oil prices
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Asian shares mostly lower, oil near one-year high on output cut plan
EghtesadOnline: Asian shares were mostly lower on Tuesday, while oil prices hovered near one-year highs on growing expectations of an output cut by OPEC producers.
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U.S. stocks gain on Clinton debate perception, oil surges
EghtesadOnline: U.S. stocks strode higher on Monday, buoyed by the perception that Hilary Clinton won the second U.S. presidential debate and by a surge in oil prices, while sterling was under…
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Wall Street rises as Clinton seen winner of second debate
EghtesadOnline: Wall Street rose on Monday morning amid gains across most sectors, driven by oil prices, and as Democrat Hillary Clinton was widely seen as the winner of the second presidential…
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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…
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BofA Sees Record Mideast Deals Driven by Oil Crash, Reforms
EghtesadOnline: As the price of oil stays stubbornly low, investors in the Middle East are turning to deals. Mergers and acquisitions activity in the Persian Gulf region is set to accelerate…
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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…
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BofA Sees Record Mideast Deals Driven by Oil Crash, Reforms
EghtesadOnline: As the price of oil stays stubbornly low, investors in the Middle East are turning to deals. Mergers and acquisitions activity in the Persian Gulf region is set to accelerate…
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Rouhani, Maduro discuss oil prices ahead of OPEC meeting
EghtesadOnline: Iranian President Hassan Rouhani in a telephone conversation with Venezuelan President Nicolás Maduro on Monday evening, congratulated him for the successful holding of the NAM…
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Doha Bank CEO Says Saudi Arabia ‘Missed the Boat’ on Bond
EghtesadOnline: Saudi Arabia “missed the boat” by not selling its first international bond earlier to narrow a budget deficit caused by the slump in oil prices, Doha Bank Chief Executive Officer…
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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…
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Oil prices fall on surging Iran sales, but looming OPEC deal offers support
EghtesadOnline: Oil prices fell on Tuesday on a rise in Iranian exports which add to a global supply overhang, although a planned OPEC-led production cut later this year offered some support.
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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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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…
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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…
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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…
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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…
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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…
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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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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…
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Oil prices, stocks up on surprise OPEC deal though gains seen fizzling
EghtesadOnline: Oil prices extended gains in Asia on Thursday, boosting stock markets, after OPEC members agreed to curb output in a surprise deal, though investors were wary of chasing markets…
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Oil soars 6 percent as OPEC reaches deal to limit output in November
EghtesadOnline: Oil prices settled up nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since…
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OPEC agrees modest oil output curbs in first deal since 2008
EghtesadOnline: OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure…
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European Stocks Rise as Oil Sub-$45 Before Algiers; Dollar Gains
EghtesadOnline: European stocks rose with U.S. equity index futures as oil stabilized below $45 a barrel before major producers meet to discuss output constraints in Algiers. The dollar strengthened…
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Asia stocks edge down on Europe bank woes, lower oil
EghtesadOnline: Asian stocks were mostly lower on Wednesday, with European banking sector concerns and lower crude oil prices dulling investors' appetite for riskier assets.
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Oil Halts Advance as Speculation Over OPEC Deal Whipsaws Market
EghtesadOnline: Oil halted gains after two days of price swings as investors weigh the chance of OPEC reaching an output deal to stabilize markets when the group meets Wednesday in Algiers.
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Oil prices slip on profit-taking as investors eye U.S. stockpile data
EghtesadOnline: Crude futures slipped in Asian trade on Tuesday as investors took profits after prices climbed more than 3 percent in the previous session.
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Iran downplays chances of oil deal, UAE keen on freeze
EghtesadOnline: Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group…
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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…
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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…
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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.