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The oil industry fears green governments

It will take decades to phase out fossil fuels, but an increasing number of countries are spurring that development, leading oil companies to think shortsightedly while investors get nervous. The powerful upward pressure under energy prices is already decreasing the tempo of the global economy.

IMF director sees worsened economic outlook

Managing Director of the International Monetary Fund, Christine Lagarde, has sounded the alarm for the well-being of the global economy. International growth has plateaued, she says.

Wintershall and DEA set to merge

BASF and LetterOne have signed an agreement to merge their respective oil and gas businesses in a joint venture, which will operate under the name Wintershall DEA.

Qatar's oil company increases LNG production

State-owned Qatar Petroleum will increase its production of liquefied natural gas to more than 100 million barrels a year. Qatar thus emphasizes its focus on LNG as the fuel of the future, writes Wood Mackenzie.

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