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OPEC is acting with ‘noble goal’ of rescuing the oil market, says organization’s president


The Organization of the Petroleum Exporting Countries is not artificially inflating oil prices but has instead come together with the

Hitting The Gas: Australian Offshore Gas Production


In the broader context of firm global LNG demand growth, Australian offshore gas mega-projects have been a significant feature of the offshore sector for the last decade, driving innovation (think Prelude FLNG) and yielding rapid production growth. There are also

Egypt aims for $10 bln foreign investment in oil, gas in 2018/19


Egypt aims for foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal

Britain, South Korea in talks to protect crude oil trade


Britain and South Korea are in talks to protect an arrangement of tax breaks for Korean buyers of North Sea

Question of Azerbaijan joining OPEC not on the agenda-minister


The question of Azerbaijan joining the Organization of the Petroleum Exporting Countries (OPEC) is not on the agenda and is

UK GAS-Prices rise on falling temperatures


British wholesale gas prices rose on Monday morning on forecasts of falling temperatures this week.

* The day-ahead contract was 0.50

JGC, Fluor win $14 billion LNG Canada project order – media


Japan’s JGC Corp (1963.T) and U.S. firm Fluor (FLR.N) have won orders to design and build the LNG Canada liquefied

Oil settles higher; fears of Iran sanctions end early slide

Oil prices rebounded from an early slide to finish higher and strengthen further in post-settlement trade, as investors feared

UAE says top oil producers committed to supply cuts until year end


All OPEC and non-OPEC oil producers including Russia are committed to supply cuts until the end of the year, UAE

Hedge-Fund Investors Pour Into Oil as Firms Predict Surge to $80


Hedge funds investing in oil are luring capital at the fastest pace in more than a year.

With crude climbing to

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