Tag Archives: United States of America

President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of staunching an historic plunge in oil prices.

China is moving forward with plans to buy up oil for its emergency reserves after an epic price crash, according to people with knowledge of the matter. The world’s biggest importer is taking advantage of a 60 per cent plunge this year to snatch up cheaper barrels for its stockpiles, …

Crude oil futures jumped 10% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war. Brent crude futures rose more than 11% in early trade. By 0958, Brent was up 8.97%, or $2.22, to $26.96, …

US President Donald Trump said he was ready to help resolve an escalating oil price war between Russia and Saudi Arabia that has helped push crude benchmarks to 17-year lows. The threat of a global recession triggered by the coronavirus pandemic had already hammered prices when Riyadh said last month …

The rampant spread of the coronavirus has turned busy streets worldwide into quiet, abandoned thoroughfares. Few cars and trucks on the road means drastically less fuel is needed as millions of people stay at home. “The unprecedented reduction in demand as the economy has basically come to a standstill worldwide …

US oil giant said it would continue to execute plans to reduce operating costs by more than $1bn by the end of the year.

Stating that the US only claims that sanctions do not include humanitarian aids, Iran's Ambassador and Permanent Representative to the United Nations Majid Takht-Ravanchi said that it is useless to just repeat this claim; a major problem is banking sanctions.

The US State Department shot down reports Trump administration will grant waivers to aid Iran's coronavirus relief effort.

The US State Department shot down reports Trump administration will grant waivers to aid Iran’s coronavirus relief effort. The US State Department shot down “inaccurate” reports claiming the Trump administration would soon be granting special sanctions exceptions to give Iran access to cash assets as it struggles to fight the …

The Global Wind Energy Council found that wind power capacity grew by 60.4 gigawatts, or 19%, compared with 2018, in one of the strongest years on record for the global wind power industry. The growth was powered by a record year for offshore wind, which grew by 6.1GW to make …