Tag Archives: Dispute

Germany and Russia have been at odds since Moscow annexed Crimea from Ukraine in 2014.

Both crude price benchmarks had already gained more than 2 percent in the previous session.

OPEC oil supply fell in December by 460.000 barrels per day (bpd).

China hit US LNG with a 10% tariff in September and threatened to increase it to 25%.

For most of the past year. China and the US have been locked in a trade dispute disrupting the flow of goods.

The Saudis curtailed production by 420.000 barrels a day to 10.65 million last month.

The Nasdaq. after rising for six years in a row. has fallen 4.62 percent this year.

Saudi Arabia was the No. 1 supplier to China for a decade up to 2016.

The OPEC+ alliance agreed earlier this month to remove 1.2 MMbpd from the market in the first quarter of 2019 to revive prices.

The U.S. has been rapidly cutting into its own net import dependence on crude.