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OPEC reveals plans to release emergency supplies as Washington announces 'test' sale of SPR

OPEC reveals plans to release emergency supplies as Washington announces 'test' sale of SPR | EconMatters | Scoop.it
Oil cartel reveals plans to release emergency supplies as Washington announces 'test' sale of oil reserves
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Surprisingly bearish inventory number crushes oil

Surprisingly bearish inventory number crushes oil | EconMatters | Scoop.it
Oil supplies have risen much faster than expected, and that's putting serious pressure on crude.
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Losing Crimea Could Sink Ukraine's Offshore Oil and Gas Hopes

Losing Crimea Could Sink Ukraine's Offshore Oil and Gas Hopes | EconMatters | Scoop.it
Exxon Mobil, Royal Dutch Shell, and Eni are stymied in efforts to explore Ukraine’s Black Sea oil and gas fields in Crimean waters
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Statoil serves Baraka default notices

Statoil serves Baraka default notices | EconMatters | Scoop.it
Australia’s Statoil has served default notices for cash calls it claims have not been paid by partner Baraka Energy & Resources, despite the fact Baraka has disputed upcoming work programmes.
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Russia floats own solution to Ukraine crisis

Russia floats own solution to Ukraine crisis | EconMatters | Scoop.it
Russia vowed on Monday to unveil its own solution to the Ukrainian crisis that would run counter to US efforts and would appear to leave room for Crimea to switch over to Kremlin rule. The unexpected announcement came as Ukraine's new pro-European leaders raced to rally Western support in the face of the seizure by Kremlin-backed forces of the strategic Black Sea peninsula and plans to hold a Sunday referendum on switching Crimea's allegiance from Kiev to Moscow. Russian President Vladimir Putin's threat to invade Ukraine after a wave of deadly protests toppled a pro-Kremlin regime last month has set off the most explosive crisis in East-West relations since the Cold War. US President Barack Obama and his European allies are urging Russia to call its troops in Crimea back to their barracks and launch immediate negotiations with the new Ukrainian leadership, which Putin claims rose to power thanks to an "unconstitutional coup".
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China liquidity situation is 'troubling': Soho China

China liquidity situation is 'troubling': Soho China | EconMatters | Scoop.it
Tight liquidity conditions in China are "troubling," said Zhang Xin, chief executive officer of property developer Soho China.
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CERAWEEK: Soaring costs present concern of the oil industry

CERAWEEK: Soaring costs present concern of the oil industry | EconMatters | Scoop.it
The Latin American & Venezuela Oil & Gas Web Site,with News,
Data, Business Directory, Industry Bids, Other
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Turkey grants US warship permission to enter Black Sea As Ukraine Tension Continues

Turkey grants US warship permission to enter Black Sea As Ukraine Tension Continues | EconMatters | Scoop.it
Turkey has given a US Navy Warship the green light to pass through the Bosphorus within the next two days as tensions in Ukraine’s Crimea region continue to divide world powers.
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Russian military issues ultimatum to Ukraine: Surrender by 5 a.m. on March 4 or face attack

Russian military issues ultimatum to Ukraine: Surrender by 5 a.m. on March 4 or face attack | EconMatters | Scoop.it
Editor's Note: The EuroMaidan Revolution entered its 103rd day on March 3 with Russian military forces in control of Ukraine's Crimean peninsula after an invasion that began on Feb. 27. In the meantime, Viktor Yanukovych, ousted as Ukrainian president on Feb. 22, remains in exile in Russia as Russian President Vladimir Putin asserts the right to intervene militarily throughout Ukraine and stay indefinitely.
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Chipotle's Exciting New Menu Change

Chipotle's Exciting New Menu Change | EconMatters | Scoop.it
Great news, tofu-lovers of the Northeast. Chipotle is expanding its braised tofu Sofritas to New York and New England, the company announced in a tweet Thursday:

Dear New York and New England, stay tuned! Sofritas™ are coming soon. -Joe http...
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Army Gives Out $500,000 Armored Trucks for Free: Video

