Oil price for 1 barrel

Greg Hands makes Putin jibe at SNP over oil and gas Sign up for our news briefing, including a daily special Russia-Ukraine edition SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Oil prices rose by almost three percent as markets prepare to open on Wednesday. Brent Crude future rose by a total of $3.08 (£2.58) to $105.85 (£88.60) per barrel despite plunging by as much as 9.5 percent on Tuesday. Related articles Ukraine: Horror as Putin official found in 'pool of blood' Kamala Harris mocked after speaking in front of spelling gaffe Yesterday's drop is said to have been the biggest daily drop since March. However, it was last up 92 cents (77 pence), or 0.9 percent, at $103.69 (£86.79) a barrel at 2.43am. US … [Read more...] about Oil price surge: Brent Crude bounces back in ‘reset’ amid return of supply concerns

For the first time in 75 years, the United States exported more oil than it imported, carrying out a pledge from President Trump that America can achieve “energy independence.” While the U.S. has been a net oil importer since 1949, over the final week of November, U.S. net imports of crude oil and petroleum products fell to minus 211,000 barrels per day (bpd) — which means America exported more than it imported, according to data from U.S. Energy Information and Administration. Oil production has been booming in the U.S. as the shale revolution swept the nation. America is now the world’s largest producer of petroleum, passing Russia and Saudi Arabia. As the U.S. oil boom spread, the power of OPEC was reduced and gas prices in the U.S. have dropped from the $4+ highs under former president Barack Obama. Net imports peaked in 2005, topping 14 million bpd, but in the last few months, the U.S. has imported an average of 2 million bpd. U.S. production has more than doubled since 2012 … [Read more...] about GOOD TRUMP: U.S. Ends Reliance On Foreign Oil For First Time In 75 Years | The Daily Wire

Last minute negotiations by President Trump secured a 23-nation agreement to cut global oil production and potentially revive a struggling U.S. oil industry. The United States has pushed Russia and Saudi Arabia for weeks to end a price war that, along with the coronavirus pandemic, drove global oil prices to an 18-year low at the end of March. The deal is the largest oil production cut ever negotiated, equaling about 10 million barrels of oil a day, or 13% of global oil production, according to The Wall Street Journal . Trump touted the agreement of OPEC+, supported by the 13-member Organization of the Petroleum Exporting Countries and 10 other nations, on Sunday. “The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!” Trump tweeted. The big Oil Deal with … [Read more...] about Trump Touts ‘Hundreds Of Thousands’ Of Jobs Saved With OPEC+ Oil Deal | The Daily Wire

We are now several months into the conflict with Russia. I say “we” because we are all pretending here in the West that the real war is between Russia and Ukraine but (nod nod wink wink) if we clandestinely, in some sense, provide full support to Ukraine then maybe the Russians, foolish and backward as they are won’t notice and we can simultaneously pretend that we aren’t flirting with the prospect of a long, arduous and inconceivably destructive war. I want to say at the outside that I think what Putin has done is unconscionable; God only knows what the impact will be, as all four of the horsemen of the apocalypse are on the march again. I think that the collusion of the leadership of the Russian Orthodox Church is even more unforgivable. Be that as it may, I also believe that the attempt to deeply understand the motive forces for this war, as it is very difficult to set things right (let alone avoid a similar future catastrophe—or even to stop this conflict from spreading) in the … [Read more...] about PETERSON: Russia Vs. Ukraine Or Civil War In The West? | The Daily Wire