Kenya exported its first batch of oil. President Uhuru Kenyatta declared the shipment of 200,000 barrels of crude oil a special moment in Kenya's history and a turning point in its destiny.
Washington plans to impose a 25% import tax on various agricultural and industrial items imported from Europe. Olive oil producers in Andalusia worry about the economic future of the Spanish culinary gem.
The attacks on Saudi Arabia's oil production facilities could mean that a large chunk of its oil exports are sidelined for weeks. But the price spike that has followed may not last, as global demand has changed.
An expert on Saudi Arabia and the Middle East, Guido Steinberg explains to DW that the drone attacks on Saudi oil facilities last week were partly a manifestation of complex religious and historical forces.
It's been a turbulent few days on international markets for oil investors. Yet while Saudi Arabian supply may be restored quickly, the attacks have raised questions that may impact the price of oil in the longer term.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version