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An oilfield outside Kirkuk. AFP photo
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The Kingdom Tower stands in the night above the Saudi capital Riyadh November 16, 2007. REUTERS/Ali Jarekji (SAUDI ARABIA) – RTX1NKK
PIF Establishes New Energy Service Company ‘Super Esco’
Saudi Arabia’s Public Investment Fund (PIF) has announced the establishment of a new energy service company, Super Esco, designed to increase energy efficiency across government and public buildings and stimulate the growth of the Kingdom’s energy efficiency...Caption:
Traders work on the floor of the New York Stock Exchange near the Goldman Sachs stall. (Reuters)
Oil Edges Higher on Gains as Geopolitical Threats Intensify in Kirkuk, Iran
London – As a number of geopolitical problems unfold, oil prices maintained gains on Tuesday, while Goldman Sachs said oil production from Iraq’s Kurdistan region was likely to be jeopardized by the standoff with Iraq. Despite the fears of the Kurdistan...Caption:
REUTERS
OPEC: Higher Demand Forecast for Oil, Points to Tighter Markets in 2018
The Organization of the Petroleum Exporting Countries predicted higher demand for its oil in 2018 on Wednesday and said its production-cutting deal with rival producers was getting rid of a glut, pointing to a tighter market that could move into a deficit next year....Caption:
A general view of Baiji oil refinery in Baiji, 180 km (112 miles) north of Baghdad, January 21, 2009. REUTERS/Thaier al-Sudani