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Oil fell after data showed the euro zone was in its longest recession ever, while a stronger dollar and rising U.S. refined products stocks put additional pressure on prices.
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WASHINGTON, May 16- The full U.S. House of Representatives will soon begin debate on a bill to approve the Canada- to-Nebraska Keystone XL oil pipeline, a lawmaker said on Thursday after his panel advanced the measure.
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Oil fell after data showed the euro zone was in its longest recession ever, while a stronger dollar and rising U.S. refined products stocks put additional pressure on prices.
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SINGAPORE, May 15- U.S. crude futures held steady above $94 a barrel in early Asian trade on Wednesday, snapping the longest losing streak since early-December on rising supplies amid slowing demand growth. U.S. oil gained 9 cents to $94.30 a barrel by 0038 GMT, after ending 96 cents down.
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NEW YORK, May 14- Brent crude oil prices fell on Tuesday after a global energy watchdog described world supplies as "comfortable" and analysts forecast a continued build in the U.S. crude inventory, while gasoline rose 1 percent on expected inventory draws ahead of the summer driving season.
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The Obama administration is unlikely to make a decision on the Keystone XL pipeline anytime soon as it weighs the project's impact on the environment and on energy security.
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The State Department is nominally in charge of making a final decision on TransCanada Corp's proposed project, which would help link Alberta's oil sands with refineries and ports along the U.S. Gulf Coast, because the pipeline would cross the national border.
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May 8- Enbridge Inc, Canada's largest pipeline company, said on Wednesday it is still hoping for speedy regulatory approval for a planned expansion of an oil pipeline to the United States despite the prolonged delays faced by the rival Keystone XL line.
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*Eldorado Gold Corp posted a first-quarter loss on Thursday, hit by $125.2 million charge related to a change in the Greek tax rate. *Fairfax Financial Holdings Ltd, run by investment guru Prem Watsa, unexpectedly rebounded to a profit in the first quarter, helped by strong underwriting results and investment gains.
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*CIBC raises target price to C $54 from C $53; rating sector outperformer. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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May 2- TransCanada Corp, Canada's No. 2 pipeline company, said it would spend an estimated $900 million to build and operate a 200- km oil pipeline and storage terminal to handle growing crude production in Alberta.
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May 2- TransCanada Corp, Canada's No. 2 pipeline company, said it would spend an estimated $900 million to build and operate a 200- kilometer pipeline and oil storage terminal to cater to growing crude production in Alberta.
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*Press release- TransCanada to develop the heartland pipeline and terminal. in Alberta and will include the 200- kilometre pipeline. Alberta- based heartland pipeline and tc terminals projects.
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May 2- TransCanada Corp, Canada's No. 2 pipeline company, said it would spend an estimated $900 million to build and operate a 200- km oil pipeline and storage terminal to handle growing crude production in Alberta.
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*Press release- TransCanada seeks change to NEB mainline tolls decision. *Although NEB approved co's 2012/ 13 costs, decision created new model for. *TransCanada has today filed with the NEB an application to review and vary the decision.
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A survey showing a rebound in supply from OPEC producers in April further pressured prices a day after they had rallied up to $104.
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A survey showing a rebound in supply from OPEC producers in April further pressured prices a day after they had rallied up to $104.
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CALGARY, Alberta, April 30- TransCanada Corp. Company spokesman Shawn Howard said in an email that the line was closed in order to work on a piece of electrical equipment. The line carries Canadian crude from Hardisty, Alberta, to storage hubs in Patoka, Illinois, and Cushing, Oklahoma.
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The task force submitted the so-called New York Energy Highway Blueprint to New York Governor Andrew Cuomo in October 2012. The Public Service Commission and the state-owned New York Power Authority have also started work on contingency plans in case the giant Indian Point nuclear power plant shuts in 2015..
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*A proposed merger of Valeant Pharmaceuticals International Inc and Actavis Inc was put on hold after the two drugmakers failed to agree on terms of a deal that would have created a healthcare giant with a combined market value of $35 billion, a person familiar with the situation told Reuters on Saturday.
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*TD Securities raises price target to C $51 from C $50. Reuters Station users, click. 1568. Reuters Station users, click. 4899.