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Latest Articles in crude oil

Aramco Trading Locks In Long-Term Crude, Naphtha Supplies

Saudi Aramco holds shares in refining and petrochemical projects at two sites in China, one in Japan, one in Malaysia, and owns a large stake in South Korean refiner S-Oil Corp, according to the company's website.

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Oil Prices Slip Ahead Of Data Pointers On Impact Of Coronavirus On Demand

Brent crude was at $56.99 a barrel, down 33 cents by 0121 GMT after rising 5.2% last week, the biggest weekly gain since September 2019.

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Oil Prices Steady But Set For Weekly Gain On Supply Cut Optimism

Brent crude futures fell 9 cents to $56.25 a barrel by 0234 GMT, after gaining 1% the previous session. Brent is 3.3% higher for the week, the first increase since the week of Jan. 10.

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Oil Demand Set For First Fall In A Decade As Virus Takes Toll - IEA

Chinese refiners were set to slash runs by 1.1 million bpd in the first quarter, with throughput in 2020 contracting by 500,000 bpd year on year.

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Oil Prices Mixed As Demand Concerns Outweigh Output Cut Expectations

Brent crude fell 6 cents, or 0.1%, to $55.73 per barrel at 0735 GMT. U.S. West Texas Intermediate (WTI) was up 5 cents, or 0.1%, to $51.22 a barrel.

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Global Markets: Stocks Stumble Toward Best Week Since June

Brent crude was a touch firmer on Friday at $55.17 per barrel, but is heading for its fifth back-to-back weekly drop having lost over 16% this year.

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Oil Rises, Extending Gains Amid Optimism Over China Coronavirus

Brent futures rose by 98 cents, or 1.8%, to $56.26 a barrel by 0311 GMT, having risen 2.4% in the last session. U.S. West Texas Intermediate (WTI) futures gained $1.08, or 2.1%, to $51.83 a barrel after rising 2.3%.

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Oil Gains More Than 1% On Hopes For Output Cuts To Counter China Virus Impact

Brent crude oil futures were up 74 cents, or 1.4%, to $54.70 a barrel by 0326 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 61 cents or 1.2% to $50.22 a barrel.

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China Flexes Oil Refining Muscle, Upping Pain For Asian Rivals

Chinese exports of diesel, gasoline and jet fuel combined jumped 20% in 2019, reaching as far as Mexico, Nigeria and Italy, and weighing on global refining margins.

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Oil Falls As Spectre Of China Virus Looms Over Fuel Demand

Brent crude futures were down $1.59, or 2.5%, at $61.62 a barrel by 1426 GMT, having touched their lowest since Dec. 4. They lost 2.1% in the previous session.

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Oil Slides As IEA Surplus Forecast Overshadows Libya Disruption

Brent crude was down 43 cents, or 0.7%, at $64.16 a barrel at 0941 GMT. West Texas Intermediate also fell 43 cents to $57.95 a barrel, having declined 0.3% the day before.

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Oil Jumps To Highest In More Than A Week After Libyan Shutdowns

Brent crude LCOc1 futures were up by 74 cents, or 1.1 per cent, to 65.59 by 0331 GMT, having earlier reached USD 66.00 a barrel.

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China's U.S. Crude Buying Binge To Set Off Global Sweet Oil Shake-Up

China's pledge to buy at least $52.4 billion worth of U.S. energy products over the next two years can only be met through substantial increases in crude imports from the United States.

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IEA Says Oil Stocks, Non-OPEC Output To Buffer Market From Shocks

"For now the risk of a major threat to oil supplies appears to have receded," the Paris-based IEA said in a monthly report.

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Oil Gains After U.S.-China Trade Deal, Fall In Inventories

Brent was 30 cents, or 0.5%, higher at $64.30 a barrel by 0754 GMT, while U.S. crude was up by 30 cents, or 0.5%, at $58.11 a barrel.

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