Tag Archives: Donald Trump

Transparency about spending would enable Libyans to see who is getting what from Libya oil.

Eventually. D. Trump will become hostage of Russia and Saudi Arabia who are hardly interested in low oil prices.

China and India as two major importers of Iran'.s oil do not care about the US oil sanctions.

According to IEA. Saudi Arabia will use its spare capacity which is predicted by as much as 2 million barrels per day.

U.S. crude oil is not on the list of 545 products the Chinese government has said it would immediately retaliate with in response to American duties.

US oil producers likely to eye Indian market as tariff war with China escalates.

Washington has warned other countries to end business in Iran and stop buying its oil from early November or face punitive measures.

The development builds on discussions during a climate summit in Paris last year.

OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.

Trump’s order to OPEC members to increase production destabilizes the market.