President Donald Trump last week hinted that the US would wade into the oil price war between Saudi Arabia and Russia at the appropriate time, saying low gasoline prices were good for American consumers despite hurting the industry. US President Donald Trump was quite happy with Saudi Arabia’s plans to oust Russia from certain oil […]
US President Donald Trump used to complain about the high oil prices that came as a result of the OPEC+ agreement, which saw many oil-exporting countries cut crude production. Now, however, is unhappy with the anomalously low price of black gold that is threatening to kill the American shale oil industry. Commenting on the ongoing […]
Plummeting oil prices have sparked another round of predictions about the economic collapse of Russia – this time from US President Donald Trump, who sounded a lot like his predecessor Barack Obama on the subject. The price of crude oil has crashed to $20 this week, due to a one-two punch of Saudi Arabia flooding […]
The crude rally is likely to continue this year as OPEC countries are losing their exports, analysts told RT. The key reason is US sanctions against major producers Iran and Venezuela.
Crude prices will likely reach $100 per barrel for the first time since 2014, and OPEC has no leverage to prevent such a scenario, an analyst has warned. “Nobody wants to get caught short, full in the knowledge that more Iranian barrels are poised to be removed from the market,” Stephen Brennock, oil analyst at […]
If you can’t get them to keep quiet, ignore them, appears to be the playbook currently in use by OPEC. Tweets by US President Donald Trump demanding that OPEC boost its oil output as a means of lowering prices worldwide have been met with silence by the global fossil-fuel energy bloc.