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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.
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)

Russia eclipses Saudi Arabia in fight for oil market share in China

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China is becoming a key market for global oil exporters as surging output from shale fields from Texas to North Dakota allows the U.S., the biggest crude consumer, to rely less on overseas supplies.
(Carla Gottgens/Bloomberg)

How the European oil industry decided to save the climate

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As BP Chief Executive Officer Bob Dudley recalls, it all started with himself and his peers from Statoil, Total and Royal Dutch Shell, on stage at the forum debating their response to the climate change challenge.
In this Thursday April 2, 2015, handout photo provided by Petroleos Mexicanos (Pemex), emergency boats works to put out a fire at the Abkatun-A Permanente shallow-water oil platform in the Campeche Sound. Three workers are missing following the huge blaze on the platform in the Gulf of Mexico that killed four workers and burned for hours, Mexico's state oil company said Thursday. (AP Photo/Pemex)

Fire, oil leak reported at Pemex offshore oil rig

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The accident at the Akal-H platform is Pemex’s third since April 1, when seven people died in a fire at the Abkatun A- Permanente platform. Two other workers died last month when a jack-up rig operated by Typhoon Offshore SAPI de CV collapsed in the Campeche Bay.
MARCELLUS SHALE

Vantage Energy said to explore sale after scrapping IPO in 2014

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The Englewood, Colorado-based company is working with Barclays Plc to find a buyer, said the people, who asked not to be identified because the information is private.