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Venezuela's state-owned oil company is objecting to the bidding process for the court-ordered sale of a unit that owns US-based refiner Citgo Petroleum.

'The CMI14 well, the first of 17 contemplated in this year's business plan, represents an important milestone for the increase in production of this joint venture'.

Peabody saw lower coal prices offset higher production.

Gasoline markets in Asia are rapidly weakening.

By 2027, electric vehicles will force a reversal to the era of rising demand for oil used in transportation, according to a new forecast by analysts at BloombergNEF.

The energy transition continues to gain steam, with oil demand projected to peak in this decade – perhaps as soon as 2025.

'This acquisition grows and strengthens our existing franchise and provides greater exposure to resilient end-use markets'.

The project is expected to be financed 60 percent from debt and 40 percent from equity, with partners Haisla Nation and Pembina each contributing 20 percent of equity.

The approved normal course issuer bid provides for the buyback of nearly 29 million shares.

Pembina is acquiring all of Enbridge's interests in the Alliance, Aux Sable, and NRGreen joint ventures for approximately $2.3 billion (CAD 3.1 billion).