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Chad seeks delayed repayments on Glencore-led oil loans

Bloomberg Chad is seeking to delay repayment of more than $1 billion of Glencore Plc-led oil-for-cash loans after crude prices plunged, the second time the African country has looked to restructure the debt in two years, according to people familiar with the matter. Glencore has approached the banks that supported the deal to start talks, while Chad has already appointed ...

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EON’s old nuclear money spinners are now just a big hassle

Bloomberg An EON SE nuclear plant that made billions for the German utility is now losing money. Essen-based EON is battling repeated delays to production at its Brokdorf reactor that has cost the company more than 100 million euros ($114 million) since halting in February, Almut Zyweck, a spokeswoman for EON’s nuclear unit, said by email. Brokdorf, a 1.4-gigawatt reactor ...

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Oil halts longest winning streak this year

Bloomberg Oil snapped its longest run of gains this year as OPEC output rose amid a boost from members exempt from supply cuts. Futures slid 0.5 percent in New York after advancing almost 11 percent the previous eight sessions. OPEC production in June climbed to the highest level this year because of increases from Libya and Nigeria, which aren’t bound ...

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