Wednesday , July 18 2018

Tag Archives: oil

rich in more than oil – … but what if the greens don’t come back?

In years and years we researchers were close to them. Day after day, month after month. And how could one not, when meeting creatures fascinating enough to have met with the dinosaurs and complex enough to call two elements their home: sandy beaches and sea. Travelers of the seas and …

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Global glut to temper oil price gains this year: poll – Brent seen averaging $56.40 in 2017 and $64.30 in 2018

LONDON, May 31, (RTRS): Global oversupply in crude oil is likely to limit price gains this year despite a series of unplanned outages and shrinking US shale production, a Reuters poll showed on Tuesday. Wildfires in Canada, political unrest in Venezuela and supply disruptions in Nigeria and Libya have wiped …

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Kuwait plans $115bn oil spend

KUWAIT CITY, May 29, (AFP): Kuwait has earmarked 34.5 billion dinars ($115 billion) to spend on oil projects over the next five years, despite the slump in oil prices, a senior executive said Sunday. “We have earmarked 34.5 billion dinars for spending on oil projects over the next five years,” …

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Oil faces struggle to keep above $50, as OPEC looms – ‘Higher prices could unlock more supply’

LONDON, May 28, (AFP): World oil prices may struggle to sustain a push beyond $50 a barrel after hitting the key level for the first time this year, analysts warned Friday. Crude futures topped $50 a barrel on Thursday, as production disruptions in Canada contribute to a drop in US crude …

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Gas producers in need of cash too for investments – Real challenge for Gulf is cutting manpower

The fall in oil prices since 2014 negatively impacted the financial condition of not only the oil companies but also the gas producers in the same way. Both are hungry for profitability and cash — profitability to satisfy the shareholders’ returns and cash to invest and increase profits. Both are …

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$50 oil shouldn’t pose major threat to consumers, economy – Analysts say crude oil prices could rise further

NEW YORK, May 27, (AP): The price of oil topped $50 a barrel this week for the first time since July, delivering a cash infusion to oil producers and a lift to beaten-down energy stocks. Yet the arrival of higher energy prices isn’t necessarily bad news for consumers — at …

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After oil collapse, India’s remittances from Gulf dip – Job losses soar

NEW DELHI, May 25, (RTRS): Having quit his low-paid job with a contractor in Qatar, electrician Kurian Joseph scrabbles for work each day in his hometown in Kerala, a southwestern state that has one of India’s highest unemployment rates. He’s a casualty of the global oil price collapse. Stories like …

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Kuwait oil at $40 a barrel … what’s next for the economy? – Time running out of govt to ‘improvise’

Last week, the price of Kuwait’s export crude oil reached $40 per barrel in Mina Ahmadi for the first time after the Brent crude oil reached its highest level of $47 more than a year ago. Oil prices are going to stabilize and hit the $50 level hopefully by the …

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Kuwait oil up

Kuwait oil price went up 61 cents on Thursday, reaching USD 39.46 per barrel (pb) against USD 38.85 pb last Wednesday, Kuwait Petroleum Corporation (KPC) said Friday. In international markets, oil prices also jumped associated with investors’ worries over shortage of supplies on the short term following Canada wildfires in …

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Kuwait, Saudis struggle to restart Khafji oilfield

DUBAI/RIYADH, April 26, (RTRS): Kuwait and Saudi Arabia appear no closer to restarting their jointly operated Khafji oilfield, industry sources said, despite Kuwait saying the sides had agreed to ramp up output after an 18-month shutdown. Any delay in the restart of the Neutral Zone field that produced 280,000 to …

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