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Tanker Blast Injures 18 At South Korean Port

credits: Oil Price An oil tanker explosion in the South Korean port of Ulsan has injured 18, including crew members and rescue workers, AFP reports, citing Korea’s news agency. According to the media, when the explosion occurred there were no repairs works being carried out on board the Cayman Islands-flagged Stolt...

Brazil’s Newest Oil Auction Attracting Oil’s Heavy Hitters

credits: Oil Price Brazil’s newest oil auction is attracting some of the world’s biggest oil majors such as BP, Chevron, CNOOC, ExxonMobil, and Shell, the Brazilian government said on Monday, according to Bloomberg. Brazil expects the transfer of rights auction that will be held on November 6 to bring in $25...

UPS wins first broad FAA approval for drone delivery

credits: CNBC News United Parcel Service received federal approval to operate a fleet of drones, giving it broad privileges to expand unmanned package delivery, the shipping giant said Tuesday. The company’s Flight Forward subsidiary plans to use the approval to deliver packages to hospital campuses, with potential to expand to other...

Oil prices recover on lower output from US, Russia, OPEC

credits: CNBC News Oil prices rebounded on Tuesday on reports that output from the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns kept a lid on gains. Brent crude futures rose 61 cents to $59.86 a barrel, while U.S. West Texas Intermediate...

Xegate visits in Uzbekistan the Governor of Navoi Region

Navoi is one of the richest and more productive Regions of Uzbekistan.And Uzbekistan is a Country in the middle of its full development now. In Navoi it is said that there are ALL THE ELEMENTS OF MENDELEEV's PERIODIC TABLE. Xegate has been extremely pleased to be able to discuss and...

Euphoric IPO market may be a troubling sign for stocks

credits: CNBC News Billion-dollar private companies are stampeding to go public this spring. But fear, not excitement, may be driving the herd. After a slow first quarter for public offerings, denim giant Levi Strauss kicked off its debut this week, with shares popping 31 percent on the New York Stock Exchange....

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