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EXCLUSIVE-Biden mulls giving refiners relief from U.S. biofuel laws -sources

President Joe Biden's administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.

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Fire out at Valero Port Arthur refinery; small HCU shut - sources

A fire on the small hydrocracking unit (HCU) was extinguished on Thursday afternoon at Valero Energy Corp's 335,000-barrel-per-day Port Arthur, Texas, refinery, people familiar with plant operations said.

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Indian shares hit record highs on reopening cheer, U.S. inflation data

Indian shares hit record highs on Friday, boosted by financials and energy stocks, as more states lifted pandemic restrictions and U.S. inflation data allayed investors' worries.

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Saudi Arabia to supply full July crude oil volumes to buyers in Asia - sources

Saudi Arabia, the world's top crude oil exporter, will supply full volumes of July-loading crude to its Asian customers, five sources with knowledge of the matter told Reuters on Friday.

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Exclusive-Biden considers giving refiners relief from U.S. biofuel laws, sources say

President Joe Biden's administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.

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Exclusive: Biden considers giving refiners relief from U.S. biofuel laws, sources say

President Joe Biden's administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.

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Singapore fuel oil inventories hit 5-week high on growing net imports

Singapore residual fuel oil inventories climbed 5% in the week to June 9, extending sharp gains from the previous week as export volumes plunged, official data showed on Thursday.

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Japan's Eneos, Sojitz to build 204 MW solar farm in Australia

Japan's biggest oil refiner Eneos Holdings and trading house Sojitz Corp said on Thursday they will build a 204 megawatts (MW) solar power farm in Queensland, Australia.

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U.S. crude stocks down, fuel inventories rise - EIA

By Reuters Staff
2 Min Read
FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo
(Reuters) - U.S. crude stocks fell for the 11th straight week as refiners ramped up output, but fuel inventories grew sharply due to weak consumer demand, the Energy Information Administration said on Wednesday.
Crude inventories fell by 5.2 million barrels in the week to June 4 to 474 million barrels, the 11th straight weekly inventory decline as refiners have boosted output as the economy recovers after the COVID-19 pandemic and in anticipation of more summer driving.

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Brazil's Petrobras puts stake in petrochemical complex up for sale

Brazilian state-run oil company Petroleo Brasileiro SA has begun the sale process for its 27.88% stake in the Deten Quimica SA petrochemical complex in the northeastern state of Bahia, it said in a Wednesday securities filing.

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