Saudi Aramco will make a major investment in South Korean refiner Hyundai Oilbank as part of its long-term Asian market strategy.
World trade is beginning to slide as Italy and Germany could be leading the Eurozone into a recession. Meanwhile, U.S. unemployment rate jumped.
It was the week that saw the end of the shutdown in the U.S. — at least temporarily and no wall. It seems that the threat...
With trade talks between the U.S. and China resuming, several ships have been identified as oil tankers likely delivering U.S. crude oil to China.
In the previous week, the Dow Jones set two new all-time highs, closing at 5.55 percent.
The bull market is at its longest yet while Bitcoin remains unchanged, silver and gold do well, and oil rebounded strongly this week.
The U.S. oil industry is recovering from its struggles in the past few weeks. The decline started after rumors about Iran providing fewer supplies emerged.
President Donald Trump is open to the possibility of selling some of America's oil reserves in order to subdue the looming global oil deficit.
As traders push for a higher oil demand, crude oil prices in Saudi Arabia could reportedly increase to as high as $100 per barrel.
The U.S. also requested some OPEC members to increase their daily output.