US Sabotage of the JCPOA is Supports US Oil Production

Oil exporting countries are smiling all the way to the bank these days, except Iran. The price of Brent crude oil touched $75.89 a barrel, while the US West Texas Intermediate reached $70.52. The Chinese also experience a similar rise, where yuan-traded Shanghai futures surged to an all-time high in US dollars at $72.54 on…

Oil Politics are Still the Order of the Day

Data shows that that the US is continuing to manipulate world oil prices in an effort to hinder oil producing countries, not in line with US foreign policy. As of Friday, the price of crude oil dropped 2 percent as the US has boosted domestic oil production by 1 percent. Meanwhile, Organization of the Petroleum…