Saturday, December 5, 2020

Crude Oil

Drastic decline in global crude price as fed cuts interest rate to zero

The Federal Reserve took yet another bold action on Sunday evening, announcing that the central bank would be slashing interest rates to zero percent. But the markets weren't impressed, with the Dow dropping over 2,000 points, and oil prices...

Corona virus threatens fuel demand, pushes oil down 2 percent

Oil prices fell two percent Thursday, due to concerns that the spread of a virus that appeared in China may reduce demand for fuel if it harms economic growth, but losses came limited after a decline in US stocks...

Washington slaps sanctions on Chinese company for entering into oil deal with Iran

The United States has slapped sanctions on Chinese company Zhuhai Zhenrong and its president for buying oil from Iran in violation of US sanctions against Iran. US Secretary of State Mike Pompeo said this came within the framework of measures taken...

Venezuela to divert crude destined for US to Russia

Venezuelan Oil Minister Manuel Quevedo said on Monday that his country may divert oil that was mainly destined for the United States to Russia or other countries. Manuel Quevedo, who is also president of the state-run oil company PDSA, said...

OPEC compensates Iran’s oil loss, expects demand for crude to fall in 2019

OPEC said on Wednesday it had offset a drop in Iranian exports as US sanctions on Tehran resumed and lowered its demand for oil in 2019, highlighting the challenge it faces to prevent supply oversupply even after last week's...
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Kamala Harris: “Our administration will continue to put working people front and center.”

Kamala Harris, US Vice President-elect Joe Biden, promised to return attention to the American worker and put his requirements...
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Russian Ambassador: We still have time to extend the START treaty with America

Russian Ambassador to Washington Anatoly Antonov announced that there is still enough time to extend the new "START" treaty on reducing the nuclear arsenal...

Christmas in Italy: Movement between regions banned amid high COVID toll

Italy announced a ban on movement between local areas during the Christmas holidays; In order to contain the spread of the Coronavirus (Covid-19), the...

NATO: Early withdrawal could expose Afghanistan to terrorism

NATO said that an early withdrawal from Afghanistan could leave the country a haven for international terrorism. The Secretary-General of NATO, Jens Stoltenberg, announced that...

Trump’s European allies resisted sanctions on Iranian banks

A diplomatic correspondence showed that Germany, France, and Britain urged the administration of US President Donald Trump in late October to reconsider imposing new...