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BP Invests $5MM In Freewire In Electric Vehicle Move

BP Plc said it had invested $5 million in U.S. mobile electric vehicle charging company FreeWire, helping it provide rapid charging at its retail sites in Britain and Europe, as demand for cleaner vehicles is expected to soar. BP joins rival Royal Dutch Shell, which last year agreed to buy ...

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Asia’s 2018 Refined Oil Product Demand To Rise 2%

Asia’s fuel demand will grow by 2 percent in 2018 as the region’s economies expand at a healthy level, forcing refiners to upgrade and install new capacity, energy consultancy Wood Mackenzie said on Tuesday. In a demand environment in which overall global oil consumption is expected by the International Energy Agency (IEA) ...

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Saudi’s Kingdom soars on Alwaleed release, earnings hit SABIC

Shares in Saudi Arabia’s Kingdom Holding soared on Sunday after owner Prince Alwaleed bin Talal was released from detention, but top petrochemical producer Saudi Basic Industries fell on weak fourth-quarter earnings.vBecause of heavily weighted SABIC, the Saudi stock index rose only 0.2 percent, but rising stocks outnumbered losers by 109 ...

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Qatar passes first test in LNG expansion

Qatar managed to keep liquefied natural gas exports flowing last year even under a Saudi-led embargo, passing its first test in its plans to expand LNG production. Now the world’s biggest LNG exporter gets to pick who its partners will be. Qatar ended 2017 with LNG exports slightly above its ...

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