FOX BIZ NEWS: Oil prices rally as producers tackle supply glut


Oil prices rally as producers tackle supply glut



Output cuts, if all sides live up to the agreement, will end the price war between Russia and Saudi Arabia and eliminate 20 million crude barrels a day from a market that has been overwhelmed with supply.

Comments

Post a Comment

Popular posts from this blog

FOX BIZ NEWS: Phantom Space startup announces world's first 100% US-based satellite supply chain after acquiring StratSpace

Image
Phantom Space startup announces world's first 100% US-based satellite supply chain after acquiring StratSpace The race is on to democratize the rocket-launch industry, and Phantom Space Corp., a roughly two-year-old startup, continued its warp-speed flight toward that goal Tuesday, announcing the acquisition of StratSpace, a major U.S. aerospace firm.
Read more