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(Paul White/(AP photo)

Repsol’s CEO courts skeptical investors after $13 billion deal

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Based on analysts’ target prices, Repsol is expected to underperform the 18-member Bloomberg Intelligence Global Integrated Oil Index. That’s despite it being only one of five companies where profits are predicted to rise next year.
U.S. Secretary of State John Kerry waits for the start of a meeting on Iran's nuclear program with officials from Britain, France, Germany, China, the European Union and Iran at the Beau Rivage Palace Hotel in Lausanne, Switzerland Tuesday, March 31, 2015. (AP Photo/Brendan Smialowski, Pool)

Iran nuclear deal’s final push sees Kerry, Zarif meet in Vienna

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Diplomats have predicted talks will run past the June 30 deadline and that foreign ministers from the other negotiating countries — China, France, Germany, Russia and the U.K. — will need to join in.
Erik Jones (54) drives past Regan Smith (7) during the NASCAR Xfinity series auto race at Chicagoland Speedway, Sunday, June 21, 2015, in Joliet, Ill. (AP Photo/Nam Y. Huh)

For godfather of ethanol, a bet on Nascar with high stakes

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While the sponsorship has raised the profile of ethanol among race fans, it’s done little to quiet a decade-old debate about whether ethanol is a renewable-fuels godsend or a government-subsidized mistake.
Power lines, owned by Energy Future Holdings, near the Lake Hubbard Power Plant near Dallas. (Allison V. Smith/The New York Times)

Energy Future Holdings calls off sale of power business amid $42 billion bankruptcy

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Energy Future filed its $42 billion bankruptcy last year with a plan to break itself in two, giving each part to different sets of creditors. Groups that felt left out of that proposal have been fighting since then.
Iranian President Hassan Rouhani pauses before delivering the country's draft budget to the parliament speaker at the parliament in Tehran, Iran, Sunday, Dec. 7, 2014. (AP Photo/Vahid Salemi)

Why Iran’s big moment could be years away

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Major investments, however, may take years as companies weigh the risk of Iran violating the agreement, which would bring sanctions back, according to analysts and former officials. Decades of hostile relations with Western powers and tight scrutiny by the U.S. Congress and Treasury could also make many investors reluctant to jump back right away.
Motorists drive past a gas station selling regular unleaded gasoline for less than $3.00 a gallon Nov. 26 in Independence, Mo. The nationwide average price for a gallon of gas was up to $3.25, according to AAA Monday. (AP Photo/Charlie Riedel)

Americans to celebrate Independence Day with road trips

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Americans have driven a record 987.8 billion miles in the first four months of 2015, and they’ll be filling up on the cheapest July 4 gasoline in five years.
(AP Photo/Hasan Jamali, File)

Iran will struggle to ramp up oil production after sanctions deal, Wood Mac says

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Iran and world powers are working towards an agreement that would ease sanctions on the OPEC member’s oil sales in return for curtailing its nuclear activity.
(AP file photo/George Osodi)

OPEC crude market share at its lowest in more than a decade

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The erosion of OPEC’s dominance by surging North American shale oil prompted the group to abandon its decades-long role of balancing world markets at a meeting in November.
The Pearl gas-to-liquids plant in Qatar is the largest in the world. A&M has established a new research center in Qatar to delve into shale gas studies and train students for jobs in gas processing. (Photo: Shell)

Qatar Petroleum expanding overseas with focus on production

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QP has shifted priorities since leading Qatar’s transformation into the largest LNG supplier and is seeking now to manage a slump in the nation’s oil output while expanding internationally.
Several hundred youth who marched from Georgetown University to the White House to protest the Keystone XL Pipeline are arrested outside the White House in Washington, Sunday, March 2, 2014. (AP Photo/Susan Walsh)

College divestment pledges are mostly empty gestures

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Almost three dozen colleges have announced fossil-fuel divestment pledges over the last three years, and their actions tend to have less substance than advertised.