Friday 30 January 2015
 
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Supply

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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Sukuk demand-supply pipeline 'set to grow'

The potential demand and supply pipeline of sukuk is expected to grow, a new survey has found. Despite this increase, demand is still expected to outstrip supply substantially until next year, when it is predicted that supply will

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Brent edges above $78, still near 4-year low

Brent crude edged above $78 a barrel on Friday but remained close to a four-year low because of concern over excess supply and uncertainty over whether oil cartel Opec would cut production at a meeting in two weeks. Saudi Arabian

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Brent falls below $90 to near 4-year low

Brent crude futures fell below $90 a barrel on Friday, close to a four-year low, as rising supply and more grim economic news stretched a months-long slump in oil prices. US crude also slumped nearly $2 to hit its lowest since 201

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Brent falls from $93 on oversupply concerns

Brent crude futures slipped further away from $93 a barrel on Tuesday and partially erased the previous session's gains, with concerns about abundant supply outweighing the positive boost to prices from the US dollar's recent weakness.

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