Tag Archives: United States of America

A key American oil benchmark, West Texas Intermediate, fell by more than 80% on Monday as global oil markets continue to grapple with a pandemic-driven collapse in demand.

US President Donald Trump described the historic collapse in oil prices as short-term and caused by “financial pressure,” adding that his administration would consider stopping oil shipments from Saudi Arabia. Trump said at a daily press conference that his administration also plans to increase the level of crude oil stockpiles …

Energy exports from the US reached an all-time high of 23.6 quadrillion Btu in 2019, marking the first time in 67 years that annual US gross energy exports exceeded US gross energy imports, according to the US Energy Information Administration’s (EIA) Monthly Energy Review. Gross US energy imports were 22.8 …

Turkey will collaborate with China and United States to build a pumped-storage hydropower plant in the Isparta province, in the western Anatolian region, Anadolu reported General Electrics General Manager Marwan Al Roub saying. “The pumped-storage hydropower plant will provide important capacity toward Turkey’s renewable energy potential,” Al Roub stated. The …

The United States called on China on April 18 to stop “bullying behavior” in the South China Sea and said it was concerned by reports of Beijing’s “provocative actions” aimed at offshore oil and gas developments in the disputed waters. Three regional security sources told Reuters on April 17 that …

Crude oil futures fell on Monday, with US futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that US storage facilities will soon fill to the brim amid the coronavirus pandemic.

Crude oil futures fell on Monday, with U.S. futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that U.S. storage facilities will soon fill to the brim amid the coronavirus pandemic. The oil market has been under pressure due to a spate …

The research plans to expand use of technology to find solutions to challenges including Covid-19.

Iran's Ambassador and Permanent Representative to the United Nations Majid Takht-Ravanchi reacted to the US’ nervous claims against Iran's arms activities, saying such moves are only meant to divert attention from Washington’s economic terrorism against the Iranian nation.

In the last week of March, weekly unemployment claims reached a record high of 6.87 million, more than doubling the previous record set only a week earlier.