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Shell said thelow priceof oil would not deter its commitment to the project Shell has delayed its decision on whether or not to invest in an oil drilling operation off the coast ofNigeria, which the Financial Times reports would require $12bn in spending.

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Some market sources expect anewtariff system from January 1 will provide some support forcoalimports and put domesticpricesunder pressure. China has announced plans to scrap itscoal-electricitypricelinkage mechanism from next year in a bid to keep raw material and electricityprices low.