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Jul 21, 2014

China Imports of Iran Crude Hit New High

China imported a record amount of crude oil from Iran in the first half of the year amid a loosening of U.S. sanctions, furthering increasing the importance of Middle East supplies for the world's No. 2 economy... #Iran #China #Middle East

Jul 09, 2014

Oil now cheaper than when Iraq insurgency began after price falls for 9th straight day

The price of oil fell for the ninth straight day Wednesday as global supplies continue to flow despite unrest in the world's most important oil-producing region... #Iran #China #Middle East

Jul 30, 2014

A look at the EU's new sanctions against Russia

(AP) -- The European Union's sanctions against Russia are bound to inflict pain on the country's ailing economy. While still narrowly targeted, they come as a warning shot to convince Moscow to change its Ukraine policies or face even tougher penalti... #European Union #Europe #Brussels #The Arctic

Jul 30, 2014

Europe adds Putin cronies, aide and bank to sanctions blacklist

Expanded list of those subject to EU asset freezes and travel bans is unprecedented in its reach into president's inner circle The EU has added three longstanding "cronies" of Vladimir Putin, an important presidential aide and a Russian bank to its s... #European Union #Vladimir Putin #Europe #Crimea #Russia #Ukraine

Jul 03, 2014

U.S. trade defict falls 5.6 percent in May to $44.4 billion as exports hit new high

The U.S. trade deficit fell in May as U.S. exports hit an all-time high, helped by a jump in exports of petroleum products. Imports dipped slightly. The trade deficit narrowed 5.6 percent in May to $44.4 billion after hitting a two-year high of $47 b... #China #Beijing #Commerce Department

Jul 21, 2014

Canada's Tar Sands and the National Economy

It’s easy to overestimate the importance of the tar sands to the Canadian economy. Tar sands and their pipelines are, after all, hailed by the ruling Conservatives, sections of the business press and the ever-present oil lobby as this young century’s... #China #Beijing #Commerce Department

Jul 30, 2014

Exploration write-offs hit Tullow's bottom line

Oil and gas producer Tullow Oil reported a net loss for the first half of the year after writing off more than $400m in exploration costs. The company reported a net loss of $95m for the six months ended June 30 compared with a net profit of $313m a ... #Tullow Oil #Africa #Kenya #Rwanda #Uganda #Ethiopia #Norway #London Stock Exchange #Mauritania #Tanzania

Jul 27, 2014

N.Y. capital city nears oil-hub status

Albany, New York's capital city, is becoming a rival to U.S. energy hubs such as Houston and Cushing, Okla., as oil-terminal operator Global Partners LP pushes an expansion plan after already quadrupling its capacity. For the past two years, more oil... #Albany, NY #North Dakota #New Jersey #Quebec #Canadian Pacific Railway Limited #Portland, Maine #Great Lakes #New York (state)

Jul 28, 2014

We need urgent national debate on future energy policy – White

ENERGY Minister Alex White has warned that the ongoing conflicts in Ukraine and the Middle East could have a detrimental effect on the price we pay for fossil fuels. Mr White said Europe "is highly dependent on the imports of oil and particularly gas... #Middle East #Alex White (politician) #China #Europe #India

Jul 24, 2014

Recipe of the day: Mexican Fruit, Corn and Bean Salad

This wonderful, colourful salad is vibrant and fresh, in both looks and taste. It will complement almost any al fresco spread - it looks great, doesn't wilt and goes well with many different dishes and cuisines. Plus it's easy to assemble and always ... #Middle East #Alex White (politician) #China #Europe #India