Tanker deal nears OK
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WASHINGTON - Legislation that would allow the Air Force to buy outright 100 new aerial refueling tankers was expected to be approved by the House on Friday, and a Washington state congressman said language in the bill would ensure the deal would involve
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Crude oil futures traded near a record after rising above $51 a barrel yesterday on concern hurricane damage to production platforms in the Gulf of Mexico will keep supplies from rising enough to meet winter demand.
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Lockheed Martin Corp. hasn&#39;t ruled out bidding on a contract to supply air tankers to the Air Force, Chief Executive Robert Stevens said Wednesday.
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Crude oil futures eased slightly Monday but remained close to the US$50 barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter, market-watchers said.
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A definite... maybe. Lockheed Martin (nyse: LMT - news - people ) Chief Executive Robert Stevens says the firm hasn&#39;t ruled out bidding on a contract to supply air tankers to the Air Force.
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Limited shipping could resume on the Delaware River south of Philadelphia as early as today after an oil spill late last week halted vessels, the US Coast Guard said.
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Oil steadied at a seven-day high of   just under $63 a barrel on Thursday, following the previous   day's $2 leap as traders awaited clearer signs from OPEC on   whether it would cut output to counter swelling U.S. stocks.
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Oil steadied near $63 a barrel on   Thursday, holding onto the previous day's gains supported by   investment fund buying and speculation that OPEC could trim   output to bolster prices.
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Oil prices inched closer to $50 a barrel Thursday even as the Bush administration considered tapping the nation&#39;s emergency stockpile of crude on behalf of refiners whose supply was disrupted by Hurricane Ivan.
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A group led by Kohlberg Kravis Roberts & Company and the Texas Pacific Group is near a deal to acquire the TXU Corporation.
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Oil prices held firm around $55 a  barrel on Wednesday as traders braced for the start of the  northern winter with thin heating oil supplies.
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When it comes to taking oil and natural gas from government land and waters, the oil companies are getting a good deal, says a congressional report.
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HOUSTON, Sept. 24 -- Oil futures prices continued to climb Thursday as traders shrugged off a decision by the US Department of Energy to loan two refiners a relatively small amount of crude from the Strategic Petroleum Reserve.
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With $50-a-barrel in sight, oil traders were glued Friday to developments in Iraq, where tensions between US forces and rebel fighters appeared to ease, raising hopes that attacks against the country&#39;s oil infrastructure would subside.
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By JAY FITZGERALD  State environmental regulators have given a tentative thumbs up to another proposed offshore LNG unloading buoy off of Gloucester, after squeezing about $23.5 million in concessions to offset any damage to the fishing industry.
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Crude oil futures eased slightly Monday but remained close to the $50 a barrel level amid lingering concerns about shortages of heating oil at the start of the Northern Hemisphere winter.
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WASHINGTON  - Authorities near Philadelphia battled to contain an oil slick after a Cyprus-flagged tanker on its way to a Citgo refinery spilled 30,000 gallons (114,000 liters) of crude into a nearby river, the US Coast Guard said.