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Alberta’s oil-output cuts extended as glut persists

Bloomberg Canada’s oil-rich province of Alberta is extending its output cuts by a year as delays to key pipelines threaten to prolong a glut of crude in the region. The curtailment program, which will now end in December 2020, had been slated to wrap up at the end of this year as Enbridge Inc.’s expansion of the Line 3 pipeline ...

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Pipeline incident, weaker oil hits Rosneft profit

Rosneft profit suffers copy

Bloomberg Rosneft PJSC’s second-quarter net income fell as the Russian giant suffered the effects of weaker oil prices and production cuts, but the decline was less severe than analysts expected. While the results show the impact on Rosneft of the Druzhba crisis, in which millions of barrels of exports to central Europe via the Soviet-era pipeline were contaminated with chemicals, ...

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JSR set to resume exports to S Korea

File photo: a truck drives between shipping containers at a container terminal at incheon port in incheon

Bloomberg JSR Corp., one of the Japanese materials makers hit by government restrictions on exports to South Korea, has received a permit to resume shipments, according to a person familiar with the matter. The Tokyo-based maker of photo-resist, a light-sensitive liquid used by semiconductor manufacturers to imprint circuits on silicon wafers, was granted the license on Monday, the person said, ...

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