More candidates emerge for top OPEC post
OPEC secretary general post comes up in 2013; Ecuador nominates candidate, Iran plans to do so; Tight OPEC meeting agenda gives little time for talks
May 31, 2012 11:33-
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No offers on oil block 11 in Iraq energy bids-government
No companies put in offers for oil Block 11 in Iraq's new energy bidding round, the oil ministry said on Wednesday.
May 30, 2012 5:37 -
Oil falls on Spain, China worries
Brent on track for biggest monthly loss in 2 yrs; Losses trimmed after European Commission recommendations; Risk aversion grips markets as fears on Spanish banks mount; Hopes fade for China stimulus package; Coming up: API weekly inventory data; 2030 GMT
May 30, 2012 5:37
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Brent oil falls to lowest since December
Brent crude oil futures extended losses on Wednesday, reaching their lowest since December on worries about the future of Spain's banks and dimming prospects of Chinese stimulus measures.
May 30, 2012 5:25 -
Egypt’s Sewedy first quarter net profit drops 43.8 percent
- Egypt's El Sewedy Electric , the Arab world's biggest listed cable maker, said its consolidated first quarter net profit declined 43.8 percent, the stock exchange said on Wednesday.
May 30, 2012 5:23 -
Iraqi exports at 2.4 million barrels per day in May – SOMO
Oil exports low compared with an average of 2.508 million bpd for April, the State Oil Marketing Organisation said on Wednesday.
May 30, 2012 1:39
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Asia Naphtha-ADNOC keeps high offers on lower supply
Abu Dhabi National Oil Co (ADNOC) is determined to sell its term naphtha at record high premiums due to lower supplies even though demand for the products is weak, traders said on Wednesday.
May 30, 2012 1:33 -
Japan’s Iran crude imports dive in April
Iran crude imports fell 6.3 pct yr/yr in March; Japan oil buyers braced for EU ban from July; More closely-watched METI oil data due on Thursday
May 30, 2012 1:32 -
BP to resume operations in Libya
Shell to quit fields but says not leaving Libya; BP's Libya role triggered earlier political row over Megrahi; BP says security situation "manageable"
May 30, 2012 1:27
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UN agency plans major warning on Flame virus risk
UN agency official says most serious warning ever; Says Flame could possibly attack critical infrastructure; UN agency to issue confidential warning to governments; Some industry observers skeptical about implied dange; Trend Micro says IXESHE virus attacked Asian governments
May 30, 2012 1:23 -
Brent crude ends lower on Spanish credit woes
Brent July crude fell 43 cents, or 0.40 percent, to settle at $106.68 a barrel, having traded from $106.06 to $107.95.
May 30, 2012 1:21 -
U.S. crude ends lower as Spain rating cut pressures
U.S. July crude fell 10 cents, or 0.11 percent, to settle at $90.76 a barrel, having traded from $90.25 to $92.21.
May 30, 2012 1:19
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BP resuming operations in Libya – NOC
BP will return to Libya to resume oil and gas exploration work, which it halted last year due to the uprising against Muammar Gaddafi's rule, Libya's state oil company NOC said.
May 30, 2012 12:39 -
Egypt’s OCI says to get $605 million from Gavilon sale
The deal is part of a $3.6 billion takeover by Marubeni of Gavilon, whose other owners include billionaire investor George Soros and hedge fund manager Dwight Anderson.
May 29, 2012 6:24 -
Iran says sanctions threat jeopardises nuclear talks
Fresh U.S. sanctions due on June 28; EU states to impose oil shipment ban in July; Iran wants sanctions lifted as goodwill gesture
May 29, 2012 6:22
