On Wednesday, U.S. President Donald Trump crushed any hopes of a trade deal with China when he announced that China “broke the deal” and that, as a consequence, the U.S. will enforce even higher tariffs on some imports from China starting on Friday, May 10. Is oil resolving trade war in talks? According to some […]
Escalating Weighing on Oil Prices Crude explorers deployed fewer rigs in U.S. fields this week amid an escalating weighing on oil prices a trade war between U.S. and China. In response to mounting pressure from investors, exploration companies have taken drastic measures to demonstrate fiscal responsibility and maximize returns for shareholders. One notable action has […]
Cheapest Source Of Oil Supply U.S. shale oil was the world’s second most expensive oil resource is now the cheapest source of oil supply. Just behind the giant onshore oil fields in the Middle East, Rystad Energy said on Thursday. Rystad estimates its cost of supply curve update that the average Brent Crude breakeven price […]
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