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Singapore : group's biggest-ever output cuts grew this week after Kuwait and Iran told customers of bigger supply curbs this month in a bid to prop up prices.
Russia shut down all gas flows to Europe through Ukraine on Wednesday and told Kiev it would restore supplies only after the latter had agreed to pay full market prices.
The dispute has cut heating to tens of thousands of households in Bulgaria and hit supplies as far west as France and Germany as Europe faced freezing mid-winter temperatures.
The bleak economic data overshadowed the intensifying Gaza conflict, which had underpinned oil prices earlier in the week.
Israeli aircraft and tanks pounded the Gaza Strip on Wednesday and troops battled Palestinian guerrillas on the ground as US backing for a proposed truce raised expectations of an end to the 12-day-old offensive.
While the conflict does not directly threaten any oil supplies, Middle East unrest can bolster prices because countries in the region pump about a third of the world's oil....
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