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'Despite some softening in recent months, oilfield labor output is up sharply year on year'.

Macquarie strategists project that U.S. crude inventories will be down 9.3 million barrels for the week ending July 28.

Macquarie strategists are forecasting that U.S. crude inventories will be down for the week ending May 17.

Strathcona's total oil production rose to 119,527 barrels per day (bpd) compared to prior-year production of 96,258 bpd.

Heavy oil volumes in inventory increased for the second consecutive quarter.

The all-share transaction amounts to $8.66 billion.

The union said workers voted 'overwhelmingly' for industrial action.

Strike completed the SE3 appraisal well, confirming the South Erregulla gas field's continuity to the Northeast.

Chevron Australia sees no 'reasonable prospect of agreement' with striking workers.

Strohm has seen more success with its 'Jumper on Demand' model after securing a second contract with ExxonMobil.