Thursday 26 May 2016
 
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Opec focusing on market share, not oil price support

The Organisation of the Petroleum Exporting Countries (Opec) is focusing on market share rather than on supporting oil prices, Iraq's Opec governor said on Tuesday in comments that will dampen expectations that Opec might agree steps to su

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Oil prices rise on outages, Goldman forecast

Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.

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Oil falls on rising Opec crude production

Oil prices dipped in early Asian trade on Monday as rising production in the Middle East outweighed falling US output and the recent slide in the dollar, which has been supporting crude. Brent futures LCOc1 were trading at $47.05

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Change in fuel prices planned in Bahrain

Bahrain is considering further fuel price adjustments just three months after raising the price of petrol, said a report in the Gulf Daily News (GDN), our sister publication.   To read further, please vi

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Oil price dips as banks caution on impact of producers' meeting

Oil prices slipped on Monday after banks dampened hopes that the result of next Sunday's meeting of producers in Qatar aimed at freezing current output levels would improve the current supply-demand balance.  

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Gulf's bond market improves as panic over oil fades

Two issues in the Gulf's international bond market this week showed a panic over low oil prices has faded and foreign investors are once again willing to buy into the region's debt - but they remained extremely sensitive to pricing.

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Oil prices edge higher, but growing stocks loom

Oil futures rebounded from early losses but the recovery was muted as the market's focus switched back to signs of growing oil stocks.   Brent and WTI crude were on track for their strongest March since 2002,

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Low oil prices 'an impetus for change, reforms in GCC'

Low oil prices could be an impetus for change and reforms across the hydrocarbon-based economies of the GCC region, according to experts from Indosuez Wealth Management.   Speaking at a media roundtable, Dr Marie

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Low oil prices 'an impetus for change, reforms in GCC'

Low oil prices could be an impetus for change and reforms across the hydrocarbon-based economies of the GCC region, according to experts from Indosuez Wealth Management.   Speaking at a media roundtable, Dr Marie

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Oil prices fall as clouds gather over supply picture

Oil prices fell for a second day on Tuesday, as concerns took hold that a six-week rally may have run its course after the Organization of the Petroleum Exporting Countries (Opec) doused hopes for a speedy erosion of an overhang of unwanted cr

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