Tuesday 30 June 2015
 
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Opec

Opec exports fall below $1 trillion on oil prices slump

The value of Opec members' petroleum exports fell below $1 trillion in 2014 for the first time since 2010, according to its annual statistical report, illustrating the impact of last year's slump in oil prices on the producer group.

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Saudi crude exports slip to 7.8m bpd

Saudi Arabia's April crude exports fell by 161,000 barrels per day (bpd) as domestic refiners processed more crude, official data showed. Exports fell to 7.737 million bpd from 7.898m bpd in March when they hit their highest l

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Opec crude output hits three-year high in May

The crude oil production from the Organization of Petroleum Exporting Countries (Opec) increased to 31.11 million barrels per day (bpd) in May, up 180,000 bpd from the previous month, said a new report. This was the group's hi

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India using its oil thirst to drive solid bargains

India is trying to use its position as one of the world's biggest energy consumers to strike better bargains for its companies with oil exporting nations, in a marked change of approach under Prime Minister Narendra Modi. The

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India using its oil thirst to drive solid bargains

India is trying to use its position as one of the world's biggest energy consumers to strike better bargains for its companies with oil exporting nations, in a marked change of approach under Prime Minister Narendra Modi. The

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Opec says oil market oversupply to ease, but raises output again

Opec voiced confidence that excess supply in the oil market will ease as demand picks up and supply growth slows from producers outside the group, an indication its strategy of letting prices fall, reaffirmed at a meeting last week, is working

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Opec says oil market oversupply to ease, but raises output again

Opec voiced confidence that excess supply in the oil market will ease as demand picks up and supply growth slows from producers outside the group, an indication its strategy of letting prices fall, reaffirmed at a meeting last week, is working

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Opec oil price anchor could be easy to unmoor

To hear Opec ministers in Vienna last week, one would think the organisation's battle for market share is a complete success and oil prices are now firmly anchored where they are.   "The strategy is work

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Oil slips after Opec keeps output high, China slowdown

Oil prices slipped on Monday after China's fuel imports dropped sharply and as markets digested an Opec decision to keep its production target unchanged, a move analysts said would keep the market oversupplied for the rest of the year.

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Opec oil output to exceed unchanged production target: Goldman

Goldman Sachs said that though the Organization of the Petroleum Exporting Countries (Opec) decided in Vienna to maintain its production target of 30 million barrels per day, the group's output would continue to exceed this quota.

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