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			<title>Commodity Online Energy News</title> 
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			<pubDate>Mon, 13 Feb 2012 17:46:15 GMT</pubDate>
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				<title>Iran oil: India's Rupee payment on hold due to tax issue</title>
				<link>http://www.commodityonline.com/news/Iran-oil-Indias-Rupee-payment-on-hold-due-to-tax-issue-3-45956.html</link>
				<description><![CDATA[India's arrangement with Iran to use Indian Rupee as a trade currency is now on hold due to a tax issue. Earlier, Iran had agreed to accept Rupees as payments for 45% of its oil exports to India.]]></description>
				<pubDate>Mon, 13 Feb 2012 00:00:00 GMT</pubDate>
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				<title>MCX natural gas slumps over 2% yet again charts indicate possible bottoming</title>
				<link>http://www.commodityonline.com/news/MCX-natural-gas-slumps-over-2-yet-again-charts-indicate-possible-bottoming-3-45951.html</link>
				<description><![CDATA[MCX natural gas continues its high volatile price swings with the February contract down over 2% in afternoon trade on Monday. The contract opened lower at Rs 123.10 and is trading at Rs 120.90 as of 12:18 PM IST.]]></description>
				<pubDate>Mon, 13 Feb 2012 00:00:00 GMT</pubDate>
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				<title>Metals Energy Update: Precious metals and energies post gains base metals weaken</title>
				<link>http://www.commodityonline.com/news/Metals-Energy-Update-Precious-metals-and-energies-post-gains-base-metals-weaken-3-45940.html</link>
				<description><![CDATA[At the Multi Commodity Exchange of India (MCX), precious metals and energies posted solid gains for the week Feb 06- Feb 10, 2012. Base metals weakened except for copper which rose over 1%. In India, Commodity Transaction Tax once again sparked debate as the FICCI and ASSOCHAM opposed the government's proposed move. Indian IIP numbers came out much weaker than expected, dampening investor confidence.]]></description>
				<pubDate>Sat, 11 Feb 2012 00:00:00 GMT</pubDate>
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				<title>Global oil consumption to rise to 105 mbb day in 2015</title>
				<link>http://www.commodityonline.com/news/Global-oil-consumption-to-rise-to-105-mbb-day-in-2015-3-45938.html</link>
				<description><![CDATA[The global oil and gas industry is making a steady recovery from economic crisis, as evident by the steady rise in investments and rising prices of crude oil. Increasing demand for electricity, growing need for feedstock in petrochemical industries, and rising consumption of transportation fuel are some of the factors contributing to this recovery]]></description>
				<pubDate>Sat, 11 Feb 2012 00:00:00 GMT</pubDate>
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				<title>India crude oil import prices rise to Rs 5733 41 bbl</title>
				<link>http://www.commodityonline.com/news/India-crude-oil-import-prices-rise-to-Rs-5733-41-bbl-3-45935.html</link>
				<description><![CDATA[India crude oil import prices have risen to Rs 5733.41 on Friday in rupee terms from Rs 5651.88 recorded on Thursday.]]></description>
				<pubDate>Sat, 11 Feb 2012 00:00:00 GMT</pubDate>
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				<title>Prices of fuel cell based systems to fall significantly: Pike Research</title>
				<link>http://www.commodityonline.com/news/Prices-of-fuel-cell-based-systems-to-fall-significantly-Pike-Research-3-45929.html</link>
				<description><![CDATA[The prices of fuel-cell based systems, across a range of applications, are expected to decline significantly in the next few years, removing a critical barrier to its adoption, according to Pike Research.]]></description>
				<pubDate>Fri, 10 Feb 2012 00:00:00 GMT</pubDate>
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				<title>IEA and OPEC cuts oil demand forecast for 2012</title>
				<link>http://www.commodityonline.com/news/IEA-and-OPEC-cuts-oil-demand-forecast-for-2012-3-45932.html</link>
				<description><![CDATA[The International Energy Agency (IEA) has cut the global oil demand growth outlook for 2012. In its new monthly report, the agency forecasts that oil consumption will increase by 800,000 barrels per day (bpd) against 1.1 million previously forecasted.]]></description>
				<pubDate>Fri, 10 Feb 2012 00:00:00 GMT</pubDate>
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				<title>Barter system and the new bi lateral trade currency</title>
				<link>http://www.commodityonline.com/news/Barter-system-and-the-new-bi-lateral-trade-currency-3-45906.html</link>
				<description><![CDATA[Essentially what this does is that it takes the US Dollar away from being the sole medium of international exchange and instead, two countries can trade on one national currency]]></description>
				<pubDate>Thu, 09 Feb 2012 00:00:00 GMT</pubDate>
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				<title>China crude oil demand to grow just 5% in 2012: CNPC</title>
				<link>http://www.commodityonline.com/news/China-crude-oil-demand-to-grow-just-5-in-2012-CNPC-3-45907.html</link>
				<description><![CDATA[China's crude oil demand will grow by only 5% to 9.9 million barrels per day (mbpd) in 2012, as per a report by the China National Petroleum Corporation (CNPC). Net crude oil imports are expected to be around 5.3 mbpd]]></description>
				<pubDate>Thu, 09 Feb 2012 00:00:00 GMT</pubDate>
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				<title>Global crude oil market fundamentals are tight: Barclays</title>
				<link>http://www.commodityonline.com/news/Global-crude-oil-market-fundamentals-are-tight-Barclays-3-45908.html</link>
				<description><![CDATA[After a long slumber, oil prices have attempted a breakout to the upside, with the value of the OPEC basket reaching a nine-month high above $114 per barrel]]></description>
				<pubDate>Thu, 09 Feb 2012 00:00:00 GMT</pubDate>
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				<title>Iran postpones implementing oil export ban on EU</title>
				<link>http://www.commodityonline.com/news/Iran-postpones-implementing-oil-export-ban-on-EU-3-45893.html</link>
				<description><![CDATA[After days of strong statements suggesting that Iran would immediately stop all oil exports to the EU in response to the EU ban, the parliament of Iran failed to convert the idea into a bill.]]></description>
				<pubDate>Thu, 09 Feb 2012 00:00:00 GMT</pubDate>
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				<title>How China's fuel price hike will impact refiners</title>
				<link>http://www.commodityonline.com/news/How-Chinas-fuel-price-hike-will-impact-refiners-3-45879.html</link>
				<description><![CDATA[With inflation on a downward trend, China raised fuel prices for the first time since April 2011, as expected. The move should be welcomed by refiners and perhaps taken as a sign that this year the government may allow for more frequent price adjustments in line with crude prices, unlike last year.]]></description>
				<pubDate>Wed, 08 Feb 2012 00:00:00 GMT</pubDate>
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