- Silver lining to oil slump
December 03, 2014
The world should brace itself for a further 20 per cent fall in the price of crude oil to about US$55 a barrel by this time next year, says the man who correctly called the current collapse in prices.
Dr. Fereidun Fesharaki, Chairman of FGE, says...
- It's grip on oil weakening, OPEC will meet on prices
November 25, 2014
As oil prices continue to plummet, the once-dominant international cartel of producers is losing its sway over the global energy markets.
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- Hawaii may see $3.50-a-gallon gas prices for first time in four years
November 12, 2014
For the first time in four years, Hawaii motorists can look forward to seeing $3.50-per-gallon gas prices, and not five or 10 years from now, but in three to six months.
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- Gazprom makes a new gas deal with China
November 10, 2014
Gazprom the Russian gas giant, is adding substance to the Kremlin’s plan to shift its economic focus to Asia, as the company signs its second major gas deal with China this year.
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- Saudi Arabia signals it will let oil slide further, FGE says
November 03, 2014
Saudi Arabia, the world’s biggest oil exporter, is telling the market it won’t cut output to lift crude back to $100 a barrel and that prices must fall further before it does so, according to consultant FGE.
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