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US refiners open export spigot to meet Latin American need

  Bloomberg US refiners exported record amounts of oil products last week, taking market share from struggling competitors in Mexico and the Caribbean. Almost 4 million barrels a day of gasoline, distillates like diesel and heating oil, and propane left the country as refiners in Texas and Louisiana processed the most crude in at least 24 years. Demand has grown ...

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Oman 2017 state budget projects smaller deficit, continued austerity

    MUSCAT/ Reuters Oman’s government released a 2017 budget plan on Sunday that projected a smaller deficit but included fresh austerity steps and tight curbs on spending because of low oil prices, which are hurting state revenues. Government spending this year is projected to total 11.7 billion rials ($30.4 billion) and revenues 8.7 billion rials, which would result in ...

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Turkmenistan halts gas exports to Iran over payment controversy

  Reuters Turkmenistan stopped gas exports to Iran on Sunday in a long-running dispute over arrears, Iran’s state gas company said, days after Tehran said the issue had been temporarily resolved. “Türkmengaz suddenly and … in an illogical manner, contradictory to the agreement, halted gas deliveries to Iran this morning, demanding quick payment of the disputed amount,” the National Iranian ...

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