U.S. could adjust timing of oil stockpile release if prices fall

The Biden administration could adjust the timing of its planned release of strategic crude oil stockpiles if global energy prices drop substantially, U.S. Deputy Energy Secretary David Turk told Reuters on Wednesday. Turk, speaking in a video interview for the Reuters Next conference, added that other consumer nations that had agreed to release strategic reserves […]

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More Chinese developers seek domestic bond issuance

Three Chinese developers, including the main operation platforms of Country Garden Holdings Co and Longfor Group Holdings Ltd, plan to sell bonds in China to raise a combined 18 billion yuan ($2.83 billion), the official registration system showed late on Wednesday, evidence Beijing is marginally easing liquidity strains on the cash-strapped sector. China tightened financing […]

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Mitsubishi looks to sell California products terminal and trading arm

Mitsubishi Corp (8058.T) is looking to sell a fuel terminal that provides transportation fuels which meet California’s stringent emissions requirements, two sources familiar with the matter told Reuters on Wednesday. The company is working with Ernst and Young’s energy advisory group to market its 600,000-barrel Petro-Diamond terminal in Long Beach, California, and its corresponding fuel […]

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