Gap Earnings: 71 Cents EPS, $3.73 Billion Revenue vs. Expectations of 69 Cents EPS, $3.68 Billion Revenue
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Torgrim Reitan, CFO of Statoil, tells CNBC that earnings and production are growing significantly and 2012 was the best exploration year for the company since 1997.
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LONDON, Dec 12- Brent crude oil rose above $108 a barrel on Wednesday supported by expectations of a fourth round of monetary stimulus from the U.S. Brent crude futures were up 60 cents to $108.61 a barrel by 0950 GMT, rebounding from last week's dip. U.S. crude was up 43 cents to $86.22 a barrel.
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*OPEC set to keep 30 million bpd output target. *OPEC experts see H1 2013 demand for OPEC crude at 29.25 mbpd. VIENNA, Dec 11- OPEC oil exporters look set this week to avoid a quarrel about how much crude they produce and argue instead about who should be the group's next secretary-general.
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Oil prices are roughly where OPEC wants them- comfortably above $100 a barrel- but there is deadlock over who should replace Libyan Abdullah El-Badri as the public face of the organization.
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DUBAI, Dec 10- A Russia- led coalition on Monday withdrew a proposal to give governments new powers over the Internet, a plan opposed by Western countries in talks on a new global telecom treaty. But Russia, China and many Arab states, which want greater governmental control, have been pushing to expand the treaty beyond traditional telecom operators.
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*Algeria with Iran and Venezuela a lead OPEC price hawk. VIENNA/ ALGIERS, Dec 10- Social spending on the rise, oil output in decline and the price of its main earner natural gas sinking, Algeria has quietly joined Iran and Venezuela in OPEC as a hawk on oil prices.
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SYDNEY/ JERUSALEM, Dec 3- Australia's Woodside Petroleum said it would buy a 30 percent stake in Israel's Leviathan natural gas field, dealing a blow to Gazprom's ambitions to cement its position as Europe's dominant supplier and expand in the liquefied natural gas market.
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SYDNEY/ JERUSALEM, Dec 3- Australia's Woodside Petroleum said it would buy a 30 percent stake in Israel's Leviathan natural gas field, dealing a blow to Gazprom's ambitions to cement its position as Europe's dominant supplier and expand in the liquefied natural gas market.
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WASHINGTON, Dec 3- A surprising U.S. energy production windfall puts the country at risk of ignoring the urgent need to transform its transportation sector to depend less on oil and more on electricity and natural gas, a high-profile group of chief executives and retired military brass warned on Monday.
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Dry growing conditions in the United States and rain-hampered harvests in Argentina and Australia have added tension to the wheat market after poor crops in the Black Sea region.
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*Demand for OPEC oil to drop 400,000 bpd in 2013. LONDON, Nov 29- High oil stockpiles, slowing demand growth and a fragile world economy would usually give OPEC reason to consider supply cuts when it meets next month, especially when some think they may be pumping more than enough to meet demand.
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*Stocks build in Europe as refinery maintenance ends. Middle distillates inventories, which include heating oil, diesel and jet, had been running at multi-year lows in both the United States and Europe- threatening to ramp up heating bills for households in the event of an early cold snap.
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ANN ARBOR, Mich.-- Fourteen Middle Eastern and North African entrepreneurs are at the University of Michigan as part of a State Department- sponsored program that partners university experts with area community organizations. The program participants are from Algeria, Egypt, Israel, Morocco and Tunisia.
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ALGIERS, Algeria-- Algeria's Finance Ministry and central bank have announced the country is contributing $5 billion to the International Monetary Fund. In April, Algeria said the IMF had asked for Algeria's participation in the international lending institution. Algeria is the third largest supplier of natural gas to Europe after Russia and Norway.
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*Aims to promote democcracy in Africa. Hollande, who heads to the Democratic Republic of Congo on Saturday for a gathering of French-speaking nations, has promised to promote democracy in Africa and break with an era of collusion between French and autocratic African leaders.
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LONDON, Oct 10- The shale boom has left some of the most sophisticated refineries in the United States hunting across Europe and Africa for more of the heavy residue left over from other refiners' crude distillation units, as they try to find a use for all the expensive coking units built in the last decade.
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LONDON, Oct 9- Clean tanker rates for refined petroleum products on top export routes were broadly steady on Tuesday with lighter business capping earnings in the transatlantic market.
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LONDON, Oct 8- Liquefied natural gas will continue to be benchmarked to oil prices for several more decades, outgoing BG Group Chief Executive Frank Chapman said on Monday, despite complaints by top Asian importers that supplies are unaffordable.
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*Deal gives Qtel more control over Algeria, Tunisia subsidiaries. to 92.1 percent, giving an instant boost to its bottom line and more control of subsidiaries in the high growth markets of Algeria and Tunisia.
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DUBAI, Oct 7- Qatar Telecom has raised its stake in Kuwait's Wataniya to 92.1 percent following the close of its tender offer. The Qatari firm, which operates in 16 countries across the Middle East, Africa and Asia, paid 519.1 million Kuwaiti dinars at 2.6 dinars per share to raise its stake from 52.5 percent, it said in a statement on Sunday.
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*KIA tenders entire 23.5 pct stake- source* Qtel had bid $2.2 bln for remaining 47.5 pct stake* Announcement of tender details expected Sunday By Dinesh Nair and Matt Smith. DUBAI, Oct 6- Qatar Telecom is set to control more than 90 percent of Kuwait's Wataniya.