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Awash in gasoline, US refiners export fuel at record pace

  Bloomberg The US has more gasoline than it knows what to do with. Exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf Coast inventories to grow. Typically a net importer of gasoline, the US has shipped a record amount of the motor fuel abroad and doesn’t show ...

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EU security check for visitors

  Brussels / AFP The EU unveiled plans on Wednesday to charge travellers five euros ($5.30) for security checks to get visa-free travel to Europe’s borderless Schengen area, and confirmed the fee would apply to post-Brexit Britain. The proposal is based on a US system and will allow EU countries to quickly cross check identity documents and other details from ...

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Abu Dhabi stocks rally on bank merger speculation

  Reuters Abu Dhabi bank shares surged on Wednesday because of renewed speculation that the government might merge more banks as part of an efficiency drive, while other regional markets rebounded, encouraged by strong global bourses and oil prices. The Abu Dhabi index jumped 2.6 percent, its largest single-day gain since June, but trading volume continued to decline from a ...

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