Tag Archives: United States of America

Eventually. D. Trump will become hostage of Russia and Saudi Arabia who are hardly interested in low oil prices.

U.S. crude exports have surged since the nation lifted all restrictions on overseas shipments in late 2015.

According to IEA. Saudi Arabia will use its spare capacity which is predicted by as much as 2 million barrels per day.

U.S. crude oil is not on the list of 545 products the Chinese government has said it would immediately retaliate with in response to American duties.

US oil producers likely to eye Indian market as tariff war with China escalates.

OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.

The Permian. with 55% of all the active crude rigs in the country. is the busiest American field.

Trump’s order to OPEC members to increase production destabilizes the market.

Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt.

The oil and gas rig count now stands at 1.052—up 100 from this time last year.