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Oil rises as East Coast refining resumes

Business | Energy
2011-8-31

OIL rose to near US$89 per barrel yesterday on expectations that supplies will be tighter in the wake of Hurricane Irene. The storm forced several refineries and petroleum terminals to reduce production or shut...

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Oil rises on stronger consumer spending

Business | Energy
2011-8-30

OIL prices rose Monday after the U.S. government said consumers spent more in July, easing concerns about another recession. It was the latest in a series of reports that indicated the economy improved last month,...

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Oil firms to pass gas to JV

Business | Energy
2011-8-30

MANY of the world's biggest energy companies may have to surrender most of the gas from Iraq's vast southern oilfields to a processing and export project led by Shell, a final draft contract between Baghdad and Europe's...

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Convertible bonds lose their power

Business | Energy
2011-8-30

CONVERTIBLE bonds issued by Chinese solar-panel makers are handing investors the steepest losses in almost three years as overcapacity causes product prices to tumble, wiping out earnings and putting credit ratings...

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Source of power

Business | Energy
2011-8-29

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Scientists work on 'man-made sun'

Business | Energy
2011-8-29

THE congenial Professor Duan Xuru doesn't look like a stereotypical mad scientist as he shows guests into a cluttered laboratory filled with canisters, vacuum pumps and patched-up pipes tied together with spirals...

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Sinopec posts record H1 profit on higher prices

Business | Energy
2011-8-29

CHINA Petroleum & Chemical Corp, Asia's biggest refiner, posted record half-year profit that beat analyst estimates after the government raised gasoline and diesel prices to help fuel producers cope with rising crude...

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Oil falls on slow economic growth

Business | Energy
2011-8-27

OIL held above US$85 per barrel yesterday on news that the US economy didn't grow as fast as previously expected. Slower growth lowers energy demand. The government said yesterday that the economy grew at just...

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Shaanxi Coal applies for IPO

Business | Energy
2011-8-27

SHAANXI Coal Industry is seeking to launch an initial public offering on the Shanghai Stock Exchange to raise 17.3 billion yuan (US$2.7 billion). The China Securities Regulatory Commission will review Shaanxi Coal's...

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Shaanxi Coal eyes 17.3b yuan IPO

Business | Energy
2011-8-26

SHAANXI Coal Industry has applied to enter into an initial public offering in Shanghai to fund 17.3 billion yuan (US$2.7 billion) of spending. The China Securities Regulatory Commission said it would review Shaanxi...

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Oil rises as Irene heads for the East Coast

Business | Energy
2011-8-26

OIL rose yesterday as concerns grew about the potential impact of Hurricane Irene on US oil and gas supplies. Benchmark West Texas Intermediate crude rose 14 cents to finish at US$85.30 per barrel in New York....

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PetroChina net earnings up 1%

Business | Energy
2011-8-26

PETROCHINA Co managed to eke out a 1 percent gain in first-half net earnings as higher oil prices and output offset the losses in the company's refining and gas import business. Net profit in the first six months...

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International oil higher on supply concerns

Business | Energy
2011-8-25

INTERNATIONAL oil prices finished the day slightly higher because of uncertainty about global supplies. Dictator Moammar Gadhafi may be on his way out, but it's far from clear when Libya's oil will be back on...

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CNOOC's H1 profit rises 51%

Business | Energy
2011-8-25

CNOOC Ltd, China's dominant offshore oil and gas producer, posted a better-than-expected 51 percent surge in half-year earnings on rising crude prices, but revised downwards its 2011 production target because of oil...

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Oil above US$85 on positive economic news

Business | Energy
2011-8-24

OIL rose above US$85 per barrel yesterday on encouraging economic news from Asia and Europe. Prices climbed following reports of better-than-expected manufacturing activity in China and Europe. And stocks rose...