Non-OPEC nations
Oil prices dip as oversupply concerns linger
Fri, Apr 07, 2017
Oil prices dipped on Friday as ongoing concerns about oversupply outweighed an OPEC-led production cut and strong refinery activity. Brent crude futures , the international benchmark for oil, were at $54.85 per barrel at 0109 GMT, down 4 cents from their last close.
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OPEC chief confident in commitment, enthusiasm for output cut deal
Sat, Jan 14, 2017
"I remain confident... with the level of commitment and enthusiasm that I have seen among the 24 participating countries whom I am in regular contact with that this historic and landmark decision will be implemented fully," Mohammed Barkindo told Reuters in an interview in Abu Dhabi.
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Oil prices fall on rising U.S. crude stocks, OPEC output concerns
Wed, Dec 14, 2016
Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut.
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A dollar increase in crude oil price raises India’s import bill by $500 million
Fri, Dec 02, 2016
Speculating a further increase in global crude oil prices, analysts said that every dollar increase in the price of crude oil will make India’s import bill rise by nearly half a billion dollars ($500 million).
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Oil, dollar and bond yields sharply higher after OPEC deal
Thu, Dec 01, 2016
The Organization of the Petroleum Exporting Countries on Wednesday agreed to its first output cut since 2008, with Saudi Arabia accepting "a big hit" on its production. Non-OPEC Russia will also join output reductions for the first time in 15 years to help OPEC prop up oil prices.
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Oil falls as non-OPEC yet to pledge concrete output steps
Mon, Oct 31, 2016
Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices, suggesting they wanted the oil producing group to solve its differences first.
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