US crude stocks dropped more than expected last week, while gasoline and distillate inventories also fell sharply, data from the EIA shows.
Source: Offshore
EIA: US Crude, Gasoline Stocks Drop Sharply
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India approves the sale of a $4.6B stake in refiner Hindustan Petroleum Corp. to the country’s biggest oil and gas explorer, according to a person with knowledge.
Source: Offshore
India Approves Creation of State Oil Giant in .6 Billion Deal
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House Majority Leader Kevin McCarthy said there’s a consensus among lawmakers to change legislation on Russian sanctions so that US companies won’t be blocked from lucrative foreign oil deals.
Source: Offshore
House GOP Leader Says Energy Tweak Near in Sanctions Bill
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The Texas-based refiner that will soon be called Andeavor will supply fuels in Mexico’s Sonora and Baja California states.
Source: Offshore
Tesoro Signs Deal with Pemex to Enter Mexico
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Oil prices jumped almost 2% to a six-week high on Wednesday.
Source: Offshore
Oil Jumps To 6-Week High On Surprisingly Big US Inventory Draws
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Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar.
Source: Offshore
Qatar Seeks To Open New LNG Markets With Floating Terminals
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Kim Fausing took over as the new president and CEO of Danfoss, with effect from 1 July 2017, and said that he will continue the Danfoss strategy, focusing on growth and digitalisation of the company
Source: African Review
Kim Fausing takes over as Danfoss CEO
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The problem is concentrated in the Permian Basin of Texas and New Mexico.
Source: Offshore
Kemp: US Uncompleted Well Backlog Hangs Over Oil Market
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Poseidon is the latest grade similar in quality to Middle East supply to lure a buyer in the world’s biggest oil consuming region.
Source: Offshore
Top Oil Market Summons Poseidon to US-Mideast Crude Fight
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The auction will likely take place in January, although no fixed date has yet been set.
Source: Offshore
Next Mexico Deepwater Oil Tender May Draw from Three Gulf Basins
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