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Angola in full compliance with Opec output cuts – oil minister
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Thursday, 27 April 2017
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PARIS Angolan oil minister José Maria Botelho de Vasconcelos said on Thursday his country was more than fully complying with Opec production cuts, and that he believed a deal to curb output would be extended beyond June. "Yes I think so," de Vasconcelos said at an industry event in Paris when asked....
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Norway's Heavyweights & Entrepreneurs Big lender Swedbank’s chief economist, Harald Andreassen, isn’
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Thursday, 27 April 2017
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Beneath some palpable yet halting movements toward recovery in 2017 (like rig hires), there’s 2016’s rigorous cost-cutting by, among others, Statoil and its subsea supply chain. Lower oilfield cost estimates have been proclaimed (and engineered), and this has fed assertions that pricy technology and....
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BSP expects April inflation at 3%-3.8%
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Thursday, 27 April 2017
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Headline inflation may settle at as low as 3 percent or as high as 3.8 percent in April, the central bank said, broadening its forecast range from the 3.4 percent posted in March to factor in higher utility rates and oil prices, as well as lower cooking gas prices and a stronger peso. The central bank’s April estimate indicates a big jump from 1.
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Oil sector squeezed by rising costs and investment slump
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Thursday, 27 April 2017
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Two of the oil industry’s most closely followed forecasters have raised warning flags about pressures building due to sharply lower investment in the aftermath of the boom-bust cycle of the past decade. The International Energy Agency (IEA), the Paris-based watchdog for the world’s largest....
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Energy prices rebalancing after OPEC accord: Qatar
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Thursday, 27 April 2017
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The move was also partly matched by non-cartel producers led by Russia and the critical question is whether OPEC will take new action at its next meeting on May 25. "A balancing was bound to happen. What we want to do is to hasten that process of balancing," said Al-Sada.
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