Thursday 27 November 2014
 
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Oil

Saudi, UAE signal no push for Opec oil cut

Opec leader Saudi Arabia and fellow member, the UAE signalled on Wednesday they were unlikely to push for a major change in oil output at the group's meeting this week to prop up prices that have collapsed by a third since June.

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Saudi Arabia sees oil market 'stabilising itself'

Opec leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut and threatened to unleash an oi

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Oil drops near $78 as Opec hopes curb losses

Oil prices dropped early on Wednesday as Asia's top economies showed signs of weakness, but hopes for output cuts by producer club Opec curbed losses Benchmark Brent crude oil futures were trading down 20 cents at $78.13 a bar

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Petrofac eyes $500m net profit in 2015

Oil and gas services firm Petrofac said it expected net profit in 2015 to be around $500 million, citing lower oil price environment, change in project timings and a settlement related to its project in Shetland, Scotland. Petrofa

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Petrofac eyes $500m net profit in 2015

Oil and gas services firm Petrofac said it expected net profit in 2015 to be around $500 million, citing lower oil price environment, change in project timings and a settlement related to its project in Shetland, Scotland. Petrofa

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Magnomatics in licensing deal with Zilift

Magnomatics, a magnetic transmissions and ultra-compact motor company, has signed an exclusive licensing deal with Zilift, a leading developer of permanent magnet technologies for innovative artificial lift applications in the oil and gas indust

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Magnomatics in licensing deal with Zilift

Magnomatics, a magnetic transmissions and ultra-compact motor company, has signed an exclusive licensing deal with Zilift, a leading developer of permanent magnet technologies for innovative artificial lift applications in the oil and gas indust

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Oil price seen falling to $60 if Opec does not cut output

Oil prices could plunge to $60 a barrel if the Organisation of Petroleum Exporting Countires (Opec) does not agree a significant output cut when it meets in Vienna, market players say.   Brent crude futures have

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Iran Parliament suggests $75-80 barrel oil price for budget

Iran's parliament recommends basing next year's budget on an oil price of $75-80 a barrel, a senior lawmaker was reported as saying, down from $100 in the 2014 budget plan.   "It seems the trend of d

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Oil rises to $81 on China rate cut, possible Opec move

Brent crude oil rose to near $81 a barrel on Friday after China cut interest rates and on speculation that Opec could agree next week to reduce oil production. China's central bank cut its benchmark interest rates for the firs

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