Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/2169 business Business - Energy & Oil Industry en-us Fri, 03 Jul 2009 19:30:33 GMT 5 142 18 http://news.yahoo.com/i/2169 http://l.yimg.com/a/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/euenergygaspipelinenabucco afp/20090703/euenergygaspipelinenabucco AFP business Fri, 03 Jul 2009 19:30:33 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/euenergygaspipelinenabucco"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246649390495-1-0.jpg?x=130&y=97&q=85&sig=DD.oH.b3fmqv14FZCT3zpA--" align="left" height="97" width="130" alt="Turkey's Prime Minister Tayyip Erdogan, seen here on June 2009, delivers a speech at the 20th Crans Montana Forum in Brussels. Erdogan will host the signing ceremony for the intergovernmental deal on Europe's flagship Nabucco gas pipeline project in Ankara on July 13.(AFP/file/Dominique Faget)" border="0" /></a>AFP - EU nations and Turkey said Friday they will sign a key intergovernmental agreement in Ankara on July 13 on Europe's flagship Nabucco gas pipeline project, but key issues still need to be resolved.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/euenergygaspipelinenabucco"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246649390495-1-0.jpg?x=130&y=97&q=85&sig=DD.oH.b3fmqv14FZCT3zpA--" align="left" height="97" width="130" alt="photo" title="Turkey's Prime Minister Tayyip Erdogan, seen here on June 2009, delivers a speech at the 20th Crans Montana Forum in Brussels. Erdogan will host the signing ceremony for the intergovernmental deal on Europe's flagship Nabucco gas pipeline project in Ankara on July 13.(AFP/file/Dominique Faget)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/turkeyeurussiaazerbaijanenergygasromania afp/20090703/turkeyeurussiaazerbaijanenergygasromania AFP business Fri, 03 Jul 2009 19:10:14 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/turkeyeurussiaazerbaijanenergygasromania"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246649390495-1-0.jpg?x=130&y=97&q=85&sig=DD.oH.b3fmqv14FZCT3zpA--" align="left" height="97" width="130" alt="Turkey's Prime Minister Tayyip Erdogan, seen here on June 2009, delivers a speech at the 20th Crans Montana Forum in Brussels. Erdogan will host the signing ceremony for the intergovernmental deal on Europe's flagship Nabucco gas pipeline project in Ankara on July 13.(AFP/file/Dominique Faget)" border="0" /></a>AFP - Russian Gazprom's recent deal to buy natural gas from Azerbaijan will not endanger Europe's flagship pipeline project Nabucco, Turkey's Foreign Minister Ahmet Davutoglu said here Friday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/turkeyeurussiaazerbaijanenergygasromania"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246649390495-1-0.jpg?x=130&y=97&q=85&sig=DD.oH.b3fmqv14FZCT3zpA--" align="left" height="97" width="130" alt="photo" title="Turkey's Prime Minister Tayyip Erdogan, seen here on June 2009, delivers a speech at the 20th Crans Montana Forum in Brussels. Erdogan will host the signing ceremony for the intergovernmental deal on Europe's flagship Nabucco gas pipeline project in Ankara on July 13.(AFP/file/Dominique Faget)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_markets_oil nm/20090703/us_markets_oil Reuters business Fri, 03 Jul 2009 17:42:02 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_markets_oil"><img src="http://d.yimg.com/a/p/rids/20090703/i/r2353565919.jpg?x=130&y=86&q=85&sig=O9z7aUd9ZtkxCotCXLmEUw--" align="left" height="86" width="130" alt="Steam and other emissions are seen coming from funnels at an oil refinery in Melbourne June 24, 2009. REUTERS/Mick Tsikas" border="0" /></a>Reuters - Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_markets_oil"><img src="http://d.yimg.com/a/p/rids/20090703/i/r2353565919.jpg?x=130&y=86&q=85&sig=O9z7aUd9ZtkxCotCXLmEUw--" align="left" height="86" width="130" alt="photo" title="Steam and other emissions are seen coming from funnels at an oil refinery in Melbourne June 24, 2009. REUTERS/Mick Tsikas" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/nigerianigeralgeriagaspipeline afp/20090703/nigerianigeralgeriagaspipeline AFP business Fri, 03 Jul 2009 16:48:27 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/nigerianigeralgeriagaspipeline"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246631951798-3-0.jpg?x=130&y=91&q=85&sig=IL9168eoKdQkFjVjDJg9hw--" align="left" height="91" width="130" alt="A woman carries tapioca seeds next to a gas flare fire near Warri, 2007. Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.