Saturday 30 May 2015
 
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Oil

Saudi goes on refinery hiring spree in South Korea

Saudi Arabia's state oil firm is on a hiring spree in South Korea, as the world's top crude exporter seeks engineers to run plants in its soaring refining sector - setting it on course to compete with some Asian countries that are big oi

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Saudi goes on refinery hiring spree in South Korea

Saudi Arabia's state oil firm is on a hiring spree in South Korea, as the world's top crude exporter seeks engineers to run plants in its soaring refining sector - setting it on course to compete with some Asian countries that are big oi

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Oman to build refinery, petchem plant in Indonesia

Oman has committed to invest $7 billion to build oil storage facilities, a petrochemical plant and a refinery in Indonesia, an Indonesian minister said on Thursday. Oman also agreed to supply crude oil to the former Opec member bu

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June Opec meeting 'won't cut output'

Opec is not expected to cut oil production at its meeting in June, and the meeting is expected to be a short one, Saudi Arabia's Al Hayat newspaper quoted an unnamed Opec source as saying on Thursday. Saudi Arabia will continu

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June Opec meeting 'won't cut output'

Opec is not expected to cut oil production at its meeting in June, and the meeting is expected to be a short one, Saudi Arabia's Al Hayat newspaper quoted an unnamed Opec source as saying on Thursday. Saudi Arabia will continu

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GCC NOCs uniquely positioned to face oil price challenges

The depressed oil prices predominant since late last year could herald a lasting trend if, as evidence suggests, we are now facing the low-price segment of an oil ‘super cycle’, according to the latest paper from global strategy an

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Return of crude/dollar trade fuels oil market dilemma ahead of Opec

A once-popular pair trade pitting the US dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet.  

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Iran to raise oil output capacity by 170,000 bpd from new fields by March 2016

Iran plans to raise its oil output capacity by 170,000 barrels per day by end of the current Iranian year, which ends on March 20, 2016, the official Irna news agency cited an Iranian oil official as saying.   So

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Oman keeps investing in diversification

Oman's government has responded to low oil prices by cutting spending on defence and subsidies while continuing to invest in diversifying the economy, official figures showed on Tuesday. The plunge of crude prices since last y

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Oil prices steady but ‘rally running out of steam’

Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam. Robust demand in Asia as well

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