Tag: Oil

President Donald Trump meets with Saudi Crown Prince Mohammed bin Salman in the Oval Office of the White House, Tuesday, March 20, 2018, in Washington. (AP Photo/Evan Vucci)

Trump’s Tweet Got Saudi Arabia to Drop the Price of Oil

Trump is one of the few politicians in Washington, D.C. who has exhibited an understanding of how global oil prices are set. The Saudis do not sell at spot prices like the rest of the world’s oil producers. Instead, they post their prices to refiners and then fill all orders at the set price.

Chevron Bets on West Texas

Trump Ended the Iran Nuke Deal and Oil Prices Declined

When Trump said he was considering ending the Iran nuclear deal and reimposing sanctions, many said he would cause an unwanted spike in oil. When he finally ended the nuke deal Tuesday, that didn’t happen at all.

FILE - This June 27, 2017, file photo shows an oil rig at sunset in Midland, Texas. President Donald Trump relentlessly congratulates himself for the healthy state of the U.S. economy, with its steady growth, low unemployment, busier factories and confident consumers. But in the year since Trump’s inauguration, most …

Saudis Planning $10B Investment in Texas

Saudi oil executives inked multi-billion dollar deals with companies to explore building petrochemical facilities along the Texas Gulf Coast. Essentially, they hope to capitalize on the U.S. oil and gas boom, largely fueled by shale drilling in the Permian Basin.

Iran's Oil Minister Bijan Namdar Zanganeh (C) speaks to journalists as he attends the 173rd OPEC Conference of Organization of the Petroleum Exporting Countries (OPEC) in Vienna, on November 30, 2017. ?The OPEC will discuss a possible extension beyond March of its pact with Russia and other major oil producers …

Iran Minister Blasts Trump Over Oil and Gas Contracts

TEHRAN – Iran’s oil minister lashed out at the United States on Sunday, saying that hostile comments by President Donald Trump had torpedoed new oil and gas contracts for the Islamic republic.

China's economy grew more than expected in the second quarter of the year but officials warned of headwinds from 'uncertain factors abroad and long-term structural contradictions' at home

China Caps Oil Supplies to North Korea, Bans Steel Imports

China’s Commerce Ministry announced on Friday that it will cap oil supplies to North Korea and ban imports of steel and other manufactured goods, in accordance with tougher U.N. Security Council sanctions against North Korea’s nuclear missile program.

RIYADH, SAUDI ARABIA - NOVEMBER 11: (----EDITORIAL USE ONLY MANDATORY CREDIT - 'BANDAR ALGALOUD / SAUDI ROYAL COUNCIL / HANDOUT' - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) King of Saudi Arabia Salman bin Abdulaziz Al Saud (L) is welcomed by Saudi Crown Prince and …

Saudi Arabia Releases Most Corruption Detainees After Settlements Reached

A statement from Saudi Arabia’s public prosecutor on Tuesday indicated that most of the suspects swept up in the recent anti-corruption crackdown will be released after reaching settlements with the government, although a sizable number remain in detention, and some of those will be prosecuted for their offenses.

The price of diesel oil and gasoline in North Korea has dropped sharply in the last month, according to reports from within the isolated republic, with Russia apparently stepping up supplies in spite of international efforts to isolate the regime of Kim Jong Un and force Pyongyang to abandon its …

Report: Influx of Russian Oil Rescues North Korean Economy from Sanctions

A report from Japan’s Asia Press International (API) identifies “massive amounts” of Russian oil entering North Korea, providing a much-needed lifeline as the rest of the world pressure the rogue regime for its consistent nuclear threats with growing sanctions.

US Ambassador to the UN, Nikki Haley pushes for more nuclear inspections in Iran

Haley: Trump Demanded Xi Jinping Cut off North Korea’s Oil Supply

American Ambassador to the United Nations Nikki Haley told the Security Council on Wednesday that President Donald Trump had urged his Chinese counterpart Xi Jinping to cut off North Korea’s oil supply, a move considered among the last and most devastating measures possible against the crippled North Korean economy.

Russia's President Vladimir Putin (R) and his Venezuelan counterpart Nicolas Maduro shakes hands during a signing ceremony at the Kremlin in Moscow, on July 2, 2013. Fugitive US intelligence leaker Edward Snowden was denied asylum by a host of countries today after applying for a safe haven in 21 nations …

Arria: Putin Looks to Assert Russian Influence in the Americas via Venezuela

“America for the Americans” was a fundamental piece of the foreign policy of the United States in relation to Latin America since President James Monroe announced it in 1823, when his country lacked the resources and military to enforce it vis-à-vis imperial European powers.

FILE - In this July 20, 2013, file photo, an ethanol plant stands next to a cornfield near Nevada, Iowa. The Obama administration has failed to study as legally required the impact of requiring ethanol in gasoline and ensuring that new regulations intended to address one problem do not actually …

Exclusive — Jim Talent: A Trump Promise on Biofuels

President Trump recently pulled the Environmental Protection Agency (EPA) back from an obvious blunder, and the reactions have been fascinating. The agency had been considering an oil industry request to roll back competition from U.S. biofuels, but the White House sided with rural communities, where renewable fuels are produced from farm-crops or agricultural waste.

Iraqi security forces and volunteers celebrate in front of Governorate Council Building in Kirkuk, 290 kilometers (180 miles) north of Baghdad, Iraq, Monday, Oct. 16, 2017. A spokesman for Iraq's state-sanctioned militias says they have "achieved all our goals" in retaking areas from Kurdish forces in and around the disputed …

Kurdish Official Forbidden to Speak Kurdish at Kirkuk Press Conference

The freshly-appointed interim governor of Kirkuk, Rakan Ali al-Jabouri, held a press conference on his first full day in office Tuesday, at which Kurdish police chief Omar Khatab was asked to speak. Khatab was also rather forcefully asked not to speak in Kurdish on three different occasions, even when responding to questions asked in that language by a Kurdish reporter.

President Nicolas Maduro addresses supporters during a rally in Caracas, Venezuela, on Friday, Oct. 28, 2016. After rallying tens of thousands to the streets of the capital on Wednesday, Maduro's opponents convened a 12-hour national strike as they ramp up their efforts to oust the unpopular president after authorities here …

Report: Iran Claims Venezuela Is in Talks to Build Oil Refinery in Syria

Venezuelan dictator Nicolás Maduro is now seeking to strike oil deals with both Iran and Syria to help ease the pressure of the country’s worsening economic and humanitarian crisis, according to an announcement by Iran’s Research Institute of the Petroleum Industry.

Russian President Vladimir Putin, right, speaks with Prime Minister of Iraq's autonomous Kurdish region Nechirvan Barzani during their meeting at the the St. Petersburg International Economic Forum in St. Petersburg, Russia, Friday, June 2, 2017. (Alexei Druzhinin/Sputnik, Kremlin Pool Photo via AP)

Russia Becomes Primary Source of Funding for Kurdistan

The Russian government is now the primary funder of oil and gas deals in the autonomous region of Kurdistan and has yet to outline its position on next week’s Kurdish independence referendum, a report from Reuters has revealed.