Friday 23 February 2018
 
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Crude

Oil recovers earlier losses; trades above $70

Oil prices reversed earlier decline on Friday as the ongoing weakness in the US dollar.   Brent crude futures were at $70.28 per barrel at 0825 GMT, after dropping as low as $70.07 earlier in the day.

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Brent falls after hitting $70 for first time in 3 years

Brent crude oil prices on Friday fell from the high of $70 per barrel reached on Thursday for the first time since December 2014.   Brent crude futures were at $69.11 a barrel, down 15 cents, or 0.2 percent, from

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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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Mideast ‘fastest-growing region for crude steel'

Middle East retook the title of world’s fastest-growing region for crude steel production recording an increase of 29.03 million tonnes, according to World Steel data. A report by World Trade Organisation indicated that the

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UAE crude exports to Japan hit 21.642m barrels in July

Japan imported 21.642 million barrels of crude oil from the UAE in July 2017, statistics released by the Agency of Energy and Natural Resources in Tokyo, revealed. This accounts for 20.8 percent of Japan's total crude imports

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DNO receives $39.59m from Kurdistan

DNO ASA, the Norwegian oil and gas operator, has reported receipt of $39.59 million from the Kurdistan Regional Government as payment towards May 2017 crude oil deliveries to the export market from the Tawke license in Kurdistan.

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Crude oil prices extend bounce off 10-month lows

Oil prices were higher in European trade on Tuesday, extending their recovery from last week's 10-month lows, but futures stayed volatile in the face of fresh supply worries amid indications that US shale production will continue to rise, sa

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Oil demand will continue to grow: Aramco CEO

Oil demand will continue to grow in absolute terms at fairly healthy levels for the foreseeable future driven by the growing global economy and the increase in population, said Amin Nasser, president and CEO, Saudi Aramco. "T

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Oil prices move towards $56

Brent crude oil price rose towards $56 a barrel today (April 10), supported by the tension over Syria following the US missile strike and another shutdown at Libya's largest oilfield. Brent crude rose 68 cents to $55.92, not f

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Oil hits 18-month high at $58.37

Oil prices hit 18-month highs on the first full trading day of the new year as reports suggested Opec member states have begun to reduce production. Brent crude rose more than 2 percent to $58.37, up $1.55 a barrel and its highest

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