President Donald Trump attacked China on Thursday following reports that Chinese ships transferred oil to North Korean vessels at sea in violation of U.N. sanctions over the North’s nuclear weapons program. Trump said on Twitter that China had been “Caught RED HANDED,” adding he was “very disappointed that China is allowing oil to go into […]
US plans to keep oil cheap after OPEC power play
OPEC’s plan to cut production and support prices is likely to be undone by increased output in the U.S., the International Energy Agency predicted Wednesday. If correct, that could keep a lid on oil and energy prices as a glut of supply grows despite the efforts of countries in the OPEC cartel and allies like […]
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