Chiefs agree on oil prices
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THE Group of 20 finance chiefs agreed yesterday that &quot;abrupt changes&quot; in foreign exchange rates and oil prices were unwelcome but showed no appetite for intervention to strengthen the US currency.
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OPEC vowed Sunday to do what it can to deflate record high oil prices that have soared above $53 a barrel, and top exporter Saudi Arabia promised to keep the world supplied with as much oil as it needs.
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Oil company and US regulators reach deal over 2005 Texas City refinery explosion, last year's Alaska oil spill and a propane price-fixing scandal.
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WASHINGTON -- Saudi Arabia's ambassador to the United States said yesterday his country is working for a stable and acceptable price of oil and is concerned with poor countries unable to afford oil at $70 per barrel.
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OPEC vowed Sunday to do what it can  to deflate record high oil prices that have soared above $53 a  barrel, and top exporter Saudi Arabia promised to keep the  world supplied with as much oil as it needs.
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JAKARTA, Indonesia -- The Organization of Petroleum Exporting Countries wants oil prices that traded near $50 a barrel last week before retreating this week to fall faster, and will discuss whether to increase production at a meeting next month, the
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Ministers of the Organisation of Petroleum Exporting Countries expect oil prices to rise this week as they plan to demonstrate that they are serious about implementing
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An agreement has been reached to lend 1.7 million barrels of oil from the government&#39;s Strategic Petroleum Reserve to two companies whose refineries were running short of crude
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President George W. Bush said on Tuesday oil prices were "very high" and tough for the U.S. economy to bear. He said he would discuss the issue with the king of OPEC powerhouse Saudi Arabia. Oil prices are around $95 a barrel.
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By Edmund Blair and Barbara Lewis CAIRO  - OPEC oil producers on Friday agreed to stamp out excess supply that has lowered world prices from record highs.
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The Organisation of the Petroleum Exporting Countries agreed yesterday to cut the supply of oil to world markets and defend higher prices in spite of concern about
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WASHINGTON -- Oil prices settled above $60 a barrel yesterday on expectations that OPEC would soon cut its output, though a representative of Saudi Arabia denied there was a deal to reduce production.
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Oil steadied near $66 a barrel on   Tuesday, with bargain-hunting traders ending a six-day retreat   after Iran sounded a softer note on its atomic programme and   OPEC agreed to keep production steady for now.
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Kuwaiti Energy Minister Sheikh Ali Jarrah al-Sabah has said that OPEC countries were &quot;satisfied&quot; with the current price of oil but were concerned about stocks.
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Business & money: Oil giant agrees to withhold Â£1.5m owed to former chief executive while a court case is resolved.
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OPEC producers agreed Sunday to keep  output limits on hold, convinced that oil prices near $50 a  barrel are not stifling world growth.
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OPEC oil ministers yesterday backed steps to end overproduction when members of the oil cartel meet in Cairo today. Saudi Arabia and others were authorised to open the taps in August as