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Disruption fears, Chinese stockpiling keeping oil prices off lows

The US Energy Information Administration (EIA) estimates that, excluding Iran, members of the Organization of the Petroleum Exporting Countries (Opec) saw net oil export revenues tumble to US$730 billion in 2014 from US$824 billion in 2013.


MIDDLE EASTERN conflicts and China's purchases for its strategic oil stockpile have so far defied bearish energy analyst and traders' predictions.

Chaos in the Middle East, especially Saudi Arabia's bombing of Yemen on its southern borders, have sharpened the focus of both...

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