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(AP file photo/Paul Sakuma)

GE Power sales boost profit past estimates amid oil slump

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Fallout from the global rout in oil markets showed up in GE’s sales, which trailed analysts’ estimates.
(AP file photo/Hasan Jamali)

Saudi Arabia adds half a Bakken to global oil market in a month

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Prices collapsed almost 50 percent last year as Saudi Arabia led OPEC in maintaining production in the face of a global glut.
(Photo by Andrew Burton/Getty Images)

Shale output is falling faster than expected

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Just five months after Saudi Arabia put the market into a tailspin by refusing to cut supply despite a global glut, the shale oil industry will record its first monthly dip since 2013.
Shell CEO Ben van Beurden (AFP PHOTO/ROYAL DUTCH SHELL/REINIER GERRITSEN)

Oil CEO wages immune to price slump as shareholders vote on pay

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“The only people not hit by the drop in oil price are the CEOs running the companies,” said Gregory Elders, a London-based analyst at Bloomberg Intelligence.
Prime Minister Vladimir Putin of Russia visits an oil rig in the Caspian Sea operated by Lukoil, April 28, 2010. (Alexei Druzhinin/Pool via The New York Times)

Allowing Iran’s oil back onto markets could cost Russia $27 billion

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A deal with world powers over Iran’s nuclear program has the potential to shift the balance of power in the Middle East as Iran competes against Saudi Arabia, a U.S. ally.
Oil Barrels

Bullish bets on oil increase

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e funds boosted net-long positions on West Texas Intermediate crude by 30 percent in the seven days ended April 7, the biggest jump since October 2010, U.S. Commodity Futures Trading Commission data show
(AP Photo/Diamond Offshore)

Houston oil company among five caught in legal battle over new U.K.-Argentina Falkland Islands fight

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Argentina filed criminal charges Thursday at the general prosecutor’s office in Buenos Aires against five U.K. and U.S. oil companies.
(Photo by NOAA via Getty Images)

The Atlantic Ocean could have one of its quietest hurricane seasons in years

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About 4 percent of U.S. natural gas and 17 percent of oil production is centered in the Gulf.
(Photographer: Andrey Rudakov/Bloomberg)

Shell deal brings relief to Dutch companies used to being prey

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Ten benchmark Dutch stocks, or just under half the 25 spots that make up the Amsterdam Exchanges Index, have been acquired since 2007, when ABN Amro Holding NV was snapped up for $100 billion by a consortium led by Royal Bank of Scotland Plc.
Iran's supreme leader, Ayatollah Ali
Khamenei (Bloomberg News/ILNA/document IRAN)

Iran’s supreme leader refrains from endorsing nuclear deal

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In his first public comments addressing the April 2 pact was outlined in Lausanne, Switzerland, Khamenei said on Thursday he was “neither for it, nor against it,” according to a report by the official Islamic Republic News Agency.