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Oil jumps the most since the first of the month as American crude stockpiles at a key storage hub shrank by the most since August.
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The price of Canadian heavy crude weakened Tuesday as a worker strike at the nation's largest railway curbed oil shipments, exacerbating a supply glut that's crippled Canada’s oil industry.
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Pony Express plans to build 25 miles of new 12-inch pipeline from the Hereford origin to the new origin point in Wyoming.
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Next Wave Energy Partners, LP has made a positive final investment decision to build a new alkylate production facility in Pasadena, Texas.
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Russia offered yet another explanation for why its oil production may exceed its OPEC+ target for November.
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Siemens AG aims to shed about 75% of its struggling power and gas unit in one of the most radical moves to date by CEO Joe Kaeser to untangle the sprawling conglomerate and try to boost its valuation.
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International oilfield services provider Petrofac Limited announced Wednesday that it has entered into the world's largest producing basin with the acquisition of W&W Energy Services.
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Reliance Industries Ltd, run by Asia's richest man Mukesh Ambani, has eclipsed BP to break into an elite club of energy supermajors.
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Exxon Mobil Corp. had the outlook on its top-notch debt rating lowered by Moody's Investors Service Inc. to negative due to a 'substantial' cash burn to fund growth.
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Xu Keqiang has been appointed as CNOOC Limited's new chief executive officer, effective immediately.
