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Saudi Arabia to slash oil exports by 800,000 barrels per day

Thursday, January 10, 2019, 8:03 AM

OPEC kingpin Saudi Arabia will slash its oil exports in January by 10 percent compared to November, the energy minister said Wednesday. Khalid al-Falih said the kingdom, the world's top crude supplier, would cut its output to 7.2 million barrels per day in January, from 8.0 million bpd in November, with a further 100,000 bpd cut in February.
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FPIs pulled out Rs 83,000 crore in 2018 on oil prices, weak rupee

Sunday, January 6, 2019, 7:39 PM

Overseas investors pulled out over Rs 83,000 crore from the capital markets in 2018, after pouring in a record Rs 2 lakh crore in the preceding year, on the back of rate hikes in the US, rise in global crude prices and rupee depreciation. Foreign portfolio investors (FPIs) made a net withdrawal of about Rs 83,146 crore from the Indian markets in 2018.
 
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OPEC's sequel to blockbuster oil deal faces struggle in 2019

Thursday, December 20, 2018, 6:45 PM

OPEC's bold strategy to revive oil markets proved a surprise success last year, but the sequel they have unveiled for 2019 is getting a cooler reception. Oil prices have slumped in the two weeks since the cartel and its allies announced they will cut production to prevent a surplus, in contrast to the rally that greeted their intervention.

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