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By Reuters Staff 1 Min Read General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020. REUTERS/Mike Segar/File Photo NEW YORK (Reuters) - U.S. weekly refinery utilization rates last week rose to 88.7%, the highest since February 2020, according to U.S. Energy Information Administration data released on Thursday. Midwest weekly refinery utilization rates rose to 91.5%, also the highest since February 2020, the data showed. Reporting by Devika Krishna Kumar in New York; Editing by Chizu Nomiyama ....
Ecuador's government said on Tuesday it would pay $374 million granted to French oil company Perenco by an arbitration tribunal related to a dispute over a 2007 decree that reserved "extraordinary income" from oil operations for the state. ....
Oman may be rowing back on an austerity plan to fix its shaky finances in the face of protests over unemployment but investors are cutting the Gulf state's new ruler some slack for now. ....
Orsted, the world's largest offshore wind farm developer, plans to ramp up investments to become a global leader in renewable energy, spending $57 billion from 2020-2027. ....