Trump picking a fight with Iran won’t save oil prices
He needs to do something to boost his electoral fortunes, with the presidential election looming in November
Read MoreHe needs to do something to boost his electoral fortunes, with the presidential election looming in November
Read MoreAs the cost of pumping crude exceeds the selling price in most cases, production in many oil-producing countries is already taking a hit
Read MoreAs world demand declines thanks to the COVID-19 pandemic, oil countries struggle to control prices with production cuts
Read MoreFor four years, the U.S. has firmly rejected joining the producers’ club to curb output. It can’t remain aloof any longer
Read MoreWith demand and supply shock acting simultaneously, crude markets are imploding. And this is just the tip of the iceberg
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