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ADB: Projected cost of Uzbek Oltin Yo’l GTL plant increases by 37% to $5.6B

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The project will produce 37,610 barrels per day (bbl/d) of GTL diesel, GTL kerosene, GTL naphtha and LPG using natural gas supplied by Uzbekneftegaz from the Shurtan fields. The technology used is similar to that of the pioneering ORYX GTL plant in Qatar. The majority of production will be GTL diesel and GTL kerosene. Click to enlarge.

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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. Presumably swayed by Saudi equanimity, financial markets do not see the Saudis abandoning their current policy before, during, or after the upcoming OPEC meeting. billion) and $1 billion ($2.5

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Oil Prices Running Out Of Reasons To Rally

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At the start of 2017, there are two major dynamics at play occurring at the same time, each pushing in opposite directions on the market. The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. The pace and magnitude of each trend will ultimately drive oil prices one way or the other.