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Riven by rivalries, OPEC heads to key talks

  Paris / AFP Cartels only work when their members stick together — but precious little unity is likely to be on show among OPEC producers at a key meeting in Algiers on Wednesday. Members of the Organization of the Petroleum Exporting Countries seem doomed to disagree on whether to freeze production to reverse a collapse in oil prices. At ...

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Oil services find hope in giant windmills anchored to ocean bed

  Bloomberg Gulf Island Fabrication Inc. has for decades built hulking platforms to extract oil and natural gas from the seabed. With the collapse of offshore drilling, the company has turned to helping harvest another energy resource: wind. Gulf Island built all five turbine foundations for the first US offshore wind farm, which is expected to go into service in ...

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Algeria sees oil market in ‘critical’ shape ahead of OPEC talks

  Bloomberg The oil market is in “much more critical” shape than when OPEC last met and its members must seek ways to stabilize crude prices, possibly by freezing or cutting output, Algeria’s energy minister said ahead of talks among the group’s members this week in Algiers. Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries, is ...

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