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Iran nuclear deal must end all sanctions, Rouhani tells rally

Rouhani said on Wednesday that since taking office in 2013 his government had been able to escape a “dead end” in its relations with the outside world  More »

OPEC producers cut oil prices to Asia in battle for market share

The cuts come after Saudi Arabia, the largest crude exporter, reduced pricing to Asia last week to the lowest in at least 14 years.  More »

Wind company paying first dividend since 2003 in industry rebound

After slashing 3,000 jobs since 2011 and closing a third of its factories to survive a plunge in turbine prices, Vestas today reported its first full-year profit since 2010.  More »

Angola plans 25 percent budget cut as oil revenue plunges

Oil prices have slumped by more than half since June, threatening producers such as Angola, which relies on crude for almost all of its exports and more than two thirds of government income.  More »

Crude prices fall on increasing U.S. supply

After gaining more than $5 since Jan. 28, oil is still about half its June peak amid a global surplus that Iran’s oil minister estimates at 2 million barrels a day.  More »

Occidental pledges to $500 million oil exploration project in UAE

Abu Dhabi, the largest emirate in the United Arab Emirates, is seeking to boost oil production capacity to 3.5 million barrels a day by the end of 2017.  More »

Russia battles over billions in oil taxes amid crude price crash

On the brink of its first recession since 2009, Russia’s state coffers are being depleted by lower energy revenue as sanctions and a plunging ruble put further pressure on the economy.  More »

Biggest oil trader says fresh price drop possible on U.S. supply

As the U.S. pumps the most oil in three decades, OPEC has responded by maintaining its own output to keep market share.  More »

Citi: Oil could plunge to $20, and this might be ‘the end of OPEC’

Despite global declines in spending that have driven up oil prices in recent weeks, oil production in the U.S. is still rising, wrote Edward Morse, Citigroup’s global head of commodity research.  More »

BG Group’s new CEO Lund starts three weeks early amid oil crash

Norway’s Statoil ASA, which Lund led until October last year, agreed last week to release him from his contractual commitments, BG said in a statement today.  More »

Oil prices rise after OPEC cuts forecast for U.S. output

The group said it may boost global demand forecasts beyond this month’s slight increase amid rising U.S. gasoline use.  More »

Koch brothers worth $100 billion lead oil moguls on rise

Much of the gain was fueled by oil. Brent crude climbed more than 9 percent, adding to an 8.6 percent gain last week. It’s still about half the price it was in June.  More »

Oil on track for biggest two-week gain in 17 years

Oil has rebounded as companies including Statoil ASA, BP Plc and Royal Dutch Shell Plc have reduced investments in response to the market’s collapse.  More »

Statoil deepens spending cuts amid oil price rout

Statoil said Friday its earnings were eroded by sagging oil prices and impairment losses linked to its international operations.  More »

Crude price gains erase declines to settle above $50

West Texas Intermediate gained 4.2 percent, erasing an earlier 2.3 percent decline.  More »