Grant Smith

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Tanker prices hint at receding global oil glut

Stockpiling barrels on ships would result in losses rather than bumper profits, indicating that the current surplus may not be as large as feared.

Mid-East oil urge surges as US shale pales

Opec crude oil output has risen to its highest level in almost four years but the US shale boom is showing signs of slowing.

Brent rises most in almost two weeks as Libya ports remain closed

Libyan rebels have decided to keep oil export terminals shut following the government's rejection of their demands to share revenues.

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