Tag Archives: Donald Trump

Oil has rebounded to over $70 a barrel. after prices crashed to as low as $26 in January 2016.

Trump'.s verbal attack on OPEC is hardly justified.

The US has recently taken a series of measures which amount to waging trade wars.

The organization had invited the US shale oil producers to take part in its seminar in June in Vienna.

In recent years. American reliance on foreign petroleum has dropped.

According to the agreement. Iran scaled back its nuclear activities in exchange for termination of economic and financial sanctions.

Washington failed to back up its words with action after Beijing pressured Hanoi into abandoning a South China Sea oil drilling project.

The United States has taken a series of recent measures against Russia.

New sanctions on Monday would be the third round enacted by the Trump administration against Russia in the past four weeks.

Syria is not the only hot spot that is driving oil prices higher up. but it is certainly the hottest.