Rashid Husain Syed - Calgary's Business

Glut, pandemic keep world oil market on edge

Posted by Rashid Husain Syed | May 4, 2020

Producing countries strive to reduce output while tankers carrying millions of barrels of crude oil head for ports

Posted by Rashid Husain Syed | Apr 27, 2020

He needs to do something to boost his electoral fortunes, with the presidential election looming in November

Posted by Rashid Husain Syed | Apr 20, 2020

As the cost of pumping crude exceeds the selling price in most cases, production in many oil-producing countries is already taking a hit

Posted by Rashid Husain Syed | Apr 12, 2020

As world demand declines thanks to the COVID-19 pandemic, oil countries struggle to control prices with production cuts

Posted by Rashid Husain Syed | Apr 8, 2020

For four years, the U.S. has firmly rejected joining the producers’ club to curb output. It can’t remain aloof any longer