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Donald Trump is throttling America’s oil industry
Since he returned to the Oval Office, the benchmark West Texas Intermediate oil price has fallen from $80 a barrel to $60 (see chart 1). Some also speculate that Mr Trump’s noisy demands for a lower price contributed to a recent decision by the OPEC cartel to boost production,
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.
Goldman Sachs analysts said U.S. President Donald Trump prefers oil prices to hover between $40 and $50 a barrel, based on a ...
OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...
The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...
US President Donald Trump appears to prefer oil prices between $40 and $50 a barrel, according to Goldman Sachs Group Inc., ...
On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...
Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...
OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks ...
U.S. crude oil futures climbed more than $1 a barrel on Tuesday as the White House announced Saudi Arabia's plans to invest ...
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