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China talks crucial for choice of Aramco listing venue

LONDON / Reuters Saudi Arabia wants to complete talks with strategic investors such as China, Japan and South Korea before deciding where to list shares in state oil company Saudi Aramco, three sources familiar with the discussions said. Saudi officials have said the government plans to sell up to 5 percent of Aramco shares on one or more foreign exchanges ...

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Oil loses steam as dollar, stocks add to shale worries

Bloomberg After its best January since 2006, the oil market wrapped up the week on a slump as a stronger dollar and weaker stocks added to concerns over booming shale production. Futures slipped 0.5 percent in New York, with oil inversely tracking the US dollar and American equities headed for the worst week in two years. A stronger greenback reduces ...

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Exxon sees oil demand down 20% in 2 decades

Bloomberg If climate change curbs live up to their promise, oil demand may fall 20 percent by 2040, Exxon Mobil Corp. says in one forward-looking report. But a more likely scenario is it will grow by 20 percent, the company says in separate outlook. The first comes in response to a shareholder vote last year that demanded Exxon publish the ...

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