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There’s room for cooperation, but also competition.

Will Putin and Trump Bond Over Oil?

EghtesadOnline: In the early 2000s, the Russian and U.S. presidents, Vladimir Putin and George W. Bush, decided it was time their two countries had a closer relationship. The obvious place to start was the oil industry. The U.S. was importing almost twice as much crude as it produced and wanted to diversify away from Middle Eastern suppliers. Russia’s vast, untapped reserves of oil needed two things U.S. companies had plenty of: money and technology.
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Publish Date:14/January/2017 | 05:15

Oil slips $1 on concerns U.S. production is rising

EghtesadOnline: Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.
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Publish Date:09/January/2017 | 13:00

Oil prices fall as U.S. inventories, Libya output weigh

EghtesadOnline: Oil prices slipped in tepid Asian trading on Thursday, dragged down by an unexpected rise in U.S. crude inventories last week and moves by Libya to boost output over the next few months.
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Publish Date:22/December/2016 | 09:42

Oil prices edge up on expected U.S. crude inventory draw

EghtesadOnline: Oil prices nudged higher on Wednesday on expectations of a U.S. crude inventory draw, although trading activity was muted as markets start to wind down ahead of the Christmas weekend.
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Publish Date:21/December/2016 | 06:58

Oil prices fall on rising U.S. crude stocks, OPEC output concerns

EghtesadOnline: Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut.
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Publish Date:14/December/2016 | 24:11

Can the U.S. Become an Energy Superpower in 2017?

EghtesadOnline: For decades, America depended on the world for energy. Today, it’s becoming a global supplier of oil and natural gas in its own right. This year, for the first time ever, the U.S. started turning gas from prolific shale formations into liquefied natural gas (LNG) and sending it overseas. In 2017, the country may be exporting more of the heating fuel than it imports for the first year since the 1950s.
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Publish Date:04/December/2016 | 12:58

U.S. Oil Drillers Coming Back to Life

EghtesadOnline: Growing confidence that crude prices will rise in coming months is sustaining the expansion of oil drilling in the shale patch.
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Publish Date:21/November/2016 | 08:20

Oil rises on U.S. crude inventory draw, falling Chinese output

EghtesadOnline: Oil prices rose on Wednesday, lifted by a report of a drop in U.S. crude inventories and declining production in China, while an upbeat OPEC statement on its planned output cut also supported the market.
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Publish Date:19/October/2016 | 07:15