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Oil Slides After Massive Rig Count Gain

Oil prices slided on Friday…

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The Rebound Is Here: Megaprojects Back On The Table

The global investment cycle will…

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Global Energy Advisory – 20th January 2017

The inauguration of Donald Trump…

News

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IMF Slashes Saudi Growth Outlook On Oil Output Cuts

Jan 16, 2017 at 17:42 | Damir Kaletovic

The OPEC oil production cuts have led the International Monetary Fund (IMF) to slash its growth outlook for Saudi Arabia, forecasting 0.4 percent growth in this year compared with…

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Nigerian Oil Will Lose Relevance In 20 Years, Says Vice-President

Jan 16, 2017 at 17:11 | Damir Kaletovic

Nigeria’s Vice-President has warned that the country’s oil won’t be nearly as valuable within a couple of decades, as its top clients work towards alternative means of power. “America…

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Venezuela To Propose New Deal ‘To Fix’ The Oil Markets

Jan 16, 2017 at 15:04 | Tsvetana Paraskova

Recession-struck Venezuela will send a new proposal to OPEC and non-OPEC producers to try to stabilize crude oil prices, Venezuelan President Nicolas Maduro said on Sunday. “Venezuela, as of next…

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Saudi-Led Coalition, Houthis Clash Near Major Oil Passage

Jan 16, 2017 at 13:21 | Irina Slav

Forces of the Saudi-led coalition against the Houthi rebels in Yemen and the rebel group are fighting in the southwestern Yemeni region of Bab el-Mandeb, a vital passage for around…

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Syrian Airforce Strikes Back At IS After Major Attack

Jan 16, 2017 at 12:18 | Irina Slav

A Saturday missile attack by the Islamic State against the eastern Syrian city of Deir ez-Zour was followed by an air strike by the Syrian military, the clash resulting…

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Iran’s Oil, Gas Revenues To Hit $41B In 2016/17

Jan 16, 2017 at 09:51 | Tsvetana Paraskova

Iran’s crude oil and condensate revenues are expected to reach US$41 billion in the country’s current fiscal year ending on 20 March 2017, Oil Minister Bijan Zanganeh said on Monday.…

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As Oil Crunch Bites, Nigeria Chooses China’s $40B Over Taiwan

Jan 13, 2017 at 16:54 | Damir Kaletovic

After China pledged US$40 billion in investments and projects in Nigeria, Taiwan has been ordered to move its representative office from the capital Abuja to Lagos, the commercial hub.…

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US Set To Revoke Some Oil-Related Sanctions Against Sudan

Jan 13, 2017 at 16:43 | Tsvetana Paraskova

Outgoing U.S. President Barack Obama issued an executive order on Friday that would lift certain trade and oil-related sanctions against Sudan in six months’ time, due to “Sudan’s positive…

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Ukraine Pays 20% More For EU Gas Than It Would Have Paid To Russia

Jan 13, 2017 at 16:32 | Tsvetana Paraskova

France’s energy group Engie started direct gas deliveries to Ukraine at the beginning of January, and Kiev is paying 20 percent more for the EU gas than it would have…

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Russia’s Reserve Fund Can Stay At Current Level At $50 Per Barrel

Jan 13, 2017 at 15:33 | Irina Slav

Russia’s Economy Minister Anton Siluanov said that the country’s Reserve Fund could be maintained this year at international oil price levels of US$50 a barrel. The Reserve Fund is…

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