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HuaweiCrude oil futures fell on W ednesday, as U.S. crude inventories soared to their highest level in more than 20 years after rising for the sixth straight week last week and employment dipped in the United States and Europe, dimming the outlook for oil demand.
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LONDON — Oil prices fell to below $106 a barrel Wednesday after a report showed U.S. crude supplies grew for a sixth week while gasoline inventories fell.
Oil and gas producer Devon Energy Corp posted a lower-than-expected quarterly profit as a drop in natural gas prices offset higher production.
Oil prices hovered near $106 a barrel Wednesday in Asia after a report showed U.S. crude supplies grew for a sixth week while gasoline inventories fell.
LONDON - Oil eased on Tuesday to trade under $119 a barrel due to worries that a sluggish economic recovery in Western economies together with below-expectations Chinese manufacturing data, could depress demand for fuel.
Oil prices edged lower in Asia , with investors fretting over stuttering growth in the US as political and economic uncertainty in the eurozone weighed, analysts said.
Dana Gas held its 2011 Annual General Meeting (AGM) on Thursday, chaired by the company’s honorary Chairman Shaikh Ahmed bin Sultan Al Qasimi.
Oil prices dipped below $120 a barrel on Friday on renewed fears about the state of the debt-ravaged eurozone economies following a downgrade of Spain’s credit rating.
Dubai Electricity and Water Authority, or Dewa, is implementing a robust strategy to develop renewable energy projects to reduce its carbon footprint, based on its vision to be a sustainable world class utility.
Israel, aiming to avoid further damage to its troubled ties with Cairo, said on Monday it saw the Egyptian termination of a deal to supply Israel with natural gas as part of a business rather than a diplomatic dispute.