U.S. crude stockpiles fall more than expected
U.S. crude oil stockpiles fell more than expected last week due to strong export and refining demand, the Energy Information Administration said on Wednesday,
Source: reuters.com
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Gupta seeks extension to challenge freezing order in Trafigura case
Prateek Gupta's lawyers are seeking an extension of a deadline to challenge a $625 million global freezing order imposed by a London Court on the Indian businessman and his firms until June, a spokesperson said on Wednesday.
Source: reuters.com
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Nigerian sovereign fund, Vitol launch venture to invest in carbon removal projects
Nigeria's sovereign wealth fund and Vitol (VITOLV.UL) have launched a joint venture to invest in a range of carbon avoidance and removal projects, the fund said on Wednesday.
Source: reuters.com
OPEC+ may spur U.S. crude oil exports, tick production higher
OPEC's surprise oil production cuts could lead to higher demand for U.S. oil in Europe and Asia and could encourage some other producers to boost output, industry executives and analysts said on Monday.
Source: reuters.com
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Indonesia's Pertamina to spend nearly $2 bln to improve safety
Indonesian state oil firm PT Pertamina plans to spend nearly $2 billion in the period up to 2026 to improve safety at its facilities, executives said on Tuesday, as lawmakers grilled officials over their response to a series of fires and explosions.
Source: reuters.com