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Oil prices edged higher as Middle East tanker attacks and Hurricane Isaias heightened supply concerns.
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Australia is set to unveil the final version of a controversial plan to force liquefied natural gas producers to reserve as much as a fifth of their output for local buyers.
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'Selling a relatively mature asset into a strong commodity price environment improves our go-forward capital efficiency and allows us to accelerate share buybacks, strengthen our balance sheet and increase long-term value for shareholders'.
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With a projected capital of $3.5 billion, the agreed program for the onshore Cabimas and Delta blocks forecasts production of up to 150,000-160,000 bpd for over 10 years.
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Commercial crude oil stocks, not including the SPR, came in at 424.134 million barrels on October 2, the EIA revealed.
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Ukraine said it attacked Lukoil PJSC's Ukhta oil-processing plant, the fourth Russian refinery it's hit so far this week.
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IEA member governments 'expressed support for accelerating the oil stock releases announced in the Collective Action of March 2026', IEA Executive Director Fatih Birol said.
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'These will be profitable barrels that can help maintain activity and production on the Gullfaks field'.
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That represents 34.77 percent of the 371 manned platforms in the Gulf of America, the Marine Minerals Administration highlighted.
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Saudi Arabia and the United Arab Emirates will support a Japanese initiative to bolster oil supplies in Southeast Asia after war-driven disruptions heightened concerns over energy security.
