Archive for January, 2008

Oil Below $91 on Weak US data, Recession Worries

Thursday, January 31st, 2008

By Reuters Oil fell below $91 a barrel on Friday, ahead of Friday’s OPEC meeting, as a fresh set of weak U.S. economic data heightened fears the world’s top energy consumer was sliding into a recessio…

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Shell books record profit last year

Thursday, January 31st, 2008

Anglo-Dutch oil concern Royal Dutch Shell on Thursday announced a better-than-expected 11 percent increase in net profit to 6.7 billion U.S. dollars for the fourth quarter last year, Dutch paper Finan…

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Turkmenistan balks at new gas pipeline championed by prime minister …

Thursday, January 31st, 2008

KIEV, Jan. 30 - Turkmenistan, which Ukraine hopes to become an alternative to Russia source of natural gas, on Wednesday issued a statement questioning the future of a gas pipeline suggested by Prime …

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