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Iran October oil exports hold near 5-year, pre-sanctions level high

  Reuters Iran’s October crude and condensate exports are set to hold near five-year highs hit in September, a source with knowledge of its preliminary tanker schedule said, reflecting Tehran’s success in boosting shipments after Western sanctions were lifted. The No. 3 OPEC producer is producing around 4.5 million barrels per day (bpd) of crude and ultra light oil condensate, ...

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Oil gains above $50 amid OPEC output cut plans

  Bloomberg Oil rose as the dollar weakened, edging back above the $50 level where prices have hovered since rallying on OPEC’s decision to cut output last month. West Texas Intermediate futures advanced 1 percent in New York, erasing Monday’s 0.8 percent slide. The dollar sank, increasing the appeal of commodities denominated in the currency, on speculation that a pick-up ...

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Egypt to raise additional $6bn required for IMF deal soon

  Bloomberg Egyptian Finance Minister Amr El Garhy said his country would gather an additional $6 billion in bilateral funding required to secure a $12 billion International Monetary Fund loan within one or two weeks. The IMF in August agreed in principle to grant Egypt a $12 billion, three-year loan facility to support a government reform programme aimed at plugging ...

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