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Latest Articles in opec

Oil Prices Slip As Weak China Exports Highlights Trade War Impact

Brent futures were down 21 cents, or 0.3%, at $64.18 per barrel by 0220 GMT, after gaining about 3% last week on the news that OPEC and its allies would deepen output cuts.

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OPEC's Share Of Indian Oil Imports In October Hits Lowest Since 2011

India, which usually imports about 80 per cent of its needs from members of the Organization of the Petroleum Exporting Countries (OPEC).

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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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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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Oil Edges Down; Eyes On Data Amid Trade Deal Hopes

Traders may be taking profits on oil ahead of uncertainty around macro-economic data and US oil inventory reports.

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Oil Prices Recover After Output From US, Russia, OPEC Drop

Front-month prices for both contracts posted their largest quarterly falls this year on Monday, hurt by a slowdown in global economic growth amid the US-China trade war.

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Global Markets: Asian Stocks At Six-week Highs As Trade War Gloom Lifts Before ECB

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 per cent and Tokyo's Nikkei stock index rose 0.96 per cent. Australian shares were up 0.2 per cent.

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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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Saudi Aramco To Buy Reliance Stake, Reports 12% Earnings Slide

Aramco signed a letter of intent to take a 20 per cent stake in Reliance's oil-to-chemicals business in one of the largest ever foreign investments in India, Reliance announced.

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IEA Warns Oil Demand Growth So Far In 2019 Lowest Since 2008

"The situation is becoming even more uncertain ... global oil demand growth has been very sluggish in the first half of 2019," the IEA said in its monthly report.

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Oil Edges Up On Expectations Of More OPEC Output Cuts, But Trade Worries Linger

OPEC and its allies including Russia agreed in July to extend their supply cuts until March 2020 to boost oil prices.

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Oil Rises Towards $ 65 As Supply Concerns Outweigh Trade Disputes

"OPEC and its allies are doing their best to support the market", said Tamas Varga, an analyst with PVM.

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Oil Prices Jump Over 2% as OPEC Set To Extend Supply Cuts

US crude futures for August climbed $1.52, or 2.6%, to $59.99 a barrel, after earlier hitting their highest in over five weeks at $60.13.

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Oil Prices Stable Amid OPEC Supply Cuts, But US-China Trade War Drags

US West Texas Intermediate (WTI) crude futures were at USD 58.54 per barrel, 9 cents below their last settlement.

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