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BP loses attempt to share Deepwater Horizon oil spill costs | The Guardian
An attempt by BP to offload a major part of its Gulf of Mexico oil-spill compensation bill on to the US rig operator Transocean has been thrown out by a US court. The setback comes in the run-up to the...
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8 reasons why gas will hit $5 a gallon this year
By Paul Ausick and Douglas A. McIntyre, 24/7 Wall St. The price of gas is a widely covered news item these days. Oil prices have moved up from $75 a barrel in October of last year to more than $100 a...
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Israel won’t warn U.S. before pre-emptive strike against Iran’s nuclear...
By Al Arabiya with Agencies Israeli officials say they won’t warn the U.S. if they decide to launch a pre-emptive strike against Iranian nuclear facilities, according to one U.S. intelligence official...
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BP, Plaintiffs Reach Settlement in Gulf Oil Spill Case – WSJ.com
BY TOM FOWLER BP PLC has agreed to a no-cap settlement with thousands of individuals and businesses affected by the Deepwater Horizon disaster, but the oil giant estimates its costs will be about $7.8...
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North Korea planning new nuclear test, South Korean intelligence report says
STORY HIGHLIGHTS NEW: North Korean state media has not made any announcements NEW: Professor: The country knows how to “manipulate the world” South Korea intelligence report says North Korea plans...
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Kuwait mulls different plans to deal with potential Hormuz closure
By AFP KUWAIT CITY Kuwait is mulling “many scenarios” in case the strategic Strait of Hormuz is closed, disrupting its vital oil exports, a top official said on Monday. “We are discussing many...
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Obama moves to curb oil speculators
NEW YORK (CNNMoney) — The Obama administration proposed new measures Tuesday to limit speculation in the oil markets, seeking to draw a contrast with Republicans who have been calling for more domestic...
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Egypt terminates controversial gas supply deal with Israel: stakeholder
By Al Arabiya With Agencies Egypt has terminated a controversial long-term gas supply deal with Istael, Ampal-American Israel Corporation, which owns a stake in a company that exports natural gas from...
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EU oil embargo on Iran comes into effect; Tehran says will ‘confront’ sanctions
By Al Arabiya with Agencies A European Union embargo on Iranian oil went into effect on Sunday, provoking anger in Tehran which says the measure will hurt talks with world powers over its sensitive...
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U.S. expands sanctions on Iran to press nuclear case
The United States on Wednesday imposed new sanctions on Iran to choke off its oil income, saying it was necessary to increase the pressure on Tehran over its suspected nuclear weapons program. The U.S....
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