As oil markets are digesting the countervailing influences of the calling off of a Nigerian general strike that would have disrupted supplies and peak US demand coinciding with refinery use problems.
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BP, the FTSE 100 oil and gas giant, says it is to build a £200 million green fuel plant on the outskirts of Hull as it seeks alternative forms of energy generation.
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Tin, copper and nickel have been star performers in a revival of base metals, which were feared to have run their course several months ago. Tin hit a record $1,000 (£500) a tonne on concerns of oversupply from Indonesia, a major producing country.
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However ‘business-friendly’ Gordon Brown tried to make his last Budget appear, it won few cheers from oil and gas companies operating in the North Sea.
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Crude oil futures have come under pressure recently on weather forecasts predicting a warm spell in the north-eastern USA.
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Short-term nervousness in oil and continued weakness in copper and some other base metals provide a lacklustre backdrop to developments in the markets.
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Old timers are still rubbing their eyes in disbelief at the appointment of Cynthia Carroll to become chief executive officer of South African mining colossus Anglo American.
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Recent weakness in the prices of oil, gold and some other commodities prompted market players to ask whether the great bull run really was over.
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UK regulator Ofgem has told gas and electricity firms to spend an extra £260 million on infrastructure between 2007 and 2012.
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Mounting tension in the Middle East, with bombings and reprisals in the Lebanon and Israel spilling over into sabotage attacks on a northern Iraqi pipeline, is providing strength for oil prices
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