Oil price has dropped to record low as Iran’s crude output hits record highs

Oil prices have fallen below $50 per barrel for the first time in nearly three months, as Iranian crude output soared.The global benchmark fell below $52.60 per barrel in London and was around $50.80 a barrel on Friday in New York.The Organization of Petroleum Exporting Countries (OPEC) has set the price for its key oil-producing […]

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BHP Billiton announces $1bn bid for BHP futures

BHP Capital Markets has announced a $1.6bn bid to buy BHP’s futures for the first time.The bid, which is subject to regulatory approval, is part of a larger $1 billion takeover plan for the oil giant.The Australian company said it was confident of securing the necessary regulatory approvals.The company said the $1,000-a-share bid was contingent […]

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