Oil surged as the Federal Reserve moved toward a rate cut to boost the economy while tensions with Iran threatened to choke Middle East supplies….
Tag: Oil Industry
Two refiners in South Korea have rejected cargoes of U.S Crude Oil over poor quality concerns
Low-Quality U.S shale crude oil? The two South Korean refiners — SK Innovation Co. and Hyundai Oilbank Co. — turned away their purchased shipments of…
Oil Stocks hit hard – No Good Deed Unpunished
U.S. shale drillers are cutting back on spending to deliver returns for shareholders, but investors are still selling off the stocks. The title of a…
U.S. Secretary of State Mike Pompeo to Oil Industry: Toe The line
U.S. Secretary of State Mike Pompeo urged the oil industry on Tuesday to work with the Trump administration to promote U.S. foreign policy interests, especially…