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.
The slow growth of India's GDP is largely attributed to the country's oil crisis and weak performance of the rupee in the global economy.
When Obama lifted the ban on exporting crude oil, the US wasted no time in making their own. By 2020, America might be regarded as the...
Crude oil and gasoline prices are expected to surge following President Trump's decision to withdraw from the Iran nuclear deal.
Iran developed its national steel industry development program in 2015, with the goal of increasing its capacity to 55 million metric tons by 2025.
After Trump renewed Iran sanctions, crude oil prices might increase further and even reach $100 per barrel. Bitcoin's price plunges to $8,500.
Aluminum prices received an 18 percent spike as a result of the sanctions applied on Russia.