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Global oil market likely to be oversupplied through 2016v

The International Energy Agency said that a projected marked slowdown in oil demand growth next year and the anticipated arrival of additional Iranian barrels—should international sanctions be eased—are likely to keep the market oversupplied through 2016. According to IEA’s most ...

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Oil market displays its irrational side

U.S. crude prices jumped more than 27 percent in three trading days between Thursday and Monday, which should convince even the most die-hard believers the oil futures market is neither efficient nor rational. The rally has left traders, analysts and ...

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Oil market throws cold water on US export ban push

Financial Times reported that a handful of US senators last month sent a letter warning President Mr Barack Obama that lifting America’s 40 year old ban on exports of crude oil could harm businesses, consumers and our national security. They ...

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Oil market recovery could be delayed – IEA

The International Energy Agency said that the prospect of Iranian crude oil flooding the market and Saudi Arabia pumping at near-record levels could delay a recovery in an oil market slammed by a historic price collapse. The IEA, which tracks ...

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IEA January Oil Market Report

According to the International Energy Agency (IEA) Oil Market Report (OMR) for January, macroeconomic weakness continues to restrain global oil demand growth, with fourth quarter 2014 deliveries estimated just 0.6 million bpd above year earlier levels. Despite lower prices, with ...

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UAE oil minister says oversupply may last months or years

Oil market oversupply may last months or even years, but prices could recover if non-OPEC producers “act rationally”, the United Arab Emirates (UAE) oil minister said in remarks published on Wednesday. The comment by Suhail bin Mohammed al-Mazrouei in an ...

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OPEC monthly oil market report 2015

Crude Oil Price Movements The OPEC Reference Basket finished down US$9.49 at US$75.57/b in November, amid increasing supplies and sluggish global growth. ICE Brent fell US$8.42 to US$79.63/b, while Nymex WTI lost US$8.53 to stand at US$75.81/b. The Brent-WTI spread ...

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Oil market recap: week ending November 30 2014

PIRA Energy Group has said that China and India SPR is to add oil in 2015. When it comes to the US, commercial stocks drew and in Japan, crude runs rose. Worldwide China and India are each expected to add ...

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Oil market to stabilize itself eventually

OPEC leader Saudi Arabia signaled it was unlikely to push for a major change in oil output at the producer group’s meeting this week, a day after Russia refused to cooperate in any production cut and threatened to unleash an ...

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