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Goldman Sacks Kuwait

19 hours ago ago from Middle East (UAE and GCC) Finance and Investment News

In a recent report by Goldman Sachs & Company on its economic outlook on the region and specifically Kuwait for 2010, Goldman drew a very pessimistic picture of what it perceives the future holds for Kuwait. According to the report Dubai and Kuwait will lag behind Saudi Arabia, Qatar, and Abu Dhabi in any recovery in the near future. It estimated that Qatar would grow the most between 7-7.5% and Saudi Arabia will grow at 4.5%. While both the ...

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Oil Prices Rise on Winter Storm, Weak Dollar

17 hours ago ago from The HEAT Zone - Heating Oil News & Information Blog - Save On Home Fuel Now

As of 9:03 am EST, the price of crude had climbed by .68 percent to reach $73.86 a barrel and the price of heating oil had risen by 1.60 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: No Change Morning projection (for Tuesday’s average price per gallon): Up $0.03 A severe winter storm hit the Northeast this weekend, supporting higher heating oil prices. Snow and cold temperatures look to ...

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Today OPEC Eyes Market Uncertainty at Angola Meeting While Keeping a Close Eye on Iraq

20 hours ago ago from GOING GLOBAL - EAST MEETS WEST - ARTICLES OF INTEREST

OPEC eyes market uncertainty at Angola meeting Dec 22, 2009 OPEC oil producers were set to hold output steady at their meeting on Tuesday, cautiously looking for a strengthening in the market and playing down the prospect of a surge from Iraq's oilfields. The cartel's most influential member, Saudi Oil Minister Ali al-Naimi, said it will hold output quotas unchanged, citing "excellent" crude price levels. "No change," Naimi told ...

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Natural Gas: It’s Cheaper Than Oil, Cleaner Than Coal And We Have A 90-Year Domestic Supply

18 hours ago ago from Daily Markets

ASSOCIATED PRESS An unlikely source of energy has emerged to meet international demands that the United States do more to fight global warming: It's cleaner than coal, cheaper than oil and a 90-year supply is under our feet. It's natural gas, the same fossil fuel that was in such short supply a decade ago that it was deemed unreliable. It's now being uncovered at such a rapid pace that its price is near a seven-year low (see graph above, ...

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Commerzbank analyst sees oil falling below $60 in 2010

22 hours ago ago from BloggingStocks

Can one forward a strong argument for a downtrend in oil's price in 2010? Commerzbank AG Senior Analyst Eugen Weinberg attempts do just that -- predicting that oil will fall to $59 per barrel in Q4 2010, due to OPEC production increases. "Next year, I see risk from the downside," Weinberg told Bloomberg News Monday. "OPEC discipline is receding, and I think this will continue." He added that until there's evidence of production discipline ...

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Heating oil prices up 2 pennies in Maine

3 hours ago ago from U.S. News

Heating oil prices up 2 pennies in Maine AUGUSTA, Maine (AP) -- Maine energy officials say the average price of home heating oil has gone up 2 cents over the past week. The Governor's Office of Energy Independence and Security said Monday that its weekly survey puts the average price at $2.57 a gallon. Director John Kerry says prices remain largely stable because of adequate crude oil inventories and a lack of extreme cold weather. The ...

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OPEC Seeks Better Quota Compliance After Deal - FOXBusiness.com

6 hours ago ago from FOX Business

Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Energy Tuesday, December 22, 2009 OPEC Seeks Better Quota Compliance After Deal   Reuters   LUANDA,--OPEC oil producers agreed on Tuesday to ...

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Oil continues to hover in the $73 range

8 hours ago ago from CNN Money

TRADING CENTER Oil continues to hover in the $73 range December 22, 2009: 6:35 AM ET LONDON (Reuters) -- Oil slipped towards $73 per barrel on Tuesday after OPEC agreed to roll over its production targets and ahead of data expected to show a fall in crude and distillate inventories in the United States. OPEC oil ministers, content with crude prices, agreed to ...

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OPEC Holds Output Steady : NPR

7 hours ago ago from NPR

Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast OPEC Holds Output Steady by The Associated Press Enlarge Associated Press This photo taken Thursday, Dec. 17, 2009, shows the entrance to an oil depot in the Luanda ...

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