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Vol. 27, No.20 Week of May 15, 2022
Providing coverage of Alaska and northern Canada's oil and gas industry


Prices bounce back

US fuel inventory drawdown counteracts China COVID-19 lockdown fears

Steve Sutherlin

Petroleum News

Alaska North Slope crude surged $5.44 May 11 to close at $111.79 per barrel, while West Texas Intermediate vaulted $5.95 to close at $107.51, and Brent gained $5.05 to close at $107.51. The gains coincided with a report that U.S. fuel inventories plunged as the busy summer driving approached. Total....

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High oilfield costs may hinder production


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