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Iran will probably start increasing exports by selling barrels it stockpiled on tankers in the Persian Gulf in anticipation of the deal.
Brent crude extended its biggest one-day collapse in three years amid speculation OPEC will refrain from eliminating a glut.
The price of oil remained above $104 a barrel Tuesday as investors weighed how the conflicts in Ukraine and Libya were likely to affect crude supplies.
The price of oil dipped slightly on Monday as a report on manufacturing in China signaled that a recovery in the world’s No. 2 economy would continue to be uneven.
More direct northern sea routes may be opening up in the Arctic, as the melting of the ice has made previously unnavigable routes a growing possibility for large ships, including tankers carrying oil and gas, an expert said Wednesday at the Third Houston Shipping and Offshore Conference.
Not all sports are created equal, and that means some of them need power. So a community in Massachusetts decided to build a solar-powered ice hockey rink for its youth hockey league, and an audience of up to 700 people. Cost: $6 million.