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Tag "opec"

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Russia-OPEC production cuts helping oil market rebalance, says energy minister

Russia-OPEC production cuts helping oil market rebalance, says energy minister

Russia, Saudi Arabia and other key oil producers agreed to cut output, helping the fragile market recover from 2014-2016 lows. This shows the countries can cooperate when necessary

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Oil hits highest level since 2015 as Russian-Saudi output cuts bring result

Oil hits highest level since 2015 as Russian-Saudi output cuts bring result

Brent crude has surpassed $68 per barrel for the first time since May 2015. Oil prices have been buoyed by information that joint production cuts between Russia and Saudi Arabia-led OPEC are working

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Petroleum prices: the influence of industry and geopolitics

Petroleum prices: the influence of industry and geopolitics

The moderate recovery in oil barrel prices that took place during the last week in June was caused by a fall in USA oil and petrol reserves, but the trend remains depressed

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The race to restabilze the markets

The race to restabilze the markets

Global oil supply is decreasing as a result of the non-OPEC reduction in extraction, while demand is estimated to increase

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Stable quotes

Stable quotes

In February, oil hovered firmly around $55/ barrel with both OPEC and non-OPEC countries moving forward with their production cuts

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Policies and players in the oil Pax

Policies and players in the oil Pax

Oil prices have risen since the decision taken by OPEC and non-OPEC countries to find new production objectives

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Oil price and consequences of OPEC’s agreement

Oil price and consequences of OPEC’s agreement

OPEC’s new oil output cap is opening up a new scenario: by mid-2017, we could witness an oil market rebalancing

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Russia keeps with oil price forecasts unchanged despite OPEC deal

Russia keeps with oil price forecasts unchanged despite OPEC deal

On Wednesday, OPEC agreed to an historic production cut of 1.2 mln barrels per day, with Russia to reduce its daily output by 300,000 barrels

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Price volatility

Price volatility

Between the rise of the barrel and declining, due to the fact that several OPEC countries do not want to reduce the production of crude

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The barrel on the rise

The barrel on the rise

Thanks to the euro/dollar exchange rate, the rebalancing between supply and demand, the tendency to depreciate for US crude and the agreement reached in Algiers on OPEC production, the price of crude oil went over $59 a barrel in September, as had last happened in august

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