Sunday 26 June 2016
 
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Oil

Algeria ‘oil and gas output on the rise’

Algeria's oil and gas output is moving back to growth after years of stagnation, helped in part by increased production at the North African Opec member's existing fields, state energy company Sonatrach said on Sunday. Oil

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Brexit has limited impact on oil prices, says Kemp

Crude oil prices have so far shown only a modest impact from Britain's vote to leave the European Union on Thursday. Brent crude futures for the nearest contact to delivery were down by just over $2 per barrel or about 4 per c

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Oil's supply-demand balance improving: Al Falih

Oil markets are improving as supply and demand are almost balancing, Saudi Arabia's energy minister said in comments aired on Thursday.   "We see that the market has returned into balance. Supply and dem

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US adds most oil storage capacity in September-March: EIA

The US added 34 million barrels of crude oil storage capacity from September 2015 to March 2016, the largest expansion since the Energy Information Administration (EIA) began tracking the data in 2011, it said on Wednesday.  

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Oil fall tips Opec current account into deficit in 2015

The Organization of the Petroleum Exporting Countries’ (Opec) 2015 oil export revenues slumped 46 percent to a 10-year low, the group said in a report published on Wednesday, underlining the impact on producers' income from a collaps

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Saudi Prince talks oil markets with US: SPA

Saudi Arabia's Deputy Crown Prince Mohammed bin Salman discussed global oil market conditions and efforts to maintain its stability with US Energy Secretary Ernest Moniz, state news agency SPA reported on Thursday.  

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Oil rises as investors await Brexit vote

Oil prices edged higher on Thursday, shrugging off a smaller than expected draw on U.S. crude stocks as money and equity markets firmed on the last sweep of opinion polls showing Britons favoured to remain in the European Union (EU).

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Oil producers keep output freeze revival on standby if prices weaken

Russian Energy Minister Alexander Novak has a contrarian message for those who question the wisdom of freezing global levels of oil output.   Despite the collapse of talks on restraining production among Opec and

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Oil prices above $50 after US stock data

Oil prices rose in early Asian trading on Wednesday, with US crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks. US crude futures' August

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Oil prices above $50 after US stock data

Oil prices rose in early Asian trading on Wednesday, with US crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks. US crude futures' August

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