Here’s What Oil Traders Are Doing To Profit From Ultra-Low Oil Prices

Some of the world’s major oil traders are looking to take advantage of the abnormally low oil prices, Reuters reported on Friday, citing shipping sources, as WTI falls below $22 per barrel, and Brent sinks to sub $28 per barrel. Traders—of which Vitol is one—have booked at least five very large crude carriers (VLCCs) over the past day, in order to store ...

Source: Oilprice.com

The Cheapest Way For Trump To Save U.S. Oil

The President of the United States has the power, at his sole discretion without any other authority, to place a fee on imported oil or products. It becomes variable when a base price (floor price) is set and a fee is paid on any imports where the price on imports is below the base price. If the base price for ...

Source: Oilprice.com