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Turkey ship strait delays stalling dozens of oil tankers

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By Firat Kayakiran and Sherry Su on 1/22/2019 LONDON (Bloomberg) — Oil tankers exporting Kazakh and Russian crude from ports in the Black Sea are contending with spiraling delays when navigating Turkey’s key shipping straits, stalling the delivery of millions of bbl of supplies to refineries on the Mediterranean Sea and beyond.  The lengthening queues Read More

U.S. could soon produce more crude than Saudis can at their peak

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By Grant Smith on 1/18/2019 LONDON (Bloomberg) — America’s journey to preeminence in the global oil trade is about to hit another milestone.  Propelled by the shale-oil boom, the U.S. is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one Read More

EU curbs steel imports until 2021 to counter US trade policies

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The European Union has set restrictions on imports of steel to the bloc in response to US President Donald Trump’s imposition of tariffs on metals imported into the US. The safeguard measures approved on Wednesday impose quotas on 26 product categories, and levy a 25 percent duty on imports exceeding those quotas, according to the Read More

Australia's blistering heat set records for December: weather bureau

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A koala grooms itself near a sprinkler during a heatwave in Springfield’s Carrick Hill, Adelaide, South Australia, Australia in this still image taken from social media video January 15, 2019. Catherine Lawless via REUTERS MELBOURNE (Reuters) – Australia reported its hottest day on record for December and it was also the warmest December ever, during Read More

Oil gains with Wall Street, but rising U.S. fuel stocks weigh

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NEW YORK (Reuters) – Oil prices edged higher on Wednesday, buoyed by a U.S. equity market rally and a supply cut agreement by OPEC+, but gains were limited by data showing growing U.S. refined product inventories and record crude production. FILE PHOTO: Pump Jacks are seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Read More

UnitedHealth profit beats expectations, shares rise

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(Reuters) – UnitedHealth Group Inc (UNH.N), the largest U.S. Health insurer, beat Wall Street estimates for fourth-quarter profit on Tuesday, driven largely by growth in its Optum services business, including its pharmacy benefits unit. FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock Exchange Read More

Brookmount Explorations, Inc. Reports Guidance for Financial Performance in 2018

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LOS ANGELES, CA, Jan. 15, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Brookmount Explorations, Inc. (“Brookmount”), a Nevada incorporated company (OTC “BMXI”), reported anticipated sales for the fiscal year to 11/30/2018 in excess of $3.5 million, generating profit from operations exceeding $1.5 million. In addition to revenue recorded from sales of gold produced during the Read More

Bellatrix Announces a Fourth Quarter 2018 Operational Update and 2019 Capital Budget

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CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces a fourth quarter 2018 operational update with full year average volumes exceeding guidance, and its 2019 capital budget designed to deliver stable corporate production volumes, supported by strong commodity price risk management and market diversification contracts. Read More

No clear path for California as massive PG&E utility nears bankruptcy

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SACRAMENTO, Calif. (Reuters) – PG&E Corp’s announcement that it will file for bankruptcy, citing massive potential liability from deadly wildfires, puts California politicians in quandary, whether to offer a bailout or risk allowing the state’s largest private utility to fail. Pacific Gas and Electric (PG&E) trucks are seen parked on a road between homes destroyed Read More