Tag Archives: Congress

France’s Total has been seeking a merger with ENI for decades .

Saudi Arabia is the world’s top oil exporter and OPEC’s de-facto leader.

SPR releases are a short-term solution but they do buy some time for OPEC countries to bring additional spare-capacity on line.

Russian oil producers are an attractive investment long-term because they have some of the lowest lifting costs globally.

The U.S.. Russia and Saudi Arabia are also working together to make sure the world has access to affordable energy.

Perry will be the most senior U.S. official to visit Russia since Trump met Russian President Vladimir Putin in Helsinki in July.

In August. Russia pumped 11.21 million barrels of crude daily. almost the same as the July daily production rate.

Oil prices have stabilized over the last two years largely thanks to a deal between OPEC and non-OPEC oil producers.

The Trump administration recently said it would double tariffs on steel from Turkey.

Both the Mexicans and the Americans have been eager to reach a fully revised deal by the end of August.