It looks like the cartel aims for higher oil prices now and will think of regaining market share later.
Read More »The Unexpected Effects of China`s Trade War on Domestic Oil Drilling
There are only three active barite mining operations in the U.S.. all in Nevada. Combined. they produce about 500.000 metric tons of the mineral.
Read More »U.S. Oil Rig Count Falls despite Rising Production
US production rose slightly for week ending June 28 to 12.2 million bpd. 200.000 bpd down from the all-time high of 12.4 million bpd.
Read More »US Weighing Extension of Iran Oil Waiver After China`s Defiance
The US State Department is seriously considering using an Obama-era loophole to allow China to import oil from Iran. violating the Trump administration’s earlier pledge to bring Iranian oil exports down to zero. according to a report.
Read More »Turkey`s President Open to Mediate Talks between Iran. US
The US has continued with what it describes as a ‘maximum pressure’ policy against Iran.
Read More »US Weighing Extension of Iran Oil Waiver after China`s Defiance
China is the top buyer of Iranian oil and nearly all its oil payments go through Kunlun Bank.
Read More »Iran Condemns US’ Influence on OPEC against Tehran. Caracas
Tehran lashed out at Washington for its attempt to wield influence on the Organization for Petroleum Exporter Countries (OPEC) through Saudi Arabia to undermine the role of Iran and Venezuela as the two major members of the oil cartel.
Read More »US Unable to Zero Iran`s Oil Exports
Iranian Parliament Speaker Ali Larijani said that Washington has failed in its attempts to prevent Iran'.s oil sales and its purchase of goods from other countries.
Read More »Huawei to Increase Its 5G Investment Despite US Ban
Speaking at Huawei'.s annual user group meeting in Wuzhen. Zhejiang. Huawei Carrier CEO Ryan Ding said the Chinese tech giant will continue providing 5G products and partnering with carriers to build a ".=fully connected. intelligent world.
Read More »What’s Next After the US Tanker Attacks?
Tensions are expected to rise yet further after the 13th June attack on two US tankers in waters between the Gulf Arab states and Iran.
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