Gov&#39;t Set to Make Oil Loans to Refiners
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With oil near $50 a barrel, the Bush administration said on Thursday it will negotiate with refineries that want to borrow oil from the federal emergency stockpile to offset supplies disrupted by Hurricane Ivan.
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Kuwait City - A power failure on Sunday affecting most of Kuwait forced a shutdown of the country&#39;s three oil refineries, which could take two or three days to restart, but the nation&#39;s energy minister said oil production would not be affected.
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By Joe Walker, The Paducah Sun, Ky.  Dec. 13--Because of federal funding restrictions, public meetings for a proposed 1,000-job nuclear fuel recycling plant here won't be held until at least the latter part of 2007.
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A third of the countryâs oil refineries have reported disruptions like fires, power failures, leaks, spills and breakdowns this year.
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The Bush administration is moving toward releasing oil from the nation's emergency stockpiles as a result of disruptions to production and imports caused by Hurricane Ivan.
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OAO Yukos Oil Co. missed interest payments yesterday on a $1 billion loan, leading Standard &amp; Poor&#39;s to cut its grade for the oil producer&#39;s debt to default.
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The Bush administration announced Thursday it would provide U.S. refineries with "limited quantities" of crude oil from the nation's emergency stockpile to help offset supply disruptions along the Gulf Coast from Hurricane Ivan.
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The Energy Department is reviewing requests for oil loans from the Strategic Petroleum Reserve following the recent hurricanes, the government said today.
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WASHINGTON -- Oil prices inched closer to $50 a barrel yesterday even as the Bush administration offered to tap the nation's emergency stockpile of crude on behalf of refiners whose supply was disrupted by Hurricane Ivan.
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With oil near $50 a barrel, the Bush  administration said on Thursday it will negotiate with  refineries that want to borrow oil from the federal emergency  stockpile to offset supplies disrupted by Hurricane Ivan.
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Shell and other oil companies sought loans from the US reserve after Hurricane Ivan disrupted oil imports and production. While the added supply from the Strategic Petroleum Reserve
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An agreement has been reached to lend 1.7 million barrels of oil from the government&#39;s Strategic Petroleum Reserve to two companies whose refineries were running short of crude
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Although the recent flurry of record oil prices might be temporary, government analysts said Thursday that $30-a-barrel oil should be expected for decades to come.
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MOSCOW  - Russia's natural resources minister said Monday foreign companies would be welcome to help develop offshore oil fields, the same day a senior U.S. diplomat expressed concern about the minister's earlier statement that foreign access to oil and gas deposits would be limited.
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WASHINGTON - Finance officials failed to resolve their differences over debt relief for the world's poorest countries and Iraq while expressing concern about the impact high oil prices would have on a strengthening global economy.    The ministers and central bank governors attended weekend steering committee meetings of the International Monetary Fund and the World Bank before heading into a session involving all 184 member nations of the two lending organizations on Sunday, the final day of talks...
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The Bush administration announced Thursday it would provide US refineries with ``limited quantities&#39;&#39; of crude oil from the nation&#39;s emergency stockpile to help offset supply
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The Minister of Energy, Dr. Paa Kwesi Nduom, has said government policy on the subsidy of ex-pump prices of petroleum products would remain unchanged