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OIL

US export ban lift one step closer

ANOTHER spanner has been thrown into the global already imbalanced cogs of global oil markets, with a powerful US congress committee voting to lift 1970s-era restrictions on US crude oil exports, earning high praise from industry, which just launched an advertising blitz about it.

Anthony Barich
US export ban lift one step closer

HR 702, the bipartisan bill which seeks end the export ban on crude oil imports that has stood since the 1970s oil shocks, will now go before the full Energy and Commerce Committee for a vote. If the...

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