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Trump weighs tariffs, quotas on U.S. steel, aluminum imports

WASHINGTON, Feb 13 (Reuters) Original Article>> U.S. President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminum imports that he said were unfairly hurting U.S. producers, including tariffs and quotas. Trump’s comments – his strongest signal in months that he will take at least some action to restrict imports of the two …

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Baker Hughes: Oil Drillers In Canada Boost Rigs To 10-Month High

by  Reuters Friday, January 12, 2018 Original Article>> Energy firms in Canada almost doubled the number of rigs drilling for oil this week to the highest level in 10 months as producers returned en masse from Christmas breaks and crude prices remain around three-year highs. Drillers added 87 oil rigs during the week ended Jan. 12 bringing the total count …

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Enbridge To Restart Gulf Of Mexico Natural Gas Pipeline In February

Reuters Thursday, January 11, 2018 – 10:06am Original Article>>   Enbridge’s Garden Banks pipe was shut after fire on Shell’s Enchilada platform.   A U.S. offshore natural gas pipeline could begin restarting operations for some producers next month, about three months after the line was shut due to a fire on a Royal Dutch Shell platform in the Gulf of …

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EIA: US Crude Stocks Drop, Fuel Inventories Up

Reuters Wednesday, January 10, 2018 – 11:55am Original Article>> U.S. production also dropped sharply, which an oil analyst says could possibly be due to extreme winter weather in North Dakota hampering shale oil production in the Bakken. U.S. crude oil stocks fell last week while gasoline and distillate inventories rose more than anticipated, the Energy Information Administration (EIA) said Jan. …

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US rig count reaches 924

Original Article>> There are currently 924 rigs drilling in the US, according to the Baker Hughes weekly rig count. Of those, 906 are drilling on land and 17 offshore, with one rig drilling in inland waters. Of the total rigs, 742 are drilling for oil and 182 for natural gas.