Saturday 23 June 2018
 
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Crude

Oil down as Opec's bearish spin raises supply worries

The crude oil prices closed lower on Friday with futures falling 0.3 per cent in New York as traders weighed conflicting supply signals from Saudi Arabia, Russia and Venezuela, said a report.   Oil ministers from

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Adnoc loads first crude cargo for India oil reserve

The historic first cargo of crude oil from the Abu Dhabi National Oil Company (Adnoc), destined for the Indian Strategic Petroleum Reserves Ltd (ISPRL) has been loaded and is en-route to India, a media report said. The cargo is th

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Adnoc loads first crude cargo for India oil reserve

The historic first cargo of crude oil from the Abu Dhabi National Oil Company (Adnoc), destined for the Indian Strategic Petroleum Reserves Ltd (ISPRL) has been loaded and is en-route to India, a media report said. The cargo is th

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Saudi Arabia witnessing 'major economic transformation'

Saudi Arabia is witnessing a 'major economic transformation, said senior delegates at the 13th edition of Euromoney Saudi Arabia Conference which opened in capital Riyadh. More than 1,700 delegates and scores of influential speakers

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Kuwait oil price down 3 cents to $64.72

The price of Kuwaiti oil went down three cents to reach $64.72 per barrel on Friday after it was at $64.75 per barrel the day before, the Kuwait Petroleum Corporation said on Saturday. According to the

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Fujairah oil product stocks drop

The total oil product stocks in the Port of Fujairah stood at 15.962 million barrels as of Monday, slipping 4.5 percent on the week as stocks of middle distillates fell by more than a quarter, according to latest data from the Fujairah Energy

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Kuwaiti oil price down 28 cents

The price of Kuwaiti crude oil went down 28 cents and settled at $59.81 per barrel, compared to $60.09 per barrel since last Thursday, said Kuwait Petroleum Corporation, KPC, on Saturday. According to

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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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