Tuesday 27 January 2015
 
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Oil

Aramco to renegotiate contracts; put off projects

Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, the head of Saudi Arabia's state oil company said on Tuesday. "We will have to adjust to the realities of today, we will p

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Oil falls after Greek election sends euro tumbling

Oil slid in early Asian trade on Monday, with US crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar. Greece&#

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New Saudi king ‘holding line on Opec policy’

Saudi Arabia's new king is expected to continue a policy of keeping oil output steady to drive out rival producers, though the royal succession has focused market attention on the future of the kingdom's long-serving oil minister.

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Oil jumps as Saudi king's death feeds uncertainty

Oil prices jumped in Asian trading today (January 23) as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades. Abdullah died early on Fri

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Oil export losses to reach $300 billion in Middle East

Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices, the International Monetary Fund

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Deep Casing Tools opens branch office in Dubai

Deep Casing Tools, a leading oil and gas services firm headquartered in Aberdeen (UK), said it has established its new branch office in the Jebel Ali Free Zone (Jafza) area in Dubai, UAE. Local sales and operational services have

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Deep Casing Tools opens branch office in Dubai

Deep Casing Tools, a leading oil and gas services firm headquartered in Aberdeen (UK), said it has established its new branch office in the Jebel Ali Free Zone (Jafza) area in Dubai, UAE. Local sales and operational services have

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Eni CEO urges Opec to act now

The head of Italian energy company Eni Spa urged Opec on Wednesday to act to restore stability in oil prices, which he warned could overshoot to $200 per barrel several years down the road because of low investment now. Claudio De

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Falling oil to cost GCC $300 billion this year

Losses from lower oil exports should sap up to $300 billion from economies of the Gulf Cooperation Council, the International Monetary Fund said on Wednesday. The losses are likely to reach 21 percentage points of gross domestic p

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Falling oil to cost GCC $300 billion this year

Losses from lower oil exports should sap up to $300 billion from economies of the Gulf Cooperation Council, the International Monetary Fund said on Wednesday. The losses are likely to reach 21 percentage points of gross domestic p

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