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Gulf states may ‘resist output cuts’ at Opec meet
A decision by the 12-member Organisation of Petroleum Exporting Countries not to cut production in November sent prices crashing 60 per cent before a partial recovery in recent weeks.
Jordan sees 3.8% growth on weak oil
Weak oil prices that have cut the current account deficit to about nine per cent have put the kingdom on track for about 3.8 per cent growth in gross domestic product.
Oman refinery firm borrows $910 million
The money will be used to “meet general corporate requirements and certain projects currently being considered”.
Enoc appeals to Dragon Oil investors with 735p-a-share offer
Enoc, which already owns 54 per cent of Dragon Oil, had made an approach to buy the remainder on March 15.
$76 oil seen until 2025
Opec doesn’t see prices to consistently trade at $100 again in next decade
Indonesia seeks to rejoin Opec after seven years
Indonesia was the only Asian Opec member for nearly 50 years before leaving the group in 2008 as oil prices hit a record high.
Oil hits 2015 high as traders look beyond ample current supply
Brent crude was up 39 cents to $66.85 a barrel by 0848 GMT, after hitting a 2015 peak of $66.95.
OPEC daily basket price closes tad lower
The basket of 12 crude oils of the OPEC closed at $62.18 a barrel on Friday.
Saudi Arabia restructures Aramco
Aramco was once US-based and run by Americans but has long been a Saudi state corporation.
Saudi keen to maintain oil market share
Speaking to reporters in Saudi Arabia, Prince Abdulaziz bin Salman bin Abdulaziz described the oil market as “excellent”, suggesting the Opec heavyweight was comfortable with current global conditions.
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