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Xunlei Limited, one of China's largest internet companies, priced its IPO last night—one day early (it was expected to price tonight).
"Houston has had this incredible growth rate but the lack of skilled workers could slow us down," said Patrick Jankowski of the Greater Houston Partnership. The Houston economy grew 5.3 percent in 2012, trailing only San Francisco while outpacing the wider U.S. economy, according to the most recent data available from the Bureau of Economic Analysis.
CHICAGO, June 23- Despite the incendiary conflict in Iraq that last week sent the benchmark price of Brent crude oil to more than $115 a barrel, a nine-month high, U.S. stock markets largely shrugged off the oil threat, hitting record closing highs last week.
HOUSTON, June 20- The prospect of cheap natural gas prices fueling an industrial renaissance in the United States is at odds with the needs of gas producers, an energy economist said this week. But continued growth is unlikely unless current prices rise substantially, said Gurcan Gulen, senior energy economist at the Center for Energy Economics in Houston.
If the Baghdad government can keep militants away from its oil fields, Iraq's oil production could increase even as crude prices remain high.
MEXICO CITY, June 19- Political wrangling in Mexico means Congress is unlikely to approve before July legislation to complete an energy overhaul at the center of President Enrique Pena Nieto's economic agenda, lawmakers said on Thursday.
Stocks on Thursday were little moved, a day after rallying on reassurances from the Fed.
Brent crude jumped to a new nine-month high while U.S. oil rose modestly, amid concerns about Iraq's growing violence.
*Iraq asks United States for air support vs insurgents. LONDON, June 19- Brent crude hit a nine-month high near $115 a barrel on Thursday on concerns heavy fighting in Iraq could limit oil supply from OPEC's second-biggest producer.
*Iraq asks United States for air support vs insurgents. LONDON, June 19- Brent crude hit a nine-month high near $115 a barrel on Thursday on concerns heavy fighting in Iraq could limit oil supply from OPEC's second-biggest producer. Brent was up 10 cents at $114.36 a barrel by 0940 GMT, after reaching an intraday peak of $114.80, its highest since Sept. 9.
Igor Sechin, the CEO of Rosneft, Russia's top oil producer, has slammed the U.S.'s decision to hit him with sanctions as making no sense.
*Iraq asks United States for air support. SINGAPORE, June 19- Brent crude held above $114 a barrel on Thursday near a nine-month high, supported by concerns about potential supply disruptions due to fighting in Iraq.
Two projects with Exxon Mobil will be the two most important events for the global oil industry, said Rosneft CEO Igor Sechin.
*Iraq asks United States for air support. SINGAPORE, June 19- Brent crude held near a nine-month high above $114 a barrel on Thursday supported by concerns about potential supply disruptions due to fighting in Iraq.
SEOUL, June 19- U.S. crude oil futures rebounded above $106 a barrel in early Asian trade on Thursday after dipping in the previous session, supported by concerns about a potential supply disruption due to turmoil in Iraq.
Stocks climbed on Wednesday after the Federal Reserve continued to taper, and said the economy is rebounding.
Iraq has asked the U.S. to stage air attacks on Sunni Muslim insurgents, according to a top American general.
The head of Iraq's South Oil Company also insists that current developments have not affected and will not affect oil operations in the south.
BASRA, Iraq, June 18- The head of Iraq's state-run South Oil Company Dhiya Jaffar said on Wednesday that Exxon Mobil has carried out a "major evacuation" of their staff and BP had evacuated 20 percent of its staff.
June 18- Oil and gas companies will increase exploration and production spending by 6 percent to $712 billion this year, despite a slight pullback in spending by industry majors, Barclays said. Spending by major oil companies is expected to remain flat this year, Barclays said in a report on Wednesday.