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Forget tech, big oil is doling out America’s fattest paychecks

Bloomberg Move over Wall Street titans and Silicon Valley giants. When it comes to paychecks, Big Oil now looks like the best bet for the US workers. Spurred partly by the shale boom, the median pay for energy workers last year was $123,000, according to data newly mandated by the US That topped all sectors, including utilities, tech and health ...

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Saudi tells OPEC June output jumped to 10.5mn barrels a day

Bloomberg Saudi Arabia told OPEC that it pumped about 10.489 million barrels of crude a day last month as the kingdom sought to cap rallying prices by ramping up output, according to people familiar with the matter. The biggest member in the Organization of Petroleum Exporting Countries (OPEC) pledged last month it would raise output as consumers grow alarmed by ...

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Billionaire sets up $10bn Nigerian oil refinery

Bloomberg Africa’s richest man, Aliko Dangote, plans to start selling gasoline, diesel and aviation fuel by early 2020 from an oil refinery he’s building near Lagos, Nigeria’s commercial capital. The $10 billion refinery, set to be one of the world’s largest and process 650,000 barrels of crude a day, should be near full capacity by mid-2020, Edwin Devakumar, group executive ...

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