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Bloomberg Halliburton Co. isn’t content to limit its battle for market share with Schlumberger Ltd. to the oil field these days. It’s opened a new front in an unlikely place: the patent office. The Houston-based provider of drilling services is waging an aggressive campaign to persuade the US Patent and Trademark Office to cancel some of Schlumberger’s fracking-related patents, telling …

Bloomberg Oil slid to a two-week low and headed for its longest losing streak in two months as a plunge in US equities dragged other markets lower. Crude futures in New York fell a third day, sliding as much as 1.3 percent. Stock indexes from Japan to Germany tumbled on Tuesday after a frantic sell-off in US shares sent the …

Bloomberg Saudi Arabia kept pricing for its main crude grade to Asia unchanged for a second month as the world’s largest crude exporter responds to slower seasonal demand. State-owned Saudi Arabian Oil Co., known as Saudi Aramco, set the official pricing for Arab Light crude to Asia at a premium of $1.65 a barrel more than the regional benchmark, it …

BEIJING / Reuters China’s natural gas production is rising at the fastest pace in four years but that will not be enough to meet the demand for the fuel that has been unleashed through a government program to raise gas usage in order to clean the country’s polluted air. Gas output in China rose to a record 147.4 billion cubic …

Bloomberg Oil and Natural Gas Corp. is facing a delay of at least a year in starting production from its biggest project, according to people with knowledge of the matter. The nation’s top explorer, which planned to produce gas from a deep water block in the Krishna-Godavari Basin off the country’s east coast from June 2019, won’t produce first gas …

Bloomberg Oil’s rally is unraveling on fears over a rise in US production after crude’s best January in more than a decade. Futures in New York are extending declines for a second session as Baker Hughes data showed American explorers last week raised the number of rigs drilling for crude to the highest in almost six months. Short-sellers betting against …

Bloomberg Crude production by OPEC and its main ally Russia held steady last month as increases in Saudi Arabia and Iran offset the ongoing deterioration of Venezuela’s oil industry. Output from the 14 members of the Organization of Petroleum Exporting Countries rose just 20,000 barrels a day to 32.4 million a day in January, according to a Bloomberg News survey …

Bloomberg Iran can swiftly increase production of crude if OPEC decides to scrap limits on global output when the group meets next in June, Oil Minister Bijan Namdar Zanganeh said. The Persian Gulf nation can raise daily production by at least 100,000 barrels within “five or six days” if the Organization of Petroleum Exporting Countries decides that crude prices are …

Bloomberg The biggest independent refiners in the US are lining their pockets with billions of dollars in tax reform windfalls just in time to invest in equipment that meets ever-tightening domestic and global environmental rules, making the “liquid freedom” they export cleaner than ever. “The reduction in the corporate tax rate is a catalyst for incremental investment in the business,” …

LONDON / Reuters Saudi Arabia wants to complete talks with strategic investors such as China, Japan and South Korea before deciding where to list shares in state oil company Saudi Aramco, three sources familiar with the discussions said. Saudi officials have said the government plans to sell up to 5 percent of Aramco shares on one or more foreign exchanges …