OIL is up above $70 a barrel with the price rallying fast, after the spread of the COVID-19 Delta variant dampened sentiment and brought in a new slew of lockdowns — and, an outage at a Pemex rig in the Gulf of Mexico.
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The Pemex outage is due to an explosion that killed five workers in the Ku-Maloob-Zaap oilfield production hub in the Bay of Campeche. The E-Ku-A2 platform pumps some 421,000 barrels of oil per...
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