Oil - Page 19

FNC’s Cavuto: Biden Oil Remarks an ‘Unforced Error’

Thursday during Fox Business Network’s post-presidential debate coverage, Fox News host Neil Cavuto reacted to former Vice President Joe Biden, the Democratic presidential nominee, saying, “I would transition from the oil industry, yes.”

Cavuto

Egypt Threatens Invasion of Libya to Stop Turkey

Egyptian President Abdel-Fattah el-Sisi said this week that his government desires peace and stability in neighboring Libya, but might be prepared to intervene with military force to protect Egypt’s western border and thwart the ambitions of Turkey and its militia allies.

Egyptian President Abdel Fattah al-Sisi speaks at a press conference with German Chancello

Arab Gulf Economies Take Massive Hit with Oil Price Crash

BAGHDAD — Iraq is planning painful cuts in social benefits relied on by millions of government workers. Saudi Arabia will likely have to delay mega-projects. Egypt and Lebanon face a blow as their workers in the Gulf send back less of the much-needed dollars that help keep their fragile economies afloat.

AP Photo/Hasan Jamali

Spencer McGowan: Trump Should Tariff Saudi Arabia for Dumping Oil

President Donald Trump should impose tariffs on Saudi Arabia’s oil exports to the U.S. in response to the kingdom’s dumping of oil during record-low global prices of the commodity caused by coronavirus-related economic shutdowns, said Spencer McGowan, founder of McGowan Group Asset Management and host of NetWorth Radio.

energy

China Discovers 100 Million Tons of Oil on Uyghur Land

Chinese state media on Thursday announced the discovery of a massive oilfield in Tarim Basin, located in the Xinjiang Uyghur Autonomous Region, where millions of the local Muslims have been confined to concentration camps and “re-educated” to become better Communist subjects.

FILE - In this March 27, 2018 file photo, shows an oilfield controlled by a U.S-backed Kur