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A CenterPoint Energy employee in Houston on May 21, 2013. (Cody Duty / Houston Chronicle)

CenterPoint Energy soars after activist investor discloses stake

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U.S. Federal Trade Commission notice dated Thursday shows a unit of Elliott Management, the $27 billion hedge fund run by billionaire Paul Singer, was granted approval for an acquisition involving the company.
(Spencer Platt/Getty Images)

Oil investors are $230 billion poorer a week after OPEC decision

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Crude’s slump has lasted for more than 18 months, making it one of the longest downturns in decades and forcing companies to slash spending, reduce their workforce and delay projects.
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Brent crude falls to lowest since 2008

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Oil prices have slumped to levels last seen during the global financial crisis as a result of OPEC’s strategy to defend market share against higher-cost producers.
A OPEC logo sits on a sign outside the 167th Organization of Petroleum Exporting Countries (OPEC) conference in Vienna, Austria, on Friday, June 5, 2015. The Organization of Petroleum Exporting Countries has exceeded its own target of 30 million barrels a day for 12 straight months. Photographer: Lisi Niesner/Bloomberg

OPEC’s next battle ground will be choosing new top official

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As it became clear last week in Vienna that a push for oil production cuts was failing, ministers from Venezuela, Algeria, Iran and Ecuador huddled around OPEC’s conference table and tried a different tack in their quest to boost crude prices.
An employee works on oil pumping gear, also known as nodding donkeys or pump jacks, at an oil plant operated by MND AS in Uhrice, Czech Republic, on Monday, March 23, 2015. Oil rose as the dollar weakened for a third day, making commodities priced in the U.S. currency more attractive to investors. Photographer: Martin Divisek/Bloomberg

Billions of barrels of oil vanish in a puff of accounting smoke

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Across the American shale patch, companies are being forced to square their reported oil reserves with hard economic reality.
Oil workers pass a pumping unit, also known as a "nodding donkey" or pumping jack, left, at a drilling site operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Exporter currencies finding relief amid oil rout

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Norway’s krone jumped from its lowest in more than 13 years, while South Africa’s rand and the Colombian peso climbed from record lows. The Brazilian real led gains versus the U.S. currency, rising to its highest since Nov. 27.
The Dow Chemical Co. logo is displayed on the company's headquarters  in Midland, Michigan, U.S., on Friday, July 22, 2011. Dow, the largest U.S. chemical maker, is expected to announce quarterly earnings on July 27. Photographer:Frank Polich/Bloomberg

Dow Chemical, DuPont said to be in late-stage talks about merger

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An accord may be announced as soon as this week, said the people, who asked not to be identified because the information is private.
Dump trucks loaded with oil sands drive through the Suncor Energy Inc. mine in this aerial photograph taken near Fort McMurray, Alberta, Canada, on Thursday, June 4, 2015. (Ben Nelms/Bloomberg

Freeport-McMoran cuts spending amid commodities plunge

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Freeport becomes the second big miner in two days to halt dividends and downsize operations after Anglo American Plc said Tuesday it planned to shed assets to stay afloat with prices showing no signs of a recovery from the lowest levels in six years.
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Moody’s: Gasoline savings turning into extra holiday spending in U.S.

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The decline has been a modest tailwind for consumer spending this year and provided a bigger boost to household savings.
An employee uses a wrench to adjust a valve on oil pumping gear, also known as nodding donkeys or pump jacks, at an oil plant operated by MND AS in Uhrice, Czech Republic, on Monday, March 23, 2015. Oil rose as the dollar weakened for a third day, making commodities priced in the U.S. currency more attractive to investors. Photographer: Martin Divisek/Bloomberg

Brent crude drops below $40 for first time in almost seven years

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Brent crude fell 2.1 percent to $39.88 a barrel at 1:45 p.m. London time Tuesday, the lowest since Feb. 20, 2009.