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World Oil Market in ‘Free-for-All’ and Russia Targeting U.S. E&Ps, Yergin Says

World Oil Market in ‘Free-for-All’ and Russia Targeting U.S. E&Ps, Yergin Says

Energy industry guru Daniel Yergin, the vice chairman of IHS Markit who annually leads CERAWeek in Houston, said Wednesday the world oil market has become a “free-for-all” after an oil production alliance between the Saudi-led cartel and Russia collapsed last week.

March 11, 2020