Reading Time: 3 minutes The Chinese have stockpiled huge reserves of low-priced oil, giving them significant geopolitical leverage over Russia and Saudi Arabia
Tag: Saudi Arabia
Oil-rich Saudis squeezed by Trump
Reading Time: 3 minutes Current oil production cuts can’t continue for long or the Saudis, and others, won’t balance their budgets
Oil market finally showing signs of life again
Reading Time: 3 minutes President Donald Trump’s efforts at salvaging the United States shale oil sector seem to be paying off
Politics helped drive latest Saudi oil production cut
Reading Time: 3 minutes The need to generate cash, along with political pressure, compelled the Saudis to make some bitter decisions
Glut, pandemic keep world oil market on edge
Reading Time: 3 minutes Producing countries strive to reduce output while tankers carrying millions of barrels of crude oil head for ports
Crude oil cuts finally made, but to what end?
Reading Time: 3 minutes As world demand declines thanks to the COVID-19 pandemic, oil countries struggle to control prices with production cuts
Who will blink first in crude oil crisis?
Reading Time: 3 minutes For four years, the U.S. has firmly rejected joining the producers’ club to curb output. It can’t remain aloof any longer
Oil glut, COVID-19 crisis punishing world crude prices
Reading Time: 3 minutes With demand and supply shock acting simultaneously, crude markets are imploding. And this is just the tip of the iceberg
Bring unity to the fragmented oil market
Reading Time: 3 minutes It’s time for a Russia-Saudi-Arabia-Texas crude oil axis. But it will require the Trump administration to make some concessions
The crude story behind the Russia/Saudi oil war
Reading Time: 3 minutes Coupled with the coronavirus, the oil battle is hurting economies all over the world, including Canada and particularly Alberta