Archive for July 12th, 2008
Saturday, July 12th, 2008
The latest estimates of the global energy firm BP showed oil production of the United Arab Emirates (UAE) will last 92 years at current production levels, local newspaper Gulf News reported Saturday.
According to the 2008 BP Statist ...
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Saturday, July 12th, 2008
Brazil's oil and gas giant Petrobras said Friday that a planned five-day strike by platform workers next week would not affect production.
Petrobras had a contingency plan to maintain output but the company's management was open to ...
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Saturday, July 12th, 2008
Mexico's exports of crude oil Friday reached a new record price of 131.45 U.S. dollars per barrel, three dollars more than the previous day, the state oil company Pemex said.
The rise in prices of Mexican oil exports occurred in the ...
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Saturday, July 12th, 2008
Crude futures closed above 145 U.S. dollars a barrel after surpassing the 147 dollars level for the first time Friday on supply concerns in Iran, Nigeria and Brazil.
Light, sweet crude for August delivery rose 3.43 dollars to settle ...
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Saturday, July 12th, 2008
Italy's public debt rose for the fourth month in a row in April and set a new record high of 1,661.4 billion euros, the Bank of Italy said on Friday.
The debt was some 15 billion euros higher than in March and was over 50 billion ...
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Saturday, July 12th, 2008
Crude prices rallied to a record high of above 147 U.S. dollar a barrel on Friday amid concerns over tensions in the Middle East and unrest in Nigeria.
Light, sweet crude for August delivery rose more than 5 dollarsto 147.25 on the ...
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Saturday, July 12th, 2008
U.S. stocks recovered from steep losses Friday after the reports that the Federal Reserve may help the two largest mortgage companies.
The Dow Jones industrials, which briefly fell below 11,000 for the first time since July 2006, wa ...
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Saturday, July 12th, 2008
The dollar fell against major currencies on Friday as credit worries continued and oil prices hit new record.
Fears that the U.S. government may be forced to rescue government-sponsored mortgage lenders Fannie Mae and Freddie Mac ap ...
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