(AFP/File/Lionel Healing)" border="0" /></a>AFP - Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/nigerianigeralgeriagaspipeline"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246631951798-3-0.jpg?x=130&y=91&q=85&sig=IL9168eoKdQkFjVjDJg9hw--" align="left" height="91" width="130" alt="photo" title="A woman carries tapioca seeds next to a gas flare fire near Warri, 2007. Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.(AFP/File/Lionel Healing)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090703/ap_on_re_af/af_saharan_gas_pipeline ap/20090703/af_saharan_gas_pipeline AP world Fri, 03 Jul 2009 15:19:56 GMT AP - Nigeria's state oil company says that Nigeria, Algeria and Niger have signed an agreement to create a $10 billion trans-Saharan gas pipeline to ship gas to Europe. http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/oil_prices ap/20090703/oil_prices AP business Fri, 03 Jul 2009 13:14:30 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/oil_prices"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246555223444-4-0.jpg?x=130&y=86&q=85&sig=LQojPLm7kOWJbFs8rppBUw--" align="left" height="86" width="130" alt="An oil platform in the North Sea. Oil prices sank under 67 dollars a barrel Thursday after weak jobs data quashed hopes of a speedy economic recovery in the United States, which is the world's top energy consumer.(AFP/SCANPIX/File)" border="0" /></a>AP - Oil prices hovered above $66 a barrel Friday in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent prices tumbling.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/oil_prices"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246555223444-4-0.jpg?x=130&y=86&q=85&sig=LQojPLm7kOWJbFs8rppBUw--" align="left" height="86" width="130" alt="photo" title="An oil platform in the North Sea. Oil prices sank under 67 dollars a barrel Thursday after weak jobs data quashed hopes of a speedy economic recovery in the United States, which is the world's top energy consumer.(AFP/SCANPIX/File)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/commoditiesenergyoilprice afp/20090703/commoditiesenergyoilprice AFP business Fri, 03 Jul 2009 12:59:48 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/commoditiesenergyoilprice"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246614394974-2-0.jpg?x=130&y=77&q=85&sig=zu0psuWIl5rs7omKlupB1A--" align="left" height="77" width="130" alt="Oil prices fell further, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.(AFP/File/Thomas Coex)" border="0" /></a>AFP - Oil prices fell further on Friday, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090703/bs_afp/commoditiesenergyoilprice"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246614394974-2-0.jpg?x=130&y=77&q=85&sig=zu0psuWIl5rs7omKlupB1A--" align="left" height="77" width="130" alt="photo" title="Oil prices fell further, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.(AFP/File/Thomas Coex)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090702/wl_canada_afp/canadaoilgaspipelineblast afp/20090702/canadaoilgaspipelineblast AFP world Thu, 02 Jul 2009 21:56:09 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090702/wl_canada_afp/canadaoilgaspipelineblast"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246571712132-1-0.jpg?x=117&y=130&q=85&sig=c9oyKyhe48mIdgvJcBas5A--" align="left" height="130" width="117" alt="A gas leak at a pipeline owned by EnCana in Canada's western British Columbia province was caused by a blast that police said Thursday is the fifth act of sabotage in the region since October 2008.(AFP/File)" border="0" /></a>AFP - A gas leak at a pipeline owned by EnCana in Canada's western British Columbia province was caused by a blast that police said Thursday is the fifth act of sabotage in the region since October 2008.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090702/wl_canada_afp/canadaoilgaspipelineblast"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246571712132-1-0.jpg?x=117&y=130&q=85&sig=c9oyKyhe48mIdgvJcBas5A--" align="left" height="130" width="117" alt="photo" title="A gas leak at a pipeline owned by EnCana in Canada's western British Columbia province was caused by a blast that police said Thursday is the fifth act of sabotage in the region since October 2008.