Browsing: Crude Oil

How ExxonMobil navigates price volatility, climate change, and geopolitical risks.

Changes in supply and demand, geopolitical risks, and currency fluctuations cause the oil price volatility.

Oil could trade between $75 – $80 per barrel in the absence of Iranian oil supply.

Will the $1.9 trillion stimulus package trigger a further bubble in the stock market?

Sharp decline in crude oil price was caused by demand shock from COVID-19 virus. Russia and Saudi Arabia decision to increase production create supply shock which made the oil price fell even further. Saudi Aramco still generate $340 Million per day economic profit at $30 per barrel.