Oil and Gas
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--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, May 23- The delay or cancellation of A $150 billion of resource projects in Australia in the past year is being viewed as proof that the commodities boom is well and truly over.
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*Delta eyes chances to ship jet fuel to Midwest markets. And it expect costs will fall further as Delta ramps up supplies of cheap crude to the refinery from the Bakken play in North Dakota.
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*After huge flows, Mexico preparing for Fed withdrawal. MEXICO CITY, May 22- Mixed signals from the U.S. economy are clouding the growth outlook for Mexico and it needs to be ready for the shocks that could accompany a possible withdrawal of U.S. monetary stimulus, Finance Minister Luis Videgaray said on Wednesday.
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PERTH, May 23- U.S. crude futures prices dropped to around $94 a barrel on Thursday after data showing U.S. gasoline supplies rose and on concerns that the U.S. July oil futures contract fell 26 cents to $94.02 a barrel by 0035 GMT. *Brent also dropped 26 cents to $102.34 a barrel.
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WASHINGTON, May 22- The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada- to- Nebraska leg of the Keystone XL oil pipeline, a move that would take a decision on the project away from the Obama administration.
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Gov. Tom Corbett (R-PA) and Austan Goolsbee, Chicago Booth School of Business, discuss the energy boom and the economic recovery in the U.S.
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You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
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Mad Money's Jim Cramer speaks with Clean Harbors CEO Alan McKim about its acquisition of Safety-Kleen, the oil and gas industry and the incineration business.
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GENEVA/ LONDON, May 22- The UK and French governments will join a global initiative that will require oil and mining firms to comply with new disclosure measures aimed at tackling corruption, British Prime Minister David Cameron said on Wednesday.
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NEW YORK, May 22- Oil prices fell on Wednesday as a rise in U.S. gasoline inventories prompted selling, then crude extended losses in late trading after minutes from a Federal Reserve policy meeting sent U.S. stock markets down. Brent crude futures fell $1.31 to settle at $102.60, after shedding nearly a dollar in the previous session.
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Problems at regional refineries, declining gasoline stockpiles and delays of shipments into the region from the Gulf Coast helped boost prices last week, prompting market players to hoard what fuel they had. In Minneapolis, the average price per gallon has fallen to $4.26 from an all-time high of $4.32.
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CNBC's Amanda Drury and the Fast Money traders discuss the day's top trades and the stocks they'll be watching tomorrow.
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*Gold falls as Bernanke cautions about low US rates. *Copper hits 6- week high after no word on Grasberg restart. Copper hit a six-week high on a continued production outage at Indonesia's Grasberg copper mine after a tunnel collapse that killed 28 workers at the world's second-largest copper mine.
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Chinese investment in the U.S. is extremely controversial, with CNBC's Michelle Caruso-Cabrera; and Gordon Chang, author of "The Coming Collapse of China," says the U.S. needs to be careful because the Chinese want to control Hollywood.
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NEW YORK, May 22- Brent crude extended losses in late trading on Wednesday to settle below $103 a barrel, after minutes from the Federal Reserve sent U.S. stock markets down and compounded earlier oil weakness stemming from a rise in U.S. gasoline inventories.
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May 22- Cybersecurity researcher HD Moore discovered he could use the Internet to access the controls of some 30 pipeline sensors around the country that were not password protected. U.S. national security experts used to take comfort in the belief that "rational" super powers like China or Russia were their main adversaries in cyber space.
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GENEVA/ LONDON, May 22- The UK and French governments are set to join a global initiative that will require oil and mining firms to comply with new disclosure measures aimed at reducing corruption, sources involved in the process said on Wednesday.
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NEW YORK-- Shares of Pioneer Natural Resources climbed to an all-time high Wednesday after announcing that its first horizontal Wolfcamp Shale well is putting up some healthy production numbers.
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NEW YORK, May 22- Brent crude oil dropped to $103 per barrel on Wednesday after data showing an unexpected jump in U.S. gasoline stockpiles sparked worries that summer demand in the world's top oil consumer might be weaker than expected.
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CHEYENNE, Wyo.-- A coalition of groups has petitioned Wyoming's state oil and gas regulatory agency to adopt tougher rules for oil and gas development that include restrictions on practice of flaring and expanding the minimum distance between new oil and gas wells and homes, schools and businesses.