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Venezuela's September oil exports hit second highest this year

Venezuela's September oil exports hit second highest this year By Marianna Parraga and Mircely Guanipa Oct 2 (Reuters) - Venezuela's oil exports in September topped 800,000 barrels per day (bpd), the second highest monthly average this year, as state-run oil firm PDVSA and its joint ventures recovered output, particularly in the Orinoco Belt. Venezuela has been increasing overall crude production and exports this year, but with volatile swings from month to month amid recurring power outages, ma

Energy sector down as crude prices fall on strong US dollar, profit-taking

BUZZ-Energy sector down as crude prices fall on strong US dollar, profit-taking ** S&P 500 Energy sector .SPNY down 2.2%, tracking lower crude prices ** Brent crude LCOc1 slips 1.2% to $91.13/bbl, while U.S. West Texas Intermediate crude CLc1 ticks 1.5% lower at $89.44/bbl ** U.S. dollar strengthened and traders took profits, concerned about forecasts of rising crude supplies and pressure on demand from high interest rates ** Both benchmarks rallied nearly 30% in Q3 on forecasts of a wide crude

From UPS to Detroit Three automakers, US labor unions flex muscle

FACTBOX-From UPS to Detroit Three automakers, US labor unions flex muscle Updates with details on UAW, Hollywood writers and actors union; adds Mach trucks, Detroit casinos council By Mrinalika Roy Oct 2 (Reuters) - A tight U.S. labor market, the expiry of union contracts and high living costs have led to tough negotiations for pay hikes and benefits from workers and triggered strikes and protests across industries.

Eni boosts Indonesia exposure with big gas discovery

UPDATE 1-Eni boosts Indonesia exposure with big gas discovery Adds comments from Indonesia oil and gas regulator, details, background By Francesca Landini MILAN, Oct 2 (Reuters) - Italian energy group Eni announced on Monday a big gas discovery in Indonesia, opening the door to a strengthening of its position in the Asian country, where it has been present since 2001 with a portfolio of exploration and production assets.

Prices fall on higher Norwegian exports, warmer temperatures

EUROPE GAS-Prices fall on higher Norwegian exports, warmer temperatures LONDON, Oct 2 (Reuters) - Dutch and British wholesale gas prices fell on Monday morning as increased supply from Norway, unseasonably warm temperatures and high gas storage levels weighed on the market. The Dutch November contract TRNLTTFMc1 was down by 1.90 euros to 40.50 euros per megawatt hour (MWh) by 0846 GMT, while the day-ahead contract TRNLTTFD1 was 1.55 euros lower at 35.85 euros/MWh, according to LSEG data.


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