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(Eddie Seal/Bloomberg)

Blackstone CEO sees ‘remarkable’ opportunities in slumping oil

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Most of Blackstone’s energy investments aren’t in oil, meaning its exposure to lower oil prices is limited, CEO Stephen Schwarzman said.
Business deal finalized, congratulations!

Dynegy gets federal OK to buy Duke, Energy Capital plants

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In buying the units, which sell power in competitive wholesale markets, Dynegy will nearly double the company’s electricity generation capacity.
conoco

ConocoPhillips hires Scotiabank to sell some Canadian assets

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Details on the sale from the Houston-based company will be provided in the second quarter, according to Scotiabank.
(David Paul Morris/Bloomberg)

Chevron seeks over $3.6 billion for Caltex Australia stake

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The deal is the largest block trade ever in Australia, exceeding Royal Dutch Shell Plc’s sale of Woodside Petroleum Ltd. shares in 2010 for about A$3.3 billion.
(AP Photo/Channi Anand)

India said to mull lowering natural gas price 10 percent as energy costs plunge

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The government continues to work on a plan to allow a premium for gas produced from deep-water fields, the official said.
Moscow's Red Square (AP Photo/Alexander Zemlianichenko)

Russia sets terms for $1.7 billion Schlumberger-Eurasia deal

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Russia’s commission on foreign investment will meet the U.S. oil-services company to go through the conditions in the next 10 days, Igor Artyemev, head of Russia’s anti-monopoly service, said Thursday in Moscow.
A Houthi Shiite fighter stand guard as people search for survivors under the rubble of houses destroyed by Saudi airstrikes near Sanaa Airport, Yemen, Thursday, March 26, 2015. (AP Photo/Hani Mohammed)

Yemen bombing spurs gains in almost all commodities as oil jumps

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Saudi Arabia led a coalition of Sunni allies, including United Arab Emirates, Kuwait, Bahrain and Qatar, in air strikes in Yemen against Shiite rebels.
A General Electric Co. employee assembles a component for a gas turbine at the company's factory in Belfort, France. (Fabrice Dimier/Bloomberg)

GE increases oil field equipment job cuts to 575

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The move comes after GE notified regulators in January of plans to cut 330 positions in a division acquired in 2013.
(Photographer: Andrey Rudakov/Bloomberg)

Shell sells Nigerian oil lease for $1.7 billion to local company

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The divestment is part of Shell’s strategic review of its onshore portfolio in the West African nation and “is in line with the Federal Government of Nigeria’s aim of developing Nigerian companies in the country’s upstream oil and gas business,” it said in a statement on Wednesday.
Iran's supreme leader, Ayatollah Ali
Khamenei (Bloomberg News/ILNA/document IRAN)

Iran is waiting to flood the market with as much as 35 million barrels of crude

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If a deal on its nuclear program is reached, the Persian Gulf nation could add its stockpiles into an oversupplied oil market where prices have fallen more than 50 percent since June.