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With U.S. energy costs up more than 20% and gasoline prices rising again to almost $4 a gallon, Chairman Christian urges President Biden to unleash domestic oil and natural gas production to lower prices for consumers. ....
Market outlook remains fixed on rising Covid-19 infection numbers in China, which on Sunday reported 691 new cases as of Saturday. 547 new infections were registered on Friday. ....
The IEA last week proposed 10-point plan to curb oil use. Alas, it’s unlikely that current U.S. regulators and political leaders. will provide any more than lip service to these and other long overdue measures. ....
Alaska North Slope crude paused a nine-trading-day advance Jan. 5, slipping 2 cents to close at $81.48 per barrel. West Texas Intermediate gained 86 cents to close at $77.85 and Brent gained 80 cents to close at $80.80. The indexes were coming off a strong trading day Jan. 4 that saw ANS jump $1.15. ....