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Japan resumes oil imports from Iran after latest US sanctions

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Tokyo has resumed purchases of Iranian oil for the first time since suspending imports in line with US sanctions against the Islamic Republic, according to reports citing a Japanese Refinery and the head of Iranian Central Bank. Japan, one of Iran’s largest oil importers, stopped buying Iranian crude more than a month before Washington unleashed Read More

API has projected continued growth of U.S. energy as the world leader verified by fourth-quarter natural gas, oil data

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1/20/2019 Photo: BP Gulf of Mexico. WASHINGTON — Estimated total natural gas and oil well completions rose 23% in the fourth quarter of 2018 compared to year-ago levels, according to API’s 2018 Quarterly Well Completion Report, Fourth Quarter. “The data for the fourth quarter report confirm the rise in natural gas and oil well completions Read More

How OPEC is helping U.S. oil reach a tipping point

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By Julian Lee on 1/20/2019 Photo: OPEC building. NEW YORK (Bloomberg Opinion) — The U.S. Energy Information Administration has published its first detailed monthly oil forecast for 2020 and it shows something that should strike fear into the hearts of OPEC ministers — from the fourth quarter, America will export more oil than it imports. Read More

CVR Refining Announces CVR Energy’s Exercise of Right to Purchase Common Units

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SUGAR LAND, Texas, Jan. 17, 2019 (GLOBE NEWSWIRE) — CVR Refining, LP (NYSE: CVRR) (the “Partnership”) announced today that CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) has elected to exercise the right (the “Call Right”) assigned to it by CVR Refining GP, LLC (the “General Partner”), the general partner of the Partnership and an indirect Read More

CVR Energy Reports Exercise of Right to Purchase Common Units of CVR Refining

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SUGAR LAND, Texas, Jan. 17, 2019 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) (“CVR Energy”) announced today that it has elected to exercise the right (the “Call Right”) assigned to it by CVR Refining GP, LLC (the “General Partner”), the general partner of CVR Refining, LP (NYSE: CVRR) (the “Partnership”) and an indirect wholly Read More

Husky ends hostile MEG bid after lack of investor support

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By Simon Casey and Chitra Somayaji on 1/17/2019 NEW YORK and LONDON (Bloomberg) — Husky Energy abandoned its $2.07 billion hostile takeover bid for rival Canadian oil-sands producers MEG Energy after failing to win enough support from shareholders.  The offer didn’t secure the backing of the required minimum number of investors by the bid’s expiry Read More

Husky said likely to win support to extend MEG bid deadline

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By Scott Deveau and Kevin Orland on 1/16/2019 Sea Rose FPSO. Photo: Husky. NEW YORK and CALGARY (Bloomberg) — Husky Energy Inc. is expected to win support to extend a deadline to persuade shareholders to back its hostile bid for rival oil-sands producer MEG Energy Corp., despite falling short of winning outright support for the Read More

Renewable Energy and Power Launches New CBD Division with Innovative, Proprietary Extraction Process and Direct-to-Consumer Sales with 7 SKUs

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Las Vegas, NV, Jan. 16, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Renewable Energy and Power, Inc., (REAP) (OTC: RBNW) has established a new division, CBD Health 2U, employing an innovative and proprietary process for the extraction of CBD cannabinoids, flavonoids, and terpenes, along with sales of CBD products. Seven initial SKUs (below) are available Read More

Chevron touts nimble shale as electric cars dim big oil's future

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By Kevin Crowley on 1/13/2019 Photo: Pumping unit at San Andreas, Permian Basin. HOUSTON (Bloomberg) — Chevron Corp. will spend about half its capital budget on projects that yield quick returns over the next three years, underscoring the importance of shale as it prepares for growing uncertainty in how the world consumes energy. The U.S. Read More