Wednesday 24 August 2016
 
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Opec

Oil falls on US stocks build, China demand fears

Oil prices fell early on Wednesday as an unexpected build in US crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry. Interna

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Oil falls on US stocks build, China demand fears

Oil prices fell early on Wednesday as an unexpected build in US crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry. Interna

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Iraq not open to capping oil output: Prime Minister

Iraq's prime minister said the country has not yet reached its full oil market share, suggesting his government would not restrain crude output as part of any possible Opec agreement to lift prices. "And the capping, we a

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Iran signals willingness for Opec action

Iran is sending positive signals that it may support joint action to prop up the oil market, sources in Opec and the oil industry said, potentially aiding efforts to revive a global deal on freezing production levels at talks next month.

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Oil slips below $49 as producer action hopes recede

Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally, as signs of rising supply outweighed hopes that producing nations will agree steps to support prices. A Nigerian militant group, which has claime

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Oil slips below $49 as producer action hopes recede

Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally, as signs of rising supply outweighed hopes that producing nations will agree steps to support prices. A Nigerian militant group, which has claime

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Oil falls as Sachs warns on oversupply

Oil prices fell early on Tuesday as analysts including Goldman Sachs warned that August's price rally had been overdone, and that a proposed oil production freeze at current near record levels would not help rein in an oversupplied market.

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Oil falls as Sachs warns on oversupply

Oil prices fell early on Tuesday as analysts including Goldman Sachs warned that August's price rally had been overdone, and that a proposed oil production freeze at current near record levels would not help rein in an oversupplied market.

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Nigeria oil minister says Opec cuts unlikely

Nigerian oil minister Emmanuel Ibe Kachikwu said that while a cut in the Organization of the Petroleum Exporting Countries (Opec) production is unlikely, there is hope a meeting of producers in Algeria next month could help shore up crude pric

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Oil dips on prospect of record Saudi output

Oil prices dipped in early trading on Thursday as the prospect of record Saudi output weighed on markets and as traders cashed in on profits following an almost uninterrupted price rally this month of nearly 20 percent. Internatio

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