Sunday 21 January 2018
 
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Opec

Opec may end cuts early as prices hit new high, say experts

As oil trades near a three-year high and crude stockpiles fall rapidly, analysts are questioning whether the Organization of Petroleum Exporting Countries (Opec)-led production cuts will last until the end of the year.   

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Brent could average at $64 in 2018: report

The expected drop in OECD inventories suggests that oil prices will likely be higher in 2018 than originally seen and Brent crude oil price is projected to reach $64 per barrel (/bbl) this year, said the Bank of America Merrill Lynch (BofAML) in

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Brent could average at $64 in 2018: report

The expected drop in OECD inventories suggests that oil prices will likely be higher in 2018 than originally seen and Brent crude oil price is projected to reach $64 per barrel (/bbl) this year, said the Bank of America Merrill Lynch (BofAML) in

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Oil revival sets stage for Opec-shale clash in 2018

Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between Opec (Organization of Petroleum Exporting Countries) and

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Oil markets will balance in 2018: Iraqi minister

With global crude stockpiles falling and demand on the rise in China and India, oil prices will rise in 2018, Iraq’s Oil Minister Jabbar Al-Luaibi was quoted as saying in a media report. "I am very optimistic that in th

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Saudi Arabia’s 2018 budget walks a fine line: BofAML

Saudi Arabia’s 2018 budget is, on balance, expansionary as the pace of austerity eases further thanks to higher oil prices and more gradual fiscal reforms, said the Bank of America Merrill Lynch (BofAML) in its analysis. &nb

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Opec-non Opec deal 'much more than short-term fix'

The landmark ‘Declaration of Cooperation’ reached last year by the 14 member countries of Organisation of the Petroleum Exporting Countries (Opec) with the 10 non-Opec states underlined the shared resolve they all had in achieving an

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Robust global demand for oil in 2018: Report

Next year likely will see global oil demand expand again by 1.5 million barrels per day and US supply rise by 870,000 barrels per day – although Opec likely will at best maintain the cuts implemented in 2017, resulting in a balanced market

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Robust global demand/tight supply for oil in 2018: Report

Next year likely will see global oil demand expand again by 1.5 million barrels per day and US supply rise by 870,000 barrels per day – although Opec likely will at best maintain the cuts implemented in 2017, resulting in a balanced market

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GCC economy to grow 2.5pc in 2018: Moody’s

The GCC region’s economy will grow near 2.5 per cent in 2018, according to new forecasts from Moody’s Analytics, a leading provider of economic forecasts and data. Stable energy prices will underpin this growth, with t

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