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ThinkstockRussia’s state-controlled oil giant Rosneft has signed a 25-year deal to supply $270 billion worth of crude oil to China, and the country’s largest independent natural gas producer,...
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ThinkstockThe process for setting benchmark oil prices has never been particularly transparent, depending as it does on self-reporting by traders of offer and sale prices to energy pricing agencies...
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ThinkstockRecent information from Japan and the United Kingdom shows that accelerated recoveries from deep recessions are underway. There may be a way to track how these governments worked to turn...
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ThinkstockLast year was a good year for oil and gas stocks, but unless a company had a refining and marketing operation, it was not a great year. Share prices rose by at least 80% for pure-play...
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ThinkstockTwo days ago, officials of the European Commission (EC), the executive arm of the European Union, raided the offices of Royal Dutch Shell PLC (NYSE: RDS-A), BP PLC (NYSE: BP), Statoil ASA...
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ThinkstockJust two weeks ago, the $76 billion merger was completed that created London-traded Glencore Xstrata. Today, shareholders shook up the company’s board of directors by booting chairman...
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U.S. equity markets opened mixed this morning as investors weighed conflicting data from the U.S., Europe, and Asia. In Europe, retail sales declined more than expected in Germany, Italy’s...
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courtesy of BP plcBP PLC (NYSE: BP) reported first-quarter 2013 results before markets opened this morning. The oil and gas supermajor posted diluted earnings per American Depositary Share (ADS) of...
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courtesy of AOL, IncSoftbank signals it will not increase its bid for Sprint Nextel Corp. (NYSE: S). (Reuters) Best Buy Co. Inc. (NYSE: BBY) will dump its Europe presence via selling its stake in...
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U.S. equity markets opened higher this morning after the U.S. Department of Commerce reported that personal income and spending both rose by 0.2%, which was slightly higher than expected for spending...
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Jon OggStocks have enjoyed a serious bull market, and we still have the S&P 500 Index and the Dow Jones Industrial Average both up by double digits so far in 2013. As this is the second-half of...
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courtesy of BP plcThe April 2010 well blowout in the Gulf of Mexico that took 11 lives and dumped 5 million barrels of crude in the Gulf of Mexico will cost BP plc (NYSE: BP) an estimated $42 billion...
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ThinkstockBP PLC (NYSE: BP) must like shale, gas and oil exploration and production better than new age energy sources. It wants to dump its wind operations in the United States. According to...
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ThinkstockCyprus Gets Bailout Funds Cyprus and its bailout got a new fan. The International Monetary Fund will contribute one billion euros to the cause. The action may not be much of a risk short...
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ThinkstockThe Chinese services PMI rises to 55.6 in March — a recent high — from 54.5 in February. (Reuters) The Securities and Exchange Commission says public companies may release information...
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