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Showing posts with the label December 18

Austria's OMV latest to join international firms developing Abu Dhabi's strategic gas fields

Austria's OMV latest to join international firms developing Abu Dhabi's strategic gas fields https://cnb.cx/2rISr4W Austria's OMV is the latest firm to join an international cluster of energy multinationals helping the United Arab Emirates (UAE) in its push toward gas self-sufficiency. https://ift.tt/2PddWW7 December 18, 2018 at 11:19PM Energy https://cnb.cx/2KU3Ztw

US oil prices climb after tumble, but oversupply worries drag

US oil prices climb after tumble, but oversupply worries drag https://cnb.cx/2GuSVpH U.S. oil prices rose on Wednesday to claw back part of their more than 5 percent losses from the previous session, with worries about oversupply and a slowing global economy keeping markets under pressure. https://ift.tt/2PddWW7 December 18, 2018 at 04:32PM Energy https://cnb.cx/2KU3Ztw

'The only way is down': Oil's slump could get much worse amid oversupply concerns, analysts say

'The only way is down': Oil's slump could get much worse amid oversupply concerns, analysts say https://cnb.cx/2QDChc7 Oil prices are likely to fall even further over the coming weeks, analysts told CNBC Tuesday, as a sharp sell-off in global equities combines with intensifying fears about a market that could soon to be awash with crude. https://ift.tt/2PddWW7 December 18, 2018 at 06:10AM Energy https://cnb.cx/2KU3Ztw

Libya's biggest oil field is being held hostage, but even that won't boost prices

Libya's biggest oil field is being held hostage, but even that won't boost prices https://cnb.cx/2LolcNx Libya's state-owned National Oil Company declared force majeure on operations at its biggest oilfield late Monday night amid a standoff with armed protesters, expecting a loss of 315,000 barrels per day for the OPEC member. https://ift.tt/2PddWW7 December 18, 2018 at 05:48AM Energy https://cnb.cx/2KU3Ztw

Saudi Arabia's new budget will boost spending and continue royal handouts — even as oil prices drop

Saudi Arabia's new budget will boost spending and continue royal handouts — even as oil prices drop https://cnb.cx/2EqXaA1 Riyadh is set to increase spending and even as it tries to close its budget deficit in a bid to boost slow growth and shore up popular support after months of controversy, analysts believe. https://ift.tt/2PddWW7 December 18, 2018 at 03:53AM Energy https://cnb.cx/2KU3Ztw