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France in talks with U.S., Israel to buy drones: minister ... North Korea fires short-range missiles for two days in a row ... U.N. chief Ban says worried over North Korea missile launch ... Netanyahu takes aim at weapons 'leakage' in Syria ... Iran hangs two spies working for Israel and U.S.: report ... Danger and separation from families changing job of U.S. diplomats ... India's weakened Congress wondering if early elections will help ... Upmarket Pakistan district votes again as Imran Khan decries killing ... North Korea fires three short-range missiles ... Investigators examine fractured rail in Connecticut train crash ... Republican cites IRS scandal in close Virginia governor's race ... Thirteen killed, 10 police kidnapped in Iraq violence ... Investigators seek cause of New York commuter train crash ... North Korea fires three short-range missiles ... Rome protest turns up heat on new PM Letta ... Enraged by kidnapping, Egyptian police block Gaza border ... Germany's Merkel visits Pope, urges tougher market controls ... Bernanke upbeat on innovation outlook in commencement address ... Police clash with youth in Cairo after anti-Mursi protest ... Afghan parliament fails to pass divisive women's law ... U.S. chides Russia over missiles as peace plans suffer ... France's Hollande signs gay marriage law ... Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations ... IRS chief declines to identify employees involved in scandal ... Train derails in Connecticut, at least 20 people hurt ...
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CHINA CONTINUES TO DRIVE GLOBAL OIL DEMAND, OPEC SAYS


May 11, 2013
The OPEC Reference Basket dropped for the second-consecutive month in April, declining by $5.39 or more than 5% to stand at $101.05/b. Year-to-date, the Basket declined by $10.22 or 8.7% from the same period last year. Crude oil futures took a substantial hit again in April, with Brent falling 5.6% to July 2012 levels with a monthly average of around $103/b. Nymex WTI edged 1% lower to average $92/b. A vulnerable global economy combined with the prospect of moderate demand growth, rising crude production, a ... Read More
 
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24th Sept. 2013 (Dubai)
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