Tag Archives: Trade

The price of crude oil is up about 30% this year.

The U.S.-China relationship has moved further off track over the past two weeks.

Commercial crude oil inventories in the U.S. increased by 4.7 million barrels. or 1%. to 476.8 million barrels for the week ending May 17.

Saudi Arabia is tapping into the U.S. shale revolution that will primarily ship the fuel to buyers in Europe and Asia.

United States stock markets were lower on Monday as a US crackdown on China'.s Huawei Technologies raised concerns of a bigger impact on chipmakers and stoked fears of an escalation in the trade war between the world'.s two largest economies.

Products worth $16.5 billion were exported through the gates of the customs department of the Southern Iranian province of Hormuzgan in the last Persian calendar year (ended on March 20). of which $2.7 billion were the goods produced in the province.

U.S. crude inventories swelled by 4.7 million barrels in the latest week to their highest since July 2017.

Brent is set for its biggest weekly fall in six months and WTI in 15 weeks.

Iranian Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak. in a telephone conversation. examined the latest status of the joint projects of the two countries in areas of energy cooperation.

More Chinese airlines could follow suit amid an escalating trade and technology battle between China and the US. according to industry insiders.