Iraq joined Saudi Arabia in pumping more oil as OPEC members defend market share against higher-cost producers. Brent crude has climbed 10 percent this year, spurring speculation that higher prices will lead to even more output and prolong a surplus.
The announcement that investigators were considering whether to charge Mikhail Khodorkovsky with ordering the killing came as he is becoming an increasingly strong voice in Russian opposition politics.
The high court’s ruling undermined Obama administration regulations targeting mercury and other hazardous air pollutants — a different set of regulations from the greenhouse gas limits that Obama is counting on to slow the effects of global warming.
Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and Italy toward the end of 2015 and early 2016, while Cairn Energy Plc and Savannah Petroleum Plc plan wells in West Africa.
Department of Environmental Conservation Commissioner Joe Martens announced the decision Monday, saying a ban was the “only reasonable alternative” after “years of exhaustive research and examination of the science and facts.”
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