Sunday, 3 July 2016


OIL AND GAS
Oil prices move lower after hitting 'soft ceiling' New York (UPI) Jun 30, 2016 - Crude oil prices reversed course in Thursday trading with an investment bank saying the $50 mark may be something of a "soft ceiling" for the long term. Crude oil prices collapsed from around $100 per barrel in 2014 to below $30 per barrel earlier this year. Prices started recovering toward $50 per barrel over recent months as moderate global economic recovery and lower retail fuel pric ... more
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OIL AND GAS
Appeals court overturns Canada pipeline approval Ottawa (AFP) June 30, 2016 - Canada's federal court of appeal has overturned approval of the new Northern Gateway pipeline on grounds that builders failed to adequately consult with affected aboriginals, documents released Thursday revealed. The oil conduit stretching nearly 1,200 kilometers (745 miles) from the Alberta oil sands to the Pacific coast received regulatory and government approval in 2014, with 209 conditio ... more
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OIL AND GAS
ING: Saudi Aramco's IPO erodes OPEC Amsterdam, Netherlands (UPI) Jun 30, 2016 - The initial public offering of Saudi Aramco is likely to push the global market for crude oil toward the supply side and erode OPEC's influence, analysis finds. An economic agenda, dubbed Vision 2030, aims to boost Saudi Arabia's non-oil revenue and relies in part on raising money through the public listing of shares in the Saudi Arabian Oil Co., known also as Saudi Aramco. Billed as th ... more
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OIL AND GAS
Gas markets in flux after Mississippi plant explosion Houston (UPI) Jun 29, 2016 - Enterprise Products Partners said it closed down a gas facility in Mississippi after a fire erupted earlier this week within the confines of the plant. Police in Pascagoula, Miss., notified residents that an explosion at an Enterprise gas facility was confined to the immediate area. No evacuations were ordered and no injuries were reported. Enterprise, which has headquarters in H ... more
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INTERNET SPACE
Media firms lose control of news as tech platforms rise Washington (AFP) June 29, 2016 - When allegations emerged that Facebook was skewing its trending news stories, many learned about it... on Facebook. That underscored the rapid shift in media - not only is news moving from print to digital, but Facebook, Google and other tech platforms are increasingly becoming the main gateways for information. Technology and social media firms are increasingly playing a role in filter ... more
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INTERNET SPACE
Facebook to put friends, family ahead of media Washington (AFP) June 29, 2016 - Facebook said Wednesday it would give friends and family more prominence on user feeds, a move that may hurt media outlets that rely on the network to draw readers. The social media giant said in a statement that the goal of the "news feed," which appears when users log in, "is to show people the stories that are most relevant to them" and that its update "helps you see more posts from your ... more
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TRADE WARS
Scotland's tartan and whisky makers hold breath after Brexit Selkirk, United Kingdom (AFP) June 30, 2016 - In the production hall of the world's biggest tartan maker, huge iron spools rotate amid the roar of machines as threads of every colour are pulled together at lightning speed to produce its distinctive weaves. A week after Britain voted to leave the European Union, the referendum has left dark clouds hanging over the business in Selkirk, near Scotland's border with England. Lochcarron o ... more
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