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Oil rebounds on geopolitical tensions after Paris attacks LONDON: Oil prices climbed on Monday on geopolitical tensions sparked by the deadly terror attacks in Paris, but analysts said a global crude supply glut is likely to restrict the gains.At about 1230 GMT, US benchmark West Texas Intermediate for delivery in December was up 91 cents at $41.65 a barrel. Brent North Sea crude for January delivery won 54 cents to $45.01 a barrel."Price increases fuelled by geopolitical tensions will only be for the short term," said Phillip Futures analyst Daniel Ang."For the longer term, the main driver for prices will be global supply and demand, and with the glut it would be a bit more difficult for prices to move up a lot further," he told AFP.Ang said Monday's uptick was helped by bargain-hunting after prices dropped to two-month lows Friday following data showing commercial crude stockpiles in developed nations had risen to record highs.But a strong dollar ...

Political tensions lift oil after Paris attacks, but glut weighs LONDON: Oil prices edged up on Monday because of heightened political and security tensions after Friday's deadly attacks in Paris claimed by Islamic militants, but a global glut of crude supplies capped rises.France carried out large-scale air strikes against Islamic State sites in Syria overnight, giving oil market investors reason to step up buying activity after a week in which crude benchmark prices fell as much as 8 percent."Some risk premium is factored into the ...
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 ...
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 ...


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