<i>Associate Professor at the Financial University under the Government of the Russian Federation, Leonid Krutakov, on what the policy of the U.S. and Saudi Arabia in the oil market has led to.</i>
More than 50 million barrels of Saudi oil flows to the shores of the United States. Some 7 million more flow to the [Read more]
The reason for the historic crash in oil prices lies in the lack of oil storage tanks in the central part of the United States, especially in Cushing, Oklahoma, the main oil storage hub.
The depression in the U.S. oil market forces us to ask ourselves whether OPEC made the right decisions regarding production cuts or whether the cuts will prove insufficient.
Trump says he will not interfere with antitrust laws.
The current pandemic will not only cause oil prices to plunge but will drive down the demand for oil and petroleum products in the United States.
Now more than ever, America needs its dollar to remain the most sought-after currency in the world.
Oil is a strategic and political weapon. The United States knows it.
<i>Analyst Aleksandr Frolov on how deteriorating relations between the U.S., Iran and China will change the global price of oil.</i>
The United States Department of Energy has increased the figure forecast for the price of oil from $65.15 to $69.64 per barrel. The European Commission has also adjusted its estimates [Read more]