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Oil saving win-win drives Saudi solar boomA slide in solar power costs and a surge in oil prices over the last few years has made solar power a win-win strategy for Saudi Arabia: saving billions of dollars of crude for export while making electricity at less than half the cost, said exp More… |
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Oil hits three-week lowOil fell to a three-week low near $101 a barrel on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand and on worries about an early scale-back in US Federal Reserve stimulu More… |
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Oil slips towards $103 on US demand worriesBrent crude oil dropped towards $103 per barrel on Wednesday after data showing a surprise jump in US gasoline stockpiles sparked worries that summer demand in the world's top oil consumer could be weaker than expected. The Am More… |
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Qatar sets up $1bn energy infrastructure fundThree Qatari state-backed entities, including the Gulf nation's acquisitive sovereign wealth fund, are setting up a $1 billion fund to invest in overseas energy infrastructure assets. The new fund will be run by Qatar Holding, More… |
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Bahrain real GDP grows 3.9pc in 2012Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9 per cent growth seen in 2011, according to a new report. Even as the oil sector shrank by around 8.5 per cent in 201 More… |
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Kuwait replaces top oil sector officialsState-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co over a scrapped plastic More… |
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Harris Pye opens Dubai officeHarris Pye, a specialist in the provision of repairs, upgrades and conversions to the marine, offshore oil and gas sector, has opened its brand new office at Jumeirah Lakes Towers in Dubai. The company was established to centraliz More… |
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EOR 'will anchor oil prices below $100'Enhanced oil recovery (EOR) techniques could boost US domestic oil production by 4 million barrels per day for 50 years, while storing all the emissions from 93 large coal-fired power plants, at a More… |
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Japan-Taiwan venture wins Qatar dealQatar has awarded a contract to build the $1.5 billion Laffan 2 refinery to a joint venture of Japan's Chiyoda Corporation and Taiwan's CTCI Corporation, state-run Qatargas said on Tuesday More… |
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Firm dollar hits oil, gold, sharesOil and gold prices fell on Monday as the dollar strengthened, dragging Asian shares lower, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/2-year low against the US currency. Investors remaine More… |
