Tag Archives: United States of America

An historic crash in crude prices is driving U.S. shale into full-on retreat with operators halting new drilling and shutting in old wells, moves that could cut output by 20% for the world’s biggest producer of oil and leave thousands of workers unemployed.

President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant damage to the U.S. oil industry With last month having seen the indignity of the principal U.S. oil benchmark, West Texas Intermediate …

The latest front in the war against drilling for oil in Alaska’s rugged wildlife refuge isn’t Washington -- it’s Wall Street.

Oil is now a buyer’s market and China is the world’s largest purchaser of crude. As prices have plunged to multi-decade lows, the country may be reaping geopolitical advantages, if not economic benefits. China relies on imports for more than 70 per cent of domestic consumption. However, some commentators have …

Iran’s government spokesman says the Islamic Republic is not after creating tension in the region, but any move against the country’s interests would be responded decisively. Ali Rabiei said Tehran is after establishing peace in the region, and is not seeking adventurism at all. “The US is the party which …

On April 22, Exxon Mobil officially started an ethane programe in Huizhou city, South China’s Guangdong province, in which it has invested $10 billion. It should be noted that the programme started when the whole world is fighting the Covid-19 pandemic, global oil prices are low, and many oil enterprises …

Due to the ongoing conflicts over the nuclear agreement with Iran, known as the JCPOA, the chairman of the Foreign Affairs Committee in the German Bundestag, Norbert Röttgen, has called for a new agreement with Tehran.

Russia's Permanent Representative to the UN Mikhail Ulyanov has denied US allegations against Iran in the field of launching its military satellite, saying that the United States is violating the UN Security Council resolutions.

Iran's President Hassan Rouhani lamented the unfair US sanctions on Iran under the conditions that the world is in a fight with Covid-19, saying that the embargo is in contrast with the fundamentals of the human rights.

Russia’s permanent representative to international organizations in Vienna, Mikhail Ulyanov called US’ stance against launch of Iran’s military satellite double standards and hypocrisy. Mikhail Ulyanov has denied US allegations against Iran in the field of launching its military satellite and accused the United States of hypocrisy and double standards “US …