LONDON (Reuters) – BP (BP.L) will have to invest tens of billions of dollars over the next decades and may have to accept lower returns than it can get from oil if it is to meet its goal of becoming one of the largest innovative power generators in the world. …
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NEW YORK, July 29 (Reuters) – Asian stocks were due to follow an optimistic Wall Street session on Thursday after the Federal Reserve kept interest rates at very low levels, while the US dollar fell to a low of two years. The Fed on Wednesday repeated a promise to use …
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MANILA (Reuters) – The Philippines has taken a big step to harness nuclear energy, its energy minister said on Wednesday after President Rodrigo Duterte created an inter-agency panel to study the adoption of a national nuclear energy policy. FILE PHOTO: The Bataan Nuclear Power Plant (BNPP) is seen during a …
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(Reuters) – U.S. oil refineries are expected in the next few days to report the worst second-quarter results in a decade, with output exceeding demand, while pandemic-related closings have undermined trips by summer. FILE PHOTO: Valero Energy Corp. service station shown in El Cajon, California, USA, August 8, 2017. REUTERS …
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DUBAI (Reuters) – Saudi Arabia registered a deficit of 109.2 billion riyals ($ 29.12 billion) in the second quarter of this year as low oil prices hurt revenue, a report by the Ministry of Finance released Tuesday. FILE PHOTO: A Saudi flag flies over the Saudi Arabian consulate in Istanbul, …
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