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Sentinel Midstream eyes final investment decision for US oil export project

Oil transportation and storage company Sentinel Midstream expects to make a final investment decision on its deepwater oil export project off the Texas coast as soon as it receives a U.S. government license, CEO Jeff Ballard told Reuters. The move comes as U.S. President Donald Trump pushes for faster approvals of projects that will help bolster the U.S. energy industry, including fossil fuel production. As part of that push, Sentinel's Texas GulfLink project was issued a record of decision, a major step in the permitting process, on Friday by the Trump administration.

Fed's Goolsbee says PCE inflation reading unlikely to be as 'sobering' as CPI

Last week, the Labor Department reported a larger-than-expected 0.5% month-over-month increase in CPI for January. The comparable Personal Consumption Expenditures Price Index the Fed uses for its 2% inflation target is due to be released next week, and most economists estimate it will show less of an increase than reflected in the CPI. "The CPI number was not great," Goolsbee said at a Chamber of Commerce event in Chicago.

Ex-Gunvor Manager Convicted of Bribery Over Oil Deals

(Bloomberg) -- A former manager at Gunvor Group was found guilty by a Swiss court of bribing public officials to secure oil contracts in Africa, a second win in less than a month for Swiss prosecutors cracking down on corruption in the commodity-trading industry. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in D