Wednesday 10 February 2016
 
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Opec points to larger 2016 oil supply surplus

Opec pumped more oil in November than in any month since late 2008 and forecast little increase in demand for its crude next year, pointing to a larger supply surplus even as low prices hurt rival producers.   Th

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India to bring in rules to make mills export sugar stocks

India is likely to bring in rules to make it compulsory for sugar mills to export millions of tonnes of surplus supplies to support local prices, sources said, in a move that could quell growing anger among farmers but add to a glut on global ma

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Oman swings to $1.4bn Q1 budget deficit

Oman posted a budget deficit of OR544.6 million ($1.41 billion) in the first three months of this year, swinging from a OR215.4 million surplus a year earlier, provisional finance ministry data showed on Tuesday.     

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Opec oil giants pump record 2m bpd in Q1

The world's biggest oil exporters in Opec are pumping almost two million barrels per day (bpd) more crude than required, the highest surplus for at least a decade, data from Reuters, top forecasters and energy agencies shows.

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Oil price fall cuts Kuwait budget surplus by 26pc

Kuwait's government budget surplus shrank 26 per cent in the first nine months of this fiscal year as lower oil prices cut revenue sharply, analysts at National Bank of Kuwait (NBK) calculated, using Ministry of Finance data.

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Qatar's trade surplus stands at $25bn, down 7pc

Qatar's trade surplus for third quarter of last year stood at QR91.8 billion ($25.2 billion), down by nearly seven per cent compared to QR98.7 billion during the same period the previous year, according to a report. A Quarterl

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Qatar international reserves hit $43.5bn

Qatar’s international reserves rose $43.5 billion in August driven by a strong current account surplus, an increase of $7.2 billion as compared to the same period last year, according to a report. The latest QNB Monthly Moni

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Oman budget surplus hits $1.5bn in Jan-May

Oman's government budget surplus reached 582.9 million rials ($1.5 billion) in January-May compared with a deficit of 110.4 million rials a year ago, provisional government data showed.      Analysts polled by Re

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Kuwait C/A surplus eases to $70bn

Opec major Kuwait said its current account surplus eased slightly to KD20.3 billion ($70.7 billion) in 2013, following an all-time high of KD22.1 billion the previous year, said a report. This was driven by a decline in the goods

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Kuwait surplus down 8pc to $72bn

Kuwait's current account surplus shrank by nearly 8 per cent to 20.3 billion dinars ($72.2 billion) in 2013 compared with the  previous year, preliminary central bank data showed on Thursday, in line with market expectations.

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