China in Line as U.S. Rival for Canada Oil
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Chinese energy companies are on the verge of striking deals in Canada in efforts to win access to some of the most prized oil reserves in North America.
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TORONTO  - China&#39;s government has launched a new bid to buy Canadian oil and gas giant Husky Energy Inc. from Hong Kong tycoon Li Ka Shing, a report said.
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WASHINGTON -- Despite record oil prices and strong projected demand from China and the United States, major oil firms are skimping on their exploration budgets and pocketing big profits while waiting out the storm of high prices, oil analysts say.
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Global oil prices raced to fresh highs  on Friday carrying U.S. crude close to $49 a barrel, driven by  escalating violence in Iraq and unabated demand growth from  China and India.
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Oil rebounded from sharp recent losses  on Friday as China reported a fresh record in crude imports and  a U.S. cold snap was expected to keep up demand for heating  fuels.
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After clashes over clothes and shoe imports, the European Union, the United States and Canada joined forces to seek a World Trade Organization ruling against China in a dispute over car parts.
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Russia is toying with China and Japan, both of which are courting its oil, in a pipeline drama that could see the downtrodden giant Yukos and its assets play the clinching role.
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Crude hovers around $46 a barrel amid demand from most populous country, damage reports from Ivan. LONDON  - Oil prices held above $46 a barrel Tuesday as China showed no letup in its strong demand
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Canada has joined China and Russia on the U.S. software, music and movie industries' annual list of countries with the worst record of fighting piracy of copyright goods, an industry coalition said on Monday.
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Oil prices simmered near $55 a barrel  on Friday on rising fears of a winter fuel supply crunch and  robust but slowing economic growth in China, the world's number  two user.
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Ford Motor Co. of Canada&#39;s rivals will be watching closely today as the automaker makes a widely-anticipated announcement confirming its plans to build a $1-billion flexible manufacturing plant in Oakville, Ont.
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Oil prices simmered near $55 a barrel on  Friday on rising fears of a winter fuel supply crunch and  robust but slowing economic growth in China, the world's number  two user.
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By Arkady Ostrovsky in Moscow, James Boxell in London and Doug,Cameron in Houston. Gazprom, Russia&#39;s state-backed gas monopoly, could team up with one of the major international oil groups in a bid for the
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PetroChina, Chinaâs largest oil and gas producer, said it planned to make an initial public offering of shares in Shanghai that may be Chinaâs largest, raising more than $9 billion.
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MOSCOW - Chinese Prime Minister Wen Jiabao arrived in Moscow yesterday for talks dominated by a threat to Russian oil supplies to China and Beijing&#39;s lobbying for a pipeline between the two countries.
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Global oil prices raced to fresh highs on Friday with US crude approaching $49, driven by escalating violence in Iraq and unabated demand growth from China and India.
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HONG KONG, Dec. 17 â China will buy four Westinghouse nuclear reactors in a deal that shows the continued attractiveness of American technology, but may also stir worries in Washington that the United States is selling its competitive advantage an industry at a time.