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Port race will focus on oil shipments
The Daily World, Aberdeen, Wash.Filing for upcoming local elections began Monday morning, and most positions only have one candidate -- the incumbent. But a countywide port commission race promises more excitement, with oil shipments likely to be the centerpiece of the campaign. As...Tags: Elections, Politics, Local Elections
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Ireland to review tax on oil, cautious on Norway-style rate
Reuters* Committee recommends 25-40 pct rate be doubled * Interest increasing in country's oil potential * Energy minister says must be realistic about prospects DUBLIN, May 14 (Reuters) - Ireland's energy minister launched a review of the country's low tax...Tags: Republic of Ireland, Norway, Energy Resources, Parliament, Politics
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U.S. cash crude differentials mixed as Brent/WTI spread seesaws
Reuters* Crude futures settle lower after choppy trading * Brent/U.S. crude spread narrows, then ends wider NEW YORK, May 14 (Reuters) - Cash crude differentials in the United States were mixed on Tuesday, seesawing with crude futures and the transatlantic...Tags: TransCanada Corporation, BP Plc, Valero LP, Valero Energy Corp., International Energy
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Real GDP to grow by 4.4% in 2013
Arab News, Jeddah, Saudi ArabiaSaudi Arabia's real GDP is estimated to have expanded 6.8 percent in 2012, according to Global Investment House's review of the Saudi economy. Following the record oil production seen in 2012, the government has resorted to strong fiscal stimulus...Tags: Gold and Precious Material, Career and Workplace, Jeddah (Saudi Arabia), Metal and Mineral, Finance
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Former IMF chief Strauss-Kahn arrives in Juba to open bank
Sudan TribuneDisgraced former International Monetary Fund (IMF) chief Dominique Strauss-Kahn arrived in South Sudan on Monday to open a new bank, marking a rare return to the financial world since his career was derailed by a lurid sex scandal two years ago....Tags: International Organizations, Sudan, Government, Politics, Dominique Strauss-Kahn
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Turkey says agreed with ExxonMobil, Iraqi Kurdistan on oil exploration
ReutersANKARA, May 14 (Reuters) - Turkey has agreed with the Kurdistan Regional Government (KRG) and U.S. oil giant Exxon Mobil on oil exploration in northern Iraq, Turkish Prime Minister Tayyip Erdogan said on Tuesday. "This is a step with the KRG on...Tags: Turkey, Ankara (Turkey), Petroleum Industry, Barack Obama, Iraq
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Kuwait trade surplus to shrink 10.3% to $ 88.3 bn
Arab News, Jeddah, Saudi ArabiaKuwait GDP is estimated to grow by 1.1 percent in 2013 as oil prices and production stabilizes, exports remain subdued, and government expenditure slows down, according to Global Investment House's review of the Kuwait economy. Kuwait's GDP is estimated...Tags: Prices, Career and Workplace, Jeddah (Saudi Arabia), Public Finance, Finance
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GCC foreign assets to hit $2.5t
Khaleej TimesEconomic growth in the GCC is poised to moderate, but net foreign assets of the six-member bloc are projected to exceed $2.5 trillion by the end of 2013, the Institute of International Finance, IIF, said on Monday. The IIF, the leading global...Tags: Finance, Energy Saving, Chemical Industry, Dubai (United Arab Emirates), United Arab Emirates
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Brent steady near $103 as US retail sales support, stockpiles drag
Reuters* U.S. retail sales gain shows some strength in economy * Crude stocks in U.S. seen higher, gasoline likely down - poll * Obama pushes for Syria talks, warns of huge challenges * Coming Up: Euro zone industrial production; 0900 GMT By Manash...Tags: China, Inventories, Foreign Exchange Market, Polls, American Petroleum
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Group fights move to repeal oil-tax cut
Anchorage Daily NewsTo sign or not to sign. An oil industry group wants Alaskans to think hard about whether to put their names on petitions seeking to put a measure on the 2014 ballot that would repeal the oil tax cuts passed this year by the state Legislature. The...Tags: Executive Branch, Referenda, Politics, Government, Media Industry
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Thailand gets green signal for a major oil refinery in Vietnam
Vietnam News, Hanoi / Asia News NetworkHANOI (Viet Nam News/ANN) -- Prime Minister Nguyen Tan Dung has given the green light to a US$27-billion oil refinery project in the coastal province of Binh Dinh. Deputy Chairman of the Binh Dinh provincial People's Committee Ho Quoc Dung made this...Tags: Energy Resources, Vietnam, Downstream Oil and Gas Activities, Politics, Media Industry
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COLUMN-African minerals and the illusion of fair value: Kemp
ReutersBy John Kemp LONDON, May 14 (Reuters) - "With Africa's economies riding the crest of the global commodities wave, there is an unprecedented opportunity to convert the region's vast resource wealth into investments that could lift millions out of poverty,...Tags: China, Prices, Metal and Mineral, National Government, Finance
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