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India raises import tax on palm oil to highest in a decade

Indiahasraisedimporttaxoncrudeandrefinedpalmoiltothehighestlevelinmorethanadecade,thegovernmentsaidinastatementonThursday,astheworld’sbiggestedibleoilimportertr

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Venezuela's Maduro says to recover 70 percent of oil output decline

VenezuelanPresidentNicolasMaduropromisedonSaturdaytorecover70percentofthecountry’slostoilproductioninthefirsthalfof2018.“Icantellyou,theunprecedentedinjusticesl

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OPEC wary of impact of surging US shale output on oil prices

OPEChassaiditisworriedthatsurgingshaleproductionintheUnitedStatescouldsetbackoilpriceswhichhavebeenrisingrecently.Crudepricesfellaslowas35USdollarsperbarrelatth

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Yuan oil futures set to challenge Brent, WTI

China’sbigplaytochallengedollar-denominatedcrudeoilfutureshasbeenformallyapproved,markinganothermilestoneinBeijing’seffortstotakeamoreprominentroleontheworldsta

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Axing fossil fuel subsidies scant help on climate: study

Gettingridofmassivesubsidiesforoil,gasandcoalwillnotsignificantlycurbcarbonpollutionorspeedthetransitiontoagreenerglobaleconomy,researcherssaidWednesday,challen

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Saudi oil giant Aramco’s IPO eyes binding interests with major powers

ByAPDwriterMeiXinyuTranslatedbyMaQianSaudioilgiantAramcohasbeenreadyforitsfirstinitialpublicoffering(IPO)inthesecondhalfof2018,butitstillhastowaitforagreenlight

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Venezuela unveils cryptocurrency white paper

TheVenezuelangovernmentWednesdaypublishedawhitepaperwithrulesgoverningitsnewcryptocurrency,thepetro.SpeakingtoreportersattheheadquartersoftheCentralBankofVenezu

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China detects more oil slicks near tanker sinking site

China'smaritimeauthorityhasdetectedseveraloilslicksintheEastChinaSea,closetothelocationwhereanIraniantankersankoneweekago.TheStateOceanicAdministration(SOA)said

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Iraq signs deal with energy giant BP to boost oil output in Kirkuk

Iraqsignedamemorandumofunderstanding(MoU)withBritishenergygiantBPThursdaytodevelopthecrudeoilproductioninIraq'snorthernKirkukoilfields.Iraq'sOilMinisterJabbaral

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Opinion: Another alarming environmental disaster in the world's oceans

WhenOiltankertheSanchiandCFCrystalvesselscollidedontheEastChinaSea,ittriggeredanotherenvironmentaldisasteratsea.ThecollisionoftheIranianoiltankerandtheChineseca

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East China Sea collision: Bird's eye view of oil spill clean up

ChineserescuerssaidthesunkenSanchitankerwaslocatedbyTuesdaymorning,andtheyarestillsendingrobotstoapproachthevesselforfurtherassessment.Sincethecollision,Chinese

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U.S. offshore drilling meets with mix of responses

U.S.PresidentDonaldTrump'smoveforthelargestexpansionofoffshoreoilandgasdrillinginU.S.continentalwatersindecadesismetwithresistancebycoastalstatesofficialsandami

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China races to prevent environmental disaster after tanker sinks

ChineseshipsscrambledMondaytocleanupamassiveoilspillafteranIraniantankersankoffChina,raisingfearsofdevastatingdamagetomarinelife.TheSanchi,carrying136,000tonnes

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Fire of submerged oil tanker off Shanghai coast extinguished

TheflamesonthePanama-registeredoiltankeroffthecoastofShanghaiwereextinguishedonMondayandcleaningworkhasstarted.TheoiltankerSanchicollidedwithCFCrystal,aHongKong

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Two more bodies found on oil tanker and 'black box' retrieved

TwomorebodiesofcrewmembersfromtheoiltankerSanchiwerefoundonSaturday,accordingtotheShanghaiMaritimeSearchandRescueCenter.Thebodieswerefoundonadeckforlifeboatsata

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Iranian oil tanker: Firefighters still battling blaze after 6 day

SixdaysafterafirebrokeoutonanIranianoiltankeroffthecoastofChina,firefightersarestillstrugglingtoextinguishtheblaze,ascriticismmountedinTehranoverwhetherenoughwa

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London stock market edges to new high

London'sbenchmarkFTSE100indexreachedafreshhighWednesday,butEurope'smainindiceswerelacklustreoverallfollowingrecentrallies.Elsewhere,arallyacrossAsiathatwelcomed