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Indonesia seeks to rejoin Opec after seven years
Indonesia was the only Asian Opec member for nearly 50 years before leaving the group in 2008 as oil prices hit a record high.
Oil hits 2015 high as traders look beyond ample current supply
Brent crude was up 39 cents to $66.85 a barrel by 0848 GMT, after hitting a 2015 peak of $66.95.
OPEC daily basket price closes tad lower
The basket of 12 crude oils of the OPEC closed at $62.18 a barrel on Friday.
Saudi Arabia restructures Aramco
Aramco was once US-based and run by Americans but has long been a Saudi state corporation.
Saudi keen to maintain oil market share
Speaking to reporters in Saudi Arabia, Prince Abdulaziz bin Salman bin Abdulaziz described the oil market as “excellent”, suggesting the Opec heavyweight was comfortable with current global conditions.
Like shale oil, solar power is shaking up global energy
Oil major Exxon Mobil says that “solar capacity is expected to grow by more than 20 times from 2010 to 2040.”
Venezuela may have missed $24b in oil revenue in 2014
The Opec member nation likely realised just over $50 billion in oil revenue in 2014.
Dewa’s 3rd phase of Solar Park announced
The announcment comes a few weeks after Dewa announced that it increased the share of renewable energy targets in Dubai’s energy mix to seven per cent by 2020.
Pakistan takes first LNG cargoes as list of importers grows
Pakistan, with 180 million people and insufficient domestic gas output of its own, is looking to LNG to help tackle serious energy shortages and frequent power cuts.
Oil falls more than $1 as supply fears ease
Goldman Sachs said the bombing of Yemen would have little effect on oil supplies.
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