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Energy

Oil hits four-year low
Global growth concerns, weak demand help extend the rout
Oil heads for four-year low
Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by Opecís biggest producer have told Reuters.
Oil drops to lowest since 2010; Opec ups supplies
Brent crude oil hit its lowest since 2010 on Friday, falling below $90 a barrel as Saudi Arabia said it increased production last month, fanning speculation of an Opec price war.
Oil declines under $92 to 27-month low
Oil prices fell to their lowest level since June 2012 on Thursday, after price cuts from top producer Saudi Arabia added to supply glut worries and weak global economic data.
Oman Oil signs $1.85b loan facility
Oman Oil Co, the sultanateís state-run oil firm, has completed a $1.85 billion two-part loan deal with a group of mainly international lenders, two sources familiar with the matter said on Thursday, with the cash to be used for general business purposes.
Production at UKís Laggan-Tormore gas fields delayed to 2015
Britainís Laggan-Tormore gas condensate fields in the North Sea will start production next year, instead of at the end of this year, operator Total E&P UK told Reuters.
Opec sees lower oil demand growth
In a monthly report on Friday, the Opec trimmed its projection for growth in global demand this year to 1.10 million barrels per day, down 30,000 bpd, citing weaker-than-expected US demand.
Oil and gas deal and story shares
The currency trades last week have all been profitable.
Risks to oil output remain extraordinarily high: IEA
The International Energy Agency (IEA) said in its monthly report that risks to oil production in several regions remained acute.
Egypt budget curbs energy subsidies
Some 40 billion pounds ($5.59 billion) worth of savings were made by curbing planned spending on energy subsidies to 100.3 billion pounds in the next fiscal year, Finance Minister Hany Kadry Dimian told a news conference.
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