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Oil Prices May Soar to $150-200 per bbl - Kudrin

Oil Prices May Soar to $150-200 per bbl - Kudrin

World oil prices may hit $150-200 per barrel in the short term in the wake of continued unrest in the Middle East and a devastating earthquake in Japan, Russian Finance Minister Alexei Kudrin told a banking forum on Wednesday.

Libya Stands By Oil Contracts With West

Libya Stands By Oil Contracts With West

Libya will honor all current oil contracts with Western oil companies but the ongoing crisis in the country could affect future cooperation, Deputy Foreign Minister Khaled Kaim said.

With Nuclear Questions, Oil Could See Lasting Rise

With Nuclear Questions, Oil Could See Lasting Rise

Oil prices fall below $100/bbl on reduced demand from Japan, but the global economy could face permanent increases in energy prices with nuclear power in now in question, Strategas says.

Italys Nuclear Referendum Has Deja Vu Feeling

Italy's Nuclear Referendum Has Deja Vu Feeling

This year's referendum on nuclear renaissance in Italy will have an overly familiar feeling amid fears of a possible radiation release in Japan.

Turkish Petroleum Corporation to Explore for Gas in Qatar

Turkish Petroleum Corporation to Explore for Gas in Qatar

Today's Zaman reports that Turkey's state-owned Turkish Petroleum Corporation (TPAO) and Qatari Gas have signed a memorandum of understanding for the exploration and production of natural gas in Qatar.

Quake-Hit Japan Seeks Peoples Support For Power Cuts

Quake-Hit Japan Seeks People's Support For Power Cuts

The Japanese government asked citizens to support planned power cuts starting early Monday after the earthquake and tsunami that crippled nuclear power plants in the northeast.

BP Expands Biofuels Business In Brazil

BP Expands Biofuels Business In Brazil

BP PLC took another step toward its goal of becoming a leading ethanol producer Friday, snapping up an 83% stake in Brazilian ethanol and sugar producer Companhia Nacional de Acucar e Alcool, or CNAA, for $680 million.