London mayor signs oil deal with Chavez
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London's socialist mayor signed an agreement Tuesday with Venezuela's state-owned oil company to provide discounted oil for the city's iconic red buses, praising the idea as the brainstorm of the country's leftist leader, Hugo Chavez.
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Cuba, which for decades has struggled with crippling energy crises, has black gold and could be OPEC-bound, Venezuela's President Hugo Chavez said with a smile.
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Crude oil prices rose to a record high in London trading and hit near-record levels in New York on Monday. London&#39;s benchmark Brent crude oil hit a record of $46.
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SIRTE, Libya  - British leader Tony Blair held talks with Muammar Gaddafi in a tent in the Libyan desert on Tuesday as BP sealed a big energy deal with Tripoli in a boost to the West's ties with the once-isolated African state.
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London's mayor reveals a raft of measures for London homes and businesses designed to cut carbon emissions.
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NYMEX crude oil futures jumped to a  record $46.85 a barrel on Monday on concerns about supply  disruption from oil exporter Venezuela, which is voting in a  referendum on whether to recall President Hugo Chavez.
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Venezuelan President Hugo Chavez on Thursday set a May Day deadline for the world's biggest oil firms to surrender their control of multibillion-dollar crude projects, speeding up nationalizations a day after receiving powers to rule by decree.
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Oil prices surge to fresh record highs in London, with Brent crude reaching the $50-a-barrel mark for the first time.
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ConocoPhillips  and Chevron  have agreed to comply with a Venezuelan decree to cede by May 1 the operations of multi-billion dollar projects in the Orinoco oil reserve, the state oil company said on Thursday.
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Venezuelan President Hugo  Chavez proposed on Friday extending a barter scheme used by  Cuba to other Caribbean and Central American nations to help  them pay for oil supplies with products and services.
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China and Venezuela sign a deal which will open the South American country's vast oil resources to Chinese investment.
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Oil prices eased from record highs on  Monday as victory for Venezuelan President Hugo Chavez in a  referendum on his rule eased fears that unrest could upset the  country's oil exports.
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Venezuelan President Hugo Chavez offers neighbouring states the option to pay for oil with local produce.
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President Hugo Chavez, seeking to reduce Venezuela's dependence on selling oil to the United States, said Friday his country will give China greater access to its oil and natural gas resources.
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President Hugo Chavez said oil and gas deals he recently signed with the Chinese, part of a strategy to reduce reliance on U.S. export markets, will boost trade with the Asian country to nearly &#36;3 billion next year.
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CARACAS -- President Hugo Chavez said oil and gas deals he recently signed with the Chinese, part of a strategy to reduce his country's reliance on US export markets, will boost trade with the Asian country to nearly $3 billion next year.
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President Hugo Chavez said oil and gas deals he recently signed with the Chinese, part of a strategy to reduce reliance on U.S. export markets, will boost trade with the Asian country to nearly $3 billion next year.