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  • NEW DELHI (Reuters) - Indian Oil Corp (IOC.NS) has bought three million barrels of West African crude oil via a tender for June lifting, including a rare purchase of Nigeria's Okwuibome grade, three trade ...

  • Rapidly increasing oil and gas production in Texas is creating unprecedented job and population growth in the state, and Taylor Consulting, Inc. is making plans to ca

  • Gold falls to 2-1/2 week low in thin trade Reuters - 1 hour 10 minutes ago
    Mahamet waits for customers in front of the jewellery shop where he works as a translator in Kilis on the Turkish-Syrian border

    Gold fell to a two-and-a-half-week low in choppy and thin holiday trade on Monday, hurt by sharp outflows from the world's biggest bullion-backed exchange-traded fund (ETF) and a stronger dollar. Spot gold fell to a two-and-a-half-week low of $1,281.40, before pruning the losses to trade down 0.6 percent at $1,286.30 by …

  • Rupee lower on oil demand; seen rangebound Reuters - 1 hour 58 minutes ago

    Reuters Market Eye - The rupee is trading at 60.34/35 versus its Thursday's close of 60.29/30 on the back of dollar demand from oil importers. Traders say good dollar selling from a couple of foreign banks ...

  • Gold-i Wins Queen’s Award for Enterprise in Innovation Business Wire - 2 hours 26 minutes ago

    Gold-i, a specialist financial trading technology company, is proud to announce it has been awarded a Queen’s Award for Enterprise – the UK’s highest accolade for business success. The award was given to Gold-i for Innovation, in recognition of its achievements in disrupting a global market place by creating products …

  • The gold price has risen about 8pc since the start of the year, boosting miners’ shares

  • The board of Russia's top oil producer, Rosneft, has approved deals to sell more than 2 million tonnes of crude oil, worth more than $1.5 billion, to BP (LSE: BP.L - news) , the Kremlin (Berlin: KMLK.BE - news) -controlled company said in a regulatory filing on Monday. Last year, Rosneft announced deals worth more than …

  • China has begun allowing gold imports through its capital Beijing, sources familiar with the matter said, in a move that would help keep purchases by the world's top bullion buyer discreet at a time when it might be boosting official reserves. The opening of a third import point after Shenzhen and Shanghai could also threaten …

  • SINGAPORE (Reuters) - Gold edged higher on Monday as heightened tensions in Ukraine sparked some safe-haven buying, but fund outflows and weak physical demand continued to cloud the metal's outlook. FUNDAMENTALS ...

  • The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures edged lower in thin trade on Friday, as investors continued ...

  • Canadian company Suncor Energy says an employee has died after being "severely injured" at its oil sands site. A statement posted on the company's website says the employee was pronounced dead ...

  • Suncor Energy regretfully reports there has been an employee fatality at its Oil Sands site on Sunday, April 20, 2014.

  • French energy giants fuel UK double Telegraph - 13 hours ago

    EDF is already the biggest electricity producer in Britain and next year Total will become the leading oil and gas producer in the UK sector of the North Sea

  • Barclays (LSE: BARC.L - news) is planning to withdraw from parts of the metals, agricultural and energy markets, echoing moves by other major players like JPMorgan Chase and Morgan Stanley (Berlin: DWD.BE - news) away from the commodities business, the Financial Times reported on Sunday. The UK bank is expected to announce …

  • Rousseff looks on during the inauguration ceremony for the South Pier of the Juscelino Kubitschek International Airport in Brasilia

    Brazil´s President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former chief executive of the state-run oil company said in an interview published on Sunday. Rousseff chaired the board of Petrobras in 2006 when it approved the …

  • A TransCanada Keystone Pipeline pump station operates outside Steele City, Nebraska

    The latest delay to a final decision on the Keystone XL oil pipeline will reinforce a White House strategy to energize President Barack Obama's liberal-leaning base before fall elections in which Democrats risk losing control of the U.S. Senate. Environmentalists, worried about the project's effect on climate change, have …

  • Europe's gas supplies not at risk: EU commissioner AFP - Sun, Apr 20, 2014 09:57 BST
    Europe's gas supplies not at risk: EU commissioner

    EU Energy Commissioner Guenther Oettinger speaks during a press conference in Brussels on January 20, 2014

  • A man uses mobile phone at showroom of Toyota Motor in Beijing

    Toyota Motor Corp <7203.T> plans to make and sell hybrid versions of its Corolla and Levin sedans in China next year, fitting them with locally-made components, in its first bid to entirely manufacture gas-electric hybrids outside Japan. The backdrop to Toyota's plans are efforts by foreign and domestic automakers to kick-start …

  • Gas can spark prosperity if we work with EU Telegraph - Sat, Apr 19, 2014 23:23 BST

    ScottishPower boss welcomes Ofgem’s recent proposal to refer the energy supply and generation market for a full competition review has been just the latest manifestation of this.

  • Deadline lapses in Peru for illegal gold miners Associated Press - Sat, Apr 19, 2014 19:16 BST
    Deadline lapses in Peru for illegal gold miners

    The clock has run out for an estimated 40,000 illegal gold miners who had until Saturday to legalize their status in a region of southeastern Peru where fortune-seekers have ravaged rainforests and contaminated ...

