America can't live without Russian oil?
World News

America can’t live without Russian oil?

(News 24h) – Amid the depleted US oil reserves, Americans were still actively importing Russian Urals oil. Data from maritime surveillance services released on May 23 showed that seven ships carrying 6 million barrels of Russian Urals were en route to the United States. That’s more than 3 million barrels that the United States bought […]

Opening oil price, Saudi struggled with budget
World News

Opening oil price, Saudi struggled with budget

(News 24h)                                                  –                         Saudi Arabia raises budget compensation tax, Russia adopts support package to help people recover their business after the economic restart. Oil prices have clearly affected many oil-exporting countries, including Saudi Arabia, leading OPEC and Russia. When Riyadh began declaring it would flood the world with cheap oil, it was unlikely that […]

Oil 30 USD / barrel will be able to revive shale oil
World News

Oil 30 USD / barrel will be able to revive shale oil

(News 24h)                                                  –                         Shale producers expect oil prices at $ 30 per barrel to be able to reactivate rigs. Oil prices ended gains on Friday after reports of the US Petroleum Institute showed that US crude inventories rose 8.4 million barrels last week, a much larger increase than the previous year. with expected. The […]

NY Times: Russia has always lied to OPEC about cutting production?
World News

NY Times: Russia has always lied to OPEC about cutting production?

(News 24h)                                                  –                         The closure of Russian oil rigs is more difficult than Saudi Arabia because of the cost but not in reality. Oil prices are at a record low, forcing oil producers around the world to take measures to reduce oil production even more. It is not just a reduction in the output […]

The US suspected Russia to drown oil prices but still ignited the Middle East
World News

The US suspected Russia to drown oil prices but still ignited the Middle East

The U.S. Commodity Futures Trading Commission (CFTC) is investigating whether Russia has intentionally pushed the oil market to collapse, according to Bloomberg. Russian Energy Minister Alexander Novak. Photo: TASS According to a separate source of the British newspaper, the CFTC, with the support of the US State Department and the Federal Bureau of Investigation (FBI), […]

America finds everything it can to store oil
World News

America finds everything it can to store oil

(News 24h)                                                  –                         American investors are trying to find ways to contain as much oil from the market as possible at the unprecedented low prices. US future oil prices are low due to record low demand from the impact of the COVID-19 epidemic and growing inventories. With land-filled storage depots and huge oil tankers […]