| India's ONGC says bid for Imperial on track( 2008-11-27 00:44) | | NEW DELHI (AFP) – Indian state-run oil giant ONGC on Wednesday said its bid to buy Russia-focused Imperial Energy was "on track" and should be completed by June, securing new fuel sources to power the nation's economy. The 1.4-billion-poun... |
| OPEC likely to debate, not decide another supply cut(By Peg Mackey and Alex Lawler Peg Mackey And Alex Lawler 2008-11-26 21:55) | | LONDON (Reuters) – OPEC ministers will debate a deep cut in oil supply when they meet this weekend in Cairo for urgent talks aimed at arresting a downward price spiral that sucked oil below $50 a barrel. They have downplayed the prospect of any... |
| Greenlanders vote for expanding autonomy(By JAN M. OLSEN, Associated Press Writer Jan M. Olsen, Associated Press Writer 2008-11-26 21:41) | | COPENHAGEN, Denmark – Greenland voters overwhelmingly approved a plan for more autonomy from Denmark and take advantage of potential oil reserves off the glacial island's coast, official results showed Wednesday. The Arctic island's election commiss... |
| Report links Rangel school gift to tax loophole( 2008-11-26 00:08) | | NEW YORK – Rep. Charles Rangel helped preserve a tax loophole for an oil drilling company at the same time the company's executive pledged $1 million to a school to be named in the congressman's honor, according to a published report. The report in... |
| Greenlanders vote on expanding autonomy(By JAN M. OLSEN, Associated Press Writer Jan M. Olsen, Associated Press Writer 2008-11-26 00:08) | | COPENHAGEN, Denmark – Greenlanders braved the gloom of polar night to vote Tuesday on whether to seek more autonomy from Denmark, amid growing speculation that this barren Arctic island may be sitting on oil reserves. The referendum is non-binding b... |
| Food prices in '09 get aid from cheaper oil, grain(By Christopher Doering Christopher Doering 2008-11-26 00:08) | | WASHINGTON (Reuters) – U.S. food prices are benefiting from the plunge in grain and oil prices, but consumers could still wind up seeing a 4 percent increase in their grocery bills next year, the Agriculture Department said on Tuesday. In its monthl... |
| Kuwait's ruler puts cabinet resignation on hold(By Ulf Laessing and Rania El Gamal Ulf Laessing And Rania El Gamal 2008-11-26 00:08) | | KUWAIT (Reuters) – Kuwait's ruler decided to put on hold the resignation of the OPEC country's cabinet on Tuesday, leaving his options open for intervention to end a crippling crisis between the government and parliament. The cabinet tendered its re... |
| Shell, PetroChina ink 20-year LNG deal: state media( 2008-11-25 01:54) | | SHANGHAI (AFP) – Royal Dutch Shell has agreed to sell two million tonnes of liquefied natural gas (LNG) to PetroChina under a 20-year contract, state media reported Tuesday. The gas will come in part from the proposed Gorgon gas project off the coas... |
| Opposition gains ground in Venezuela elections(By Saul Hudson Saul Hudson 2008-11-25 01:30) | | CARACAS (Reuters) – Venezuela's growing opposition and President Hugo Chavez's left-wing party shared the spoils from weekend elections, jostling for political advantage in the oil-producing nation on Monday. The multi-party opposition eroded Chavez... |
| Wind power meets record demand in Spain: industry group( 2008-11-24 19:37) | | MADRID (AFP) – Wind power supplied a record 43 percent of all electricity demand in Spain, which is being lashed by heavy winds and rain, for a brief period on Monday, the Spanish wind power association said. Spanish wind farms generated 9,253 megaw... |
| Opposition gains ground in Venezuela elections(By Saul Hudson Saul Hudson 2008-11-24 19:18) | | CARACAS (Reuters) – Venezuela's growing opposition and President Hugo Chavez's left-wing party shared the spoils from weekend elections as they jostled for political momentum in the OPEC nation on Monday. The multi-party opposition eroded Chavez's d... |
| Chavez wins Venezuela vote but opposition gains(By Saul Hudson Saul Hudson 2008-11-24 03:10) | | CARACAS (Reuters) – Venezuelan President Hugo Chavez's left-wing party won most state races in elections on Sunday, but the opposition scored victories in major power centers to dent his dominance over the OPEC nation. Chavez's Socialist Party won i... |
| Chavez candidates win large majority of states in key test(by Sophie Nicholson Sophie Nicholson 2008-11-24 03:10) | | CARACAS, (AFP) – Candidates from Venezuelan President Hugo Chavez's socialist party won 17 states out of 22 in local polls seen as a key test for the leftist leader, but the opposition made gains including the Caracas mayor post, results showed earl... |
| Average U.S. gasoline price falls below $2/gallon( 2008-11-24 03:10) | | NEW YORK (Reuters) – U.S. average retail gasoline prices fell below $2 per gallon, due to a continuing slide in crude oil prices, falling gasoline demand and a weakening global economy, according to the latest nationwide Lundberg survey. "I... |
| Venezuela to seek 1.0 million bpd OPEC cut( 2008-11-24 03:10) | | CARACAS, Venezuela (AFP) – Venezuela will seek a cut in crude production of 1.0 million barrels per day by the end of the year at an OPEC oil cartel meeting in Cairo next weekend, Venezuelan Energy Minister Rafael Ramirez said Sunday. "Venezuel... |
| Obama team promotes massive economic recovery plan(By JIM KUHNHENN, Associated Press Writers Jim Kuhnhenn, Associated Press Writers 2008-11-24 03:10) | | WASHINGTON – After more than two weeks of virtual silence on the economy, President-elect Barack Obama's transition team burst on the scene with new ambition and urgency Sunday, demanding swift passage by Congress of a massive two-year spending and... |
| Palm oil price crash spells misery for SEAsian farmers(by Ivy Sam Ivy Sam 2008-11-24 03:10) | | KUALA LUMPUR (AFP) – The global economic slowdown has sent palm oil prices crashing, spelling misery for countless smallholders who have been forced to watch their harvests rot on the trees. Hundreds of thousands of farmers in Indonesia and Malaysia... |
| Astronauts finish longest spacewalk outside station(By Chris Baltimore Chris Baltimore 2008-11-24 03:10) | | HOUSTON (Reuters) – Two shuttle Endeavour astronauts finished the longest of their planned spacewalks outside the orbiting International Space Station on Saturday, a nearly seven-hour effort aimed at cleaning and repairing a contaminated joint on th... |
| Spain's opposition slams Repsol sale to Russia's Lukoil( 2008-11-24 03:10) | | MADRID (AFP) – Spain's conservative opposition leader Saturday hit out at the possible sale of a stake in oil major Repsol to Russian energy group Lukoil, saying he would do "everything possible" to prevent it. "Nobody in Europe has s... |
| Russia threatens to cut off gas to Ukraine: report( 2008-11-24 03:10) | | MOSCOW (AFP) – Russia's Gazprom will cut off gas deliveries to Ukraine on January 1 unless a new contract is signed, a company spokesman said on Saturday, making a threat that could affect deliveries to Europe. "We would like to avoid such a sc... |
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