Trump cited the devaluation of the Turkish lira in his Friday decision to double the steel tariffs for imports from Turkey.
Read More »Saudi Arabia Reassures Canada on Oil Supplies as Dispute Continue
Bilateral trade between Canada and Saudi Arabia is worth more than $3 billion a year.
Read More »$90 Oil Is a Very Real Possibility
U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year.
Read More »US Does not Impose Sanctions on Venezuela`s Oil
The word out of Washington is that the United States is no longer looking at sanctioning Venezuela’s oil industry.
Read More »Iraq`s July Crude Oil Production Hits New 13-Month High
Iraq has no option to export Kirkuk crude from the north of the country due to a political dispute with KRG.
Read More »Iran Accuses OPEC Non-OPEC Committee of Trying to Redistribute Crude Oil Output Quotas
Russia produced 11.22 million b d in July. basically erasing its 300.000 b d pledged cut.
Read More »Crude Oil Futures Largely Stable as Markets Await Fresh Signals
US oil rig counts were up by two to 1.048 for the week ended July 27. according to Baker Hughes
Read More »Russia Can Raise Output above 200.000 b d
Russia reduced its crude production by 300.000 b d from October 2016.
Read More »China-US trade Dispute to Hit VLCC Demand
Sinopec expects China'.s total crude imports from the US in value terms to more than double in 2018 due to strong demand.
Read More »Iranian Oil Minister Says He Got `What I Wanted` in OPEC Output Deal
OPEC and its 10 non-OPEC partners have agreed to restore compliance with their production cuts to 100%.
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