US Exporting WTI Crude Oil to EU, Cramps OPEC’s Pricing Plans

US Exporting WTI Crude Oil to EU, Cramps OPEC’s Pricing Plans

US Exporting WTI Crude Oil to EU, Cramps OPEC’s Pricing Plans $USO, $OIL, $XOM, $BP US Crude Oil producers are benefiting from OPEC’s price squeeze and exporting cheaper WTI Crude Oil to Europe in record amounts. Russia alligned with the Organization of the Petroleum Exporting Countries (OPEC) last year in cutting Crude Oil output jointly […]

Saudi Arabia Regains Spot as Top Crude Supplier to China

Saudi Arabia Regains Spot as Top Crude Supplier to China

Saudi Arabia Regains Spot as Top Crude Supplier to China $OIL China imported 4.569-M tonnes of Crude Oil from the Kingdom in June Saudi Arabia, the world’s biggest Crude Oil exporter, regained its position as China’s top Crude supplier in June, after losing out to Russia in the previous 3 months, customs data showed Thursday. […]