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Oil prices rise in thin Asian trade after break:

Oil prices rose on Monday after a three-day break, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented, but volumes were thin as a number of markets remain on holiday for Easter.U.S. crude’s front-month contract CLc1 was up 50…

Crude oil falls for 2nd day as U.S. oil rig count rises:

Crude oil slid for a second session on Monday, falling further from last week’s 2016 highs on concerns over a supply glut after the U.S rig count rose for the first time since December.U.S. energy firms last week added one oil rig after 12 weeks of cuts, according to…

OGA outlines five-year corporate vision:

Industry regulator the OGA (Oil and Gas Authority) has outlined its corporate plan for the next five years.

The body will publish an update on its current position on an annual basis as it looks to maximise economic recovery from the UK North Sea.

Chief executive Andy Samuel said the OGA…

Oil caps biggest weekly gain since August amid producers talk:

Oil capped the biggest weekly gain since August amid signs of strengthening US fuel demand and speculation that some producers will complete an accord to freeze output.

Crude rose 11 percent for the week after data on Feb. 24 showed U.S. gasoline demand rose as supplies fell.

Producers are deciding where…

Oil rallies on strong US petrol demand:

Oil rallied as much as 3% on Wednesday with Brent prices helped by news of stalled loadings for the UK’s North Sea oil while US crude futures rose after strong demand for gasoline offset worries about record high crude inventories.Some traders bet Brent and US crude futures would fall…

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