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Posts Tagged ‘Iran’

OPEC Plans Drastic Cut In Oil Production

Royal Dutch Shell has announced that it will delay some of its planned expansion of expensive oil sands projects in Canada. Rob J. Routs, executive director of oil products and chemicals and a member of the board at Royal Dutch Shell, said that reaching the target of 700,000 barrels a day would be “pushed out at least two to four years.”

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Shell says ‘no’ to U.S. pressure over Iran

Royal Dutch Shell is to continue preparatory work on a $10 billion natural gas project in Iran, despite calls from leading U.S. pension funds to withdraw, SHARECAST reported from London on Thursday.

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An Ode to Oil

Oil is, after all, a primary source of man-made global warming, while spillages and drilling have sometimes inflicted lethal environmental damage. Despite the sharp falls of recent months, dramatic price rises have also underwritten every postwar global recession, including the current economic malaise.

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From the Kremlin to Caracas, how oil collapse changes everything

As the price of a barrel falls to below $50 for the first time in years - to a third of its value just a few months ago - petrol will be cheaper but the shockwaves mean crisis for oil-producing nations and further instability for a battered global economy

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How to Put the Squeeze on Iran

U.S. outreach to foreign banks and to oil companies considering investing in Iran’s energy sector has reportedly convinced more than 80 banks and several major potential oil-field investors to cease all or some of their business with Iran. Among them: Germany’s two largest banks (Deutsche Bank and Commerzbank), London-based HSBC, Credit Suisse, Norwegian energy company StatoilHydro, and Royal Dutch Shell.

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OPEC Plans Supply Cut as Crude Oil Heads Toward $50 (Update1)

The prospect of OPEC cuts, slowing economic growth and falling prices drove theDow Jones Europe Stoxx Oil & Gas Index down 25 percent in the past five weeks. Irving, Texas-based Exxon Mobil, the world’s biggest oil company, fell 37 percent this year, while The Hague-based Royal Dutch Shell Plc, the second-biggest, lost 33 percent.

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Iran seeks foreign money for $8bn gas pipeline

Total and Royal Dutch Shell, which had been in talks with Iran about LNG projects, earlier this year said they won’t enter any new energy deals because of the country’s heightened political risk.

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Buy Good, Sell Evil

This month, Florida will finish ridding its public pension fund of $1.3 billion in so-called terror stocks: shares of Royal Dutch Shell, Repsol, and other energy companies doing business in Sudan and Iran.

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Iran Being Supported by Shell Oil, OMV and Many Others…

Two major global energy companies are supporting and promoting Iran by sponsoring a conference being held in Tehran. Multi-National company Shell Oil, and Austrian based OMV, are sponsoring the event.

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Where there is oil and where there is trouble, you can expect to find Dick Cheney

…the real cause for concern is that we in the West have made a colossal strategic blunder over energy.

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