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Easing of light crude export ban to put pressure on Asian producers
The addition of supplies as demand cools is likely to trigger more aggressive discounting by producers trying to defend market share in Asia.
US opens floodgates
Obama administration clears the way for millions of barrels of crude to the global market
Oil seen above $70 by end-2015
Opec hopes economic recovery will spur fresh demand; remote prospects for output cut
UAE, Saudi ministers call for non-Opec output cut
UAE minister says irresponsible production by some producers from outside the Opec is main cause for plunge in oil prices.
Oil below $59 for first time since ’09
Brent crude fell as low as $58.50, its weakest since May 2009. As of 1221GMT it was down $2.12 at $58.94 while US crude was down $1.73 at $54.18 per barrel.
Gulf equities slide in perfect storm of oil, leverage, panic
Saudi Arabia will open its bourse to direct foreign investment next year, which could draw tens of billions of dollars in coming years.
Opec output drops as Libya recovery stalls
Prices have slipped since and fell below $68 to the lowest since 2009 on Monday.
Iraq govt, Kurds strike deal on budget, crude exports
The deal would see oil from the Kurdish region or claimed by its leadership exported via Kurdish pipelines but through the federal oil company.
Plunge in oil prices a panacea for crude-reliant Asia
Partly because of the shale oil boom in the US, the world is awash in oil but demand from major economies is weak so prices are falling.
Oil plunge to have lesser impact on UAE economy
The oil prices tumbled 30 per cent since June 2014 to $79 a barrel from $115 a barrel.
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