Tuesday 21 October 2014
 
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Oil edges above $85 as China demand rises

Brent edged up on Tuesday, holding above $85 a barrel as robust China oil demand supported prices, although gains were capped by oversupply and lingering fears of a weak global economy. Implied oil demand at the world's largest energy consumer jumped 6.2 per cent in September

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Total CEO killed in Moscow business jet accident

The chief executive of French oil major Total, Christophe de Margerie, was killed when a business jet collided with a snow plough during takeoff at Moscow's Vnukovo International Airport, the company and airport officials said. The collision occurred late on Monday, just minu

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Zayed Future Energy Prize winners selected

The Zayed Future Energy Prize jury has selected the winners of the 2015 awards in the final phase of the four-stage evaluation process and the names will be announced at a special awards ceremony on January 19, 2015. The awardees will be honoured at the event held as part of the

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Ras Laffan terminal marks 5,000th loading

Qatargas has achieved yet another significant milestone with Ras Laffan Terminal Operations (RLTO) celebrating the loading of its 5,000th cargo on October 13, the equivalent of more than two billion barrels of product.  The 5,000th cargo also marks the first cargo of ultra-low Sul

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Iraq proposes to split Basra Light crude into two grades

Iraq's State Oil Marketing Organisation (Somo) has proposed splitting its Basra Light crude supply into two grades and has requested feedback from buyers in Asia, trade sources said.   The second largest Opec producer plans to offer two grades of crude - lig

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Saudi-Kuwait oilfield halt hits Asia crude supplies

Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been halted temporarily to comply with environmental rules, according to an industry source familiar with Saudi policy and an internal letter seen by Reuters.   It ad

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Saudi's Yansab Q3 net profit falls 20pc as sales drop

Saudi Arabia's Yanbu National Petrochemical (Yansab) reported a 20.1 per cent drop in third-quarter net profit, in line with analysts' estimates, as sales volumes declined.   The firm, a subsidiary of Saudi Basic Industries Corp (Sabic), made a net profi

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Saudi August oil exports fall to lowest in three years

Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years, official data showed, as the top oil exporter fights for market share amid weak demand and ample supplies from rival producers.   Saudi crude expo

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Polymer developments for pipeline industry in focus

New advances in polymer lining systems are emerging as a credible and cost effective alternative to traditional corrosion resistant alloys (CRA), according to recent developments. Swagelining Limited, a leader in the design and installation of polymer linings for pipeline and ris

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Saudi August oil exports lowest in three years

Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years, official data showed on Monday, as the top oil exporter fights for market share amid weak demand and ample supplies from rival producers. Saudi crude exports have been sliding

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