Gov'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 would 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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BAGHDAD -- Political infighting blocked lawmakers from opening debate yesterday on legislation to oversee the oil industry, as Iraqi and US leaders called for reconciliation among Iraq's feuding factions.
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Gov. Jim Doyle floats the idea of extracting $270 million from oil companies while prohibiting them from passing the pinch along at the pump. By the Associated Press.
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The Scottish Government will not be allowed to gain control over North Sea oil revenues, a UK minister warns.
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The cabinet has yet to deal with how the oil revenue would be shared among various groups in the country.
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By JIM MYERS  WASHINGTON -- The Senate rejected a proposal Wednesday by Sen. Jim Inhofe designed to streamline the permitting process for refineries and offer economic incentives to Indian tribes and communities hit by base closings to build such facilities.
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Breaking up Big Oil won't solve high gas prices.
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President Vladimir Putin said Friday, the government has no plans to seize the embattled oil giant, but if its assets are sold, anyone, including government organizations, will be able to bid.
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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 &quot;limited quantities&quot; of crude oil from the nation&#39;s emergency stockpile to help offset supply
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Crude oil in New York fell from a one-month high after the White House said the US may loan oil to refineries from the Strategic Petroleum Reserve to make up for supply disruptions caused by Hurricane Ivan.
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Governors worried about damage to the economy and complained about years of neglecting energy policy after an Alaska oil field shutdown, but offered far different solutions on Monday.
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Oil prices fell to just above $48 on  Friday after the U.S. government said it would lend refiners  crude from the Strategic Petroleum Reserve (SPR), but traders  deemed the loan too small to have a lasting impact.
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Governors worried about damage to the economy and complained about years of neglect on energy policy after an Alaska oil field shutdown, but offered far different solutions on Monday.
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President George W. Bush will not tap the U.S. Strategic Petroleum Reserve to ease oil prices that hit a record high of $100 a barrel on Wednesday, the White House said.
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NEW DELHI, Oct. 31. - The government today asked oil marketing companies not to hike price of petroleum products for another fortnight.