Royal Dutch Shell PLC News
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Lukas Lundin, investment manager for his billionaire Swedish family, said the oil stock bearing their name should double in value this decade after making its biggest North Sea discovery.
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Oil-price manipulation may have wrought “huge” damage to consumers, the European Union’s antitrust chief said today, as he drew comparisons with EU investigations into rigging of bank rates including Libor.
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CPC Corp., Taiwan’s state-run energy company and importer of liquefied natural gas, is scheduled to receive a spot cargo from Nigeria today at its Yongan terminal, according to ship tracking data.
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Millions of people may be affected by the suspected oil-price manipulation being probed by the European Union, according to EU Competition Commissioner Joaquin Almunia’s most senior aide.
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The following is a selection of the most important news affecting the oil market.
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Petroleo Brasileiro SA, the most indebted publicly-traded oil company, rejected all offers for its Argentine assets after at least four months of talks as it seeks to raise $9.9 billion through sales and cost cuts.
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Royal Dutch Shell Plc, Europe’s largest oil company, urged Australia to prioritize education to boost skilled worker numbers and encourage technological developments to counter the threat of high costs.
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Nigerian police rescued four foreign oil workers abducted on April 22 off the coast of Bayelsa state, in the Niger River delta, authorities said today.
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The three oil producers under investigation by the European Commission for manipulating oil prices are being sued in a class-action lawsuit in the U.S.
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Marathon Oil Corp. ended talks to sell part of its stake in the Athabasca Oil Sands Project as Canadian oil sands deals languish in the face of low heavy crude prices and competing U.S. shale investments.
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