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Commodities Briefing - Categorized | Market Moves, Oil more

U.S. engagement with oil exporters changing

Posted on 12 September 2013

Developments in the U.S. oil and natural gas market are changing the conversation Washington has with its foreign partners, a State Department official said. The U.S. Energy Department said Tuesday domestic crude oil production increased last month to an average 7.6 million barrels per day, the highest for any month since 1989.
New drilling technologies used to tap into oil deposits locked in shale have translated to record lows in terms of U.S. imports of foreign oil………………………………………..Full Article: Source


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