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SemGroup stockholders approve $5 billion M&A deal with Energy Transfer
Stockholders of the Oklahoma pipeline company SemGroup voted to approve a $5 billion merger with Dallas-based pipeline giant Energy Transfer. Source: FuelFix
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Crude inventories plunge as U.S. emerges as net petroleum exporter
The nation’s stockpiles of commercial crude oil plunged by nearly 5 million barrels last week as the United States continues to emerge as a net petroleum exporter at the end of 2019. Source: FuelFix
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Non-OPEC oil output to rise by record level in 2020: Report
Global oil output from non-OPEC nations is expected to grow by record levels in 2020 and help trigger a crude glut and lower oil prices, according to a new report from the Norwegian research firm...
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Oil rallies on renewed trade deal prospects before OPEC+ meeting
Oil gained as the U.S. and China were moving closer to a trade deal and before OPEC+ decides on its output-cut policy later this week. Source: FuelFix
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Coal plants close as they get too costly to operate
Coal-fired power plants in the United States are closing because they’re more expensive to operate and maintain than cheaper forms of power such as natural gas-fueled generation, according to a new government study. Source: FuelFix
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