Friday 19 December 2014
 
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Supply

Oil sinks below $63 to lowest in more than 5 years

Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, dragged down by persistent concerns over a global supply glut and a sluggish demand outlook. Brent is down roughly nine per cent this week, some

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Sukuk demand-supply pipeline 'set to grow'

The potential demand and supply pipeline of sukuk is expected to grow, a new survey has found. Despite this increase, demand is still expected to outstrip supply substantially until next year, when it is predicted that supply will

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Brent edges above $78, still near 4-year low

Brent crude edged above $78 a barrel on Friday but remained close to a four-year low because of concern over excess supply and uncertainty over whether oil cartel Opec would cut production at a meeting in two weeks. Saudi Arabian

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Brent falls below $90 to near 4-year low

Brent crude futures fell below $90 a barrel on Friday, close to a four-year low, as rising supply and more grim economic news stretched a months-long slump in oil prices. US crude also slumped nearly $2 to hit its lowest since 201

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Brent falls from $93 on oversupply concerns

Brent crude futures slipped further away from $93 a barrel on Tuesday and partially erased the previous session's gains, with concerns about abundant supply outweighing the positive boost to prices from the US dollar's recent weakness.

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GE wind turbines to be used in Moroccan project

GE is set to supply 56 1.7-100 wind turbines for its first wind farm in North Africa developed by Energie Eolienne du Maroc (EEM), a  leading developer of wind projects and a wholly-owned subsidiary of Nareva Holding. The 100

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GE wind turbines to be used in Moroccan project

GE is set to supply 56 1.7-100 wind turbines for its first wind farm in North Africa developed by Energie Eolienne du Maroc (EEM), a  leading developer of wind projects and a wholly-owned subsidiary of Nareva Holding. The 100

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Oil below $100 spurs Opec fear of glut

Oil's slide below $100 a barrel adds to financial worries for the Organization of the Petroleum Exporting Countries (Opec) members, prompting some in the producer group to voice concern about too much oil in the market even if they see the

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Supply, demand shift ‘largest risk to farm sector’

The fundamentals of supply and demand are causing concern, with increased consumption in emerging market, climate change and natural disasters affecting supply, while urbanisation in emerging markets lead to a de

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Honeywell signed up for UAE refinery project

Honeywell, a leading diversified technology and manufacturing leader, said the green fuels process technology of its company UOP has been selected by Petrixo Oil & Gas to produce renewable jet and diesel at a new refinery to be built in Fuja

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