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US oil to join North Sea crude price basket

US-produced oil will join Europe’s pricing benchmark, reflecting the changing shape of the global market more than four decades after an American company brought the first North Sea crude ashore in the UK.S&P Global Platts,…

Price war fear eases, Aramco hits IPO level

Saudi Aramco shares have shaken off the ravages of an oil-price war to briefly regain the $1.7 trillion valuation that the company achieved in its record-breaking initial public offering. The stock rose as much as 2.8 per cent to 32.55…