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Gazprom agreement welcomed by the EU

The decision by Gazprom to agree to overhaul some of its monopolistic trading practices in eight European states for an eight-year period is being hailed by the company and the European Union as a victory for both sides.

Fighting hits Libya output

The Libyan oil ports of Ras Lanuf and Es Sider are back in the hands of the rival Libyan government in the east of the country, amid reports of growing Russian involvement in the five-year-old civil war.