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Etihad Airways and partners launch roadmap for sustainable aviation biofuels in UAE

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Etihad Airways, together with Boeing, Total, Takreer and the Masdar Institute of Science and Technology, launched a joint industry roadmap for the sustainable production of aviation biofuels in the United Arab Emirates (UAE). Approval for some of the processes is expected in 2015. Earlier post , earlier post.).

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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CME Brent oil futures project continuity: as of August 18, 2015, CME Brent futures projected the price remaining below $60/bbl until June 2017. Are the futures market, CNBC’s oil traders, analysts, and major fund investors, and others, being lulled into an unjustified consensus? billion vs. $1.6 billion to $3.5)

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Opinion: How Much Longer Can OPEC Hold Out?

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The EIA even predicts that OPEC’s net oil exports (excluding Iran) could fall to as low as $380 billion in 2015. The Saudis, along with Kuwait and UAE have been defending the decision of not reducing the OPEC production levels in order to retain their global market share. Source: [link]. Market Background Oil'

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Opinion: Is Russia Plotting To Bring Down OPEC?

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According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 in 2015 and 2016 respectively). in 2015 and 2016 respectively). percent of GDP in 2014.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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In December 2014, the Saudi government approved spending $229 billion in 2015, resulting in an estimated deficit of $39 billion, or some 5 percent of GDP. As mid-year 2015 approached, the IMF estimated the budget deficit would equal approximately 20 percent of Saudi GDP. percent in 2015, and then just 2.7 percent in 2014 to 3.3