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(AP Photo/Hussein Malla, File)

Libya’s biggest oil port may reopen as groups vie for buyers

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Libya, holder of Africa’s largest oil reserves, has been split since last year when a coalition of Islamist militias captured Tripoli, forcing the elected government to move to the eastern region.
Categories: General
(Daniel Acker/Bloomberg)

Record gasoline output to curb biggest U.S. oil glut in 85 years

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Refiners are enjoying the best margins in two years as they finish seasonal maintenance of their plants before the summer driving season.
People wave Russian flags as they look at Russian President Vladimir Putin delivering a speech on a screen on March 18, 2014, in Sevastopol.  (VIKTOR DRACHEV/AFP/Getty Images)

Ruble trims weekly gain with stocks after oil drops on Iran deal

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The ruble’s strength amid weaker oil prices risks exacerbating a budget shortfall that’s forecast to be the widest since 2010.
From left, EU High Representative for Foreign Affairs and Security Policy, Federica Mogherini, Iranian Foreign Minister, Mohammad Javad Zarif, British Foreign Secretary, Philip Hammond, and U.S. Secretary of State, John Kerry, line up for a press announcement after the end of a new round of Nuclear Iran Talks in the Learning Center at the Swiss federal Institute of Technology (EPFL), in Lausanne, Switzerland, Thursday, April 2, 2015. (AP Photo/Keystone, Jean-Christophe Bott)

Iran moves closer to restoring oil exports on nuclear accord

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Minutes after the deal was announced, Brent crude, the global benchmark, fell as much as 5.4 percent.
Mining trucks carry loads of oil-laden sand at the Albian Sands oils sands project in Ft. McMurray, Alberta. (AP file photo/Jeff McIntosh)

Oil sands developer denied bid to restructure in Canada

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Connacher, an oils-sands developer, was seeking an Alberta court’s approval to swap C$1 billion ($796 million) of bonds for equity and to issue $35 million of convertible notes.
View of the Abkatun A-Permanente platform on fire on the Gulf of Mexico's Campeche Sound on April 1, 2015. An explosion and a fire erupted on an offshore oil platform operated by Mexico's Pemex on Wednesday, killing at least four workers, injuring 16 and forcing 300 to be evacuated.    (AFP PHOTO/ STRSTR/AFP/Getty Images)

Pemex says it will meet deliveries despite massive oil platform explosion

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Four workers died including one from Mexican oil services provider Cotemar SA and 16 others were injured Wednesday after a fire on the Abkatun platform in the Gulf of Mexico.
A well is drilled at an Apache Energy site in the Permian Basin in Midland, Texas, Feb. 14, 2012. (Jim Wilson/The New York Times)

Fracking operators ran up 2.5 violations a day, study shows

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The NRDC report tabulated citations issued by inspectors for breaching rules adopted to make sure wells are constructed soundly and the wastewater is handled safely.
From left, EU High Representative for Foreign Affairs and Security Policy, Federica Mogherini, Iranian Foreign Minister, Mohammad Javad Zarif, British Foreign Secretary, Philip Hammond, and U.S. Secretary of State, John Kerry, line up for a press announcement after the end of a new round of Nuclear Iran Talks in the Learning Center at the Swiss federal Institute of Technology (EPFL), in Lausanne, Switzerland, Thursday, April 2, 2015. (AP Photo/Keystone, Jean-Christophe Bott)

Oil extends losses after Iran, world powers agree outline deal

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Oil extended losses after Iran and world powers said they reached an outline accord that keeps them on track to end a decade-long nuclear dispute.
(AFP/Getty Images)

Petrobras pension fund losses said to reach $1.9 billion

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Founded in 1970, Petros is Brazil’s second biggest pension fund with more than 72 billion reais under management in 2013.
A driver refuels her car at a gas station of PetroChina, a subsidiary of CNPC (China National Petroleum Corporation), in Luoyang city, central China's Henan province, 19 August 2014. (File, Bloomberg)

China’s fuel demand to peak sooner than oil giants expect

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Sinopec has offered a view of the country that should serve as a reality check to any oil bull.