WASHINGTON – President Donald Trump said on Monday that his administration was considering the possibility of stopping incoming Saudi Arabian crude oil shipments as a measure to support the battered domestic drilling industry. ‘Well, I’ll look at it’, Trump told reporters at a daily news conference after he was asked about requests by some Republican … Continue reading BUSINESS NEWS | Trump To Consider Halting Saudi Oil Imports, Says U.S. Has ‘Plenty’
RIYADH | SAUDI ARABIA – Saudi Arabia plans to announce its crude prices for Man on Sunday, a source told Reuters, having delayed the official release until after it finalizes a global oil supply cut deal.
Saudi Arabia’s King Salman, U.S. President Donald Trump and Russian President Vladimir Putin reviewed, in a phone call, the importance of cooperation between oil producing countries, after Thursday’s OPEC+ meeting, Saudi state news agency SPA reported. The leaders stressed the importance of cooperation between oil producing nations to maintain stability of energy markets and support … Continue reading Saudi King, Trump, Putin Review Importance Of Cooperation Between Oil Producing Countries
BUCHAREST | ROMANIA – The White House is not negotiating with Saudi Arabia or Russia over a deal to cut oil production and wants the two parties to come to an agreement among themselves, U.S. Energy Dan Brouillette told industry executives on a call on Friday, according to a source who listened in. Brouillette spoke … Continue reading BUSINESS | U.S. Not Negotiating With Saudi Arabia, Russia; Wants Them To Reach Oil Deal: Source
RIYADH | SAUDI ARABIA – Saudi Crown Prince Mohammed Bin Salman and U.S. President, Donald Trump talked over the phone on Thursday and discussed global energy markets, according to the state news agency. The Call comes after the United States invited OPEC’s main member countries to return to negotiations.
WASHINGTON – U.S. President Donald Trump on Thursday said he would get involved in the oil price war between Saudi Arabia and Russia at the appropriate time, saying low gasoline prices were good for U.S. consumers even as they were hurting the industry. Saudi Arabia and Russia have been fighting over oil market share after … Continue reading OIL BUSINESS | Trump Says He Will Enter Saudi-Russia Oil Fray At Appropriate Time
NEW YORK - Oil prices fell below $30 a barrel on Monday as the worldwide coronavirus outbreak worsened over the weekend, exacerbating fears that government lockdowns to contain the spread of the disease would spark a global recession. Top global oil producers Saudi Arabia and Russia have failed to agree on how to react as … Continue reading BUSINESS | Oil Slumps Below $30 A Barrel As Coronavirus Spreads, OPEC Rancor Remains Elevated