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Asia stocks edge up as crude prices stabiliseAsian stocks poked into positive territory on Tuesday, shrugging off early losses as Chinese shares stabilised a day after marking their biggest loss in a month and crude prices took back some lost ground. MSCI's broadest inde More… |
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Oil prices steady but ‘rally running out of steam’Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam. Robust demand in Asia as well More… |
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Expect a long wait for return of $100 oil - SinopecAsia's largest refiner, Sinopec Corp, said on Monday it expects prolonged weakness in global oil prices, forcing it to cut spending and turn more cautious about acquisitions. "This year's oil prices won't be high. More… |
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Crude prices 'set to rise in second half'Oil prices have probably touched bottom and should recover in the second half of 2015 as the collapse in the market over the last year begins to curb production, a survey of analysts showed yesterday. Oversupply is likely to keep More… |
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New appeal to shore up crude pricesIran and Venezuela yesterday called on fellow crude producers to shore up prices that have plunged more than 30 per cent to four-year low ahead of an Opec meeting later this month. Oil prices have fallen to below $79 on abundant s More… |
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Kuwait crude prices up on supply disruptionsCrude oil prices in Kuwait edged higher in February on the back of supply disruptions, particularly within Opec in addition to the geopolitical tensions, said a report. After dropping to a seven-month low of $100 bpd early in the More… |
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Higher crude prices spur GCC marketsSustained high oil prices, expansive fiscal and accommodative monetary policies led to a strong rally in the first half of 2013 in GCC markets, according to research by Kuwait Financial Centre Markaz. All the GCC markets gained am More… |
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Rising crude prices may boost growth in MERising oil prices and massive government spending are likely to boost economic growth throughout the Middle East this year. But it will not be enough to keep pace with the world's most dynamic emerging market economies, a survey of for More… |
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Iran sees rise in crude pricesIran's Opec governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach $100 per barrel, the Oil Ministry's website Shana reported. 'It is unlikely that Opec holds an emergency m More… |
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Saudi cuts Asia heavy crude priceTop oil exporter Saudi Arabia has lowered the August official selling price (OSP) for its Arab Heavy crude oil grade to Asia, traders said on Tuesday. Saudi Arabia cut its Arab Heavy crude to Asian customers by 5 cents from July to the Oma More… |
