Saturday 13 February 2016
 
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Crude

Venezuela suggests oil output 'freeze' by all producers

Some Opec countries are trying to achieve a consensus among the group and key non-members for an oil production "freeze", sources familiar with the discussions say, in an attempt to tackle the global glut without cutting supply.

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Saudi to keep March crude supply to Asia steady

Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least two Asian term buyers in March, unchanged from February, industry sources familiar with the matter said on Wednesday. &

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Qatar cuts January crude OSP to lowest in at least 12 years

Qatar has cut its January retroactive official selling price (OSP) for crude sales to Asia to the lowest in at least twelve years, in line with a fall in global prices.   The producer set the January OSP for Mari

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Oil drops for third session on oversupply

Oil futures extended losses into a third session in Asian trade on Wednesday, as US crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March. Milder weather forecast for the l

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Oil falls 4pc on China data

Oil fell 4 percent on Monday as weak economic data from China, the world's largest energy consumer, weighed on prices and an Opec source played down talk of an emergency meeting to stem the decline. China's manufacturing s

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Iran crude exports hit 2-year high, up more than 20pc

Iran's oil exports are set to rise more than a fifth in January and February from last year's daily average, data from a source with knowledge of its loading schedules shows, revealing how Tehran is ramping up sales after the lifting o

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Oil rises towards $34 on chance of production cut

Oil rose towards $34 per barrel on Thursday, hitting a three-week high and bouncing well off a 12-year low set this month, supported by the possibility that major producers may cooperate to cut production. Russian Energy Minister

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Kuwait sees tough 2016; oil at $40-60 till 2020

Kuwait's Opec governor said on Tuesday that this year would be tough, with oil prices seen recovering only after 2016 but remaining between $40 and $60 a barrel until 2020. "The expectation (is) that 2016 will not be an e

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Kuwait 'will continue energy investments'

Crude oil prices, which have more than halved since last year, could remain low for a longer time, but that will not deter Gulf Opec member Kuwait from investing in its energy projects, the head of state-run Kuwait Petroleum Corporation said on

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Kuwait 'will continue energy investments'

Crude oil prices, which have more than halved since last year, could remain low for a longer time, but that will not deter Gulf Opec member Kuwait from investing in its energy projects, the head of state-run Kuwait Petroleum Corporation said on

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