Army Gives Out $500,000 Armored Trucks for Free: Video | EconMatters | Scoop.it
The U.S. Army is giving away 13,000 armored trucks, worth about $500,000 each. The 20-ton MRAPs, or Mine-Resistant Ambush-Protected trucks, were built specifically to save U.S. soldiers from roadside bombs in the Iraq and Afghanistan wars. Now the trucks are patrolling U.S. city streets. U.S. law enforcement agencies have received the lion’s share of this high-powered military surplus. (Source: Bloomberg)
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Dream of U.S. Oil Independence Slams Against Shale Costs

Dream of U.S. Oil Independence Slams Against Shale Costs | EconMatters | Scoop.it
The path toward U.S. energy independence, made possible by a boom in shale oil, will be much harder than it seems.
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Chinese (and their leaders) can’t get enough of murder, sex and intrigue in ‘House of Cards’

Chinese (and their leaders) can’t get enough of murder, sex and intrigue in ‘House of Cards’ | EconMatters | Scoop.it
Drama about political machinations in D.C. resonates in country with long history of deadly political competition.
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U.S. surprises oil market with 5 million bbl sale from strategic reserve

U.S. surprises oil market with 5 million bbl sale from strategic reserve | EconMatters | Scoop.it
WASHINGTON (Reuters) - The United States will hold the first test sale of crude from its emergency oil stockpile since 1990, offering a modest 5 million barrels in what some observers saw as a subtle message
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Stock Market Surge Bypasses Most Americans, Poll Shows

Stock Market Surge Bypasses Most Americans, Poll Shows | EconMatters | Scoop.it
More than three-quarters of Americans say the five-year bull market in U.S. stocks has had little or no effect on their financial well-being, according to a Bloomberg National Poll.
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Sean Combs Said to Bid $200 Million for Fuse TV Network

Sean Combs Said to Bid $200 Million for Fuse TV Network | EconMatters | Scoop.it
Sean Combs, the hip-hop mogul now known as Diddy, has bid about $200 million for the Fuse cable-TV channel, said three people with knowledge of the situation.
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Malaysia Plane Carrying 239 Missing as Search Widens

Malaysia Plane Carrying 239 Missing as Search Widens | EconMatters | Scoop.it
Malaysian Airline System Bhd. said one of its planes with 239 people on board went missing an hour into a flight to Beijing, triggering a search effort from at least six nations.
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Putin rebuffs Obama as Ukraine crisis escalates

Putin rebuffs Obama as Ukraine crisis escalates | EconMatters | Scoop.it
MOSCOW/SIMFEROPOL, Ukraine (Reuters) - President Vladimir Putin rebuffed a warning from U.S. President Barack Obama over Moscow's military intervention in Crimea, saying on Friday that Russia could not
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Staples to Shut 225 Stores to Trim $500 Million in Costs

Staples to Shut 225 Stores to Trim $500 Million in Costs | EconMatters | Scoop.it
Staples Inc., the largest U.S. office-supplies chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales. The shares fell.
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Russia 'demands Ukrainian navy surrender'

Russia 'demands Ukrainian navy surrender' | EconMatters | Scoop.it
Navy in Crimea are told to surrender or face military assault, according to Ukrainian sources, claims denied by Russia.
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Emerging Outflows Top $11 Billion as Cash Sent to Europe

Emerging Outflows Top $11 Billion as Cash Sent to Europe | EconMatters | Scoop.it
Investors are stepping up withdrawals from emerging-market exchange-traded funds and shifting into Europe as concern mounts that growth is faltering in developing nations while advanced economies strengthen.
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World's Largest Floating Crane Arrives in New York: Video

World's Largest Floating Crane Arrives in New York: Video | EconMatters | Scoop.it
The world’s largest floating crane, the Left Coast Lifter, has arrived in NY to work on the $3.9 billion bridge that will replace the Tappan Zee. We take a look at the crane that is as long as a 30-story building is tall and can hoist 1,900 tons in a single heave. (Source: Bloomberg)
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Twinkies Bankruptcy Exposes Peril to Some U.S. Pensions: Economy

Twinkies Bankruptcy Exposes Peril to Some U.S. Pensions: Economy | EconMatters | Scoop.it
When Hostess Brands Inc. went bankrupt in 2012, it triggered anxiety among employees at Ottenberg’s Bakery, a family-owned enterprise in Maryland. The companies shared a pension plan, and if Hostess couldn’t pay its retirees, Ottenberg’s would have to pick up the tab.
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