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Oil gains ahead of producer meeting; Nigeria, Libya output in focus

EghtesadOnline: Oil prices gained on Monday after a steep fall the session before, buoyed by expectations that a joint OPEC and non-OPEC meeting later in the day may address rising output in Nigeria and Libya, two OPEC members so far exempt from a push to cut production.
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Publish Date: 24/July/2017 | 04:59

Stocks Fall Before Earnings Flurry, Fed

EghtesadOnline: Stocks in Asia dropped and the yen rose for a fifth day as traders showed caution ahead of a week packed with earnings results and a Federal Reserve interest-rate decision. Oil remained below $46 a barrel before an OPEC meeting on Monday.
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Publish Date: 24/July/2017 | 04:29

Stocks Fall, Dollar Sinks as Politics Take a Toll

EghtesadOnline: U.S. stocks sank Friday and the euro climbed to its highest level against the dollar since January 2015 as investors assessed an investigation into U.S. President Donald Trump that may stall his economic agenda. European shares fell as the common currency’s rally weighed on carmakers and other exporters. Oil slumped after reports that OPEC supply increased this month.
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Publish Date: 22/July/2017 | 04:33

Oil Producers Don’t Have a Plan to End the Glut

EghtesadOnline: OPEC and Russia’s plan to clear the global oil glut hasn’t worked as they hoped, but there’s little expectation the world’s largest producers will act more aggressively when they meet this weekend.
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Publish Date: 21/July/2017 | 07:44

Iran Crude Output Within OPEC Bounds

EghtesadOnline: Iran's crude oil production remained within the limits of an OPEC accord aimed at reducing output and easing a lingering global glut, OPEC said in its monthly report this week, citing independent sources.
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Publish Date: 15/July/2017 | 11:10

Saudi Arabia Exceeds Oil-Production Cap for First Time

EghtesadOnline: Saudi Arabia told OPEC it pumped 10.07 million barrels a day in June, a person with knowledge of the data said, exceeding its production limit for the first time since brokering a deal to curb global crude supply to counter a glut.
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Publish Date: 11/July/2017 | 24:31

Iran Crude Prices Up, Exports Above 2 mbpd

EghtesadOnline: Iran's crude oil traded at about $43 per barrel in the week to June 30 amid concerns about rising US crude inventories and limited impact of an OPEC-led scheme to reduce supplies and raise prices.
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Publish Date: 10/July/2017 | 08:23

Oil recovers some losses but market still under pressure

EghtesadOnline: Oil prices recovered some losses on Monday after a 3 percent fall in the previous session, but markets remain under pressure from high drilling activity in the United States and ample supplies from producer club OPEC.
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Publish Date: 10/July/2017 | 05:41

Iran’s oil exports increase by 77 percent in 2016

EghtesadOnline: Iran’s crude oil exports increased by 77.7 percent to over 1.921 million barrels per day (mb/d) in 2016, compared to the previous year, OPEC announced in its annual report.
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Publish Date: 08/July/2017 | 10:34

Oil dips on OPEC supply rise, but political risk supports

EghtesadOnline: Oil dipped on Wednesday, pulled down by another rise in OPEC supplies despite a pledge to cut production, but geopolitical tensions in the Korean peninsula and the Middle East put a floor under prices.
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Publish Date: 05/July/2017 | 05:28

OPEC's Output Rose to the Highest This Year

EghtesadOnline: OPEC’s crude production rose to the highest this year in June as member nations exempt from output curbs pumped more.
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Publish Date: 04/July/2017 | 04:11

Oil prices rise on first drop in U.S. drilling in months

EghtesadOnline: Oil prices rose on Monday, lifted by the first fall in U.S. drilling activity in months, although gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.
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Publish Date: 03/July/2017 | 04:43