President Donald Trump announces that his administration would soon release a plan to assist the local oil companies.
- The Treasury Secretary of the United States further suggested that the upcoming plan could include adding millions of oil barrels to the Strategic Petroleum Reserve.
- The United States Strategic Petroleum Reserve (or SPR) currently holds ~ 636 million barrels of crude and could further add ~ 79 million, with the existing capacity being 714 million.
- In the wake of COVID-19 outbreak the global fuel demand has dropped approx. by 30.0 million barrels per day or roughly by 30 per cent.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.