Can frying crude oil make money?

At present, both Saudi Arabia and Russia have plans for OPEC and allies to increase production to limit the rise in oil prices. After meeting with Saudi Energy Minister Falih last night, Russian Energy Minister Novak said that the two countries support th

The U.S. dollar index continued to climb on Wednesday and once set a five-month high to 98. However, the dovishness of the minutes of the Fed’s meeting narrowed the U.S. index’s gains. The minutes of the Feds May monetary policy meeting showed that Fed o…

This is not a temporary downturn in Canadian WCS crude oil prices, but has been going on for four months. Since mid-July, the price of WCS crude oil has been declining, from more than US$40 per barrel, first falling below US$0 per barrel, and then falling

In fact, oil prices that are too high or too low are not good news for the long-term development of major oil-producing countries. Too low oil prices may put huge pressure on the fiscal revenues of countries that rely on crude oil exports, while excessive

Although the worries about excess crude oil inventories have disappeared, the market must be wary of new risks arising in the crude oil market in the future, among which U.S. oil production is the biggest worry. Since the beginning of this year, the Unite