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UPDATE 4-Oil prices rise after report shows drop in U.S. stocks

LONDON, Feb 23- Oil prices rose on Thursday after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. OPEC and producers including Russia aim to reduce production by around 1.8 million barrels per day in an attempt to drain an oversupply that has kept prices depressed for more than...

Source: Reuters

Repsol closes 2016 with best net profit in 4 years

MADRID— Spanish energy company Repsol has reported its best annual earnings in four years as it booked fewer impairment charges related to low oil and gas prices. Repsol also benefited from the acquisition of Canadian oil company Talisman, which increased production and exploration assets. Shares in Repsol S.A. gained 1.5 percent to 13.9 euros in early Madrid...

Source: The Associated Press

Emails show new EPA chief's cozy ties with fuel industry

WASHINGTON— When a summer thunderstorm knocked out power to Scott Pruitt's home three years ago, the then-attorney general of Oklahoma reached out to a lobbyist for American Electric Power. The 2013 email exchange is one of dozens reviewed by The Associated Press that underscore the cozy ties between the new head of the Environmental Protection Agency and...

Source: The Associated Press

UPDATE 1-Leviathan gas field backers OK $3.75 bln investment decision

TEL AVIV, Feb 23- Developers of the Leviathan natural gas field said on Thursday they had approved a $3.75 billion final investment decision on the first phase of the largest energy project in Israel's history. Texas- based Noble Energy owns 39.7 percent of Leviathan, while Delek Drilling and Avner Oil Exploration, subsidiaries of Israel's Delek Group, each hold...

Source: Reuters

Singapore carbon tax to hit Shell, ExxonMobil margins: Analyst

Royal Dutch Shell and ExxonMobil could see a 10 to15 percent hit to margins at their Singapore refineries when a new carbon tax takes effect in 2019.

Source: CNBC.com

Lawmakers renew push for drilling in Alaska wildlife refuge

The Alaska Republican held up a blank sheet of paper to illustrate his point. Lisa Murkowski is sponsoring legislation to open the refuge that takes up Alaska's northeast corner and is larger than West Virginia and Connecticut combined. The coastal plain is not the apex of Alaska scenery, but it's a nursery for polar bears, muskoxen and the vast Porcupine...

Source: The Associated Press

Royal Dutch Shell plc Fourth Quarter 2016 Scrip Dividend Programme Reference Share Price

THE HAGUE, Netherlands, February 23, 2017/ PRNewswire/--. The Board of Royal Dutch Shell plc today announced the Reference Share Price in respect of the fourth quarter interim dividend of 2016, which was announced on February 2, 2017 at $0.47 per A ordinary share and B ordinary share and $0.94 per American Depository Share. The Reference Share price is used for...

Source: PR Newswire

UPDATE 3-Crude oil rises after report shows drop in stockpiles

That added to optimism earlier in the week when the Organization of the Petroleum Exporting Countries said a deal with other producers including Russia to curb output was showing a high level of compliance. However, for prices to break out of their trading ranges, the market needs to see signs that OPEC inventories are falling, said Tony Nunan, oil risk manager at...

Source: Reuters

North Dakota officials plead with last protesters to leave

CANNON BALL, N.D.— Public officials in North Dakota pleaded with the remaining protesters at the Dakota Access oil pipeline camp to pack up and leave so authorities can resume cleaning up the premises without any further arrests. John Henderson said the cleanup could take about a month and cost as much as $1.2 million, which ultimately would be paid by taxpayers.

Source: The Associated Press

UPDATE 2-Crude oil rises after report shows drop in stockpiles

That added to optimism earlier in the week when the Organization of the Petroleum Exporting Countries said a deal with other producers including Russia to curb output was showing a high level of compliance. However, for prices to break out of their trading ranges, the market needs to see signs that OPEC inventories are falling, said Tony Nunan, oil risk manager at...

Source: Reuters