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  1. Oil Propelled Past $70 for First Time in Three Years

    tanker loadingBy Robert Tuttle (Bloomberg) — Oil reached new highs in London as OPEC members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi Oil Minister Jabbar al-Luaibi said Saturday that production curbs […]

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  2. Unified Command Responding to Breakaway Barges on Ohio River

    A unified command consisting of the U.S. Coast Guard, United States Army Corps of Engineers and industry partners was continuing Monday to response to barge breakaways on the Ohio River near Pittsburgh, Pennsylvania, and Moundsville, West Virginia over the weekend.  Approximately 38 of the reported 45 breakaway barges from fleeting areas at mile maker 94 […]

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  3. Shell Gives North Sea Shot in Arm With Field Redevelopment

    shell oilBy Kelly Gilblom (Bloomberg) — Royal Dutch Shell Plc made one of its biggest commitments to the North Sea in 30 years, with plans to redevelop the Penguins oil and gas field. The Anglo-Dutch oil major will build a floating production, storage and offloading vessel — its first new manned installation in almost three decades […]

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  4. Turkey Reveals Route for New Canal to Ease Bosphorus Shipping

    ship in bosphorus straitBy Ali Kucukgocmen ISTANBUL, Jan 15 (Reuters) – Turkey announced on Monday the route for a planned canal that would reduce shipping traffic on the busy Bosphorus Strait and transform the European half of Istanbul into an island. Work on the 45-km (28-mile) Kanal Istanbul, linking the Black Sea and the Sea of Marmara west […]

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  5. Stricken Tanker Leaves Large Oil Slick in East China Sea

    sanchi tanker sinksBy Yuka Obayashi and Josephine Mason TOKYO/BEIJING, Jan 15 (Reuters) – A stricken Iranian tanker that sank in the East China Sea on Sunday in the worst oil ship disaster in decades has produced a large oil slick, Chinese media and Japanese authorities said on Monday, as worries grew over damage to the marine ecosystem. […]

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