Bruce Stanley News
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West Texas Intermediate halted a two-day decline as industrial output in the euro-area increased unexpectedly in April. The International Energy Agency trimmed demand estimates for OPEC’s crude.
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Massey Energy Co., dealing with the death of 29 miners at one of its West Virginia coal mines, is being investigated by the FBI for possible bribery of state and federal inspectors, a person familiar with the probe said.
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Most U.S. stocks rose, led by financial shares, as the Standard & Poor’s 500 Index extended its rally past 1,600. The euro fell as European Central Bank President Mario Draghi said policy will remain accommodative and the ECB will act again to boost growth if needed.
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Iraq’s Kurdish region could export 250,000 barrels of oil a day this year and is “on track” with discoveries to ship 1 million barrels a day by 2015 and 2 million by 2019, its natural resources minister said.
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Massey Energy Co., dealing with the death of 29 miners at one of its West Virginia coal mines, is being investigated by the FBI for possible bribery of state and federal inspectors, a person familiar with the probe said.
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Sonatrach, the Algerian state-run oil producer, set Saharan crude for April loading at a premium of $1.10 a barrel more than North Sea Dated Brent.
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Talks on Iran’s nuclear program resumed today after a gap of more than a year, with Israel and the U.S. threatening military strikes to prevent the Islamic Republic from developing atomic weapons.
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An explosion in a small replica cannon on a Greek tour boat killed the 51-year-old captain and slightly injured six others, the Hellenic Coast Guard said.
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Dubai set the price for crude oil to be lifted in August at a 25-cent discount to the Omani crude futures, the emirate’s Department of Petroleum Affairs said in an e-mailed statement today.
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Oman produced 900,831 barrels of crude and condensate a day in July, according to the country’s oil and gas ministry.
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