(Bloomberg) -- The Trump administration ordered oil companies to blend more renewable fuel into gasoline and diesel next year -- but it could be the last increase for years to come, as the government starts to make sweeping changes to the U.S.



Oil Falls Below $50 for First Time in Over a Year
Oil crashed below $50 a barrel for the first time in more than a year as Russia signaled little urgency to commit to supply cuts.



(Bloomberg) -- RWE AG plans to buy more U.S. liquefied natural gas after signing two contracts this year in a strategy to bulk up the utility’s sources of the super-chilled fuel.



Pemex Refineries Operating at Lowest Level in Almost 3 Decades
Petroleos Mexicanos' refineries are operating at the lowest level in almost three decades.

(Bloomberg) -- Petroleos Mexicanos’s refineries are operating at the lowest level in almost three decades.



Crude Oil Recovers After Going Sub-$50
January WTI crude oil futures fell below the $50 mark Thursday, reaching an intraday low of $49.41.

January West Texas Intermediate (WTI) crude oil futures fell below the $50 mark Thursday, reaching an intraday low of $49.41, but recovered to a settlement price of $51.45 a barrel.



Tenaris to Cut Production and Staff at Canadian Facility
Tenaris is decreasing oil rig flanges gulf coast production and cutting staff at its AlgomaTubes facility due in part to increases in imports to Canada because of the Trump administration's steel tariffs.



Oil Exploration Activity Will Pick-up in 2019
There will be a pick-up in oil exploration activity next year, according to a new report.

There will be a pick-up in oil exploration activity next year, compared to 2018, according to a new report from Fitch Solutions Macro Research.



Oil Rises
Oil climbed as the Trump administration signaled optimism a trade deal may be reached with China and an industry report indicated robust U.S' fuel demand.



Pemex Triples Estimate for 'Most Important Onshore Field in 25 Years'
Pemex has more than tripled its estimated reserves in its Ixachi field.

(Bloomberg) -- Pemex has more than tripled its estimated reserves in its Ixachi field.



Canada's Output Grows Despite Pipeline Problems
Canada's lingering crude glut isn't hindering the country's growing oil output, according to the National Energy Board's most recent forecast.

(Bloomberg) -- Canada’s lingering crude glut isn’t hindering the country’s growing oil output, according to the National Energy Board’s most recent forecast.

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