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Oil prices seen under pressure as Paris attacks spark demand worries LONDON: Prices of oil and other commodities will come under renewed pressure on Monday on fears that Friday night's deadly attacks on Paris will further slow the global economy. Oil is already trading near its six-year lows and healthy demand has been a major factor preventing the prices from sliding any lower amid a worsening global oil glut due to abundant supplies. At least 129 people were killed on Friday evening in a series of coordinated attacks on Paris with Islamist militants claiming responsibility for the carnage. "Currently sentiment is really bearish, so this could be seen as hurting demand, so oil prices could fall further," said Amrita Sen from Energy Aspects. Sen added that a short-term sell-off could, however, be followed in the mid-term by a rally if people think events in Paris could lead to a serious escalation of tensions in the Middle East. Analysts from Eurasia Group ...

Total says expects Yamal LNG to get funding by year-end MOSCOW: Total expects its Yamal LNG project to receive funding by the end of 2015, RIA news agency quoted a vice president of Total as saying on Friday. Total is joint developing the project with Russia's No.2 gas producer Novatek.Copyright Reuters, 2015 ...
Enel sticks to guidance ahead of green merger MILAN: Italy's biggest utility, Enel , posted a 12 percent rise in core earnings for the third quarter on Friday and beat forecasts, as it prepares to merge with renewable energy subsidiary Enel Green Power. Improved business in Latin America, Spain and Eastern Europe in the third quarter offset a decline in Italy and a drop in renewable operations mainly due to lower hydroelectric production, the state-controlled company said. A combination of weak demand, low ...
Oil stages modest rebound on demand outlook LONDON: World oil prices rose on Friday, rebounding slightly from the previous day's sharp losses, after the International Energy Agency forecast sustained demand.At about 1230 GMT, US benchmark West Texas Intermediate for delivery in December was up 38 cents at $42.13 a barrel.Brent North Sea crude for December won 58 cents to stand at $44.64 a barrel in London midday deals compared with Thursday's close.Crude futures had plunged Thursday to two-month lows as the weekly ...
Coal subsidised with 10bn euros a year in EU BERLIN: EU states are subsidising climate-harming coal to the tune of 10 billion euros ($10.7 billion) a year, according to a German study due to be released next week.In Germany alone, the coal sector receives 3.7 billion euros of public money annually, according to the study by think tank the Heinrich Boell Foundation and environmental group Friends of the Earth, which gave excerpts to AFP.The two groups calculated that between 1990 and 2007, some 200 ...
Oil steadies on gasoline demand, technical buying LONDON: Oil prices steadied on Thursday at around $46 per barrel, as demand for gasoline and technical buying after a sharp fall the previous day offset worries about a large global supply glut. Brent crude futures were $45.83 by 1039 GMT, up 2 cents following a 3.4 percent fall on Wednesday. Gasoline margins in Europe have tripled since mid-October as low prices boosted consumption. Demand is also strong in the United States, where gasoline importers ...
Iran eyes 2016 oil output at 4.3mn bpd MOSCOW: Iran hopes to reach oil production of 4.3 million barrels per day (bpd) in 2016 once the lifting of international sanctions takes effect, Iranian Deputy Energy minister Houshang Falahatian told Reuters in Moscow on Thursday. He was part if Iranian delegations, which is taking part in an intergovernmental meetings in Russia. He said that 1.8 million barrels per day will be available for domestic consumption in 2016, while the rest will be exported. The ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
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Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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