Thursday 27 November 2014
 
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price

Kuwait says will have to live with oil at $60, $80 or $100

Kuwait's oil minister said the Opec member will have to accept any market price of oil whether it is $60, $80 or $100 a barrel.   "We have to live either with $80 or with $60 or with $100," Ali Sale

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Oil price seen falling to $60 if Opec does not cut output

Oil prices could plunge to $60 a barrel if the Organisation of Petroleum Exporting Countires (Opec) does not agree a significant output cut when it meets in Vienna, market players say.   Brent crude futures have

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Iran Parliament suggests $75-80 barrel oil price for budget

Iran's parliament recommends basing next year's budget on an oil price of $75-80 a barrel, a senior lawmaker was reported as saying, down from $100 in the 2014 budget plan.   "It seems the trend of d

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Opec needs to cut output by up to 1 mbpd: delegate

The Organization of the Petroleum Exporting Countries (Opec) needs to cut its oil output by up to 1 million barrels per day (mbpd) at its meeting next week, a delegate from one of Opec's smaller producers said, as oil prices that have slid

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Iron ore and the dangers of living by the sword

The price of spot iron ore has sunk to $75.50 per tonne this week, its lowest level since 2009. The scale of the price collapse has been breath-taking. Iron ore has dropped by over 35 per cent since the start of the year, a signif

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Gold firms plan cuts to stay afloat as bullion sinks

Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it. Gold tumbled to a mo

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‘Opec concerned, not panicking about oil price’

Fundamental factors do not justify the sharp drop in oil prices, Opec secretary-general Abdullah Al-Badri said on Thursday, forecasting a price rebound by the second half of next year. "We are concerned but we are not panicki

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Opec shaken by Saudi price move

Saudi Arabia showed little concern for fellow Opec members by unilaterally cutting its oil prices to the US, a move that casts doubts on the group's credibility and its ability to find a common plan to stabilise the slumping energy market,

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DHA unveils price regulation model for health services

The Dubai Health Authority(DHA) has unveiled the price regulation model for health services in the private sector that will be applicable from next year. Essa Al Maidoor, director-general of DHA, said: “This model essentiall

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Oil price declines have shale investors scrambling

Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the US shale energy boom close to their breaking point, while also prompting some well-known fund managers to aggressively buy energy stocks.

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