Tuesday 21 April 2015
 
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Oil

Saudi Arabia on alert over 'oil, mall attack'

Saudi Arabia has put security forces on alert for a possible militant attack on a shopping mall or energy installation, Interior Ministry spokesman Mansour Turki said on Monday. "There was information about a possible act tar

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Oil rises towards $64 on ME tension

Oil prices rose in a volatile day of trading on Monday as concerns over tension in the Middle East and a drop in the number of U.S. rigs drilling for crude offset comments from Saudi Arabia's oil minister that Saudi production would stay nea

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Two tankers to lift 1.3 m barrels of oil from eastern Libyan ports

Two tankers will lift 1.3 million barrels of crude from east Libyan ports Hariga and Zueitina, oil officials said.   The Hariga port was expecting a tanker to lift 700,000 barrels of crude, an oil official said.

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Al Naimi says Saudi oil production near record high in April

Oil Minister Ali Al Naimi says Saudi Arabia is producing near record levels of crude in April, underscoring the kingdom's willingness to defend market share at a time when oil markets have staged a fragile recovery.  

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Oil off 2015 peaks, but jumps 9.6pc on the week

Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 per cent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower US production lifted prices. US crude also

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Dewa to highlight transformer oil test laboratory

Dubai Electricity and Water Authority (Dewa) is set highlight the services and mechanicsms used in transformer oil tests at its ‘Transformer Oil Test Laboratory’  at a leading exhibition in Dubai, UAE this month.

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Brent crude oil prices fall as Opec production soars

Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after Opec said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Countries (Opec) said that i

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Oil turns higher, rallies to 2015 high on Yemen conflict

Crude oil prices jumped to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. The terminal is one of the major hubs for the Had

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Strong oil lifts Gulf, Dubai property stocks surge

Oil's rally supported stock markets across the Gulf, while Dubai property stocks surged after the emirate's biggest listed real estate developer announced a bullish 2015 profit forecast. Brent crude hit 2015 highs above $6

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Adnoc set to start oil product deliveries to Egypt

State-run Abu Dhabi National Oil Company (Adnoc) will start monthly deliveries of $400 million of petroleum products to Egypt from next week until the end of October, a source at the state-owned Egyptian General Petroleum Corporation (EGPC) said

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