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Hungarian oil group MOL expects to be able to choose between Russian or non-Russian crude for its refineries by 2026, its Chairman and Chief Executive Zsolt Hernadi told Reuters, by implementing substantial investments.
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Guyana's government on Friday announced it approved a production license for a consortium led by Exxon Mobil to develop its fifth and most expensive oil project in the country, Uaru, the Natural Resources ministry said.
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The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals.
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The broadcast venture of India's Reliance has struck a deal with Warner Bros Discovery Inc. for its streaming platform JioCinema, making a big push to bring Hollywood content onto the platform and compete against Netflix and Amazon.
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Residual fuel oil stocks at key trading hub Singapore fell to four-week lows, with net imports easing by 19% after jumping last week, official data showed on Thursday.