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Oil gets only small reprieve from revival of US-China dialogue

The Kobe Chouest platform supply vessel sits anchored next to the Chevron Corp. Jack/St. Malo deepwater oil platform in the Gulf of Mexico in the aerial photograph taken off the coast of Louisiana, U.S., on Friday, May 18, 2018. While U.S. shale production has been dominating markets, a quiet revolution has been taking place offshore. The combination of new technology and smarter design will end much of the overspending that's made large troves of subsea oil barely profitable to produce, industry executives say. Photographer: Luke Sharrett/Bloomberg
The Kobe Chouest platform supply vessel sits anchored next to the Chevron Corp. Jack/St. Malo deepwater oil platform in the Gulf of Mexico in the aerial photograph taken off the coast of Louisiana, U.S., on Friday, May 18, 2018. While U.S. shale production has been dominating markets, a quiet revolution has been taking place offshore. The combination of new technology and smarter design will end much of the overspending that's made large troves of subsea oil barely profitable to produce, industry executives say. Photographer: Luke Sharrett/Bloomberg
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