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Oil Price Will Increase in Next ‘Few Months’
Oil prices will only stay at current levels for the next few months, according to Stuart Amor, the ex-head of oil and gas research at financial advisory firm RFC Ambrian. Amor, who made the statement in a presentation at the Finding African…

British wage growth slows as worries grow over oil and Europe
UNEMPLOYMENT in Britain is just 5.1%, the lowest since 2006. Economists expect that when joblessness falls, wages will rise, because employers have to compete more fiercely for staff. After a long slump brought on by the recession, by mid-2015…

Mexico’s Pemex signs MOUs with Arab oil companies
Mexican state-owned energy company Petroleos Mexicanos signed two memorandums of understanding Tuesday with oil companies from the United Arab Emirates.The two MOUs, signed within the context of Mexican President Enrique Peña Nieto's visit…

4th Call: Round 1 Bidding Guidelines and Model Contract
We are pleased to report that today Deceber 17th of 2015, The Energy Ministry (SENER) published the bidding guidelines and model contract for the 4th phase of Round 1, which provides the awarding for the exploration and extraction of hydrocarbons…

OPEC decision to keep output high pulls oil prices close to 2015 lows
Crude prices fell on Monday in the first trading session after OPEC-members failed to agree on output targets to reduce a bulging glut that has resulted in oil prices falling by more than 60 percent since June 2014.
The Organization of the…

Mexico’s Pemex opens first U.S. gas stations in Texas
Mexico's national oil company, Petróleos Mexicanos, is opening its first gas stations in the U.S. with five inaugural stores right here in Texas.
Known as Pemex, the Mexican oil company opened its first gas station at 9722 Park Place Blvd.…

China’s Renminbi Is Approved as a Main World Currency
The International Monetary Fund on Monday approved the Chinese renminbi as one of the world’s main central bank reserve currencies, a major acknowledgement of the country’s rising financial and economic heft.
The I.M.F. decision will…
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