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Oil prices flatline as U.S. drilling counters OPEC output cuts

EghtesadOnline: Oil prices held steady on Monday as investors gauged whether an increase in U.S. drilling rigs and record stockpiles would undermine efforts by producers to cut output and bring the market into balance.
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Publish Date:20/February/2017 | 05:27

Oil down 1 percent despite news OPEC could extend output cut

EghtesadOnline: Oil prices reversed gains to trade nearly 1 percent lower on Thursday but continued to hold in a tight range as the market weighed swelling U.S. inventories against possible renewed efforts by major oil producers to reduce a price-sapping glut.
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Publish Date:16/February/2017 | 21:16

Oil prices dip as rising U.S. supplies offset OPEC cuts

EghtesadOnline: Oil dipped on Wednesday, weighed down by ongoing high supplies despite an OPEC-led production cut, but prices remained within a narrow trading band that has been in place since late January.
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Publish Date:01/February/2017 | 05:27

Oil extends declines on rising U.S. output

EghtesadOnline: Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers.
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Publish Date:30/January/2017 | 05:45

Oil eases on rising U.S. inventory, market looks to EIA data

EghtesadOnline: Oil edged lower on Wednesday as expectations of an increase in U.S. inventories weighed on the market, offsetting bullish momentum from output cuts announced by OPEC and other producers.
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Publish Date:25/January/2017 | 06:58

Oil firms after producer meeting, but high U.S. output weighs

EghtesadOnline: Oil edged up on Monday on statements over the weekend from OPEC and other producers that they have been successfully implementing output cuts, but gains were limited by a surge in U.S. drilling.
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Publish Date:23/January/2017 | 05:14

OPEC Shrugs Off Threat of U.S. Cutting Oil Imports

EghtesadOnline: OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to need crude from abroad.
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Publish Date:23/January/2017 | 04:47
There’s room for cooperation, but also competition.

Will Putin and Trump Bond Over Oil?

EghtesadOnline: In the early 2000s, the Russian and U.S. presidents, Vladimir Putin and George W. Bush, decided it was time their two countries had a closer relationship. The obvious place to start was the oil industry. The U.S. was importing almost twice as much crude as it produced and wanted to diversify away from Middle Eastern suppliers. Russia’s vast, untapped reserves of oil needed two things U.S. companies had plenty of: money and technology.
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Publish Date:14/January/2017 | 05:15

Oil slips $1 on concerns U.S. production is rising

EghtesadOnline: Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.
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Publish Date:09/January/2017 | 13:00

Oil prices fall as U.S. inventories, Libya output weigh

EghtesadOnline: Oil prices slipped in tepid Asian trading on Thursday, dragged down by an unexpected rise in U.S. crude inventories last week and moves by Libya to boost output over the next few months.
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Publish Date:22/December/2016 | 09:42

Oil prices edge up on expected U.S. crude inventory draw

EghtesadOnline: Oil prices nudged higher on Wednesday on expectations of a U.S. crude inventory draw, although trading activity was muted as markets start to wind down ahead of the Christmas weekend.
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Publish Date:21/December/2016 | 06:58

Oil prices fall on rising U.S. crude stocks, OPEC output concerns

EghtesadOnline: Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut.
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Publish Date:14/December/2016 | 24:11