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Iran says new U.S. sanctions illegitimate, points to Washington's arms sales

DUBAI, Jan 18 (Reuters) - Iran said on Monday new U.S. sanctions imposed on the Islamic Republic's ballistic missile programme were illegitimate because of Washington's arms sales in the Middle East.

To get big results for energy in the US Congress, start small

There are hundreds of groups of US legislators huddled around special interests in the Congress, including several dozen organized around energy-related issues.

China ban on new coal mines barely scratches the surface of tackling capacity

BEIJING, Jan 18 (Reuters) - China's decision to stop approving new coal mines for three years has been applauded by green groups, but the move is likely to make barely a dent on the world's biggest coal industry given its vast existing production capacity.

COLUMN-LNG looks poised to follow crude oil's plunge: Russell

LAUNCESTON, Australia, Jan 18 (Reuters) - - In contrast to the carnage in crude oil markets, liquefied natural gas (LNG) prices in Asia have enjoyed relative stability for the past three months, but it's unlikely the calm will persist much longer.

UPDATE 1-Suncor, Canadian Oil in talks aimed at clinching friendly deal-source

TORONTO, Jan 17 (Reuters) - Suncor Energy Inc, which recently extended its hostile bid for Canadian Oil Sands Ltd , is now in talks with its target and a friendly deal could be clinched as early as Monday, according to a source familiar with the matter.

Australia stocks hit 2-1/2-yr lows, NZ shares fall hard on global headwinds

SYDNEY/WELLINGTON, Jan 18 (Reuters) - Australian and New Zealand shares started the week on a sour note, tracking Wall Street's tumble as deepening oil woes reinforced global growth concerns.

Suncor hopes to raise bid for Canadian Oil Sands -WSJ

NEW YORK, Jan 17 (Reuters) - Suncor Energy Inc is working to raise its all-stock offer for rival Canadian Oil Sands Ltd and a deal could be announced as early as Monday, the Wall Street Journal said, citing a source familiar with the situation.

UPDATE 1-Oil slides to lowest since 2003 as Iran sanctions are lifted

* Western sanctions against Tehran were lifted over the weekend

Pump-maker Colfax hit hard by oil rout seems a bargain: Barron's

NEW YORK, Jan 17 (Reuters) - The collapse in oil prices has hit energy-related stocks hard, but pump and welding products maker Colfax Corp has cut costs, and earnings are holding up, making its shares look like a bargain, Barron's said in its latest edition.

Some Jewish-American groups welcome Iran deal but remain wary

NEW YORK, Jan 17 (Reuters) - A Jewish-American group that lobbied for the Iran nuclear agreement said on Sunday the prisoner swap and Tehran's release of captured U.S.

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