Fracking Profits: Oil lobby pushes for bill to deregulate shale industry - YouTube:
"Protesting could soon become a thing of luxury at any drill site in the United States - courtesy of new laws co-crafted by the oil lobby. Aside from forcing demonstrators to shell out 5 thousand dollars for a rally permit... the bill would also excuse the federal government from regulating the fracking industry. Gayane Chichakyan reports.
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Saturday, 23 November 2013
UAE markets sitting just below resistance | GulfNews.com
UAE markets sitting just below resistance | GulfNews.com:
"Last week the Dubai Financial Market General Index (DFMGI) strengthened by 66.28 or 2.35 per cent to close at 2,891.16. Market breadth leaned on the bullish side with 22 advancing issues and eleven declining. The bullish move was accompanied by an increase in volume to a four-week high.
DFMGI continued to rebound higher off support of the 100-day exponential moving average (ema), which was hit two weeks ago during the pullback. Support for the pullback is at 2,755.45.
Last week’s close put the index back within the prior sideways range that it held for two weeks. That range is from 2,884.31 to 2,952.43, with the higher price level being the most recent peak and top of the 22-month uptrend. DFMGI remains one of the best performing equity markets for 2013, up 78.2 per cent year-to-date."
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"Last week the Dubai Financial Market General Index (DFMGI) strengthened by 66.28 or 2.35 per cent to close at 2,891.16. Market breadth leaned on the bullish side with 22 advancing issues and eleven declining. The bullish move was accompanied by an increase in volume to a four-week high.
DFMGI continued to rebound higher off support of the 100-day exponential moving average (ema), which was hit two weeks ago during the pullback. Support for the pullback is at 2,755.45.
Last week’s close put the index back within the prior sideways range that it held for two weeks. That range is from 2,884.31 to 2,952.43, with the higher price level being the most recent peak and top of the 22-month uptrend. DFMGI remains one of the best performing equity markets for 2013, up 78.2 per cent year-to-date."
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Dubai Expo 2020 Win May Create Economic Bubble – Survey » Gulf Business
Dubai Expo 2020 Win May Create Economic Bubble – Survey » Gulf Business:
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Dubai’s successful bid to host Expo 2020 may lead to the creation of an economic bubble in the country, according to a new survey by CFA Society.
The survey, which spoke to 215 investment professionals in the UAE, found that 95 per cent of the respondents support Dubai’s bid and 97 per cent believe the UAE is likely or very likely to win the bid.
However, over half of the respondents (55 per cent) are concerned that a successful bid for Expo 2020 will create another economic bubble."
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The survey, which spoke to 215 investment professionals in the UAE, found that 95 per cent of the respondents support Dubai’s bid and 97 per cent believe the UAE is likely or very likely to win the bid.
However, over half of the respondents (55 per cent) are concerned that a successful bid for Expo 2020 will create another economic bubble."
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Iraq oil sales recover from lows, but still below peak - Your Middle East
Iraq oil sales recover from lows, but still below peak - Your Middle East:
"Iraq's oil exports in October recovered from a 19-month low, but remained far below their peak due to ongoing maintenance and sabotage of pipelines, figures released on Saturday showed.
Iraq exported 69.8 million barrels of oil in October, or 2.25 million barrels per day, resulting in overall revenues of $7.16 billion (5.28 billion euros), according to the oil ministry.
The figures marked an increase from September's 19-month low of 2.07 million bpd, but remained below the 2.62 million bpd exported in April."
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"Iraq's oil exports in October recovered from a 19-month low, but remained far below their peak due to ongoing maintenance and sabotage of pipelines, figures released on Saturday showed.
Iraq exported 69.8 million barrels of oil in October, or 2.25 million barrels per day, resulting in overall revenues of $7.16 billion (5.28 billion euros), according to the oil ministry.
The figures marked an increase from September's 19-month low of 2.07 million bpd, but remained below the 2.62 million bpd exported in April."
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Saudi Gazette - Proxy war for Gulf carriers
Saudi Gazette - Proxy war for Gulf carriers:
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The bad-tempered battle between Virgin Australia Holdings Ltd and Qantas Airways Ltd over Australia’s skies is a proxy for increasingly tough regional competition among carriers including ambitious Gulf airlines Etihad and Emirates.
The Australian rivals are already losing money in a bitter price war. Now they’re trading barbs over Virgin Australia’s move to tap its major shareholders — Etihad, Singapore Airlines , Air New Zealand — for A$350 million ($330 million) in new capital to bolster its balance sheet.
Analysts expect Virgin Australia to funnel some funds into its business class offering, upgrading onboard and lounge facilities as part of its drive to lure customers from Emirates-backed Qantas."
