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• Closing Oil & Gas Prices for Thursday
  Benchmark U.S. crude oil for...

  Benchmark U.S. crude oil for February delivery fell 51 cents to $72.19 per barrel Thursday. Brent crude for March delivery fell 66 cents to $77.59 per barrel.

  
  

  Wholesale gasoline for February delivery fell 5 cents to $2.11 a gallon. February heating oil fell 2 cents to $2.59 a gallon. February natural gas rose 15 cents to $2.82 per 1,000 cubic feet.

  
  
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• Talos starts up Lime Rock, Venice US Gulf discoveries
  Talos Energy has commenced oil and natural gas production from its Lime Rock and Venice discoveries,...
  Talos Energy has commenced oil and natural gas production from its Lime Rock and Venice discoveries, which are connected to its Ram Well platform in the US Gulf of Mexico. Initial combined gross production from the two wells exceeded 18,500 barrels of oil equivalent per day, while their combined gross ultimate recoverable resources are estimated at 20 to 30 million barrels of oil equivalent.
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• US crude, product stockpiles diverge in latest API data
  The latest data from the American Petroleum Institute reveals a 7.41-million-barrel decline in US crude...
  The latest data from the American Petroleum Institute reveals a 7.41-million-barrel decline in US crude inventories for last week, surpassing analysts' projections of a 2.96-million-barrel drop. In contrast, gasoline and distillate stockpiles added 6.9 million barrels and 6.68 million barrels, respectively.
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• SPR refill plan faces risks as DOE launches new request
  The Energy Department has issued a new solicitation to purchase up to 3 million barrels of US crude oil...
  The Energy Department has issued a new solicitation to purchase up to 3 million barrels of US crude oil for April delivery, with bid submission by Jan. 10. The department has added 13.8 million barrels of crude back to the Strategic Petroleum Reserve in the past year and intends to buy an additional 22 million barrels, but setbacks loom if rising tensions in the Middle East drive oil prices above the Biden administration's $79 per barrel limit.
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• Natural Gas Futures Move Higher
  U.S. natural gas futures climbed about 4% to a one-month high on Thursday on a drop in daily output and...
  U.S. natural gas futures climbed about 4% to a one-month high on Thursday on a drop in daily output and forecasts for colder weather and higher heating demand over the next two weeks than previously expected.
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