Wednesday 26 November 2014
 
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Opec

Oil drops near $78 as Opec hopes curb losses

Oil prices dropped early on Wednesday as Asia's top economies showed signs of weakness, but hopes for output cuts by producer club Opec curbed losses Benchmark Brent crude oil futures were trading down 20 cents at $78.13 a bar

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Sechin to meet Opec as Saudis keep market guessing

Russia's most powerful oil official, Igor Sechin, was due in Vienna for talks with Opec members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices.  

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Opec – to cut or not to cut, that is the question

Will Opec go for a quick fix and worry about the future later or will it pass the challenge to US producers by allowing the price to remain low or go even lower? These are the questions that the market will be looking for answers to this Thursda

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Iran to push for Saudi oil output cut at Opec

Iran will try to persuade Saudi Arabia to cut oil production when the oil ministers from the two Organization of the Petroleum Exporting Countries (Opec) members meet in Vienna, Iran's semi-official Mehr news agency reported citin

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Oil price seen falling to $60 if Opec does not cut output

Oil prices could plunge to $60 a barrel if the Organisation of Petroleum Exporting Countires (Opec) does not agree a significant output cut when it meets in Vienna, market players say.   Brent crude futures have

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Opec panel reviews oil outlook in a start to talks on oversupply

A panel of national representatives reviewed Opec's oil market outlook for 2015, Opec sources said, preparing the ground for a policy-setting meeting Thursday that will decide how to address a looming oversupply of crude. &nbs

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Opec keeps oil markets guessing on output move

Oil analysts are putting down markers on the Organisation of the Petroleum Exporting Countries' (Opec) meeting on November 27, when members will consider whether to cut output to shore up prices. Opec members Iran and Venezuel

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Oil up first time in 8 weeks on China rate cut

Oil prices rose on Friday for their first weekly gain in two months with benchmark Brent crude returning to above $80 a barrel after a rally triggered by China's interest rate cut and speculation of an Opec output cut. Brent r

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Opec reviews oil outlook in start to talks on glut

A panel of national representatives reviewed Opec's oil market outlook for 2015 this week, Opec sources said, preparing the ground for a policy-setting meeting next week that will decide how to address a looming oversupply of crude.

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Oil rises to $81 on China rate cut, possible Opec move

Brent crude oil rose to near $81 a barrel on Friday after China cut interest rates and on speculation that Opec could agree next week to reduce oil production. China's central bank cut its benchmark interest rates for the firs

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