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| A Qantas plane (R) and a Virgin plane (L) sitting on the tarmac at Sydney's International Airport in this file photo taken on June 21, 2011. The bad-tempered battle between Virgin Australia Holdings Ltd. and Qantas Airways Ltd. over Australia's skies is a proxy for increasingly tough regional competition among carriers, including Etihad and Emirates. — AFP |
The Australian rivals are already losing money in a bitter price war. Now they’re trading barbs over Virgin Australia’s move to tap its major shareholders — Etihad, Singapore Airlines , Air New Zealand — for A$350 million ($330 million) in new capital to bolster its balance sheet.
Analysts expect Virgin Australia to funnel some funds into its business class offering, upgrading onboard and lounge facilities as part of its drive to lure customers from Emirates-backed Qantas."
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Russia paves way for limited liberalisation of LNG exports - FT.com
Russia paves way for limited liberalisation of LNG exports - FT.com:
"Russia’s parliament paved the way on Friday for Novatek, the country’s largest independent gas producer, and Rosneft, the state oil group, to sell liquefied natural gas for export, a market on which so far only the state-owned Gazprom is allowed to sell.
Long-awaited amendments to the gas export law and the foreign trade law passed by the State Duma break that monopoly as of December 1, in a move designed to help Russia meet its goal of doubling its share of the global LNG trade by 2020."
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"Russia’s parliament paved the way on Friday for Novatek, the country’s largest independent gas producer, and Rosneft, the state oil group, to sell liquefied natural gas for export, a market on which so far only the state-owned Gazprom is allowed to sell.
Long-awaited amendments to the gas export law and the foreign trade law passed by the State Duma break that monopoly as of December 1, in a move designed to help Russia meet its goal of doubling its share of the global LNG trade by 2020."
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Ukraine has postponed an opportunity to prosper - FT.com
Ukraine has postponed an opportunity to prosper - FT.com:
"At a meeting in Kiev a couple of weeks ago Mykola Azarov, Ukraine’s prime minister, told Radoslaw Sikorski, Poland’s foreign minister, and myself that all four presidents and all 14 prime ministers of Ukraine since independence supported signing an ambitious association agreement with the EU.
They did so because it was seen as by far the best path to the necessary modernisation of their country. If the choice was between stagnation with Russia or integration with the EU, we were told that Ukraine had made up its mind. And opinion polls showed solid and increasing support for this European choice."
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"At a meeting in Kiev a couple of weeks ago Mykola Azarov, Ukraine’s prime minister, told Radoslaw Sikorski, Poland’s foreign minister, and myself that all four presidents and all 14 prime ministers of Ukraine since independence supported signing an ambitious association agreement with the EU.
They did so because it was seen as by far the best path to the necessary modernisation of their country. If the choice was between stagnation with Russia or integration with the EU, we were told that Ukraine had made up its mind. And opinion polls showed solid and increasing support for this European choice."
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Ukraine’s EU Snub Sparks Tensions as Kiev Braces for Rallies - Bloomberg
Ukraine’s EU Snub Sparks Tensions as Kiev Braces for Rallies - Bloomberg:
"Ukraine’s decision to break off negotiations for a European Union trade deal sparked tensions from the nation’s parliament to the Russian president’s home town as Kiev braced for protests.
Russia and the EU traded barbs, accusing each other of pressuring the ex-Soviet nation. Ukrainian Prime Minister Mykola Azarov, speaking in parliament amid a hail of insults and paper projectiles, blamed the International Monetary Fund for the turnaround. Ukraine’s Channel 5 reported that about 1,500 protesters gathered on Independence square in the city center, surrounded by riot police.
The EU and Russia each buy about a quarter of Ukrainian exports and have been jostling over relations with the second-most populous former Soviet country, a crucial transit route for energy shipments. The two sides accused each other of blackmail, while Vladimir Putin said the EU is encouraging protests."
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"Ukraine’s decision to break off negotiations for a European Union trade deal sparked tensions from the nation’s parliament to the Russian president’s home town as Kiev braced for protests.
Russia and the EU traded barbs, accusing each other of pressuring the ex-Soviet nation. Ukrainian Prime Minister Mykola Azarov, speaking in parliament amid a hail of insults and paper projectiles, blamed the International Monetary Fund for the turnaround. Ukraine’s Channel 5 reported that about 1,500 protesters gathered on Independence square in the city center, surrounded by riot police.
The EU and Russia each buy about a quarter of Ukrainian exports and have been jostling over relations with the second-most populous former Soviet country, a crucial transit route for energy shipments. The two sides accused each other of blackmail, while Vladimir Putin said the EU is encouraging protests."
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