Daily Archives: March 15, 2017

Poland Says EU Going Soft On Gazprom Market Abuse

Poland is threatening to use all legal means possible to block the settlement, without fines, of an antitrust investigation targeting Russian Gazprom, which it feels the European Union is going soft on. On Wednesday, Polish Foreign Minister Witold Waszczykowski said the country would use “all legal means” to block the EU’s terms for closing an anti-trust investigation into Gazprom. The Polish foreign minister’s statements are in direct response to comments from EU competition regulators the day before, saying that because…

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The Most Promising Biotech Innovation Of 2017

A secretive biotech company has positioned itself to potentially earn billions in revenue with the planned release of a new technology that could help prevent millions of strokes with a simple test that is affordable, non-invasive and accessible to the average American. A Multi-Billion-Dollar Problem with a $49,000 Answer Until now, there has been no cost-effective way to screen for Ischemia, the leading indicator of a stroke, which costs the U.S. government alone tens of billions of dollars a year. That could be about to change, thanks to a breakthrough…

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Has OPEC Underestimated U.S. Shale Once Again?

The U.S. shale cowboys are back on their horses and leading a strong recovery in the oil patch that is not expected to falter even as WTI prices dropped last week below $50 per barrel for the first time in more than two months. With lessons learned from the oil price crash and budgets streamlined and focused on the most prolific shale plays, U.S. drillers are giving OPEC a hard time by raising output and hedging future production. Meanwhile, the cartel members are trying to cut supply and fix the price of oil at such a range that would allow

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Saudi Aramco To Restart Shipments To Egypt After 6-Month Hiatus

Saudi Aramco will restart oil and refined product shipments to Egypt after a sudden halt nearly six months ago, according to an announcement by the Egyptian Petroleum Ministry on Wednesday. The ministry said it had been working with the oil giant to determine a shipping schedule for the goods, adding that low oil prices and production cuts had caused the shipment freeze in October. “It was agreed that the Saudi Arabian side would resume Aramco’s shipping of oil products as per the commercial contract signed between the Egyptian General Petroleum…

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