Thursday 18 December 2014
 
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Crude

Saudi crude oil supply inches up in November

Crude oil supplies from Saudi Arabia inched up in November from a month earlier, an industry source said, signalling no change in the kingdom's supply, despite a global oil glut and a steep fall in prices. Saudi supplied 9.420

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Oil sinks below $63 to lowest in more than 5 years

Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, dragged down by persistent concerns over a global supply glut and a sluggish demand outlook. Brent is down roughly nine per cent this week, some

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Kuwait cuts January crude price to lowest since 2008

Kuwait set the official selling price (OSP) for its crude oil sales to Asian buyers for January at $3.95 a barrel below the average of Oman/Dubai quotes, a trader said.   The

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Iraq sets bigger discount for heavy Basra crude exports

Iraq will give a bigger discount for heavy crude that it exports from its southern ports in Basra next year, three sources with knowledge of the matter said.   The move is ai

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US crude crashes 5pc, nears $60 on Saudi inaction

Oil prices tumbled as much as 5 per cent on Wednesday, pushing US crude to five-year lows near $60 a barrel after data showed a spike in US inventories and Saudi Arabia's oil minister reiterated that he has no plans to cut output.

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Oil rebounds 1pc to $71 after sharp losses

Oil rose more than 1 per cent on Wednesday with Brent climbing above $71 a barrel, recovering slightly from losses in the prior session as a turbulent market struggled to find a price floor. The market has swung between sharp gain

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Oil in longest losing streak since 2008 crisis

US crude fell more than $2 to a five-year low in Asian trade on Monday, while Brent futures touched a fresh four-year low, extending a steep sell-off after Opec decided not to cut production last week, keeping markets well supplied.

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Oil hits new 4-year low post Opec as glut looms

Brent crude fell to a fresh four-year low under $72 a barrel on Friday after Opec decided not to cut output, a move investors said would leave oil markets heavily oversupplied. Saudi Arabia blocked calls from poorer members of the

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Oman crude OSP for Jan falls to lowest in 4 years

The official selling price (OSP) for Oman crude in January will drop by $8.72 to $78.24 a barrel, the lowest since November 2010, Reuters calculations based on data from the Dubai Mercantile Exchange (DME) showed on Friday. Saudi

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Opec leaves output unchanged; oil down $3

Gulf oil producers led by Saudi Arabia on Thursday won the case for keeping Opec output unchanged, overriding calls from poorer members of the exporters' group for action to halt a slide in crude prices. Benchmark Brent crude

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