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06
Feb
Crude Oil Decreases as Greece Wrestles With Agreement to Avert Default
Oil declined in New York on concern that Greece will fail to take sufficient steps to avert a default, threatening Europe’s economy and fuel consumption. read more →
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18
Jan
Crude Trades Near Three-Day High as Iran Tension Counters Economic Outlook
Oil traded near the highest level in three days in New York as speculation supplies from Iran will be disrupted countered concern that economic growth will slow. read more →
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13
Jan
Oil Advances as Europe Economic Optimism Counters EU Iran Embargo Delay
Oil advanced in New York, trimming the biggest weekly decline in a month, as signs Europe’s debt crisis is easing countered indications a proposed embargo on Iranian crude will be delayed. read more →
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10
Jan
Oil Advances for First Day in Four on Iranian Dispute, Euro Debt Meeting
Oil rose in New York for the first time in four days as Venezuela said OPEC shouldn’t intervene to offset sanctions against Iran and European leaders are scheduled to discuss strategies for resolving their debt crisis. read more →
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06
Jan
Refinery closures raise fears on oil prices
Growing tension with Iran and a threat to global crude supplies may be dominating oil traders’ attention but a potentially bigger story is breaking on the demand side of the market. read more →
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03
Jan
Crude Advances in New York Amid Manufacturing Expansion, Tension Over Iran
Oil climbed in New York after manufacturing activity in China and India expanded, while concern persisted that further sanctions against Iran may disrupt supply. read more →
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02
Dec
Crude Oil Rises in New York Amid Tension Over Iran, Heads for Weekly Gain
Oil rose, heading for its first weekly gain in three, as tension between Iran and the West heightened speculation Middle East supply may be threatened. read more →
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02
Dec
European power markets face increased winter risk
Europe’s power markets will face a risk to security of supply if there are severe weather conditions this winter — defined as those which may be expected one in every 10 years to significantly increase demand or reduce supply — following the shutdown of eight nuclear reactors in Germany, the European Network of Transmission System Operators for Electricity (Entso-E) said. read more →
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02
Dec
40% increase in gas prices expected by 2014
Gas prices are set to rocket in the next three years as demand peaks before levelling out as production exceeds demand. read more →
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07
Nov
Oil Falls From Three-Month High on Signs of European Instability
Oil declined in New York, falling from a three-month high as European equity markets declined and the euro weakened against the dollar amid concern that political instability in the region may undermine demand. read more →