Saudis Consider All Options Amid Oil Price Slide

Last week, oil prices were in free fall, but all it took was a simple rumor to halt the meltdown. WTI was just a whisker away from sub-$50 territory, and Brent had already fallen into the high $50s. But on August 7, Bloomberg reported that Saudi Arabia was considering deeper action to rescue oil prices. …

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Texas Crude Is Fetching Better Prices

Several major oil pipelines connecting West Texas to the Gulf Coast are set to come online in the next few weeks and months, allowing more Permian oil to hit the global market. One result of the onset of new midstream capacity is to erase part of the price difference between Brent and West Texas Intermediate …

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Trump Pushes Venezuela To The Brink

The Trump administration has taken its regime change campaign in Venezuela to the next level, initiating a new set of sanctions that some analysts liken to a total economic embargo of the country. On Monday, President Trump signed an executive order freezing all government assets and implementing a total ban on transactions with the government. …

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