Crude oil prices were set to end the week with a third consecutive decline as worry about the effect of Trump’s tariffs and China’s retaliation to them dragged benchmarks down.
Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.
Curious Minds Corner
Which oil company was the first to drill an offshore oil well?
The first offshore oil well was drilled by the Superior Oil Company in 1938 off the coast of Louisiana, USA.