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Biden's Russia-Oil Ban Opens Path for Shale Giants EOG, Devon to Fill the Gap

(Bloomberg) President Joe Biden’s ban on Russian oil imports puts new pressure on. ....

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Oil plummets by more than $10 on virus fears

Oil prices crashed more than 10 percent as a new coronavirus strain sparked fears that. ....

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Oil's gains evaporate as wells restart

Oil s gains evaporate as wells restart
Sharon Cho and Alex Longley, Bloomberg
Feb. 19, 2021
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Idle oil rigs in Texas are expected to soon see action in Texas as the price of crude rises to near $60.Matthew Busch/Bloomberg
Oil fell for a second day as production slowly restarted in Texas and the White House said it would be willing to meet with Iran, potentially paving the way for more crude exports from the Persian Gulf nation.
Futures in New York dropped toward $59 a barrel. Companies are using restored power from grids or generators to resume output that was halted by the frigid weather, according to people familiar with the matter. The timeline for a full restoration of the estimated 40% or so of U.S. oil production that was shut in by the big freeze is unclear. ....

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Big freeze in Texas becoming a global oil market crisis

Big freeze in Texas becoming a global oil market crisis
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Oil holds near $60 amid power crisis

Oil holds near $60 amid power crisis
lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.

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