- OPEC cuts unlikely before US, Russia, Iraq reduce output: FGE
March 10, 2016
The Organization of Petroleum Exporting Countries (OPEC) is unlikely to cut production to support oil prices until it sees output declines in the United States, Russia and Iraq, an energy consultant said Thursday.
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- China's thirst for Gasoline sees barges clog up Amsterdam's port
February 29, 2016
China’s switch to higher quality gasoline is being felt half a world away as barges bringing supplies for export clog up Amsterdam’s port, which ships more of the fuel than anywhere else.
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- Oil: Freezing production at current levels does not resolve the issue of excess supply, according to analyst
February 19, 2016
Strong gains in commodity prices in the last few days should lose momentum.
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- Rising diesel demand in South Korea puts brakes on exports
February 18, 2016
Rising demand for diesel in South Korea is slowing the pace of exports from one of Asia's top shippers of the fuel, offering a rare bright spot in a region where surplus has driven down refining margins.
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- Iran 'welcomes' but does not commit to oil output freeze
February 17, 2016
Iran's oil minister, Bijan Zanganeh, has welcomed the Saudi-Russian deal to keep a ceiling on oil output, but has not committed to limiting Iran's production.
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