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OECD Criticizes Ethanol And Producers Hit Back

OECD Criticizes Ethanol And Producers Hit Back

The battle over biofuels heated up Wednesday as a Paris-based intergovernmental group criticized crop-based fuels for driving up food prices and ethanol supporters counterpunched.

Oil Supplies

Oil Supplies

Oil firm Tatneft, one of the two key suppliers of Russian crude to the Czech Republic, said yesterday it had reduced deliveries because it had rerouted volumes to Turkey due to better prices.

Enelco Signs Contract to Build Gas-Fired Station

Enelco Signs Contract to Build Gas-Fired Station

Enel SpA’s Enelco division, the Greek unit of Italy’s largest utility, signed a contract to build a gas-fired power station in Greece, the first of three planned by grid operator DESMIE.

Gazprom Ups Investments To Boost Output

Gazprom Ups Investments To Boost Output

Russian gas monopoly OAO Gazprom (GAZP.RS) Tuesday raised its 2008 capital spending plans to a new record level, as it gears up to bring key new fields online.

Gazprom Neft Denies Fuel Collusion Allegations

Gazprom Neft Denies Fuel Collusion Allegations

Russian oil major Gazprom Neft (SIBN.RS) denied Tuesday the Federal Antimonopoly Service's allegation it had colluded with other oil companies to set excessively high jet and diesel fuel prices, the Prime-Tass news agency reported.

Kuwait In Advanced Talks To Import Gas From Iran

Kuwait In Advanced Talks To Import Gas From Iran

Kuwait's talks to import natural gas from Iran have reached an advanced stage, Kuwait daily Al Rai reported Wednesday citing people familiar with the matter.

British Energy Brings In Adviser On EdF Bid

British Energy Brings In Adviser On EdF Bid

U.K. nuclear power company British Energy Group PLC (BGY.LN) has drafted in an independent financial adviser to work on a possible takeover deal with Electricite de France (1024251.FR), The Daily Telegraph reports Wednesday.

Iraq Kirkuk Resumes Normal Oil Flow; No Loading Yet

Iraq Kirkuk Resumes Normal Oil Flow; No Loading Yet

Iraq Wednesday resumed normal pumping from its northern oil fields to the Turkish export terminal at Ceyhan after a brief suspension, a Middle East Shipping agent said.

Saudi King: Oil Speculators Must Be Stopped

Saudi King: Oil Speculators Must Be Stopped

The price of crude oil is too high, and is partly driven by speculation, which must be stopped because oil prices are too high, Saudi King Abdullah said in a newspaper interview published Wednesday.

E.ON In Talks With Shell On London Array Wind Park

E.ON In Talks With Shell On London Array Wind Park

German utility E.ON AG (EOA.XE) is in talks with Royal Dutch Shell PLC (RDSA) over the oil company's stake in the high profile U.K. wind park project London Array, daily newspaper Boersen Zeitung reports Tuesday citing E.ON company sources.

Iraq Kirkuk Oil Export Dn 355,200 B/D Since Monday

Iraq Kirkuk Oil Export Dn 355,200 B/D Since Monday

Iraq's crude oil exports from northern oil fields fell 355,200 barrels a day over the last two days due to power cuts and shortages of crude production, a Middle East shipping agent said Tuesday.