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Latest Articles in oil

Oil Rises Amid Optimism Over OPEC Supply Cuts, Hopes On US-China Trade

OPEC+ on Jan 1 this year cut output by 1.2 million barrels per day (bpd), and in July, renewed the pact until March 2020.

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Growth In Global Oil Demand To Slow From 2025: IEA

Demand is then seen increasing by 0.1 million bpd a year on average during the 2030s to reach 106 million bpd in 2040.

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Oil Slips As US-China Trade Deal Hopes Dwindle

A forecast by the International Energy Agency for slower global oil demand growth post-2025 also weighed on the market.

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Oil Slips On Huge US Crude Build; Hopes For US-China Trade Talks Check Losses

US crude inventories rose by 4.3 million barrels in the week ended Nov 1 to 440.5 million barrels.

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Oil Steadies After Gains Driven By Trade Optimism

Brent crude futures were up 4 cents at $62.17 a barrel at 0330 GMT after gaining 0.7% in the previous session.

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Modi Says Saudi Arabia To Invest In India's Downstream Oil, Gas Projects

Modi, who is on a two-day visit to Riyadh to participate in an investor summit, will meet King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman later on Tuesday.

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Oil Prices Climb As Positive China Factory Data Eases Demand Concerns

Brent crude futures rose 9 cents to $62 a barrel by 0300 GMT while US West Texas Intermediate (WTI) crude futures rose 13 cents to $56.04 a barrel.

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Oil Falls But Prices Still Elevated After Attacks On Saudi Facilities

Brent crude was down 73 cents, or 1.1 per cent, at $68.29 a barrel by 0405 GMT, and West Texas Intermediate was down 87 cents, or 1.4 per cent, at $62.03 a barrel.

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Oil Soars After Attack On Saudi Plants Shuts In 5 Per Cent Of Global Supply

Brent crude futures, the international benchmark, rose by as much as 19.5 per cent to $71.95 per barrel, the biggest intra-day jump since Jan. 14, 1991.

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Saudi Aramco Tells Indian Refiner It Will Get Oil: Source

Aramco has lost half of its production capacity after attacks on its facilities on Saturday and it remains unclear how long it will take the company to fix the damage.

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Oil Gains On Signs Of Thaw In US-China Trade War, Inventory Fall

Brent crude futures rose 23 cents, or 0.4 per cent, to $61.04 a barrel by 0650 GMT. US West Texas Intermediate (WTI) futures was up 28 cents, or 0.5 per cent, to $56.03 a barrel.

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Oil Prices Gain After Bigger-Than-Expected Fall In US Stockpiles

Iran’s oil exports were slashed by more than 80 per cent due to re-imposed sanctions by the United States.

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Oil Hits Six-Week High On Hopes Of Extended OPEC Output Cuts

In the United States, crude stockpiles are likely to have fallen for a fourth consecutive week last week.

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Oil Slips Towards $60 On US Inventory Rise But Trade Hopes Support

Benchmark Brent crude was down 25 cents at $60.45 a barrel by 0821 GMT, while US West Texas Intermediate (WTI) crude fell 39 cents to $55.87.

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