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Oil prices climb on OPEC-led cuts, but off session highs
Oil prices jumped more than 2 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia, agreed to reduce output to drain global fuel inventories and support the market.
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Germany sticks to Nord Stream 2 pipeline despite Ukraine crisis
Germany is still committed to the NordStream 2 pipeline, which will allow Russia to bypass Ukraine in transporting gas to Europe, despite escalating tension in the region, a government spokesman in Berlin said on Wednesday.
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Oil falls on rising U.S. inventories, OPEC talk of cut limits loss
Oil prices dipped on Thursday after U.S. inventories swelled to their highest level since December adding to concerns about a global crude glut but OPEC talk of an output cut limited losses.
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Oil prices pressured by rising US crude stocks, but expected OPEC supply cut supports
Oil markets started Thursday timidly, with rising U.S. crude inventories pressuring prices but an expected supply cut by producer cartel OPEC offering some support.
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Russia wants to steer clear of any OPEC-led oil production cut: sources
Russia wants to stay out of any oil-production cuts being touted by some of its partners in an OPEC-led supply pact, two high-ranking Russian sources told Reuters.
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Exclusive: Russia clashes with Western oil buyers over new deals as sanctions loom
Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions.
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Russia's Rosneft says third quarter daily oil output up 3.4 percent year-on-year
Russian oil giant Rosneft said on Monday its average daily crude oil and gas condensate production in the third quarter rose by 3.4 percent in year-on-year terms to 4.73 million barrels thanks to a global supply deal easing.
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U.S. renews Iran sanctions, grants oil waivers to China, seven others
The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.
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