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Oil price declines weigh on European markets

EghtesadOnline: European shares fell on Wednesday maintaining a gloomy trend set in Asia and the United States, and with concerns about a global glut of oil looming over the market.
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Publish Date:26/October/2016 | 13:10

Asia stocks slide on Wall Street losses, oil drops on inventory rise

EghtesadOnline: Asian shares on Wednesday followed in the footsteps of Wall Street, which pulled back overnight on disappointing earnings, while the dollar inched down from a seven-month high and oil prices extended this week's losses.
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Publish Date:26/October/2016 | 04:28

Iran's ready to join oil freeze plan

EghtesadOnline: A senior Iranian oil official here on Monday voiced Tehran readiness to join the Organization of Petroleum Exporting Countries (OPEC) oil freeze plan to help stabilize prices in international markets.
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Publish Date:25/October/2016 | 10:16

Russian, Persian Gulf Arab Oil Ministers Meet as OPEC Cut Looms

EghtesadOnline: Russia’s energy minister met with counterparts from Saudi Arabia and other Persian Gulf Arab oil-producers to discuss steps to stabilize crude markets amid OPEC’s drive to win cooperation from the biggest supplier outside the group in limiting output to prop up prices.
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Publish Date:24/October/2016 | 09:14

Oil prices drop as Iraq says doesn't want to join OPEC cut

EghtesadOnline: Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work.
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Publish Date:24/October/2016 | 08:25

Oil Market Glut Grows Bigger as Saudi Arabia Says Worst Is Over

EghtesadOnline: Listen to Saudi Arabia and hear the oil market is rebalancing. Look at the screen, and Brent is indeed holding above $50 a barrel. But dig deeper into the world of physical oil, and bearish signals abound, at least in the European market that helps dictate global prices.
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Publish Date:22/October/2016 | 08:54

Saudis Said to Boost Oil Sales to China as Pricing Lures Buyers

EghtesadOnline: Saudi Arabia, which is marshaling a potential deal with global crude producers to limit output, is said to have lifted sales to the world’s second biggest oil consumer after cutting the pricing for its supply.
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Publish Date:19/October/2016 | 08:39

Oil rises on U.S. crude inventory draw, falling Chinese output

EghtesadOnline: Oil prices rose on Wednesday, lifted by a report of a drop in U.S. crude inventories and declining production in China, while an upbeat OPEC statement on its planned output cut also supported the market.
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Publish Date:19/October/2016 | 07:15

Oil approaches one-year high as speculators buy into output cut deal

EghtesadOnline: Oil prices rose around one percent on Monday, approaching one-year highs, as speculators raised bets that oil prices would gain on the back of a landmark agreement among OPEC producers to rein in record output levels.
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Publish Date:10/October/2016 | 16:16

North Sea Oil and Gas Drilling Activity Plunges to All-Time Low

EghtesadOnline: The number of rigs drilling for oil and gas in the North Sea, home of the Brent crude benchmark, plunged in September to the lowest in nearly 35 years as companies cut spending to weather low prices.
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Publish Date:09/October/2016 | 20:22

Oil Drops as U.S. Adds Drill Rigs While Iran Seeks Export Boost

EghtesadOnline: Oil declined from the highest close in six weeks as U.S. producers increased drilling and Iran signaled it’s seeking to boost exports after OPEC members agreed to reduce output at a meeting last week.
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Publish Date:03/October/2016 | 06:10
Forget shale. There's a broader - much more boring - technological revolution sweeping oil markets.

How Actual Nuts and Bolts Are Bringing Down Oil Prices

EghtesadOnline: Last spring, Statoil ASA announced it had used the same oil well design and components to drill three reservoirs for the price of one.
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Publish Date:01/October/2016 | 08:52
Good news for oil producers is bad news at the pump

The Biggest Winners and Losers From OPEC's Oil Deal

EghtesadOnline: The Organization of Petroleum Exporting Countries' agreement to cut production ends two years of Saudi Arabia's pump-at-will policies, which had sunk oil prices to the joy of drivers in the Western world and the consternation of central bankers seeking to stave off deflation. With the reversal of that stance, a whole new set of winners and losers will emerge.
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Publish Date:01/October/2016 | 06:38