Tag: OPEC

Bloomberg Informs Readers That Saudi Selling Oil in Yuan is No Big Deal

Well, what do you know? https://twitter.com/S_AnglinIV/status/1503728282876977157 "The Saudis are angry...over the Biden administration’s attempt to strike a deal with Iran...were shocked by the precipitous U.S. withdrawal...

OPEC Expects Worse Than Projected Drop-In Oil Demand

OPEC is projecting a steep drop in demand for oil in 2020. The bloc says the COVID-19 pandemic, which continues to rage around the...

Saudi Aramco Reports 73% Dive in Second Quarter Profits

State-owned oil giant Saudi Aramco reported a 73% dive in profits for the second quarter of 2020 due to low fuel demand brought about...