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Iraq oil deal puts pressure on Opec

ExxonMobil and Royal Dutch Shell, the two biggest western oil companies, won the right to develop Iraq’s giant West Qurna oilfield, raising the prospect of a big jump in Iraqi oil supplies

Global oil yardsticks shaken by Saudis

The time to find a different means to measure crude may be approaching as the traditional benchmarks of Brent and West Texas Intermediate are challenged, write Javier Blas and Gregory Meyer

Trouble flares in Niger delta

As world leaders prepare to gather in Copenhagen for next month’s climate change summit, the Niger delta’s gas flares serve as reminders of the difficulties of their task

BP fined record $87m over Texas City

BP still has ‘systemic safety’ issues four years after an explosion at its Texas refinery killed 15 people and injured 170, the US government said as it issued a record $87.4m in proposed fines on the UK oil group

Shell in talks with Essar on refineries sale

Energy group confirms it is on negotiations with Indian conglomerate over sites in Germany and UK as part of strategy to focus on large, integrated complexes

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      Comment and Analysis

      Oil could exceed $100 next year

      Demand in emerging markets will lend tremendous support to the global crude market in 2010

      Oilfield services

      When the bubble burst, the letdown for oilfield service companies was brutal but awful quarterly earnings are not denting investor enthusiasm

      The crude realities of diplomacy

      Politicians know that voters will punish them if fuel prices soar, or if there are electricity shortages. But they also know that if they openly put the search for oil at the heart of their foreign policies, they are liable to be denounced as cynical and immoral, writes Gideon Rachman

      A hope for Nigeria

      Nigeria’s plan to pass 10 per cent of oil revenues directly on to Niger Delta citizens is a chance to escape the chaos that threatens to engulf it before it is too late.

      Oil on the brain

      Despite recent finds, the world is still heading for an oil crunch, not necessarily due to scarcity but because low investment and long lead-times mean it cannot keep up with demand

      Oil can be a curse on poor nations

      Poor but resource-rich countries tend to be underdeveloped not despite their resources, but because of them, writes Moisés Naím

      More stories

      Petroleum refiner to take on oil groups

      Saudis drop WTI oil contract

      Oil retreats to $78 a barrel as demand eases

      Setback for US crackdown on oil speculation

      Diesel stockpiles could derail crude’s rally

      Nigeria offers ‘revolutionary’ delta deal

      Eni wins Iraq oil field deal

      Oil groups battle plans for Nigeria overhaul

      Exxon takes $4bn stake in Ghana oil field

      Total and GdF take stake in Kazakh oil field

      Militants criticise China’s plans to tap Nigerian oil

      China seeks big stake in Nigerian oil

      Oil strikes not enough to quench demand

      Anadarko venture discovers new oil frontier

      Fall in oil demand expected to slow

      Opec holds output unchanged

      Brazil oil find could hold 2bn barrels

      Opec hints it will hold production steady

      Libyan oil minister will be Opec no-show

      Mexico to enjoy $8bn windfall from oil bet