Monday 23 October 2017
 
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Opec

Oil gains as US stockpiles decline, Opec cuts weigh

Oil extended gains on Thursday as signs of declining US stockpiles and ongoing supply cuts led by Opec pointed to healthy demand while investors weighed potential disruptions to supply because of global geopolitical tensions. Futu

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Gas output to boost Oman’s GDP next year: NBK

Oman’s economic growth will slow to just 0.3 per cent this year – its weakest since 2011 – on the back of a drop in oil output, before recovering to 2.8 per cent in 2018 as gas production expands and the non-oil economy steadie

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Gas output to boost Oman’s GDP next year: NBK

Oman’s economic growth will slow to just 0.3 per cent this year – its weakest since 2011 – on the back of a drop in oil output, before recovering to 2.8 per cent in 2018 as gas production expands and the non-oil economy steadie

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Biggest non-Opec producers gear up for Abu Dhabi expo

Leading companies from the largest oil producing region outside Opec, the Commonwealth of Independent States, CIS, will be boosting their presence at this year’s Abu Dhabi International Petroleum Exhibition and Conference (Adipec) targetin

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World oil demand likely to grow by 1.4 mbpd in 2018

World oil demand in 2018 is anticipated to grow by 1.4 mbpd, following an upward adjustment of 30,000 b/d over the previous projection, due to the improving economic outlook in the world economy, particularly China and Russia, according to Opec

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Opec committed to reducing inventories: chief

Opec's steely and resolute focus remains on reducing inventories, moving the stock overhang to its five-year average and ensuring sustainable market stability in the years and decades ahead, Opec chief has said. ''The

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Opec output should remain at current levels to year-end

Despite the deal concluded last December between Opec and non-Opec producers, the cartel’s crude oil supply has followed last year’s upward path, said the Bank of America Merrill Lynch (BofAML) in a new report. The bla

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Opec oil cut deal may be extended: Russia

It is possible to extend the agreement with Opec on oil production reduction, but it is necessary to proceed from the situation on the oil market in March 2018, when the term of the current agreement expires, said Russian President Vladimir Puti

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UAE to cut oil production by 139,000 bpd in November

The Abu Dhabi National Oil Company (Adnoc) will lower its production of oil in November, reflecting the country’s commitment to reduce its share of production by 139,000 barrels per day, which was decided by the Organisation of the Petrole

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IEA increases forecast for world oil demand in 2017

The International Energy Agency (IEA) has raised its forecast for world oil demand in 2017 by 100,000 barrels per day in comparison with the August forecast to 97.7 million barrels per day, according to a media report. IEA expects

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