Wednesday 2 September 2015
 
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Opec

Oil price seen at $55 next year

With oil stock balances next year looking softer and costs coming down, the commodity will trade at $55 and $61 per barrel during 2016 and 2017, respectively, said the Bank of America (BofA) Merrill Lynch in a report. “Looki

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Opec magazine op-ed 'fuelled oil rally'

An Opec (Organization of the Petroleum Exporting Countries) publication written by the exporter group's public relations team helped oil prices jump and prompted speculation over a possible shift in output policy - to the bafflement of some

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Oil prices forecast to recover in 2016

Oil prices have fallen too far, too fast and should recover gradually over the next year as supply growth slows and demand recovers, a Reuters poll showed on Tuesday. Benchmark North Sea Brent crude is likely to average $62.30 a b

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Oil prices forecast to recover in 2016

Oil prices have fallen too far, too fast and should recover gradually over the next year as supply growth slows and demand recovers, a Reuters poll showed on Tuesday. Benchmark North Sea Brent crude is likely to average $62.30 a b

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Algeria eyes 13pc rise in natgas output by 2019

Algeria plans to increase natural gas output by 13 percent by 2019, the energy ministry said, to reverse a decline in energy production in recent years that has hit its export earnings and spending policy. Investment to increase i

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Arab Opec producers brace for oil-price weakness

A second oil price rout of 2015 has forced Arab Opec members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals' output.  

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Iran says some in Opec do not want high oil price

Iran's Oil Minister Bijan Zanganeh blamed the latest drop in oil prices on some members of Opec and questioned whether any Opec emergency meeting would reach an agreement, the oil ministry's news agency Shana reported. &nb

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Oil climbs by over $1 on crude stock draw

Brent crude climbed by more than $1 a barrel on Thursday on an unexpected fall in US crude inventories and a rally in global equity markets, but a stronger dollar capped gains. Front-month Brent, the global oil benchmark, had gain

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Oil climbs by over $1 on crude stock draw

Brent crude climbed by more than $1 a barrel on Thursday on an unexpected fall in US crude inventories and a rally in global equity markets, but a stronger dollar capped gains. Front-month Brent, the global oil benchmark, had gain

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Without Saudi support, talk of Opec emergency meeting is just noise

Once upon a time, talk of an emergency Opec meeting would have rippled through oil markets, likely triggering at least a brief rally in prices.   The last extraordinary meeting to discuss a price slump, in 2008,

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