Oil prices, energy trading, alternative energy updates....
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The Organization of Petroleum Exporting Countries has no plans to hold an emergency meeting before a scheduled September gathering, they said.
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It is a new sunrise at the Reliance empire as the fuel to food conglomerate led by Mukesh Ambani moves into solar energy.
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There seems something surreal about the continuing rally in international prices of petroleum crude. In terms of fundamentals, stocks are ‘high’, supply quite ‘satisfactory’, and demand is actually ‘easing’. Yet crude oil prices keep going up and up and up. The sustained rally in oil quotes does call for a closer look at the role of speculation in hardening prices.-------------------------------
The presumptive Republican nominee, John McCain, and Democratic hopeful Hillary Clinton have both called for a gas tax holiday this summer, eliminating the 18.4-cent-per-gallon tax during the time when Americans rekindle their passionate affair with the open road, from the end of May to Labour Day.
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BRITISH gas giant BG Group has made a $13 billion power play in the Australian market, launching an all-cash takeover bid for Origin Energy.
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Additional supplies would have to come from OPEC states because refineries in non-OPEC countries required enormous levels of investment to maintain current production,
he wrote."In those countries much of the remaining oil in the ground in OPEC is run by National Oil Companies that have, by and large, been starved of investment capital by their own governments, for example Venezuela, Nigeria, Iran," Mr Sieminski wrote.
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