The price of WTI (West Texas Intermediate) crude oil for June delivery has dropped below $7 per barrel due to weak demand amid continued restrictive measures aimed at containing the COVID-19 pandemic. As of 18:08 GMT, June futures for WTI crude were trading down 51.1 percent at $9.99 per barrel, ...
US President Donald Trump said he has instructed departments of treasury and energy to devise a plan aimed at funding oil and gas industry in the country. “We will never let the great US Oil & Gas Industry down. I have instructed the Secretary of Energy and Secretary of the ...