It’s no secret that oil prices are at some of the lowest values we’ve seen in years. But for one oil buyer from North Dakota, the commodity is so worthless, that it is requiring sellers […]
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Tag: Crude Oil
Russia Is Now China’s Biggest Crude Oil Supplier
Russia is strengthening its ties with China through oil diplomacy, surpassing Saudi Arabia to become the country’s top crude oil supplier. In November China imported 949,925 barrels of Russian crude oil per day (bpd) compared […]
Crude Oil Theft Becoming Rampant As Oil Industry Faces Downturn
Theft of crude oil has skyrocketed since dropping oil prices and demand for oil have dropped, resulting in the oil industry’s biggest slow down in generations. Energy Security Council executive director John Chamberlain says that […]