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Abu Dhabi to Combine Two Offshore Oil, Gas Units Amid Price Drop

EghtesadOnline: Abu Dhabi National Oil Co. will combine two offshore oil and natural gas ventures operated with partners including BP Plc and ExxonMobil Corp., as the U.A.E. producer takes measures to cope with the drop in oil prices over the past two years.
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Publish Date:04/October/2016 | 11:52

NDFI Assets at $68b

EghtesadOnline: Iran’s sovereign wealth fund is becoming wealthier due to the oil producer’s increased sales, though low oil prices are slowing its growth.
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Publish Date:03/October/2016 | 21:31

Oil Bulls Rewarded as Crude Surges After OPEC Output Accord

EghtesadOnline: Oil investors’ bullish bets on last week’s OPEC meeting paid off. While most analysts weren’t expecting a deal, money managers increased wagers on rising prices by the most since January ahead of the Organization of Petroleum Exporting Countries’ talks in Algiers.
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Publish Date:03/October/2016 | 06:07

Oil prices fall on high production despite planned OPEC output cut

EghtesadOnline: Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with traders doubting the step was enough to rein in production that has exceeded consumption for the better part of three years.
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Publish Date:03/October/2016 | 05:39

Saudi Arabia Growth Hits Three-Year Low

EghtesadOnline: Saudi Arabia's economy grew at its slowest rate in more than three years between April and June, government data shows, and some analysts said the figures might be understating the extent of the blow from low oil prices .
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Publish Date:02/October/2016 | 22:33

Shale Drilling Revival Seen Taking Hold as Oil Price Recovers

EghtesadOnline: The biggest reboot of U.S. oil and gas rigs in two years will gain traction as higher prices prompt producers to resume investment in the most profitable plays, according to a report by Platts RigData.
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Publish Date:01/October/2016 | 08:59

Kuwait Needs ‘Optimal’ Market for Planned Dollar Debt Sale

EghtesadOnline: Kuwait needs “optimal market conditions’’ for its planned international debt sale, Finance Minister Anas Al-Saleh said, as the OPEC member seeks to repair public finances squeezed by low oil prices .
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Publish Date:26/September/2016 | 08:53

Turkish Lira Drops on Downgrade as Oil Pressures Emerging Assets

EghtesadOnline: Emerging-market stocks sank with currencies as investors’ attention shifted to a meeting between oil producers later this week, while a cut to junk by Moody’s Investors Service in Turkey’s credit rating sent the nation’s equities and lira reeling.
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Publish Date:26/September/2016 | 08:46

Saudi Arabia Injects $5.3 Billion Into Banks to Ease Crunch

EghtesadOnline: Saudi Arabia’s central bank stepped up efforts to support lenders in the Arab world’s biggest economy as they grapple with the effects of low oil prices . Banks’ shares advanced.
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Publish Date:26/September/2016 | 08:36

Oil Edges Higher as Saudi Offer Opens Door to Future OPEC Deal

EghtesadOnline: Oil pared its biggest drop in more than two months as Saudi Arabia’s offer to cut output opens the door to a future OPEC deal, even as it doesn’t expect an agreement this week when members of the group meet.
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Publish Date:26/September/2016 | 08:34

Financials drag stocks lower on Deutsche Bank fine risk

EghtesadOnline: The possibility of a $14 billion fine for Deutsche Bank and a slide in oil prices hit financials and energy stocks on Friday, leading major global stock indexes lower.
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Publish Date:17/September/2016 | 08:10

Mubadala CEO Signals More Oil Deals as IPIC Megamerger Advances

EghtesadOnline: Mubadala Development Co., the Abu Dhabi sovereign fund merging with International Petroleum Investment Co., said potential energy deals are more attractive after the slump in oil prices drove down asset prices.
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Publish Date:07/September/2016 | 09:15

Treasuries Drop in August as Fed Hawks Revive Dollar; Oil Climbs

EghtesadOnline: U.S. Treasuries are set for their biggest monthly loss since June 2015 after a slew of hawkish rhetoric from Federal Reserve officials that’s revived the dollar and weighed on metals prices. Oil swung into a bull market in August and Chinese shares led gains in global equities.
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Publish Date:31/August/2016 | 09:28

Oil Price ‘Roller Coaster’ Spurs a Rush for Young Investors

EghtesadOnline: Chris Santos likes a little spice in his investing life. That’s why the 26-year-old Toronto man trades Credit Suisse Group AG’s VelocityShares 3x Long Crude ETN, which offers returns equal to three times the move of the S&P GSCI Crude Oil Index for each day.
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Publish Date:24/August/2016 | 09:26

Barclays Predicts $85 Oil

EghtesadOnline: Barclays expects oil prices to reach $85 per barrel by 2019, a year sooner than it previously forecast, the British multinational and financial services company said in a report.
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Publish Date:22/July/2016 | 08:36

Oil Prices Heading for Fourth Weekly Decline

EghtesadOnline: Oil prices fell on Friday, set for their fourth weekly decline, as renewed economic concerns in the United States and China revived anxieties about fuel demand growth in the world's two largest oil consumers.
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Publish Date:13/May/2023 | 22:30

Oil Prices Rise on Tanker Explosion in Saudi Arabia

EghtesadOnline: Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia jangled nerves in the market.
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Publish Date:15/December/2020 | 15:40

Oil Prices Highest Since March

EghtesadOnline: Oil hit its highest since March on Tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred hopes of a quicker recovery in economic growth and oil demand next year.
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Publish Date:25/November/2020 | 16:52