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Energy

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Canada's Calfrac rejects Wilks Brothers proposals to buy U.S. business

July 14 Calfrac Well Services said on Tuesday it had rejected two proposals submitted by share and debt holder Wilks Brothers to buy the Canadian oilfield services firm's U.S. business in exchange for some of the company's debt.

3:54pm BST

UPDATE 5-Oil dips on demand fears as OPEC+ considers output increase

* Demand recovery threatened by surging coronavirus cases (Updates prices)

3:00pm BST

COLUMN-Oil diplomacy and the U.S. presidential election: Kemp

LONDON, July 14 Slower growth in petroleum consumption has intensified competition among the major oil producers and contributed to periodic volume wars and price slumps as they have fought for market share.

2:42pm BST

UPDATE 2-Poland's PKN plans PGNiG takeover to create energy giant

WARSAW, July 14 Poland laid out plans on Tuesday to merge four of its largest energy groups in a move the government hopes will create a major regional player, with the country's largest refiner PKN Orlen taking on the risk of another large deal.

M&A, Regulatory News 2:33pm BST

UPDATE 2-OPEC sees oil demand soaring in 2021 but still below 2019

* Group sees no major rise in U.S., Russian output (Adds analyst comment in paragraphs 12-13)

2:29pm BST
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