Vaccine unlikely to rescue global oil demand for some time: IEA
Oil prices registered a second weekly gain, even as the surge in COVID-19 cases worldwide tempered market optimism. Both benchmark prices recovered above the $40 per barrel barrier. The week ended with Brent rising to $42.78 per barrel and WTI gaining to $40.13.Earlier in the week, Brent approached $45 per...
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Mexico president offers Sempra LNG export permit on condition
MEXICO CITY, Nov 15 (Reuters): US-based Sempra Energy will be granted an export permit for a liquefied natural gas facility in northwest Mexico if the company helps address excess supply in the area, Mexican President Andres Manuel Lopez Obrador said on Friday.San Diego-based Sempra had previously signaled its Mexican unit,...
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Abu Dhabi deploys distancing AI as airports adapt to pandemic
LONDON, Nov 15 (AN): Abu Dhabi International Airport is trialing the use of artificial intelligence to shorten queues and support social distancing.The "Smart Travel" system, developed in partnership with ConvergentAI, aims to optimise passenger traffic through the airport from check-in and immigration through to boarding.It comes as airports and airlines...
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Natural gas producer Gulfport Energy files for bankruptcy
DUBAI, Nov 15 (Reuters): Natural gas explorer and producer Gulfport Energy Corp filed for Chapter 11 bankruptcy on Friday, becoming the latest company in the US energy sector to succumb to weak crude prices as the COVID-19 pandemic crimps fuel demand.In a statement on Saturday, Gulfport said it has secured...
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