After such a slow 2005 for Chinese oil demand an acceleration in growth looks highly likely in 2006 and this will exert further pressure on oil supply and prices.
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The statement fell short of an outright denial, leaving market fears free to grow.Kevin Norrish
News that four foreign oil workers held hostage by Nigerian militants have been released (was) helping prices to ease back a bit.
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The strikes may further constrain Europe's already limited ability to export product across the Atlantic.
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This couldn't happen at a worse time.
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Nigeria remains the key short-term issue for us. In particular, the continuing erosion of the control of central government over the Niger Delta.
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