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Norway's Statoil could cut workforce by 2,000 OSLO: Norwegian energy firm Statoil could lay off another 2,000 employees by the end of 2016, business daily Dagens Naeringsliv (DN) said on Friday.The decision will be finalised in the near future, after discussions with the management and representatives from the unions on Thursday.According to DN, 1,500 employees will be laid off, as well as 500 hired workers.The cuts would be part of Statoil's technical efficiency programme announced in February, which targets a $1.7 billion annual cost reduction.A Statoil spokesman told Reuters that there was no basis to comment before a decision had been made.Statoil employed 22,500 workers at the end of 2014 with 19,700 based in Norway.Copyright Reuters, 2015 ...
Global LNG: Price slide resumes on weak demand MILAN: Asian spot liquefied natural gas (LNG) prices for July fell this week on continued weak demand and ample supply. The price of Asian spot cargoes slid to $7.40 per million British thermal units (mmBtu), compared with around $7.70 per mmBtu last week. There was supply availability from Russia's Sakhalin export plant, which launched a tender to sell four cargoes spread across July, August and September last week. Sakhalin was also expected to shut down ...
Oil prices drop as IEA predicts demand slowdown LONDON: Oil prices dropped Thursday as the International Energy Agency predicted that a recent surge in world crude demand was set to end.US benchmark West Texas Intermediate for delivery in July fell 58 cents to $60.85 a barrel compared with Wednesday's closing level.Brent North Sea crude for July slid 46 cents to stand at $65.24 around midday in London. World oil demand growth soared to a four-year high in the first three months of 2015, ...
Oil prices drop as IEA predicts demand slowdown LONDON: Oil prices dropped Thursday as the International Energy Agency predicted that a recent surge in world crude demand was set to end.US benchmark West Texas Intermediate for delivery in July fell 93 cents to $60.50 a barrel compared with Wednesday's closing level.Brent North Sea crude for July slid 91 cents to stand at $64.79 late afternoon in London. World oil demand growth soared to a four-year high in the first three months of 2015, ...
Oil prices slide as OPEC sits tight LONDON: World oil prices slid this week as OPEC decided against cutting its output target, while a boost for the dollar also weighed on commodities, including gold. OIL: Prices fell throughout the week on expectations that the Organization of Petroleum Exporting Countries would maintain its crude oil output ceiling, which turned out to be the case following a meeting on Friday.OPEC stuck to its strategy of preserving market share faced with cheaper competition from the ...

 





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