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The latest Oil and Gas news from Oil and Gas Journal
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The White House proposed selling nearly half the crude oil in the US Strategic Petroleum Reserve over 10 years beginning in fiscal 2018 as part of the proposed federal budget it released on May 23.

Posted: May 23, 2017, 9:16 pm

Domination of the Chinese oil and gas business by state-owned companies will be weakened under reforms announced by the State Council (cabinet).

Posted: May 23, 2017, 4:59 pm

New York Atty. Gen. Eric T. Schneiderman (D) and five other states’ attorneys general asked the federal government to require crude oil being shipped by rail to have a less than 9 psi volatility limit.

Posted: May 23, 2017, 4:28 pm

EOG Resources Inc., Houston, and global alternative asset manager Carlyle Group LP have formed a combine for development of EOG’s oil and gas assets in Ellis County, Okla.

Posted: May 23, 2017, 4:24 pm

Light, sweet crude oil climbed modestly on the New York Mercantile Exchange May 22 with the June contract settling well above $50/bbl and the July contract settling above $51/bbl. It was the second consecutive day the front-contract contract settled above $50/bbl.

Posted: May 23, 2017, 2:59 pm
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