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US set to rescind payments rule in crude sector

  Bloomberg For years the oil industry has appealed to the executive branch and courts to de-fang a US rule forcing Exxon Mobil Corp., Chevron Corp. and other producers to disclose their payments to foreign governments. Now, the Republican takeover in Washington is handling it for them. The House of Representatives is set to vote this week on killing a ...

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Oil set for monthly loss as OPEC cuts seen spurring US supply

  Bloomberg Oil is set for its first monthly decline since October as signs that US supply is expanding offset OPEC’s production curbs. Futures lost 0.5 percent in New York and are down 2.3 percent in January. US oil production could increase to as much as 9.5 million barrels a day this year, near its 2015 peak, as rising prices ...

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Norway’s $1.8bn pipeline spat moves to appeals court

  Bloomberg Offshore gas-pipeline owners faced off again with Norway in an Oslo court on Tuesday in an appeal trial over tariff cuts that investors claim will cost them about $1.8 billion in income. The plaintiffs, companies owned by investors including Allianz SE and Canadian pension funds, are seeking to overturn a 2015 ruling that the government had acted lawfully ...

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