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HuaweiOil prices continued a three-day slide and fell below $98 a barrel Monday as a slowdown in U.S. hiring and election results in Europe dimmed expectations of stronger economic growth.
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Oil fell to three-month lows of under $115 per barrel on Friday ahead of a U.S. payrolls report and was set for its steepest weekly fall since December due to concerns over the health of the global economy and easing fears over supply disruption.
India’s government has asked energy giant Reliance Industries to pay a $1.25 billion penalty for a fall in gas production from its main oil fields, a company executive said on Friday.
Crude oil futures fell on W ednesday, as U.S. crude inventories soared to their highest level in more than 20 years after rising for the sixth straight week last week and employment dipped in the United States and Europe, dimming the outlook for oil demand.
LONDON — Oil prices fell to below $106 a barrel Wednesday after a report showed U.S. crude supplies grew for a sixth week while gasoline inventories fell.
Oil and gas producer Devon Energy Corp posted a lower-than-expected quarterly profit as a drop in natural gas prices offset higher production.
Oil prices hovered near $106 a barrel Wednesday in Asia after a report showed U.S. crude supplies grew for a sixth week while gasoline inventories fell.
LONDON - Oil eased on Tuesday to trade under $119 a barrel due to worries that a sluggish economic recovery in Western economies together with below-expectations Chinese manufacturing data, could depress demand for fuel.
Oil prices edged lower in Asia , with investors fretting over stuttering growth in the US as political and economic uncertainty in the eurozone weighed, analysts said.
Dana Gas held its 2011 Annual General Meeting (AGM) on Thursday, chaired by the company’s honorary Chairman Shaikh Ahmed bin Sultan Al Qasimi.
