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Countries worldwide have issued economic sanctions against Russia for the invasion, and many have also pledged to cut off Russian oil imports. Experts say this could lead to a domestic increase in oil production, including in Wyoming. However, this depends on several factors.
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On Monday, domestic oil prices dropped more than 200 percent, settling at -$14.05 by day's end; the West Texas Intermediate (WTI) crude oil price…
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There’s been too much oil on the market since well before the coronavirus outbreak. But a recent agreement to cut production won’t be enough to prevent...
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Oil prices have shot up in the U.S. after Russia and Saudi Arabia announced they would continue limiting supply of petroleum to the global market. They’re…