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Germany Examines Nationalising Rosneft Arm After Trump Sanctions, Say Sources

CDN and International News, Conventional Energy, Latest, Oil / By

By John O’Donnell and Christoph Steitz Russia’s Rosneft controls key flow of oil to Germany Rosneft swept up in Trump sanctions on Russia Berlin now mulls sidelining Rosneft BERLIN/FRANKFURT, Oct 29 (Reuters) – U.S. sanctions on Russian oil producer Rosneft (ROSN.MM) have rekindled discussions in Germany about nationalising the company’s business there, including a refinery …

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US Crude Stocks, Gasoline and Distillate Inventories Fall, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – HOUSTON, Oct 29 – U.S. crude stocks and gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories dropped by 6.86 million barrels to 416 million barrels in the week ended October 24, the EIA said, compared with analysts’ expectations in a Reuters poll for a 211,000-barrel …

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US Oil Field Production Rose to Record 13.6 Million bpd Last Week – EIA

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(Reuters) – U.S. weekly oil field production rose by 15,000 barrels per day (bpd) to a record 13.6 million bpd during the week ended October 24, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Wednesday. Gulf Coast weekly crude oil imports fell 477,000 bpd last week to 597,000 bpd, …

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Kuwait Oil Company to Spend $3.9 Billion on Exploration by 2030, Deputy CEO Says

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(Reuters) – Kuwait Oil Company (KOC) plans to spend 1.2 billion dinars ($3.92 billion) on its exploration drilling program through 2030, its senior executive told Reuters in an interview. The spending is part of a 9.8-billion-dinar budget – the company’s biggest ever – allocated for drilling and maintenance of up to 6,193 wells by the …

Kuwait Oil Company to Spend $3.9 Billion on Exploration by 2030, Deputy CEO Says Read More »

Saudi OPEC Strategy Pulled by Warring US, Russia Interests

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Ron Bousso Summary OPEC+ meets on November 2 to discuss oil production targets Trump will likely repeat call on OPEC to increase output after hitting Russia with sanctions Russia likely to support stopping or reversing increases (Reuters) – Saudi Arabia is caught between Donald Trump and a hard place, as the U.S. president’s latest oil …

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Russia’s Oil Exports Hold Steady, Fresh Sanctions Yet to Make Impact

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(Reuters) – Newly imposed U.S. and EU sanctions targeting Russia and its oil giants Rosneft and Lukoil  have yet to disrupt physical crude shipments from the country’s western ports, according to LSEG data and market sources. Despite weather-related constraints and sanction pressure, October exports from western ports of Primorsk, Ust-Luga and Novorossiisk are seen at about …

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Many Indian Refiners Pause New Russian Oil Orders, Await Clarity

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Summary Indian refiners refrain from new Russia oil purchases Indian Oil says will continue to buy compliant Russian oil Indian Oil, MRPL issue tenders for purchases BPCL plans tender for December-loading cargoes HYDERABAD, India, Oct 28 (Reuters) – Many Indian refiners have paused new orders for Russian oil since U.S. sanctions last week on Moscow’s …

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Europe’s Top Rights Court Rejects Climate Challenge Against Norway’s Oil

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Summary NGOs, young plaintiffs challenged Norway’s oil drilling permits European Court of Human Rights unanimously backs government Norway is western Europe’s biggest oil, gas producer Court says environmental impact must still be assessed OSLO, Oct 28 (Reuters) – The European Court of Human Rights on Tuesday ruled in favour of Norway’s government in a climate …

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Oil Falls Over 1% as Investors Assess Russia Sanctions, OPEC+ Output Plans

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary API data shows stock build last week Demand-side pessimism eases, though caution lingers U.S. EIA weekly inventory report due today (Reuters) – Oil prices fell on Wednesday as traders eyed a potential jump in U.S. crude inventories, while OPEC lowered its oil supply growth forecast for producers outside OPEC+. Brent crude futures fell 75 …

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