Energy (Legacy)

Saudi`s Falih says non-OPEC countries willing to help balance oil market

Saudi`s Falih says non-OPEC countries willing to help balance oil market

Published 11/10/2016

Saudi Arabia's Energy Minister Khalid al-Falih talks during the 23rd World Energy Congress in Istanbul, Turkey, October 10, 2016. REUTERS/Murad Sezer

Saudi Arabia's Energy Minister Khalid al-Falih will not attend meetings on Wednesday between OPEC and non-OPEC countries in Istanbul but told Reuters he saw signs that countries outside OPEC were willing to contribute to balancing the oil market.

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Oil price falls back from one-year highs, hit by OPEC deal concerns

Oil price falls back from one-year highs, hit by OPEC deal concerns

Published 11/10/2016

A worker checks the valve of an oil pipe at an oil field owned by Russian state-owned oil producer Bashneft near the village of Nikolo-Berezovka, northwest of Ufa, Bashkortostan, Russia January 28, 2015. REUTERS/Sergei Karpukhin/File Photo

Oil fell back from one-year highs on Tuesday, knocked by concerns that a production cut by the world's largest exporters might not be enough to erode a two-year old global surplus of unwanted crude oil.

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Oil prices fall on high production despite planned OPEC output cut

Oil prices fall on high production despite planned OPEC output cut

Published 03/10/2016

A Texaco service station displays the price of petrol and diesel close to the financial centre of London January 30, 2016. REUTERS/Paul Hackett

Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with traders doubting the step was enough to rein in production that has exceeded consumption for the better part of three years.

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Caribbean fears for coastal families as Hurricane Matthew gets close

Caribbean fears for coastal families as Hurricane Matthew gets close

Published 03/10/2016

Residents stand on a pier ahead of Hurricane Matthew in Les Cayes, Haiti, October 2, 2016. REUTERS/Andres Martinez Casares

Haiti and Jamaica urged residents in vulnerable coastal areas to evacuate and Cuba suspended flights on Sunday as bands of rain from Hurricane Matthew, the strongest storm to menace Caribbean nations since 2007, drenched the Jamaican capital.

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Colombians reject deal to end 52-year FARC rebel war

Colombians reject deal to end 52-year FARC rebel war

Published 03/10/2016

A woman carrying her daughter casts her vote in a referendum on a peace deal between the government and Revolutionary Armed Forces of Colombia (FARC) rebels in Medellin, Colombia, October 2, 2016. REUTERS/Fredy Builes

Colombians narrowly rejected a peace deal with Marxist guerrillas in a referendum on Sunday, plunging the nation into uncertainty and dashing President Juan Manuel Santos' painstakingly negotiated plan to end the 52-year war.

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BlackRock to offer infrastructure funds via independent advisers

BlackRock to offer infrastructure funds via independent advisers

Published 03/10/2016

The BlackRock logo is seen outside of its offices in New York January 18, 2012. B REUTERS/Shannon Stapleton/File Photo

BlackRock Inc (BLK.N), the world's largest asset manager, will offer infrastructure funds for the first time through independent financial advisers, it said on Thursday.

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Hurricane Matthew fears grow in Haiti, some resist shelters

Hurricane Matthew fears grow in Haiti, some resist shelters

Published 03/10/2016

Inesia Laguerre cradles her grandchild at the shelter set up in the Lycee Philippe Guerrier ahead of Hurricane Matthew in Les Cayes, Haiti, October 2, 2016. REUTERS/Andres Martinez Casares

AU-PRINCE (Reuters) - Fears mounted in Haiti as Hurricane Matthew edged closer on Monday, bringing 145 mile-per-hour (230 kph) winds and life-threatening rain that could wreak havoc in the Caribbean nation, where some 2,000 people in one coastal town refused to evacuate.

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Lanxess says no rival bidder likely to better its offer for Chemtura

Published 27/09/2016

German chemical maker Lanxess (LXSG.DE) said on Monday it was confident that no rival bidder would trump its $2.7 billion takeover offer for U.S. peer Chemtura (CHMT.N).

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Oil market investment needed soon to balance market: Schlumberger CEO

Oil market investment needed soon to balance market: Schlumberger CEO

Published 27/09/2016

The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson

Investment in exploration and production will have to start increasing soon to help balance the global oil market, Schlumberger CEO Paal Kibsgaard told a conference in Dubai on Monday.

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Oil steady as market awaits Algiers meeting- funds cut bullish bets

Oil steady as market awaits Algiers meeting- funds cut bullish bets

Published 27/09/2016

A worker looks on at the Bashneft-Ufaneftekhim oil refinery outside Ufa, Bashkortostan, Russia January 29, 2015. REUTERS/Sergei Karpukhin/File Photo

Oil held steady on Monday, as the world's largest producers gathered in Algeria to discuss ways to support the market, although scepticism about any deal being reached has prompted money managers to cut their bullish bets to a one-month low.

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