(AFP/File)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20090702/wl_canada_nm/canada_us_markets_canada_stocks nm/20090702/canada_us_markets_canada_stocks Reuters world Thu, 02 Jul 2009 21:29:14 GMT Reuters - Toronto's main stock index finished lower on Thursday as oil prices slid and a gloomy U.S. jobs report dimmed hopes for a quick economic recovery. http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/nm/20090702/wl_canada_nm/canada_us_pipeline_encana nm/20090702/canada_us_pipeline_encana Reuters world Thu, 02 Jul 2009 20:28:48 GMT Reuters - An explosion that damaged a natural gas pipeline in northeast British Columbia this week is likely linked to earlier attacks on energy facilities in the area, Canadian police said on Thursday. http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_ge/us_oil_prices ap/20090702/us_oil_prices AP business Thu, 02 Jul 2009 19:20:17 GMT AP - Oil prices tumbled to their lowest level in a month Thursday following the release of woeful job numbers in Europe and the U.S. http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/oneworld/20090702/wl_oneworld/world3650141246560822 oneworld/20090702/world3650141246560822 OneWorld.net world Thu, 02 Jul 2009 18:50:33 GMT OneWorld.net - WASHINGTON, Jul 2 (OneWorld.net) - The Peruvian government has given a company permission to drill for oil in Amazon territories populated by two uncontacted tribes, just 13 days after dozens of people were killed during protests against the exploitation of indigenous lands. http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_ge/us_rig_count ap/20090702/us_rig_count AP business Thu, 02 Jul 2009 18:42:38 GMT AP - The number of rigs actively exploring for oil and natural gas in the United States rose by 11 this week to 928, the third consecutive week for an uptick after months of declines. http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090702/bs_afp/commoditiesenergyoilasiaprice afp/20090702/commoditiesenergyoilasiaprice AFP business Thu, 02 Jul 2009 08:45:16 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090702/bs_afp/commoditiesenergyoilasiaprice"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246555223444-4-0.jpg?x=130&y=86&q=85&sig=LQojPLm7kOWJbFs8rppBUw--" align="left" height="86" width="130" alt="An oil platform in the North Sea. Oil prices sank under 67 dollars a barrel Thursday after weak jobs data quashed hopes of a speedy economic recovery in the United States, which is the world's top energy consumer.(AFP/SCANPIX/File)" border="0" /></a>AFP - Oil prices were mixed in Asian trade Thursday, but remained below 70 dollars on US energy demand concerns, analysts said.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090702/bs_afp/commoditiesenergyoilasiaprice"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246555223444-4-0.jpg?x=130&y=86&q=85&sig=LQojPLm7kOWJbFs8rppBUw--" align="left" height="86" width="130" alt="photo" title="An oil platform in the North Sea. Oil prices sank under 67 dollars a barrel Thursday after weak jobs data quashed hopes of a speedy economic recovery in the United States, which is the world's top energy consumer.(AFP/SCANPIX/File)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090702/wl_sthasia_afp/srilankaeconomyfuel afp/20090702/srilankaeconomyfuel AFP world Thu, 02 Jul 2009 06:45:26 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090702/wl_sthasia_afp/srilankaeconomyfuel"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246516371953-1-0.jpg?x=130&y=87&q=85&sig=XqFaBj4cxAZ4YkAnRGbtOA--" align="left" height="87" width="130" alt="A Sri Lankan petrol pump attendant in Colombo in June 2008. Sri Lanka on Thursday raised retail fuel prices by up to 11 percent in a bid to offset higher crude oil import costs, the government said.(AFP/File/Lakruwan Wanniarachchi)" border="0" /></a>AFP - Sri Lanka on Thursday raised retail fuel prices by up to 11 percent in a bid to offset higher crude oil import costs, the government said.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090702/wl_sthasia_afp/srilankaeconomyfuel"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246516371953-1-0.jpg?x=130&y=87&q=85&sig=XqFaBj4cxAZ4YkAnRGbtOA--" align="left" height="87" width="130" alt="photo" title="A Sri Lankan petrol pump attendant in Colombo in June 2008. Sri Lanka on Thursday raised retail fuel prices by up to 11 percent in a bid to offset higher crude oil import costs, the government said.(AFP/File/Lakruwan Wanniarachchi)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090701/wl_sthasia_afp/indiaeconomyenergyoil afp/20090701/indiaeconomyenergyoil AFP world Wed, 01 Jul 2009 15:37:10 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090701/wl_sthasia_afp/indiaeconomyenergyoil"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246456196593-1-0.jpg?x=92&y=130&q=85&sig=63S4M8M5OQn93G0okHkpIA--" align="left" height="130" width="92" alt="An Indian petrol station employee counts currency notes in New Delhi in June 2008. The Indian government Wednesday announced a rise in petrol and diesel fuel prices, saying its hand had been forced by the increase in global crude oil prices.