Sunday , October 21 2018

Regional News

Opec moves to calm oil-supply fears as India slams high prices

Bloomberg Organisation of Petroleum Exporting Countries (Opec) again sought to reassure markets after one of its biggest customers complained about the pain of high prices. “There is no cause for alarm,” Opec Secretary-General Mohammad Barkindo said, adding that India had sent a letter bemoaning the state of the oil market. ...

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Shell, Equinor commit to Tanzania’s LNG as they await host accord

Bloomberg Royal Dutch Shell Plc and Equinor ASA said they’re committed to a project that will allow the export of natural gas from Tanzania. Proposals to build a $30 billion liquefied-natural-gas plant (LNG), in gestation since 2014, have been clouded by policy uncertainty in Tanzania’s extractives industry. Investor sentiment toward ...

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Zimbabwe warns gasoline suppliers against demanding FX payment

Bloomberg Zimbabwe’s government warned fuel suppliers who demand payment in foreign exchange that their licences to trade will be withdrawn. “All those caught selling fuel at prices not approved by Zimbabwe Energy Regulatory Authority and those service stations either demanding payment in hard currency or engaging in other untoward trading ...

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Gasoline prices soar in North America’s Northwest

Bloomberg A natural gas pipeline rupture in British Columbia forced refineries in Washington to cut output, pushing gasoline prices higher in the Pacific Northwest. Enbridge Inc.’s WestCoast Mainline ruptured near Prince George. The fire has been extinguished, Michael Barnes, a company spokesman, said. The line, along with an adjacent one, ...

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