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An Italian government source has reportedly dismissed local media speculation suggesting Rome would offload its 4.3% stake in Eni as part of efforts to reduce Italy’s national debt.

Posted By : Rabi Wangkhem 1 hour 51 minutes ago
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S&P Global Platts said that the Philippines and other oil importing countries will have a more diversified source of fuel as supply of refined petroleum products from Asia come onstream in the near term while a new wave...

Posted By : Rabi Wangkhem 1 hour 53 minutes ago
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Bloomberg reported that OPEC’s supply cuts are providing a windfall for producers of heavy crude from Western Canada and the Gulf of Mexico.

Posted By : Rabi Wangkhem 1 hour 55 minutes ago
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Reuters reported that US shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country - a sign that output may not rise as...

Posted By : Rabi Wangkhem 1 hour 56 minutes ago
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KEI-RSOS Petroleum & Energy, which currently operates five marginal gas fields in the KG Basin and markets the gas to industries, announced securing two oil and gas blocks in the KG Basin from the union petroleum and...

Posted By : Rabi Wangkhem 1 hour 58 minutes ago
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Reuters reported that output or exports? OPEC members have argued for decades over which of the two they should monitor to gauge compliance with oil-output cuts. This month, Saudi Arabia has thrown a third metric -...

Posted By : Rabi Wangkhem 2 hours 1 minute ago
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Reuters reported that Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders.

Posted By : Rabi Wangkhem 2 hours 3 minutes ago
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Business Insider reported that the United States has got a lot of crude oil on its hands right now.

Posted By : Rabi Wangkhem 2 hours 5 minutes ago
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Experts said that the Organisation of the Petroleum Countries (Opec) should formulate a new strategy to tackle challenges in oil markets.

Posted By : Rabi Wangkhem 2 hours 7 minutes ago
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Moody’s Investors Service (Moody’s) has changed its outlook on the global integrated oil and gas sector to positive from stable as higher profits from upstream operations fuel a faster recovery in earnings growth.

Posted By : Rabi Wangkhem 2 hours 9 minutes ago
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