Oil Falls as G-7 Plans Crude, Diesel Release, But Hormuz Risks Persist
Oil prices fell as traders weighed a planned release of emergency oil and diesel stocks by G-7 countries against renewed attacks around the Strait of Hormuz and persistent Middle East supply risks.
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Aramco CEO Says Oil Inventories Could Take Two Years to Rebuild
Amin Nasser said the global supply cushion was scarily thin, with estimates less than 6 billion barrels of commercial inventories remain-and most of that wasn't practically available.
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Saudi Arabia Slashes Crude Prices for Asia as Exports Recover
Saudi Aramco lowered the official selling price for November shipments of its Arab Light crude to Asia by $3 a barrel to a discount of $5 a barrel to the Oman/Dubai benchmark.
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LNG's Golden Age Could Last Longer Than Expected. These Stocks Benefit Most.
Companies that export liquefied natural gas have been minting profits this year.
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Ithaca Energy to Buy Offshore Canada Oil Assets for Up to $1.1 Billion
The company said the deal adds scale and diversification in an operating environment similar to the U.K. Continental Shelf and materially enhances its production outlook.
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Energy & Utilities Roundup: Market Talk
Find insight on National Grid, Ithaca Energy, Medco Energi Internasional and more in the latest Market Talks covering Energy and Utilities.
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These Energy Companies Put Oklahoma City on the Map. Now They're Moving to Texas.
The departures of Devon Energy and Expand Energy are the latest sign that oil-and-gas mergers are consolidating the industry in Houston.
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Oil Was Pouring Out of Hormuz Again. Then Attacks on Ships Resurged.
Iran's targeting of ships has improved, according to a U.S. official, making transits through the Strait of Hormuz riskier.
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OPEC, Allies Hold Oil Output Steady Amid Middle East Tensions
Growing security risks threaten to undermine a recent recovery in regional crude exports, keeping the supply outlook uncertain.
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How Supreme Court Battles Involving Apple, Exxon, and Intel Could Hit Your Portfolio
The court will begin hearing oral arguments on Monday.
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Africa's Richest Man Wants to Turn a Pristine Coastline Into an Oil Hub
The billionaire is laying the groundwork for a $15 billion refinery across the bay from the 700-year-old Swahili trading port.
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Truckers Are Using Every Trick They Can to Survive Soaring Diesel Prices
A day at a truck stop in Texas shows an industry essential to the U.S. economy under tremendous pressure.
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G-7 Agrees to Release 100 Million Barrels of Diesel and Crude
The announcement would seem to end the threat of a U.S. ban on diesel exports, at least for now.