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Take Five: Fed in a hole

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(Reuters) – FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis 1/FED IN A HOLE On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July’s Read More

Argentina enforces fuel price caps despite warnings of oil production slowdown

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Buenos Aires — Crude sales price falls to $40-42/b Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Caps seen a threat to Vaca Muerta development Refined products imports rise Argentina imposed a 90-day freeze on diesel (gasoil) and gasoline prices Friday, driving down domestic crude prices by around 30% Read More

Denmark sees resolution soon to EU rift on 2050 climate goal

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COPENHAGEN (Reuters) – The new energy and climate minister of Denmark, a frontrunner in fighting climate change, said on Friday he was confident fellow EU countries would soon agree to go carbon-neutral by 2050 despite resistance in the east of the bloc. Denmark’s Climate and Energy Minister Dan Jorgensen speaks during an interview in Copenhagen, Read More

Refinery news roundup: Africa launches come into focus

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London — News has emerged about new launches in Africa. Separately, Engen’s refinery in Durban is facing “some challenges” in production and hence will not be able offer bunker fuel in the spot market until the end of September, sources said. The refinery was “highly unlikely” to resume offering until the end of September, which Read More

Over a barrel: Trump’s oil sanctions make Russian crude exporters $1 billion richer

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US economic pressure on Iran and Venezuela has deprived world oil markets of two large exporters. However, this gap has been filled by Russian supplies, earning its oil firms at least $905 million in cash, according to Bloomberg. The demand for Russian crude has also been boosted by the output cuts imposed by the Organization Read More

Well-safe Solutions awards contracts for dedicated PandA rig

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8/16/2019 ABERDEEN – Well-Safe Solutions has awarded two multi-million-pound contracts to continue the transformation of the Well-Safe Guardian, the decommissioning company’s first asset, into a bespoke plug and abandonment unit. Well-Safe Solutions Global Energy Group and Rigfit7seas have been appointed to deliver the ambitious refurbishment of the semi-submersible drilling rig. Global Energy Group will provide Read More

US slaps crew of Iranian supertanker with visa ban after it set sail from Gibraltar

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Hours after Washington failed to persuade the Gibraltar authorities to not release the Iranian oil tanker, the State Department warned that anyone linked to the vessel will not be able to travel to the US. Unable to stop the Iranian supertanker Grace 1 from leaving Gibraltar, the US will target its crew, comprised of Indian, Read More

Weight of history: Chongqing Steel and China’s state sector dilemma

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CHONGQING, China (Reuters) – A year and a half ago, Chongqing Iron and Steel Corp (CISC) (601005.SS)(1053.HK), China’s oldest steelmaker, was rescued from the brink of bankruptcy in a deal hailed as a shining example of how struggling state companies can be revamped. A worker walks past steel rolls at the Chongqing Iron and Steel Read More

US set to sanction Rosneft oil, fuel trade with PDVSA: senior Trump administration official

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Highlights Official ends speculation that Rosneft, PDVSA could continue debt trades US looking at trading patterns as basis for future sanctions PDVSA planned to ship 125,800 b/d to Rosneft in August Washington — The US is set to impose sanctions on Rosneft if it continues to trade crude oil and fuel with Venezuela’s PDVSA in Read More

Advanced Emissions Solutions Announces Additional Refined Coal Facility Closure with Third-Party Investor

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HIGHLANDS RANCH, Colo., Aug. 15, 2019 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the “Company” or “ADES”) today announced that Tinuum Group, LLC (“Tinuum Group”), a joint venture among the Company’s subsidiary ADA-ES, Inc., an affiliate of NexGen Resources Corporation, and an affiliate of The Goldman Sachs Group, Inc., has completed a transaction Read More