Oil fall as a pledge by OPEC-led producers to consider extending their output-cut deal failed to excite traders concerned that more time is needed to trim global stockpiles.
Source: Offshore
Oil Falls as Traders Shrug Off OPEC-Led Pledge to Mull Extension
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Hedge funds have unwound much of the concentration of bullish positions that contributed to a fall in oil prices this month, suggesting a broader range of views about where prices go next.
Source: Offshore
Kemp: Hedge Funds Unwind Record Bullish Position In Oil
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Several Democratic senators pressed billionaire investor Carl Icahn to clarify his role as an adviser to President Donald Trump.
Source: Offshore
Senators Press Icahn On White House Influence, Business Conflicts
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Petrobras’ board votes to extend Chief Executive Pedro Parente’s term for two years, until March 2019.
Source: Offshore
Petrobras Board Extends CEO Parente's Term Until March 2019
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Industrial Vehicles Corporation, more commonly known as Iveco, which is owned entirely by CNH Industrial Group, is targeting a construction of a US$22mn assembly plant in Mombasa, Kenya
Source: African Review
Iveco returns to Kenya with USmn assembly plant in Mombasa
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Statoil Petroleum AS makes an oil and gas discovery in the North Sea through well 34/10-55 S, the Norwegian petroleum Directorate reveals.
Source: Offshore
Statoil Makes North Sea Oil, Gas Discovery
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A long-awaited pipeline that would allow overseas oil to be pumped through Myanmar and into China for the first time has been delayed again.
Source: Offshore
First Oil For Long-Awaited Myanmar Pipeline To China Delayed Again
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Oil rig builder Lamprell Plc lowers its revenue forecast for this year and says it expects to start seeing a recovery in activity only in 2018.
Source: Offshore
UK's Lamprell Sees Tough Year Ahead, Recovery Only In 2018
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TransCanada gets its presidential permit to move forward with building its Keystone XL crude oil pipeline, but the battle to flow crude through several states isn’t over, analysts say.
Source: Offshore
Trump's Keystone XL Approval Moves Pipeline Fight to Individual States
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Russia’s private oil producers are ditching their scepticism and lining up behind an extension of a global deal to cut output after previous oil price increases compensated for lost income.
Source: Offshore
Russian Private Oil Companies Swing Behind Output Cuts
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