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Energy news covering oil, petroleum, natural gas and investment advice Oil production growth is slowing due to natural depletion and rising costs, especially in the permian basin, but new federal estimates could offset geological limits. A london judge has knocked back a lawsuit aimed at stopping 28 offshore oil and gas exploration licences, giving the government a win it probably didn’t expect this week.
The current price of west texas intermediate (wti) crude oil today is $59.28 per barrel
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