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Crude oil

A turning point for crude oil indexes

In the year since major producers in Saudi Arabia and Kuwait adopted the Argus sour crude index (ASCI) as a pricing benchmark for their imports into the US, Alex Davis examines the impact the new benchmark has had on global oil pricing mechanisms

US puts Canadian pipeline decision on hold

The US Department of State has extended an inquiry into a major crude oil pipeline expansion that could transport 1.1 million barrels per day from Alberta, Canada, to refineries on the US Gulf Coast

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