Sunday 1 March 2015
 
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Supply

Brent approaches $61, set to end 7-month losing streak

Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices. A reduction in rig counts

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Dubai rents to soften as new supply enters market

The supply of 13,000 new homes this year is likely to soften the rents in Dubai's property market especially the apartments sector which has seen rents soar by up to 65 per cent over the last five years, said a report by leading real estate

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Bahraini experts to assess Australian meat supply chain

A team of government meat experts from Bahrain is set to leave for Australia to evaluate the subsidised meat supply chain. This was revealed by Works, Municipalities and Urban Planning Affairs Minister Essam Khalaf, who said that

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Opec oil output rises in January as key members stand firm: Survey

The Organization of the Petroleum Exporting Countries (Opec's) oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a Reuters survey showed, a sign key m

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Global oil prices recovery to take time, says IEA

Oil prices may have further to fall and a rebound could take some time, despite increasing signs that the downtrend will end, possibly in the second half of this year as North American supply growth slows, the West's energy watchdog said.

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Oil hits fresh lows; Brent below $53

Oil extended losses on Tuesday to touch fresh 5-1/2-year lows, following a 5 per cent plunge in the previous session as a slew of bearish factors added to supply woes. Worries about surplus oil supplies were fuelled by data showin

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Oil trades near $57 as supply glut prevails

Brent crude pared early gains to trade near $57 a barrel on Friday, as a glut of oil that has halved prices since June overshadowed investors repositioning at the start of the year for an eventual recovery. Brent has fallen to its

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Oil trades near $57 as supply glut prevails

Brent crude pared early gains to trade near $57 a barrel on Friday, as a glut of oil that has halved prices since June overshadowed investors repositioning at the start of the year for an eventual recovery. Brent has fallen to its

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Agility chief inducted into Supply Chain Asia Hall of Fame

A top executive of Agility Global Integrated Logistics has been inducted into the Supply Chain Asia Hall of Fame at a ceremony in Singapore recently. The Hall of Fame award is give out by Supply Chain Asia, a leading professional

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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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