Even if the U.S. government will install an outright ban on Saudi oil, it won’t make much of a difference considering the huge demand destruction and filling storage tanks Desperate times call for desperate measures. After helping broker a new OPEC+ production cut deal which the oil market shrugged off, the Trump Administration is looking into various ways to help struggling U.S. oil producers and lift plunging WTI Crude prices. One of the ideas that has been circulating for weeks, including via proposals from Republican Senators, is to have the U.S. Admiration stop the flow of crude oil from Saudi Arabia. The highest number of Saudi oil shipments in years are making their way to the United States this month, threatening to make an already dire situation in the U.S. oil industry even worse. Asked if he would consider stopping Saudi oil shipments currently en route to the United […]