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Now or never for Big Oil in Iraq

BAGHDAD - Iraq is offering some of the world's largest remaining untapped oilfields in an auction that will spark fierce competition as the world's largest energy companies fight for rare access to cheap Middle East reserves. Iraq holds the world's third-largest oil reserves. The ...

Info overload on oil reserves may confuse Wall Street

HOUSTON - U.S. regulators changed the rules for reporting oil and natural gas reserves to increase transparency for investors, but the added flexibility for energy companies may leave Wall Street with an obscured view. Nearly everyone agrees new regulations from the Securities ...

Europe Gasoline-Rising stocks push prices down

LONDON, Dec 10 - European gasoline prices fell on Thursday, pressured by swelling stocks and a lack of export opportunities to the key U.S. market. Gasoline stocks stored in independent tanks in ARA rose 43,000 tonnes to 849,000 tonnes in the week ending Thursday,according to an ...

Engineers say stimulus slow, Canada oil sands back

SAN FRANCISCO, Dec 9 - Leading U.S. engineering companies do not expect much federal stimulus money to flow in their line of sight any time soon, but believe opportunities in Canada's oil sands are ripe with the recovery in crude prices. Executives said on Wednesday the local and ...

Brazilian oil giant to seek oil in deep waters of Uruguay

BRASILIA, Dec. 8 - Brazil's state-owned oil and gas giant Petrobras, the largest company in the country, will look for oil in deep waters of Uruguay, a company official said Tuesday. A contract for this purpose will be signed later this week, said Jorge Zelada, director of the ...

Aurelian Oil says value of assets raised 381 pct

LONDON, Dec 9 - Aurelian Oil & Gas Plc (AUL.L), a European focused company, said an independent review of its oil and gas business had increased their estimated value by 381 percent to 5.64 pounds ($9.2) per share. Total contingent gas resources were increased 270 percent to 372 ...

Constellation Energy to build 16 MW solar project

LOS ANGELES, Dec 8 - Utility owner Constellation Energy Group (CEG.N) will build a solar power project of nearly 16 megawatts in Maryland and will sell the electricity generated to the state under a 20-year agreement, the company said on Tuesday. The project accounts for the bulk ...

Europe Gasoline-up towards $700 on exports, dip in stocks

LONDON, Dec 3 - European gasoline prices edged higher on Thursday towards $700 a tonne as traders eyed export opportunities to the United States and a dip in stocks of the motor fuel. Dutch oil analyst Pieter Kulsen said gasoline stocks in independent storage at the Amsterdam...

Dollar strength hurts energy, pharma lags

NEW YORK, Dec 8 - Mid- and small cap stocks were lower on Monday, as a stronger dollar weighed on energy stocks and a decision by the U.S. Department of Health and Human Services dragged some pharmaceutical companies down. Crude oil futures CLc1 fell 1.8 percent, pressured by a 0...

Aurelian Oil sees resource upgrades across portfolio

Dec 1 - Britain's Aurelian Oil & Gas Plc (AUL.L) said on Tuesday it expected resource upgrades across its wider portfolio in the near future. Aurelian, which has a portfolio of concessions in Poland, Slovakia, Romania and Bulgaria, said the new findings would also include an ...

Schlumberger economist sees recovery start in 2010

DAMMAM, Saudi Arabia, Nov 1 - Oilfield services firm Schlumberger (SLB.N) expects recovery to begin in its rig activity next year but any upturn will be well below the 2008 peak, the company's chief economist said on Sunday. "Going into next year, ... I think the bottom of the ...

Oil rebounds as dollar weakens to new 15-month low

NEW YORK, Nov. 25 - Crude prices rebounded on Wednesday as the U.S. dollar sank to a new 15-month low against a basket of major currencies, driving commodities up by increasing their investment appeal. Light, sweet crude for January delivery jumped 1.94 dollars, or2.6 percent, to ...

UNCC pays Kuwait $610 mln in compensation for Iraqi invasion

GENEVA, Oct. 29 - The United Nations Compensation Commission (UNCC) paid Kuwait 610 million U.S. dollars on Thursday in compensation for losses and damages resulting from Iraq's 1990-1991 invasion and occupation of the country. The money will be distributed to 10 successful ...

Oil ends up 3% on strong U.S. economic growth

NEW YORK, Oct. 29 - Crude prices ended 3 percent higher on Thursday, rallying on news that U.S. economy grew faster than expected in the third quarter, raising hopes for a speedy recovery in energy demand. Light, sweet crude for December delivery rose 2.41 U.S. dollars, or 3.0 ...

Oil tumbles on unexpected increase in gasoline stocks

NEW YORK, Oct. 29 - Crude prices tumbled more than two U.S. dollars on Wednesday after government report showed an unexpected increase in gasoline inventories, spurring worries about the energy demand recovery. Light, sweet crude for December delivery fell 2.09 dollars, or 2.6 ...

Europe Gasoline-rebounds above $720 on exports, crude rally

LONDON, Oct 29 - Gasoline barge rebounded from a brief dip below $700 a tonne in early trade on Thursday to soar back to two and a half month highs above $720 a tonne. Strong gains in crude and U.S. gasoline futures helped the rally, traders said. Prices were especially strong in ...

Imperial Oil profit sags on low prices, refining

CALGARY, Alberta, Oct 29 - Third-quarter profit at Imperial Oil Ltd (IMO.TO) fell 61 percent on lower prices for oil and natural gas and weaker refining results, Canada's No. 2 oil producer and refiner said on Thursday, The company, 69.6 percent owned by U.S. major Exxon Mobil ...

Canadian Oil Sands profit falls with prices, output

CALGARY, Alberta, Oct 28 - Canadian Oil Sands Trust (COS_u.TO), which has the biggest stake in Syncrude Canada Ltd, said on Wednesday its third-quarter earnings fell 59 percent as oil prices tumbled from last year's heights and production dipped. Still, Canadian Oil Sands ...

Gold declines for fifth session on strong dollar, weak oil

CHICAGO, Oct. 28 - Gold futures on the COMEX Division of the New York Mercantile Exchange dropped for the fifth session on Wednesday due to a rising dollar and weak oil. Silver and platinum both fell. The most active gold contract for December delivery dropped 4.90 U.S. dollars, ...

Holly Energy to offer 1.9 mln common units

Nov 2 - Crude pipeline and storage company Holly Energy Partners LP (HEP.N) said it plans to sell 1.9 million common units in a public offering, and use a portion of the proceeds to fund its asset purchase at a Tulsa refinery. Units of Dallas, Texas-based Holly Energy fell 5 ...
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china

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China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
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world

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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
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finance

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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
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trade

sports

Yao's gift of sport for all
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Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
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