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Added on the 20/02/2019 17:54:54 - Copyright : Wochit
Huge overhang from the past two years could be dampening oil price recovery, according to the International Energy Agency. Fred Katayama reports.
Oil prices have jumped again as a huge wildfire in Canada's oil sand region knocked out over a million barrels in daily production capacity. As Hayley Platt reports, a government reshuffle in Saudi Arabia is also being closely watched.
Oil prices surge after raging wildfire hit Canada's oil sands region, cutting as much as one-third of the country's daily crude capacity.
An oil price surge after a breakdown in diplomatic ties between Saudi Arabia and Iran was short-lived due to weak economic data from some of Asia's largest economies. But as Grace Pascoe reports there are concerns the dispute could have an impact on the global economy.
After a slide in crude prices on Wednesday's US stockpiles data, a push for a breakthrough in Iran's nuclear talks raises the prospect of even more supply hitting markets. Hayley Platt reports.
China’s largest oil and gas producer PetroChina reported a massive 82 percent fall in first quarter profits due to lower global oil prices. Meg Teckman reports.
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