Tuesday 28 February 2017
 
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Oil

Oil set to stabilise at $55-$65, says Lukoil Mideast chief

Oil will stabilise around $55 to $65 a barrel as Opec (Organization of Petroleum Exporting Countries) fulfills its agreement to cut output, with stockpiles and shale production keeping prices from rising much more, said the Middle East head of R

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Global energy leaders to speak at MPGC 2017

Global energy leaders including ministers, CEOs, oil company senior management will join as speakers at the  25th Annual Middle East Petroleum & Gas Conference (MPGC 2017) to be held in Dubai, UAE, from April 30 - May 2.

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$294bn oil, gas projects underway in Mena region

Oil, gas and petrochemicals projects to the tune of about $294 billion are in the pre-execution phase across the Mena region even while concerns about global oversupply continue to suppress oil prices, a report said. Gas spending

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$294bn oil, gas projects underway in Mena region

Oil, gas and petrochemicals projects to the tune of about $294 billion are in the pre-execution phase across the Mena region even while concerns about global oversupply continue to suppress oil prices, a report said. Gas spending

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$294bn oil, gas projects underway in Mena region

Oil, gas and petrochemicals projects to the tune of about $294 billion are in the pre-execution phase across the Mena region even while concerns about global oversupply continue to suppress oil prices, a report said. Gas spending

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Iran set for fresh oil, gas fields tenders

Iran will hold fresh contracts to develop oil and natural gas fields in February, a top official said. "The plan was to hold the first tender at the end of January, but it will be held with 15 days of delay on February 15,&qu

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Masirah Oil gets new funding from Rex Oman

Rex Oman, a unit of Singapore-based Rex International Holdings, has injected $8 million into Masirah Oil Limited (MOL), the operator and 100 per cent owner of Block 50 offshore Oman’s east coast. The funding follows a subscr

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Oil surges as Opec members stick to output pledge

Oil futures edged higher on Wednesday, rebounding from the prior day’s sharp selloff on signs that major oil producers are sticking to their pledge to cut output. February West Texas Intermediate crude CLG7  rose 14 cen

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Crude oil falls 2pc from 18-month high

Oil prices dropped more than 2 percent on Wednesday from the 18-month highs hit on Tuesday as the US  dollar strengthened. Brent futures fell $1.35, or 2.4 percent, to settle at $55.47 a barrel, while US West Texas Intermedia

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Crude oil falls 2pc from 18-month high

Oil prices dropped more than 2 per cent on Wednesday from the 18-month highs hit on Tuesday as the US  dollar strengthened. Brent futures fell $1.35, or 2.4 percent, to settle at $55.47 a barrel, while US West Texas Intermedi

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