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Oil Dips 1%, Posts Weekly Loss as Markets Weigh Chinese Demand

(Reuters) – Oil prices closed 1% lower on Friday and fell even more for the week as markets remained wary of soft Chinese demand even as producer group OPEC+ extended supply cuts. Brent crude futures settled down 88 cents, or 1.1%, at $82.08 a barrel. U.S. West Texas Intermediate crude futures (WTI) fell 92 cents, …

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Commentary: Fact-Checking an LNG Denier

Tampa, Florida, U.S. representative Kathy Castor blamed U.S. natural gas producers for her constituents’ higher electricity bills in 2023. Here’s the truth, according to Hart Energy’s Nissa Darbonne.