Category: Business

Why oil prices declined

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August 2014 marked an important change in the supply/demand equation. From January 2013 until May 2014, world oil consumption exceeded world oil supply. During this time, oil prices averaged in the US$90 – US$100/bbl range. In May, June and July 2014, world oil supply and demand were closely balanced, but in August 2014, the supply […]

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Shell agrees to sell stake off shore Thailand

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Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd, affiliates of Royal Dutch Shell Plc, have agreed to an asset sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited (PTTEP) and PTTEP International Limited, a wholly-owned subsidiary of PTTEP, for […]

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