Iraq's oil exports near record levels before decisive OPEC meeting

Oil exports from southern Iraq have increased by 150,000 barrels per day in November and are now approaching record levels, reports Reuters. OPEC's second-largest oil producer is balancing with lower production in the north.

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Trafigura CEO: Continued oversupply on the oil market

2017 has been a year characterized by continued oversupply on the market for oil and oil products, says Trafigura's CEO in relation to the commodity trader's annual report. But the situation already looks brighter starting next year.

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