Tag Archives: Donald Trump

The US oil industry appears to be backing Trump over Biden for reelection in 2020, having donated nearly $1 million to his campaign compared to only $265,000 for Biden’s campaign. According to the data, as of August 2020, President Trump has received $936,155 in contributions from the oil and gas …

German Chancellor Angela Merkel said on Wednesday that proposed US sanctions against the Nord Stream 2 gas pipeline from Russia were law-defying and would be dealt with. “We think that extraterritorial sanctions, like the ones imposed by the US, do not match our understanding of what is legal. This concerns …

The unprecedented OPEC+ deal in April, which led to drastic output cuts, is now entering its most dangerous phase, with oil demand and prices recovering. At the time, President Donald Trump claimed credit for the breakthrough, even though the U.S., the world’s biggest oil producer, wasn’t part of the agreement. …

U.S. President Donald Trump and Saudi Arabia’s King Salman spoke by phone on May 8 and “reaffirmed the strong United States-Saudi defense partnership,” the White House said, amid tensions over Saudi’s oil output. The conversation came a day after a variety of reports said the U.S. plans to withdraw two …

The world’s three biggest oil-producing countries, Saudi Arabia, Russia and the US have intensified their fight for a greater share of the global oil market as sluggish oil demand worldwide continues with low crude prices. Due to the novel coronavirus (COVID-19), oil consumption around the world has weakened over the …

As the United States pressed Saudi Arabia to end its oil price war with Russia, US President Donald Trump gave Saudi leaders an ultimatum. In an April 2 phone call, Trump told Saudi Crown Prince Mohamed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting …

President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant damage to the U.S. oil industry With last month having seen the indignity of the principal U.S. oil benchmark, West Texas Intermediate …

Oil is now a buyer’s market and China is the world’s largest purchaser of crude. As prices have plunged to multi-decade lows, the country may be reaping geopolitical advantages, if not economic benefits. China relies on imports for more than 70 per cent of domestic consumption. However, some commentators have …

President Trump has spent significant political capital during the coronavirus pandemic tending to the wounds of shale oil producers, but refiners who transform the crude into fuels for consumers are suffering as well. Refineries, with no demand for their fuel, are already operating at about 30% lower capacity than what …

When the capital city of Tehran partially emerged out of the shutdown on Saturday, we witnessed some traffic on the roads for the first time after almost a month, since the beginning of Nowruz holidays.