(AFP/File/Prakash Singh)" border="0" /></a>AFP - The Indian government Wednesday announced a rise in petrol and diesel fuel prices, saying its hand had been forced by the increase in global crude oil prices.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/afp/20090701/wl_sthasia_afp/indiaeconomyenergyoil"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246456196593-1-0.jpg?x=92&y=130&q=85&sig=63S4M8M5OQn93G0okHkpIA--" align="left" height="130" width="92" alt="photo" title="An Indian petrol station employee counts currency notes in New Delhi in June 2008. The Indian government Wednesday announced a rise in petrol and diesel fuel prices, saying its hand had been forced by the increase in global crude oil prices.(AFP/File/Prakash Singh)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090701/ap_on_re_mi_ea/ml_iraq_oil ap/20090701/ml_iraq_oil AP world Wed, 01 Jul 2009 14:19:31 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090701/ap_on_re_mi_ea/ml_iraq_oil"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246657789050-7-0.jpg?x=130&y=104&q=85&sig=Z8Ux_kl1zEo4Oxby9GlO7Q--" align="left" height="104" width="130" alt="US Vice President Joe Biden was to hold talks with Iraqi leaders on Friday focused on bridging the country's sectarian divide ahead of a complete American military pullout in 2011.(AFPTV/POOL)" border="0" /></a>AP - Iraq's government on Wednesday approved a BP-led consortium's offer to develop a giant oil field in the south, moving forward with the only deal struck during a much-hyped but ultimately disappointing international oil auction.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090701/ap_on_re_mi_ea/ml_iraq_oil"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246657789050-7-0.jpg?x=130&y=104&q=85&sig=Z8Ux_kl1zEo4Oxby9GlO7Q--" align="left" height="104" width="130" alt="photo" title="US Vice President Joe Biden was to hold talks with Iraqi leaders on Friday focused on bridging the country's sectarian divide ahead of a complete American military pullout in 2011.(AFPTV/POOL)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/bw/20090701/bs_bw/0927b4138057211647 bw/20090701/0927b4138057211647 BusinessWeek Online business Wed, 01 Jul 2009 12:08:43 GMT BusinessWeek Online - While the price of a barrel of oil has doubled since early March, to about $68, natural gas prices are languishing at about $4 per million BTUs. In markets where traders make bets based on those standard measures of barrels and BTUs, the 18-to-1 price ratio for oil is about double the typical ratio of 8 or 9 to 1. That has some speculators betting natural gas prices will spike. http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/world_markets ap/20090701/world_markets AP business Wed, 01 Jul 2009 12:44:14 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/world_markets"><img src="http://d.yimg.com/a/p/ap/20090630/capt.2ec41563006d40c0a0fb1c621c02e628.china_markets_sha106.jpg?x=130&y=89&q=85&sig=BgolXCJmEyvwiL2SfWEPjQ--" align="left" height="89" width="130" alt="An investor looks at the stock price monitor at a private securities company Tuesday June 30, 2009, in Shanghai, China. Asian markets were mixed Tuesday and European shares opened lower as investors braced for economic reports that will train a spotlight on the vitality of a possible global economic recovery. China's Shanghai index dropped 0.5 percent. (AP Photo/Eugene Hoshiko)" border="0" /></a>AP - European stock markets rose Wednesday as solid manufacturing news helped fuel investor optimism. Wall Street was set to open higher too ahead of data on the manufacturing and housing industries.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/world_markets"><img src="http://d.yimg.com/a/p/ap/20090630/capt.2ec41563006d40c0a0fb1c621c02e628.china_markets_sha106.jpg?x=130&y=89&q=85&sig=BgolXCJmEyvwiL2SfWEPjQ--" align="left" height="89" width="130" alt="photo" title="An investor looks at the stock price monitor at a private securities company Tuesday June 30, 2009, in Shanghai, China. Asian markets were mixed Tuesday and European shares opened lower as investors braced for economic reports that will train a spotlight on the vitality of a possible global economic recovery. China's Shanghai index dropped 0.5 percent. (AP Photo/Eugene Hoshiko)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/energy/*http://news.yahoo.com/s/ibd/20090630/bs_ibd_ibd/20090630general ibd/20090630/20090630general Investor's Business Daily business Tue, 30 Jun 2009 23:15:13 GMT Investor's Business Daily - China National Oil Co. is usually viewed as a tool of government interests -- a state-owned entity that hungrily seeks overseas oil and exploration contracts to meet China's burgeoning energy needs.