INSUBCONTINENT EXCLUSIVE:
Wednesday.According to Dan Eberhart, CEO of Canary, a Denver-based drilling-services company, it is definitely not a coincidence that the
The original agreement, however, quickly unraveled after then-President Donald Trump unilaterally withdrew from it in 2018 and reimposed
million barrels a day of Iranian oil exports that Western sanctions have throttled
This development, along with concerns about an economic recession, rising inflation, and weaker demand, has helped drive oil prices below
midterm elections in November
But Saudi leaders have resisted Biden's requests
That has left Iran as the only path to increase the amount of oil in the market
sanctions have hurt its ability to produce and export oil
Moscow must sell its barrels at a steep discount of $30 a barrel to find willing buyers in Asia as Europe turns its back on Russian energy
Moscow since its oil profit margins have shrunk substantially
The situation could become direr as the West discusses a price cap system for Russian oil to punish Moscow for its invasion of Ukraine
impact will it have if OPEC+ pares back production to keep prices from falling below $100? Any hope of sub-$90 oil for a prolonged period
