ENERGY

Oil Prices Surge After Attack On Saudi Oil Site

Oil Prices Surge After Attack On Saudi Oil Site

Oil prices pressed higher Monday after strikes on major oil facilities in Saudi Arabia, the world’s largest oil exporter, shook energy markets already rattled by a decision by oil producers last week to not lift output.

India Plans To Store Oil In US

India Plans To Store Oil In US

India is in advanced talks to store its crude oil in US strategic petroleum reserves as an insurance against any supply disruption or price spikes, Oil Minister Dharmendra Pradhan said on Friday.

Iran-China Deal to Ditch Dollar, Bypass US Sanctions

Iran-China Deal to Ditch Dollar, Bypass US Sanctions

On Sunday, The New York Times reported Iran and China were nearing the conclusion of strategic partnership in defiance of the US, saying the deal foresees “a sweeping economic and security partnership.”

Oil Falls As Crude In US Storage Nears All-Time High

Oil Falls As Crude In US Storage Nears All-Time High

Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic.

Oil Crash Pummels World Shares, Bond Yields

Oil Crash Pummels World Shares, Bond Yields

Stock markets around the world fell on Tuesday, as oil prices hit a two-decade low a day after some US crude oil futures turned negative for the first time ever,

The Oil Debacle!

The Oil Debacle!

With prices falling sharply, a lot of small independent Oil producers in the US are on the brink of bankruptcy now. This OPEC plus deal had given them some hope, but now it seems even that slight sliver of hope has dwindled away

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