Category: Regulation
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Global oil market faces surplus throughout 2019 as demand growth slows
For the first half of 2019, based on its outlook for non-OPEC production and global demand, and assuming flat OPEC production, the IEA said the implied stock build is 2 million … ›
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Oil rises for a fourth day, buoyed by OPEC supply plans
OPEC is expected to cut supply to prevent glut. Russia says it will discuss a deal with OPEC on December 6. Japan is set to restart Iran oil … ›
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BASF offers ‘remedy package’ for Solvay nylon business acquisition
German chemical giant BASF S.E. has offered a remedy package to the European Commission to win approval for its $1.85 billion acquisition of … ›
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U.S. sanctions on Iran trouble refiners over condensate imports
South Korean refiners and petrochemical companies are struggling to diversify imports of ultralight crude following the U.S. reimposition of … ›
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Dutch government says it disrupted Russian attempt to hack chemical weapons watchdog
Dutch authorities disrupted an attempt in April by Russian intelligence agents to hack the Organization for the Prohibition of Chemical … ›
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China’s tariff on US natural gas delays Louisiana LNG project
Australia's LNG Limited said it will not make a final investment decision this year on its natural gas export terminal in Louisiana due to … ›
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Trump will reportedly allow India and South Korea to keep buying sanctioned Iranian oil
The Trump administration has agreed to allow India and South Korea to continue buying some Iranian crude, according to reports. Washington … ›
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Trade body calls for options to secure post-Brexit chemicals suppl
European SMEs trade body Ueapme has said that options need to be developed for small and medium enterprises to ensure the supply of … ›
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Why a ‘new energy order’ is threatening shareholder returns for oil companies
Under pressure from consumers and governments to transition to greener energy sources, oil majors will have to increase spending on new … ›
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Equinor granted drilling permit for wildcat, west of Atlantis discovery
The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy AS a drilling permit for well 7324/3-1, cf. Section 15 of the Resource … ›