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 …
Read More »US Oil Price Plunges to Its Lowest in 21 Years
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.
Read More »U.S. Oil Falls more than 10% to Lows not Seen since 1999
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 …
Read More »US Announces $30m for Research in Machine Learning and AI
The research plans to expand use of technology to find solutions to challenges including Covid-19.
Read More »US Trying to Distract Attentions from Its Continued Economic Terrorism
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.
Read More »Covid-19 Contributed to more than 106,000 US Clean Energy Job Losses in March
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.
Read More »Saudi Arabia’s Client-State Relationship with the US should Concern the Whole World
When Saudi Arabia approached members of the Organization of Petroleum Exporting Countries (OPEC) and its affiliates recently to cut oil production in an attempt to cushion the impact of the falling oil prices as a result of Covid-19, Russia rejected the proposal. The subsequent spat between Moscow and Riyadh saw …
Read More »US Shale Industry Expected to Shrink Sharply as Oil Price Falls
The US shale industry is expected to shrink by more than 2m barrels a day following a collapse in global oil prices which has forced oil producers to shut down their fracking rigs. The US oil market slumped to fresh 18-year lows and below $18 a barrel on Friday following …
Read More »US Adopting Yet Another Anti-Iranian Measure in IMF
Sources say that the United States is trying to prevent the start of a powerful tool in the International Monetary Fund (IMF) that would increase liquidity and help COVID19-affected countries such as Iran.
Read More »US Injects $38m of Funding into Marine Technology
Funds will support the development of hydrokinetic turbines, which will supply energy to remote communities and utility-scale applications.
Read More »