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EXCO Resources says borrowing base cut by 13 pct to $325 mln

EXCO Resources Inc said its lenders have cut its borrowing base by 13 percent to $325 million amid a slump in oil prices. Small and mid-sized oil and gas companies are expected to see large cuts to th...
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UPDATE 1-Iran can add 500,000 bpd oil supply in a year- IEA chief

(Adds comment on oil sales to Europe) Iran is expected to add half a million barrels of oil supply a day within a year from its existing oilfields after the lifting of sanctions against Tehran in Janu...
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Shell says Dutch investigators visit Shell HQ in Nigeria oil probe

The UK sterling price per litre of different blends of refined petrol (US $ 1.43 per litre unleaded) is seen at a Shell fuel station, with the Shard skyscraper seen behind, in central London, Britain ...
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Finland hopes for new growth from shrunken forest industry

A maintenance truck seen at UPM-Kymmene’s biofuel plant in Lappeenranta, Finland, March 9, 2016. Reuters/Jussi Rosendahl It has created a modest 200 jobs in a Finnish forestry industry that has ...
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COLUMN-Yellen caution spells trouble for Australian miners: Russell

(The opinions expressed here are those of the author, a columnist for Reuters.) By Clyde Russell Janet Yellen has emerged as another problem for commodity producers, particularly those in Australia, a...
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Oil rebounds on less than expected build in stocks

Oil futures rebounded in Asian trade on Wednesday, buoyed by a forecast for a less than expected build in crude oil stockpiles last week. The article Oil rebounds on less than expected build in stock...
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UPDATE 1-Oil prices rebound on less than expected build in stocks

A pump jack and pipes are seen on an oil field near Bakersfield on a foggy day, California January 18, 2015. Reuters/Lucy Nicholson Oil futures rebounded in Asian trade on Wednesday, buoyed by a forec...
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RPT-COLUMN-Hedge funds establish near-record bullish bet on rising oil prices: Kemp

LONDON, March 29 (Reuters) – Hedge funds and other money managers have amassed a near-record number of bullish bets on increasing oil prices, helping push the main international benchmark well a...
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U.S. crude rebounds on less than expected build in stocks

SINGAPORE, March 30 (Reuters) – U.S. crude futures rebounded in early Asian trade on Wednesday, buoyed by a forecast of a less than expected build in crude oil stockpiles last week, although con...
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UPDATE 9-Oil prices fall 3 pct as investors focus again on glut

* API data shows smaller-than-expected U.S. inventory build last week (Updates prices and market activity following API data, paragraphs 1-4) The article UPDATE 9-Oil prices fall 3 pct as investors f...
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