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  • Trump pick to lead EPA has spotty state environmental record

    When President-elect Donald Trump's choice to head the U.S. Environmental Protection Agency first took office as Oklahoma's attorney general, he disbanded the unit responsible for protecting the state's ...

  • Pumpjacks taken out of production temporarily stand idle at a Hess site while new wells are fracked near Williston

    Oil prices fell on Wednesday on expectations that U.S. producers would boost output, just as OPEC signalled that a global supply-reduction deal will shrink the oil glut this year. Brent crude futures, the international benchmark for oil prices, were down 75 cents $54.72 a barrel at 1230 GMT. U.S. West Texas Intermediate …

  • Gold bars are seen at the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna

    Gold retreated on Wednesday from the previous day's eight-week high, as a rebound in the dollar ahead of U.S. inflation data and a speech by Federal Reserve chair Janet Yellen prompted some buyers to cash in gains. The metal peaked at $1,218.64 an ounce on Tuesday as the dollar index slid to a four-week low, hurt by U.S. …

  • Oil prices fell on Wednesday on expectations that U.S. producers would boost output, just as OPEC signalled that a global supply-reduction deal will shrink the oil glut this year. Brent crude futures (LCOc1), the international benchmark for oil prices, were down 75 cents $54.72 a barrel at 1230 GMT. U.S. West Texas Intermediate …

  • Indian Oil Corp has extended a shutdown of a hydrocracker unit at its 150,000 barrels per day (bpd) Haldia refinery in West Bengal, forcing it to export the vaccum gasoil, it said in a statement on Wednesday. "The hydrocracker unit at Haldia Refinery has been undergoing a planned shutdown, which is being extended due to …

  • OPEC output inches down after November deal

    OPEC's landmark deal in November aimed to cut production, but the latest figures show that output is still above promised levels

  • FILE PHOTO - A flag with the OPEC logo is seen before a news conference in Vienna

    LONDON (Reuters) - OPEC signalled a falling oil supply surplus in 2017 on Wednesday as the producer group's output declines from a record high and outside producers show positive initial signs of complying ...

  • Africa's richest man Aliko Dangote has partnered with China's heavy duty truck group Sinotruck to set up a $100 million plant to assemble trucks and cars in Nigeria for local use and export, the executive director of Dangote group said. The joint venture, which is 65 percent owned by Dangote and 35 percent by Sinotruck …

  • Serbia hopes to discuss a new loan agreement with the International Monetary Fund in the spring, Prime Minister Aleksandar Vucic said on Wednesday. Serbia's 1.2 billion-euro loan agreement with the IMF is due to end in February 2018. Last November, the IMF raised its forecast for Serbia's 2016 economic growth to 2.7 percent …

  • VEGOILS-Palm oil declines as ringgit strengthens Reuters - 2 hours 50 minutes ago

    * Forecasts of higher production weigh on market * Prices could start falling next month - trader * Palm may test resistance at 3,169 ringgit - technicals (Updates with latest prices) By Emily Chow KUALA ...

  • An employee fills a container with diesel at a gas station in Riyadh

    A rebound in oil prices over the past few months looks set to improve the external balances of rich Gulf Arab countries but economic growth will stay low, a quarterly Reuters poll of analysts found. If current prices hold, that will boost Gulf states' export revenues and ease pressure on their currency pegs to the U.S. …

  • New sukuk issuance with a maturity over 18 months from the core markets of the Gulf Cooperation Council (GCC) region, Malaysia, Indonesia, Turkey and Pakistan rose to USD40bn in 2016 from about USD32bn a year earlier. This represented 28.5% of total bond and sukuk issuance in these markets in 2016, down marginally  …

  • MOSCOW (Reuters) - The acquisition of a 19.5 percent stake in Russia's Rosneft oil firm was paid for by foreign companies, Tass news agency quoted Andrei Kostin, Chief Executive of Russian state lender ...

  • A California natural gas storage facility where a blowout spewed methane for nearly four months has completed a safety review required to resume operations, though it might never return to full capacity, ...

  • Japan's national flag is seen in front of a crane at a construction site at a business district in Tokyo

    Japan's economy is expected to grow at a slightly faster pace in the fiscal year starting in April than projected last month, but there is heightened uncertainty over the outlook as U.S. President-elect Donald Trump prepares to take office, a Reuters poll showed. While a weaker yen is supporting Japan's export-driven …

  • China's economy likely grew by a steady 6.7 percent in the fourth quarter, the same pace as in the previous three quarters, supported by higher government spending and record bank lending that has stoked concerns about debt risks, according to a Reuters poll of 62 economists. The world's second-largest economy also likely …

  • China's economy likely grew by a steady 6.7 percent in the fourth quarter, the same pace as in the previous three quarters, supported by higher government spending and record bank lending that has stoked concerns about debt risks, according to a Reuters poll of 62 economists. The world's second-largest economy also likely …

