Oil: Reason Behind Coup Bid
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THE men exposed as plotting a coup in Equatorial Guinea are the scum of the earth. Next time someone demands that the West should &quot;take over and sort out Africa&quot;, remember this scandal and the real face of Western intervention it reveals.
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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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OPEC has taken the unprecedented step  of urging the United States to tap its emergency crude reserves  to bring down world oil prices.
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Kuwaiti FM says his country is producing oil at maximum capacity to try to stabilise oil prices. NEW DELHI - Kuwait&#39;s foreign minister said Wednesday his government was pumping crude to maximum capacity to
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Where does the volatility in oil prices come from and is it likely to persist?
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The Saudi announcement came after oil prices moved above the US$50 per barrel mark. Oil analyst Deborah White at Societe General bank, said: &quot;The Saudi announcement is not a surprise.
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CARACAS -- President Hugo Ch&#xE1;vez ordered by decree yesterday the takeover of oil projects operated by foreign oil companies in Venezuela's Orinoco River region. Ch&#xE1;vez previously announced the government's intention to take a majority stake by May 1 in the four heavy oil-upgrading projects run by British Petroleum PLC, Exxon Mobil Corp. , Chevron Corp., ConocoPhillips Co., Total SA, and ...
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The world&#39;s oil supply has never seemed so precarious. The war in Iraq has cast a shadow over that country&#39;s ability to export crude.
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Opec members have split on whether their output should be increased in a bid to boost global supply that might cause oil prices to drop.
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TRIPOLI : Libya set out the contractual framework and tendering terms for oil exploration rights to 15 blocs around the vast desert country as it switches to a transparent bidding process to woo foreign investment for its sanctions-ravaged industry.
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The oil deal signed between Hunt Oil and the government in Iraq's Kurdish region earlier this month has raised eyebrows, in no small part because it appears to undercut President Bush's hope that Iraq could draft national legislation to share revenue from the country's vast oil reserves. Making the...
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Ministers are asked how they knew about an alleged African coup plot weeks before mercenaries were arrested for planning it.
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Opec, the oil producers&#39; cartel, has taken the surprise step of urging the US to release stocks held in emergency reserves to calm the frantic crude market.
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Oil prices plunged by more than $2 a barrel yesterday on hopes that the inauguration of a new president in OPEC member Nigeria would contribute to a stable supply from the Niger Delta region.
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(120 sec.) Africa's largest oil producer is facing a resurgence of violence and kidnappings driving oil prices up.
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Supporters and rivals warn of possible fraud; government says Chavez's defeat could produce turmoil in world oil market.
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ISN SECURITY WATCH (30/09/04) - The worldâs oil markets remained jittery this week after spot prices for crude reached historic highs, and the announcement of a truce between Nigerian rebels and government forces was not enough to convince traders