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8 hours ago · 0051 GMT — Oil edges higher in early Asian trade. Prices have found some support due to lingering supply risks for oil markets, OCBC Global Markets Research writes in a report.
8 hours ago · As a means to help boost domestic oil production, the US federal tax code has had some sort of incentive for enhanced oil recovery since 1979, when crude oil was still under federal price controls. A 15 percent tax credit was codified with the U.S. Federal EOR Tax Incentive in 1986, and oil production from CO2-EOR subsequently grew rapidly.
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