Thursday 14 December 2017
 
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Opec

Opec-non Opec deal 'much more than short-term fix'

The landmark ‘Declaration of Cooperation’ reached last year by the 14 member countries of Organisation of the Petroleum Exporting Countries (Opec) with the 10 non-Opec states underlined the shared resolve they all had in achieving an

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Robust global demand for oil in 2018: Report

Next year likely will see global oil demand expand again by 1.5 million barrels per day and US supply rise by 870,000 barrels per day – although Opec likely will at best maintain the cuts implemented in 2017, resulting in a balanced market

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Robust global demand/tight supply for oil in 2018: Report

Next year likely will see global oil demand expand again by 1.5 million barrels per day and US supply rise by 870,000 barrels per day – although Opec likely will at best maintain the cuts implemented in 2017, resulting in a balanced market

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GCC economy to grow 2.5pc in 2018: Moody’s

The GCC region’s economy will grow near 2.5 per cent in 2018, according to new forecasts from Moody’s Analytics, a leading provider of economic forecasts and data. Stable energy prices will underpin this growth, with t

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World oil market to reach full stability in 2018, says UAE

The world oil market has the potential to reach full stability in 2018 as the level of inventories are expected to be reduced to a comfortable level, said UAE Minister of Energy and Industry Suhail bin Mohammed Faraj Faris Al Mazrouei.

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Oil rises after oil producers extend output cut deal

Oil futures rose on Friday after Opec and other major producers agreed to extend their production curbs till the end of 2018, aimed at ending a persistent glut in global supplies.   Opec and non-Opec oil producer

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Oil price to average at $55 in 2018: S&P

S&P Global Ratings has raised its price assumptions for Brent crude oil to $55 for 2018, while West Texas Intermediate (WTI) and Henry Hub natural gas assumptions remain unchanged for 2018 and 2019. In an article titled "

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Oil market stability improving: Opec chief

Current world oil market conditions, returning confidence and optimism in the industry are all evidence of the positive outcome of Declaration of Cooperation, Opec secretary-general Mohammad Sanusi Barkindo said during the Opec and non-Opec Tech

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Opec output cut level key to markets: Barclays

A six- or nine-month extension of the Opec deal is likely to be agreed to on November 30, said British multinational bank Barclays, highlighting that the extension length is less important than the quota level. “Whether or n

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GCC’s GDP to accelerate to 2.8pc next year: ICAEW

The GDP of the GCC is expected to grow from just 0.3 per cent in 2017 to 2.8 per cent next year, while the same in the wider Middle East will accelerate from 1.4 per cent in 2017 to 3.2 per cent next year, a report said. Several e

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