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2018, April, 13, 18:00:00
OPEC RETURN INVESTMENT
PLATTS - "Since 2013-2014 we have seen a rapid drop off in investment which we believe will bite the consumers and the industry as a whole," Falih said at a media briefing at the International Energy Forum. "We are trying to signal to the market, to the investors, to the financial community, to international oil companies to put investments back into the upstream."
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2018, April, 13, 17:55:00
HARD OIL MARKET
BLOOMBERG - OPEC said its oil output fell to the lowest in a year last month amid reduced supplies from Venezuela and Saudi Arabia, suggesting global markets may tighten sharply later this year.
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2018, April, 13, 17:50:00
RUSSIAN GAS FOR EUROPE ANEW
PLATTS - "It cannot be the case that Nord Steam 2 means that Ukraine no longer has any significance in transiting [Russian] gas," Merkel said after a meeting with Ukrainian president Petro Poroshenko.
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2018, April, 13, 17:45:00
FINLAND'S GAS PERMITS
GAZPROM - Nord Stream 2 AG received the second permit required for the construction and operation of the Nord Stream 2 gas pipeline in the Finnish Exclusive Economic Zone (EEZ), thereby completing the permitting procedure in Finland.
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2018, April, 13, 17:40:00
RUSSIAN LNG FOR INDIA
REUTERS - GAIL renegotiated the terms of a long-term 2.5 million tonnes per annum (mtpa) liquefied natural gas (LNG) purchase deal with Russia’s Gazprom in January.
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2018, April, 13, 17:35:00
UKRAINE WANT $17.5 BLN
REUTERS - But it warned that all its expectations hinged on Ukraine sticking with its $17.5 billion programme with the IMF, which has expressed concern about perceived backtracking on reforms and delays in implementing policies to tackle corruption.
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2018, April, 13, 17:30:00
SAUDI'S FUNDING $11 BLN
REUTERS - Saudi Arabia has largely covered its hard currency funding needs for 2018 by completing this week’s $11 billion international bond issue, the head of the kingdom’s debt management office said.
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2018, April, 11, 13:42:00
KOCH BROTHERS: 2ND WEALTHIEST
INVESTOPEDIA - All of Fred Koch's four sons have become billionaires as a result of the unprecedented growth of the family business. In fact, according to Forbes' real-time net worth estimator, Charles and David Koch alone have a combined net worth of $96.6 billion as of November 2017. The two brothers are the only members of the family's second generation who still play an active role in the management of the company.
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2018, April, 11, 13:40:00
OIL PRICE: ABOVE $71
REUTERS - Brent crude has gained 5.7 percent this week, rising to $71.34 a barrel on Tuesday, the highest since late 2014, although the price has since fallen back and was $70.98 a barrel by 0907 GMT LCOc1, down 6 cents.U.S. crude futures CLc1 were at $65.55 a barrel, up 4 cents on the day.
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2018, April, 11, 13:35:00
RUSSIA - OPEC UNLIMITED
PLATTS - Maintaining a long-term oil management alliance with Russia and other allies will allow OPEC producers to react more quickly to changing fundamentals and stabilize the market,