Glut, pandemic keep world oil market on edge
Producing countries strive to reduce output while tankers carrying millions of barrels of crude oil head for ports
Read MoreProducing countries strive to reduce output while tankers carrying millions of barrels of crude oil head for ports
Read MoreHe needs to do something to boost his electoral fortunes, with the presidential election looming in November
Read MoreAs the cost of pumping crude exceeds the selling price in most cases, production in many oil-producing countries is already taking a hit
Read MoreAs world demand declines thanks to the COVID-19 pandemic, oil countries struggle to control prices with production cuts
Read MoreFor four years, the U.S. has firmly rejected joining the producers’ club to curb output. It can’t remain aloof any longer
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