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Oil rises on demand signs after Goldman flags geopolitical risks

Bloomberg Oil extended gains as signs of declining US stockpiles pointed to healthy demand while investors weighed potential disruptions to supply because of global geopolitical tensions. Futures in New York rose as much as 0.6 percent after adding 2.5 percent in the past three sessions. An industry report showed US inventories fell last week, with government data forecast to show ...

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India plans to use US LNG to revive urea plants

Bloomberg India’s biggest gas utility plans to use some of the liquefied natural gas it gets from the US to restart three idled fertilizer plants, according to people with knowledge of the matter. State-run GAIL India Ltd. plans to supply the factories in eastern India with more than a third of the LNG it’s contracted to buy from the US, ...

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Enel to seek more deals in energy storage business

Bloomberg Enel SpA is seeking acquisitions in the energy storage business, as developments in battery technology are set to play a key role for the wider adoption of renewable sources. Europe’s biggest utility by market capitalization sees the US, Europe and Latin America as the markets with the most potential, Chief Executive Officer Francesco Starace said in an interview. “Technologies ...

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