speculation that Opec might agree to cut production to reduce a supply glut that has pushed prices to the lowest in over a decade. Brent crude futures, the global

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Oil extends gains on dollar-slide, talk of output cut

Crude oil futures extended gains from the previous session on Thursday, as a weaker dollar and unconfirmed talk of producers potentially meeting to discuss output cuts lifted the market despite record US stocks. Despite this, anal

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Oil extends gains on dollar-slide, talk of output cut

Crude oil futures extended gains from the previous session on Thursday, as a weaker dollar and unconfirmed talk of producers potentially meeting to discuss output cuts lifted the market despite record US stocks. Despite this, anal

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Oil falls as prospect of crude output cut dims

Oil prices dropped early on Monday after China and South Korea posted surprisingly weak economic data and on worries the prospect of a coordinated production cut by leading crude exporters seemed remote. Front-month Brent crude wa

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