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Rigzone Industry News

1. India Grants Marine Insurance Approval for Russian Firms

   India has granted marine insurance approval to four Russian firms.

2. Oil Rises on Weaker US Dollar

   Oil erased earlier losses to top $83 a barrel as a weaker dollar boosted commodities priced in the currency.

3. USA Crude Oil Stocks Drop More Than 6MM Barrels WoW

   Crude oil stocks in the U.S., not including the SPR, stood at 453.6 million barrels on April 19, according to the EIA.

4. European Gas Traders Are Already Worrying About Next Winter

   Traders are getting agitated again.

5. USA Upstream Merger Activity Gets Off to Record Start

   'Following last year's blockbuster $192 billion in U.S. upstream consolidation, 1Q24 would be on track to surpass that record with $51 billion in announced deals,' EIR noted.