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The insanity of flaring during a global gas crisis

Oil Updates — Oil climbs after falling 9%; Lotos backtracks on TotalEnergies Leuna comments; $144m needed to offload Yemen tanker

RIYADH: Oil rose on Wednesday, following a 9 percent drop over the previous two sessions, on supply concerns as the EU worked on gaining support for a ban on Russian oil and major producers warned they may struggle to fill the gap when demand improves. Brent crude rose $1.42, or 1.4 percent, to $103.88 a barrel at 0232 GMT, while US West Texas Intermediate crude climbed $1.23,

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