On Friday the 13th the USA’s President Donald Trump announced the USA’s new plan for the oil emergency. The adopted strategy is quite simple and consist in buying as many oil barrels as possible in order to enrich the SPR’s supply (Strategic Petroleum Reserve). What is the SPR? The SPR is the American reserve of
The tanker market is experiencing a deep crisis in recent days, the reduction in shipping is significant and day by day the situation gets worse. Everyday around the globe the 100 million barrels are consumed, with 14 million of these only in China. At the begging of the 2020, the IEA (Institute of Economic Affairs)
On the 5th and 6th March, the OPEC countries met to discuss the recent crash of the oil price. Unfortunately the meeting was not as positive as hoped and today the oil prices recorded an huge downward in the Asian market. This morning at the reopening of the Stock Exchanges the WTI oil price recorded
The tanker market is experiencing a deep crisis in recent days, the reduction in shipping is significant and day by day the situation gets worse. Everyday around the globe the 100 million barrels are consumed, with 14 million of these only in China. At the begging of the 2020, the IEA (Institute of Economic Affairs)