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OMV shares sank after the oil company reported earnings that missed expectations and said it would reduce output in Libya, an important basin for the company.
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Italy's Industry Minister Paolo Romani said that the country isn't in danger of running out of natural gas, despite the shut down of Libyan imports.
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Enterprise Products has offered to acquire Duncan Energy for about $2.41 billion in a deal that would further consolidate oil-and-gas pipeline companies controlled by the family of late Texas billionaire Dan Duncan
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The European Commission will push governments to strengthen security in the European carbon market, which was forced to shut a month ago because of repeated thefts worth tens of millions of euros.
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The future of electricity generator Dynegy is in the hands of two battling shareholders after the entire board and two senior executives quit over shareholders' second rejection in three months of a buyout offer.
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