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S&P Global

Crude oil futures rise as EIA data shows unexpected crude draw

Singapore — 0221 GMT: Crude oil futures rose during the mid-morning trade in Asia Nov. 26, extending overnight gains, as the Energy Information Administration data showed a surprise draw in US commercial crude inventories. Not registered? Receive daily email alerts, subscriber notes & personalize your

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Commodities
Oil & Gas Journal

EIA: US crude inventories down 800,000 bbl

US crude oil inventories for the week ended Nov. 20, excluding the Strategic Petroleum Reserve, increased by 800,000 bbl from the previous week, according to data from the US Energy Information Administration. At 488.7 million bbl, US crude oil inventories are 6% above the 5-year

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Commodities
Oil & Gas Journal

Suncor to assume operatorship of Syncrude by end-2021

Suncor, Calgary, pending formal approval from Syncrude joint venture partners, will become operator of the oil sands project by end-2021. Adding Syncrude operatorship to the company’s current operations—Fort Hills LP, Suncor’s Oil Sands Base Plant, and Suncor’s in situ assets—are expected to drive $300 million

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Commodities
Oil & Gas Journal

Talos apparent high bidder in two Lease Sale 256 blocks

Talos Energy Inc. is the apparent high bidder on two deepwater blocks from the recent Outer Continental Shelf (OCS) Federal Lease Sale 256, held on Nov. 18, 2020 (OGJ Online, Nov. 18, 2020). Talos placed a sole bid on Viosca Knoll 1000 and a joint

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