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Oil prices fall; Iran, China to discuss supplies

Oil prices fall; Iran, China to discuss supplies

(Reuters) - Brent crude prices fell almost $1 a barrel on Tuesday, with an Iranian delegation in Beijing this week to push for more oil sales. Oil markets were also pressured as Goldman Sachs ( GS.N ) said prices needed to remain low for months to achieve a slowdown in U.S....

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Oil up more than $1 after Saudi's Asia price hike

Oil up more than $1 after Saudi's Asia price hike

(Reuters) - Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised its prices for crude sales to Asia for the second month running, signaling improved demand in the region. International benchmark Brent regained ground after tumbling as much as 5 percent on...

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Turkey's Kurdish southeast eyes economic dividend from peace

Turkey's Kurdish southeast eyes economic dividend from peace

Ending the Kurdish insurgency in Turkey's impoverished southeast would unlock trade with  Iran , Iraq and eventually Syria, and kick-start a local economy long left behind by the rest of the country. Jailed Kurdish militant leader Abdullah Ocalan said last...

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Syria slashes imports to save dwindling foreign reserves

Syria slashes imports to save dwindling foreign reserves

Damascus (AFP) - Syria's government, presiding over an economy ravaged by war and facing dwindling foreign currency reserves, is taking new measures to slash imports and prop up exports. Importers require government licences that allow them to request a favourable exchange rate at the...

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Oil prices edge lower as Iran talks extend beyond deadline

Oil prices edge lower as Iran talks extend beyond deadline

(Reuters) - Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran's nuclear program would be reached that could allow more Iranian crude into world markets. Talks between  Iran  and six world powers to settle a dispute around Tehran's...

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Oil leaps 5 percent, most in a month, on air strikes in Yemen

Oil leaps 5 percent, most in a month, on air strikes in Yemen

(Reuters) - Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies. The Saudi military operation against...

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In Tunisia's tourist heartland, anxious wait after attack

In Tunisia's tourist heartland, anxious wait after attack

(Reuters) - The European visitors strolling Tunisia's Hammamet resort are an encouraging sign for a government determined to minimize the fallout of last week's shooting of 20 tourists in the nearby capital. But there is anxiety about the future in the five-star hotels, trinket...

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Oil falls under $55 after Saud Arabia sticks to its guns

Oil falls under $55 after Saud Arabia sticks to its guns

(Reuters) - Oil prices fell further on Monday, with Brent dropping below $55 a barrel, after top exporter  Saudi Arabia  said it would only consider cutting output if other producers outside OPEC did so too. The strengthening of the dollar further weighed on prices....

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Wall Street rises as euro recovers against dollar

Wall Street rises as euro recovers against dollar

n">(Reuters) - U.S. stocks opened higher Monday and the benchmark  S&P 500  rebounded after three weeks of losses as the euro strengthened against the dollar, easing some concerns over the impact of a robust greenback on corporate earnings. Investors have been...

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IEA sees renewed pressure on oil prices as glut worsens

IEA sees renewed pressure on oil prices as glut worsens

(Reuters) - Oil prices might have stabilized only temporarily because the global oil glut is worsening and U.S. production shows no sign of slowing, the International Energy Agency said on Friday. The West's energy watchdog said the United States may soon run out of spare capacity to...

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 IMF assumes Ukraine to get $15.4 billion from creditor talks

IMF assumes Ukraine to get $15.4 billion from creditor talks

(Reuters) - The International Monetary Fund's bailout program for Ukraine assumes Kiev will be able to get $15.4 billion from talks with its creditors, according to four sources familiar with the IMF's documents. The assumption is necessary to ensure Ukraine's sovereign debt...

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Oil middleman between Syria and Isil is new target for EU sanctions

Oil middleman between Syria and Isil is new target for EU sanctions

A Syrian businessman described as the "middleman" for oil deals between Isil and Bashar al-Assad's regime will be targeted for European Union sanctions on Saturday. The listing of George Haswani, the owner of HESCO engineering company, sheds more light on financial links between...

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Turkish Lira Falls to Record as Minister Says No Reason to Worry

Turkish Lira Falls to Record as Minister Says No Reason to Worry

(Bloomberg) - Turkey’s lira slid to a record for a third consecutive day after Economy Minister Nihat Zeybekci said the central bank didn’t go far enough with rate cuts, arguing there’s no need to worry about the currency. The...

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Oil up despite strong dollar, U.S. stance on Iran

Oil up despite strong dollar, U.S. stance on Iran

(Reuters)- Oil rose in volatile trade on Thursday but analysts said the gains may not hold in the face of a strong dollar and the U.S. commitment to forge a nuclear deal with Iran . Concerns about deteriorating oil supplies from Libya and Iraq boosted crude prices even before...

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Oil up as Netanyahu blasts Iran, Libya forces strike terminals

Oil up as Netanyahu blasts Iran, Libya forces strike terminals

(Reuters)- Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran , while rival Libyan forces targeted oil terminals in the African nation. Higher prices imposed by Saudi Arabia on...

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33,247 Egyptians' back from Libya since mid-Feb

33,247 Egyptians' back from Libya since mid-Feb

The Egyptian government said Monday that 33,247 Egyptians had returned home from next-door  Libya since Feb. 16. In statements to Egyptian state television, Al-Anani Hammouda, security chief in Egypt's Matrouh province, said that some 787 Egyptians had returned home via the Salloum...

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Turkey to explore for oil in Iraq's Qandil area, peace talks to pave way: energy minister

Turkey to explore for oil in Iraq's Qandil area, peace talks to pave way: energy minister

Energy Minister Taner Yildiz said on Monday  Turkey  will explore for oil in the Qandil region of Iraq and that a move towards disarmament by the outlawed Kurdistan Workers Party (PKK) should pave the way for this to happen. Yildiz told reporters Turkey owns...

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Saudi's Naimi says oil demand is growing, markets calm

Saudi's Naimi says oil demand is growing, markets calm

(Reuters) - Saudi Arabia's Oil Minister Ali al-Naimi said on Wednesday that oil demand is growing and markets are calm, in some of his first public comments since the price of crude rebounded from a near six-year low. Oil prices fell by 60 percent between June and January to a...

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