When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
USAI - Oil: Everything That Has Happened So Far Indicates The Price War Won't Last
American Energy Independence
Welcome to the it won't last edition of Oil Markets Daily!
Whether it's the senators stepping in to tell President Trump that oil prices are too low or Trump now acknowledging that low oil prices are hurting shale producers, the price war won't last from even the Saudi or Russia angle either.
We did a deep dive into Rosneft's (RNFTF) financials. Rosneft accounts for 40% of Russia's oil production. In 2019, it generated the following figures at $63/bbl Urals: