US energy companies this week added oil rigs for the second time in the last three weeks.
Source: Offshore
Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
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Crude posted a third weekly advance out of four as Iranian sanctions take center stage.
Source: Offshore
Crude Caps Weekly Advance as Iran Sanctions Bite Into Supply
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Asian spot LNG softened for November delivery after several weeks of strong demand and tightening supplies led buyers to wait for a correction in prices.
Source: Offshore
Prices For November Soften After Earlier Strong Weeks
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The US will find it difficult to cut Iran’s oil exports completely as the oil market is already tight and rival producers cannot make up the shortfall, official says.
Source: Offshore
Iran Says Oil Market Is Too Tight For US Zero Exports Target
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Several independent Chinese refineries are drawing up plans to build petrochemical complexes in east China’s Shandong province.
Source: Offshore
China's Squeezed 'Teapots' Eye Petchem Path To Riches
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Mark McCollum thinks his push to simplify its sprawling supplier networks and corporate organization will help turn around the company to emerge from the oil price collapse.
Source: Offshore
Weatherford CEO's Rebound Plan Relies On Getting Smaller
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The recently endorsed International Trade and Administration Commission (ITAC) recommendation to adjust the sugar and increase import duty of US$680 per tonne will provide the immediate relief required by the industry and protection against the surge of imports, said Ncumisa Mcata-Mhlauli, chief director for agro-processing at the Department of Trade and Industry (the dti) Source:…
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Orange Digital Ventures Africa, the Orange Group’s venture capital investment fund for Africa, has made a second investment in one of the continent’s most promising fintech companies, the South African Yoco
Source: African Review
Orange invests in South African payment service Yoco
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The International Islamic Trade Finance Corporation (ITFC) has signed two new agreements with the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply Commodities (GASC) initiating the utilisation of the fifth framework agreement
Source: African Review
ITFC signs two financing agreements to support Egypt’s main sectors
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China Communications Construction Co has won a $398 million contract to build a new oil terminal.
Source: Offshore
China's CCCC Wins 8MM Contract To Build Mombasa Oil Terminal
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