  • The logo of the Venezuelan state oil company PDVSA is seen at a gas station in Caracas

    Shipping operations at one of three docks of Venezuela's main crude exporting port were halted after an oil spill occurred while loading a vessel bound for India, union and shipping sources told Reuters on Tuesday. The spill, which happened over the weekend at Jose port's Eastern dock and whose size has not yet been disclosed, …

  • Crude oil tanks at Kinder Morgan's terminal are seen in Sherwood Park, near Edmonton

    Oil prices were little changed on Tuesday as a decline in the U.S. dollar and comments by Saudi Arabia that it would adhere to OPEC's commitment to cut output. The dollar (.DXY) fell to a near six-week low against a basket of currencies after U.S. President-elect Donald Trump said that the strong greenback was hurting …

  • Business Highlights Associated Press - 14 hours ago

    ___ New prescription: Doctor offices that look like Apple stores After a relative suffered a heart attack a few years ago, Silicon Valley entrepreneur Adrian Aoun got an unsettling look at a health-care ...

  • LUSAKA (Reuters) - Konkola Copper Mines (KCM), owned by global conglomerate Vedanta Resources PLC (VED.L), will pay the first tranche of a $100 million fine to the Zambian government by the end of month, ...

  • AUSTIN, Texas (AP) — The demand to lease Texas' publicly held land for energy exploration has increased since last summer, despite low oil prices — but it generated lower average prices.

  • Dakota Access company seeks to block pipeline study

    The company building the Dakota Access oil pipeline wants a federal judge to block the U.S. Army Corps of Engineers from launching a full environmental study of the $3.8 billion pipeline's disputed crossing ...

  • BISMARCK, N.D. (AP) — The Latest on the court dispute over the Dakota Access oil pipeline. (all times local):

  • New nationwide rules to curtail the practice of burning off excess natural gas from oil and gas wells on federal land took effect as scheduled Tuesday after a judge said he saw no urgent reason to block ...

  • Figures on government spending and debt Associated Press - 16 hours ago

    Figures on government spending and debt in millions of dollars. The government's fiscal year runs Oct. 1 through Sept. 30.

  • FILE PHOTO - The setting sun reflects on a building at Rolls-Royce in Derby

    Rolls-Royce Plc (RR.L) agreed to pay authorities more than $800 million to resolve charges of bribing officials in six countries in schemes that lasted more than a decade, the U.S. Justice Department and UK Serious Fraud Office said in statements on Tuesday. The company admitted to paying officials at state-run energy …

  • Rolls-Royce Plc (RR.L) agreed to pay authorities more than $800 million (646.26 million pounds) to resolve charges of bribing officials in six countries in schemes that lasted more than a decade, the U.S. Justice Department and UK Serious Fraud Office said in statements on Tuesday. The company admitted to paying officials …

  • The heads of some of the world's biggest oil firms and automakers agreed on Tuesday to push for broader global use and bigger investments in using hydrogen to help reduce emissions and arrest global warming. The oil firms' and car makers' chiefs said the plan was part of global efforts to keep global warming well below …

  • The heads of some of the world's biggest oil firms and automakers agreed on Tuesday to push for broader global use and bigger investments in using hydrogen to help reduce emissions and arrest global warming. The oil firms' and car makers' chiefs said the plan was part of global efforts to keep global warming well below …

  • Canada's main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document seen by Reuters. The Canadian Security Intelligence Service (CSIS) …

  • Grain higher, livestock higher Associated Press - 17 hours ago

    Grain futures were higher Tuesday on the Chicago Board of Trade. Wheat for Mar. was up 7.505 cents to 4.3350 a bushel; Mar. corn rose 7 cents at 3.6550 a bushel; Mar. oats gained 6.75 cents at $2.4925 ...

  • Oil prices were little changed on Tuesday as a decline in the U.S. dollar and comments by Saudi Arabia that it would adhere to OPEC's commitment to cut output. The dollar (.DXY) fell to a near six-week low against a basket of currencies after U.S. President-elect Donald Trump said that the strong greenback was hurting …

  • Canadian gold miner Goldcorp Inc (G.TO) detailed an ambitious growth plan on Tuesday that includes increasing production as well as yet-to-be-mined reserves by 20 percent over the next five years from existing operations and deposits, lifting its shares. "Growth is not as dirty a word as it was a couple of years ago," …

  • Exxon Mobil Corp said on Tuesday it will pay up to $6.6 billion to double its holdings in the Permian Basin of west Texas and New Mexico, the largest oil field in the United States. The deal, Exxon's biggest since its 2009 buyout of XTO Energy, is the latest by oil producers across the Permian since last summer, with technological …

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