  • Guinea to cancel BSG Resources-Vale mining rights Associated Press - Sat, Apr 19, 2014 18:56 BST

    The government of Guinea is planning to revoke the mining rights to one of the largest untapped iron ore deposits in the world, following a watchdog's recommendation. A state-sponsored committee tasked ...

  • British Gas Bonus Claims To Be Investigated Sky News - Sat, Apr 19, 2014 12:48 BST
    British Gas Bonus Claims To Be Investigated

    Claims that British Gas workers have been paid large bonuses to inflate customer bills are to be investigated by the energy regulator, Ofgem. It comes after a former employee claimed the energy company encouraged its sales staff to sign up charities, churches and small businesses to its highest-priced tariffs in order …

  • US delays review of contentious Keystone pipeline Associated Press - Fri, Apr 18, 2014 22:59 BST
    US puts off decision on Keystone XL pipeline

    The Obama administration is putting off its decision on the controversial Keystone XL oil pipeline, likely until after the November elections, indefinitely extending its review of the project. In a surprise ...

  • Asia stocks rise in abbreviated trading Associated Press - Fri, Apr 18, 2014 22:06 BST

    Asian stocks were mostly higher in trading muted by Good Friday observance. Markets in Europe, the U.S. and many countries in Asia were closed for the holiday. Oil trading also was suspended. Among the ...

  • Oil States Announces First Quarter 2014 Earnings Conference Call Thomson Reuters ONE - Fri, Apr 18, 2014 21:30 BST

    Friday, May 2, 2014 at 12:00 pm Eastern Time HOUSTON- April 18, 2014-Oil States International, Inc. (NYSE: OIS) announced today that it has scheduled its first quarter 2014 earnings conference call for ...

  • Brazil´s federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday. If the police probe leads to criminal charges against Batista, it would be yet another major blow for …

  • Turkey to seek price reduction for Russian gas AFP - Fri, Apr 18, 2014 19:07 BST
    Turkey to seek price reduction for Russian gas

    Russian gas giant Gazprom's recently built Adler thermal power plant in the Russian Black Sea resort of Sochi on November 30, 2013

  • Christie's to auction portrait of Malala by Yeo Associated Press - Fri, Apr 18, 2014 18:58 BST

    A portrait of a Pakistani teenager shot by the Taliban for championing education for girls will be auctioned next month. The oil painting by Jonathan Yeo shows Malala Yousafzai (mah-LAH'-lah YOO'-suhf-zeye) ...

  • 'Miracle on Ice' gold medal to be auctioned Associated Press - Fri, Apr 18, 2014 17:55 BST

    One of the Olympic gold medals earned after the famed "Miracle on Ice" hockey game in 1980 will be auctioned beginning next week. The Minnesota collegiate hockey player who helped Team USA beat ...

  • Reliance Q4 sales rise, refining margin narrows Reuters - Fri, Apr 18, 2014 16:12 BST
    A man walks past a Reliance Industries Limited sign board installed on a road divider in Gandhinagar

    Energy company Reliance Industries Ltd (RELI.NS) posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oil refining business offset higher revenue. Reliance, which operates the world's biggest refining complex in western India, reported net profit of 56.31 billion rupees for the …

  • Stillwater Mining production up, but VP resigns Associated Press - Fri, Apr 18, 2014 15:18 BST

    Montana's largest mining company says its precious metals production rose modestly while recycled metal volumes dropped sharply in the first quarter of 2014. Stillwater Mining Co. reported that platinum ...

  • Mont. gov proposes $45 million in oil-patch grants Associated Press - Fri, Apr 18, 2014 15:00 BST
    Mont. gov proposes $45 million in oil-patch grants

    Montana Gov. Steve Bullock proposed a $45 million grant program Thursday to ease strains on water and sewer systems in eastern Montana towns that have struggled to keep pace with the demands of the fast-growing ...

  • Reliance Industries posts flat Q4 profit, meets estimates Reuters - Fri, Apr 18, 2014 14:26 BST
    A man walks past a Reliance Industries Limited sign board installed on a road divider in Gandhinagar

    MUMBAI (Reuters) - Energy conglomerate Reliance Industries Ltd (RELI.NS) posted a flat quarterly profit, in line with estimates, hurt by a slimmer margin in its oil refining business. Reliance, which operates ...

  • City Furniture Converting Delivery Fleet to Compressed Natural Gas Business Wire - Fri, Apr 18, 2014 14:20 BST

    City Furniture has completed a $1.5 million compressed natural gas station on its Tamarac headquarters campus. South Florida’s top-selling furniture retailer, the company is one of the first U.S.

  • A man walks past a row of General Motors vehicles at a Chevrolet dealership on Woodward Avenue in Detroit, Michigan

    By setting up a fund, GM could avert years of civil litigation and limit its financial and reputational harm. GM has retained Kenneth Feinberg, a Washington lawyer who has overseen compensation funds for victims of high-profile catastrophes like the BP Plc oil spill and the September 11, 2001, attacks. Feinberg told CNBC …

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