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Aramco set to increase oil-trading volume to 6 million barrels a day

Bloomberg Saudi Aramco, the world’s biggest oil exporter, plans to trade as much as 6 million barrels a day, a jump in volume that would put it in the top tier of companies that buy and sell crude and refined products. The trading arm of the state-run giant known officially as Saudi Arabian Oil Co. currently handles between 3.3 million ...

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Goldman says oil rally won’t hurt demand

Bloomberg Goldman Sachs Group Inc. sees oil’s rally the same way as Saudi Arabia: it won’t check the world’s soaring thirst for crude. Oil’s surge to the highest level in more than three years will in fact spur fuel demand as swelling reserves of Middle East petrodollars are reinvested overseas and stimulate the global economy, Goldman’s head of commodities research ...

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M&A in clean-energy loving Germany could sully green bonds

Bloomberg Angela Merkel’s clean-energy push may turn out to be less ‘green’ than expected for bondholders caught up in the upheaval of Germany’s energy industry. In the latest redrawing of the power map as the nation moves away from nuclear and fossil fuels, EON SE will take over Innogy SE from rival RWE AG, along with 850 million euros ($1 ...

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