Wednesday, May 27, 2020

Energy

The United States oil slips below $11 a barrel

Oil prices of the United States are still continuously dropping, and investors have to face worry about an overproduction of crude at such time when nobody wants amid Coronavirus. On Tuesday, during Asian trading hours, West Texas Intermediate (WTI) plunged...

Stock futures climb despite oil market facing trouble

United States equity futures are signaling to a big open righter after the day when stocks are harshly suffering by another nasty dive. On Wednesday, at the time when trading starts, primary futures pointing a growth of one percent. As oil...

With negative oil worth, President Trump to make Strategic Petroleum Reserve historic buying opportunity

For the time in the history of the oil market, oil prices fell deeply and wonder experienced energy experts and veterans; meanwhile, Mr. Trump decided to turn bloodletting into a chance for the U.S. Donald Trump said that based on...

Crude declines on oversupply concerns

On Wednesday, oil prices fell consistently by oversupplying and oil market severely crushed by the pandemic coronavirus, which had halted the movement of flights, factories, and automobiles. On Wednesday, IEA ( The International Energy Agency) predicted that twenty-nine million barrel...

OPEC+ agreement rescued ‘above 2 million’ jobs in the U.S., says Russia’s sovereign wealth fund chief

Millions of United States jobs could be rescued by the OPEC+ agreement that would support oil prices, reported by the chief executive of Russian wealth fund RDIF(Russian Direct Investment Fund). On Monday, OPEC and its allies came to a deal...

OPEC+ strikes agreement to cut crude oil production by 9.7 million barrels per day

Russia and Saudi Arabia have bounded with the deal to all other dominant crude producing countries to cut oil production because they are striving to stabilize the oil market that is severely crashed by the pandemic Coronavirus. On Sunday, OPEC...

Iran tells United States crude production must be known before OPEC+ meeting

On Wednesday, Iran expressed its demand that United States crude oil production should have well known about its level before attending OPEC meeting that includes Russia and other countries to ramp up oil prices all around the globe. OPEC+ meeting...

Oil prices jumped as Saudi Arabia-Russia head to OPEC

Worldwide oil prices spike more than 4%, building on the gain of Wednesday beyond one of the most historic and influential meetings of OPEC in history. Crude prices fall badly during the recent few weeks as the outcome from...

Oil climbs 3% on hopes for production cut as coronavirus crushes demand

On Tuesday, oil prices increased three percent and expect that world-leading crude oil producers would agree on output cuts because the Coronavirus epidemic is extensively crushing the oil demand. An analyst even said that the recession in oil demand...

OPEC calls for an emergency conference to rescue oil prices

To create a pleasant atmosphere and end the price war in the oil market, OPEC has decided to meet leading oil producers, including Russia, on Monday. The whole meeting thing will be held through a video conference and adds those...

Latest News

American military alleges Russian aircraft of insecure aerial attacks

On Tuesday, once again, American military alleged Russian jets of implementing an insecure intercept of American Navy (P-8) surveillance...

Tencent to invest $70 billion in high technology regions

Tencent, one of the leading tech giants of China, is going to invest 69.9 billion dollars or five hundred billion yuan in the upcoming...

A Laser Weapon successfully tested by the U.S. that can demolish mid-flight aircraft

On Friday, in a statement, the Navy’s Pacific Fleet told that the United States navy battleship has effectively tested a very high energy laser-weapon...

Spy chief started the declassification action for Flynn phone calls

The intelligence teams have begun the declassification action of reports and transcripts documenting about Michael Flynn’s (the national security advisor) mobile phone’s talks with...

Trump to get Hispanic support for his electioon by making a conference call

On Wednesday, the United States President, Donald Trump settled a White House conference call with Hispanic leaders and apparently focusing on the pandemic Coronavirus...