US oil companies to slash spending amid Saudi-Russian trade war

  • 📰 The Independent
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 59%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The US government buying petroleum is unlikely to assuage US oil prices, unless Saudi Arabia or Russia also scale back production

“Commodity markets have their ups and downs,” he said, with an audible sigh. “You've got to be an optimist.”But if the price of oil doesn't get back above $35 , which it passed heading downward this week, he said, “we would see significant impacts. It's a very serious matter to us.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 80. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines