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  • April 17, 2014
  • Last updated: 3:11pm
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Results 1 - 10 of 12 for oil spill

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  1. Business - Commodities - OIL

    South Sudan civil war still no deterrent to Chinese firms

    Posted Jan 20th 2014, 12:20am by Toh Han Shih

    ... Petroleum Corp], have invested in the country in recent years because of the oil fields there, some of the richest in the continent," said Lizzie Parsons, the senior China adviser of Global Witness, a British non-governmental organisation (NGO). "There are certainly risks. The fighting is getting close to the oil regions in South Sudan," said Robert Kwauk, chief Beijing ...

  2. News - World - OIL

    China offers to act as peace broker as it calls for ceasefire in South Sudan

    Posted Jan 07th 2014, 11:37pm by Reuters

    ... Reuters in Addis Ababa and Khartoum African state's biggest oil investor 'ready to directly engage' warring sides as peace talks loom China willing to act as South Sudan peace broker China, the biggest investor in South Sudan's oil industry, has called for an immediate ceasefire in the world's newest state, as rebel and government negotiators haggled ...

  3. Business - Commodities - OIL

    Opec forecast to hold quota despite looming oversupply

    Posted Dec 03rd 2013, 05:45am by Bloomberg

    ... with the Organisation of Petroleum Exporting Countries forecast to keep its output quota unchanged at a meeting this week, falling oil demand and prospects for increased supply from some member states mean ... it formally announced an output cut in December 2008. Iraqi Oil Minister Abdul Karim Luaibi and Angola's Jose Maria de Vasconcelos said last month they did not see any need for the organisation ...

  4. Business - Commodities - OIL

    Pressures push oil above US$100

    Posted Jul 04th 2013, 12:00am by Reuters

    ... Key mark breached on expectations of sharp drop in US stocks and Middle East tensions US oil prices surged past the US$100 per barrel mark to hit a 14-month high yesterday as traders bet ... and disrupt oil supplies buoyed Brent crude as well. "Middle East tensions are always going to put a cushion under the price, while there is some tight supply going on in the US," said Ben ...

  5. Business - Commodities - OIL

    Chinese firms change course with Libra bid

    Posted Oct 22nd 2013, 03:27am by BLOOM

    ... with Libra bid For Chinese oil companies more used to buying into operating fields, competing in a Brazilian auction yesterday for the giant Libra field represented a change in strategy. China National Offshore Oil Corporation (CNOOC) and China National Petroleum Corporation (CNPC) were among 11 companies registered to bid for what may become one of the world's two largest deepwater ...

  6. Business - Commodities - OIL

    Iran to build more oil storage as sanctions bite: Press TV

    Posted Nov 26th 2012, 04:21pm by Reuters in Dubai

    ... Reuters in Dubai Iran will build millions of barrels of oil storage facilities in the Gulf over the next few months in response to international sanctions on its exports, Iran’s Press TV reported on Sunday. “By the middle of the next (Persian calendar) year (beginning March 20, 2013), nearly 8.1 million barrels will be added to the crude oil storage capacity of Iran,” Press TV ...

  7. Business - Commodities - OIL

    Sinopec close to deal for Nigerian oilfields

    Posted Nov 07th 2012, 12:00am by Bloomberg

    ... Bloomberg Mainland oil giant seeking acquisitions to boost its falling crude reserves, say industry sources Sinopec close to deal with Total for Nigerian blocks China Petroleum & Chemical Corp (Sinopec) is close to buying stakes in Nigerian onshore oil blocks from Total for about US$2.4 billion as it seeks to reverse a decline in oil reserves, industry sources say. ...

  8. Business - Commodities - OIL

    Crude imports from Iran down 1.9pc

    Posted Jul 23rd 2013, 12:00am by Reuters

    ... First-half year-on-year fall buoys case for waiver extension on US sanctions against Tehran The mainland's daily crude oil imports from Iran fell 1.9 per cent year on year in the first half of this year, making it easier for it to stake another claim to a waiver extension on US sanctions against Tehran. Countries that import Iranian oil must make steady cuts ...

  9. Business - Commodities - OIL

    Brent slips below $115 as U.S. eyes potential oil release

    Posted Aug 17th 2012, 12:11pm

    ... By Manash Goswami and Elizabeth Law  SINGAPORE, Aug 17 (Reuters)- Brent crude slipped below $115 on Friday as supply worries eased on a possible release of oil reserves by the United ... which expired on Thursday ended at the highest since May 2. U.S. oil slipped 43 cents to $95.17, after settling $1.27 up. The possible release of reserves “would definitely be the reason ...

  10. Business - Commodities - OIL

    Beijing pushes refiners on cleaner fuel

    Posted Feb 07th 2013, 12:00am by Eric Ng

    ... demand. The more stringent National V emission standards for diesel and petrol are to be unveiled this year and implemented by the end of 2017, the State Council said. "Domestic oil refiners should speed up the upgrading of their facilities to ensure fuel supply can meet demand according to the implementation schedule," it said, adding the nation's three state-backed oil ...




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