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Power & Energy Commodity News

‘King of oil’ who became a target for US

Source: Financial Times, 26th June 2013

Dealings with regimes outlawed by the US – from Iran to Cuba – fed his fortune, but they irreversibly tainted his reputation

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Coal lobby will be key in US midterm elections

Source: Financial Times, 26th June 2013

Republicans were quick to accuse the president of waging a ‘war on coal’ after he placed climate change at the top of his agenda

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TAP clinches Azeri gas pipeline deal

Source: Financial Times, 26th June 2013

Key shareholder in rival Nabucco pipeline concedes defeat in battle to supply gas to Europe from huge Shah Deniz gasfield off the coast of Azerbaijan

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Rio Tinto halts Mozambique rail shipments

Source: Financial Times, 26th June 2013

Former rebels threaten sabotage on rail line, which is also used for passenger trains and other goods, and which mining groups rely on to export coal

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Crude oil resists wider commodities slide

Source: Financial Times, 26th June 2013

Brent has settled above $100 every day since May 2 and is marginally in positive territory for June. That is in contrast to a sell-off across other asset classes

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BP steps up efforts over ‘inflated’ claims

Source: Financial Times, 26th June 2013

Oil group at the centre of the 2010 Deepwater Horizon disaster warns victims of the risk of having to repay billions of dollars in compensation

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Petrofac predicts no more shock updates

Source: Financial Times, 25th June 2013

Oil services provider confident it can achieve ‘modest net profit growth’ for 2013 and can double net profit from 2010 to 2015 to more than $850m

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US oil discount to Brent cut by floods

Source: Financial Times, 25th June 2013

Damage to pipelines carrying oil from Canada comes as the price difference between the two benchmarks has been narrowing

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ONGC saga ends with Africa gasfield deal

Source: Financial Times, 25th June 2013

Indian state-backed energy exploration groups to pay $2.5bn for a 10% stake in a Mozambique field despite backtracking on the deal earlier this month

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Trafigura’s Russian oil ambitions

Source: Financial Times, 25th June 2013

The oil and metals trading house, which until now has been focused on metals in the region, tries to break into territory dominated by rivals

Read the full article on FT.com