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| Transformer industry set for high voltage growth |
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| With increased focus on power related infrastructure, the transformers industry has seen high growth rate in volume as well as value terms. The capacity addition in the industry and focus on exports will boost the prospects of India's transfomer producers. |
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| IBM achieves breakthrough in solar technology |
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| IBM Research has achieved a breakthrough in capturing solar power upto 230 MW per square centimetre thus reducing the requirment of solar panels. This will lead to significant reduction in harnessing solar energy for electricity. |
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| Saudi Arabia confirms output increase |
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Commodity Online
RIYADH: In a significant development, Saudi Arabia on Friday confirmed that it had raised crude oil production by 300,000 barrels per day on May 10 and that increase was sufficient. |
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| Oil touches new high above $127 a barrel |
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Commodity Online
NEW YORK: Oil rose above $US127 a barrel for the first time and closed at $126.29 a barrel on Friday mainly on unrelenting upward momentum and strong global demand for distillates. |
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| High gasoline prices hitting US economy |
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Commodity Online
NEW YORK: As America struggles to wade off a recession, it is the high fuel prices that is threatening the economy these days. |
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| Why Gold and Oil are the hottest commodities |
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By Jon Nadler
Gold prices picked up yet another 1.5% overnight as the dollar headed lower on anticipation of poor US housing and consumer confidence data being released today. |
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| Oil will touch $141 a barrel in 2008: Goldman Sachs |
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Commodity Online
MUMBAI: Global investment firm Goldman Sachs on Friday raised its forecast for the average price of West Texas Intermediate oil in the second half of 2008 by 32% to $141 a barrel from $107 a barrel. |
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| L&T, GE Energy India sign strategic agreement |
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| Larsen & Toubro Ltd and GE Energy has signed a strategic tie-up agreement to focus on Indian power generation market. |
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| Oil falls again to $122.50 a barrel |
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Commodity Online
NEW YORK: Oil fell again on Thursday after an Energy Department report showed that natural gas supplies rose and the US Congress approved legislation that strengthens oversight of electronic energy trading. |
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| No cut in crude oil import duty: Chidambaram |
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Commodity Online
NEW DELHI: Finance Minister P Chidambaram on Thursday ruled out cut in import duty on crude oil, which has been hovering around $125 a barrel resulting in increased losses to state-owned oil marketing companies. |
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| Indo-German energy symposium begins |
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Commodity Online
NEW DELHI: A two-day indo-German Symposium on Energy Efficiency under the aegis of the Indo-German Energy Forum gets underway in New Delhi on Thursday. |
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| PFC, Exim bank ink MoU on power projects |
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Commodity Online
NEW DELHI: India’s Power Finance Corporation Limited (PFC) would receive India Infrastructure Facility of US’s Export Import Bank with a proposed allocation of $800 Million. |
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| 'Let us leave Oil before it leaves us' |
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Commodity Online
LONDON: Fatih Birol, the chief economist of International Energy Agency, says human beings should leave oil before it leaves the world. |
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| Oil falls below $125 on US energy report |
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Commodity Online
NEW YORK: Oil fell more than $1 a barrel on Wednesday after an US Energy Department report showed stockpiles of distillate fuels climbed more than expected. |
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| IEA's CCS Network to highlight carbon capture tech |
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| Speaking at the launch, IEA Executive Director Nobuo Tanaka highlighted the urgency of increasing the use of CCS 200-fold from today’s existing enhanced oil recovery projects in order to achieve climate mitigation goals. |
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| Iran rejects report on crude output cut |
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Commodity Online
TEHRAN: Iran on Tuesday denied reports that it has decided to reduce its crude oil production drastically. |
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| Tullow Oil strikes oil, gas in Uganda |
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Commodity Online
KAMPALA: London based Tullow Oil, a company exploring for oil in Uganda, announced on Tuesday that it had struck fresh oil and natural gas findings in Western Uganda. |
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| Ministries at loggerheads over oil bonds |
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Commodity Online
NEW DELHI: In a major set back to oil companies, Petroleum ministry’s move to issue oil bonds worth Rs 44,000 were rejected by Finance Ministry on Tuesday. |
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| Oil hits new record near $127 on Iran threat |
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Commodity Online
NEW YORK: Oil bounced back on Tuesday to a record high near $127 a barrel after reports of Iran threatening to cut output. |
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| Sugar cos bank on cogen to increase margins,sales |
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| Co-generation of power is helping sugar companies to achieve better margins and sales realisation even when they crusher lesser sugar cane due to market conditions. |
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