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Why The Saudis Are Still Dominating Oil Markets

Why The Saudis Are Still Dominating Oil Markets Saudi Arabia is still clearly in control of the oil market. The narrative that decisively took hold over the oil market in August was one of cracks in emerging market demand, concerns over the health of the global economy and fears over the fallout from the U.S.-China […]

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The Geopolitics of Energy

The Geopolitics of Energy Some brief notes on the situation around the world with respect to the influence that energy has on political developments. 1. The Middle East The Middle East continues to play a major role in the global energy scene. Notwithstanding changes that have occurred in the political situation of many countries in […]

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MSM Finally Concedes Defeat On Yemen, Ceases Blackout Of Coverage

MSM Finally Concedes Defeat On Yemen, Ceases Blackout Of Coverage Last month, an article by Fair.org went viral in republications by popular alternative media outlets ranging from Salon to Zero Hedge to Alternet to Truthdig, among many others. The article was initially titled “ACTION ALERT: It’s Been Over a Year Since MSNBC Has Mentioned US War in Yemen”, […]

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Iran and the Doomsday Machine

Iran and the Doomsday Machine In Stanley Kubrick’s masterpiece, “Dr. Strangelove”, any mention of the Doomsday Machine was verboten. However, back in May 2018 the intrepid Pepe Escobar, who tends to ignore verboten warnings, presented some raw reality: It’s also no secret among Persian Gulf traders that in the – hopefully unlikely – event of […]

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Blowout Week 241

Blowout Week 241 This week’s lead story features YouTube, which is fighting what it considers to be the misinformation  on videos posted by global warming dissenters with fact-checking boxes (inset), with the data sourced from Wikipedia. We continue with Saudi Arabia’s oil production – is it up or down?; the Saudi/Canada standoff; US LNG and […]

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Canada Frees Itself From Saudi Oil Imports

Canada Frees Itself From Saudi Oil Imports The ongoing political row between Canada and Saudi Arabia over Ottawa’s demand that the kingdom release detained women’s rights activists in the country is picking up momentum. Earlier this week, Saudi Arabia ordered the Canadian ambassador to leave Saudi Arabia “within 24 hours” after his country criticized the […]

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“What They Did Was Unacceptable”: Saudis To Dump Canadian Assets “No Matter The Cost”

“What They Did Was Unacceptable”: Saudis To Dump Canadian Assets “No Matter The Cost” Update 2: Saudi foreign minister Adel Al-Jubeir has made a new statement – attempting to talk back The Kingdom’s rhetoric somewhat (or perhaps avoid sending its Canadian asset prices tumbling into a firesale). “What Canada did was unacceptable. Canada committed a […]

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Why Saudi Oil Production Suddenly Dropped

Why Saudi Oil Production Suddenly Dropped As if oil market participants haven’t had enough conflicting market forces to digest over the past week, reports that Saudi Arabia’s crude oil production surprisingly dropped in July by around 200,000 bpd from June further confounded the market and sent oil prices rising on Monday. Last week, several surveys […]

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Diplomatic Feud Goes “Nuclear”: Saudis Start Dumping Canadian Assets “No Matter The Cost”

Diplomatic Feud Goes “Nuclear”: Saudis Start Dumping Canadian Assets “No Matter The Cost” The Saudis have escalated their fury towards Trudeau’s “progressive” propaganda. Having expelled the Canadian ambassador, froze new trade and investment with the G7 member, suspended a student exchange programme and halted Saudi Arabian Airlines flights to Canada, the Saudis are stepping up […]

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Saudi retreat on oil IPO highlights dearth of reliable information on world oil reserves

Saudi retreat on oil IPO highlights dearth of reliable information on world oil reserves Since late 2016 the financial media has been abuzz about what would likely be the biggest initial public offering (IPO) ever: The sale of 5 percent of the world’s largest oil company, Saudi Aramco, which is wholly owned by the government […]

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The Madness Gripping Washington

The Madness Gripping Washington The United States and Israel have been threatening Iran for something like twenty years, using the pretext that it was developing a nuclear weapon initially, but also more recently declaring that Tehran has become a threat to the entire Middle East. Both contentions are essentially lies, concocted by an Israel and […]

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Saudi oil shipment halt: A potential watershed in the Yemen war

Saudi oil shipment halt: A potential watershed in the Yemen war A spike in oil prices as a result of a temporary halt in shipments through the strategic Bab el Mandeb strait may be short-lived, but the impact on Yemen’s three-year-old forgotten war is likely to put the devastating conflict on the front burner. The […]

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The Saudi and American Way

The Saudi and American Way The U.S.-Saudi-UAE “Operation Restoring Hope” has become their plan to bomb the food-supply route that the residents in the Shiite Houthi area of Yemen rely upon in order to receive food, and thereby for the U.S.-Saudi-UAE alliance to win their war against the Houthis — who are Shiites — and to take full […]

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Oil Jumps After Saudis Say August Exports To Slide

Oil Jumps After Saudis Say August Exports To Slide Trump is about to have another OPEC twitter meltdown. With oil sliding in recent days on a combination of greater inventory builds and production increases both in the US and in places like Libya and Canada, moments ago WTI jumped as much as 1.6% after it […]

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Spare Capacity: The Biggest Mystery In Oil Markets

Spare Capacity: The Biggest Mystery In Oil Markets With around 2.5 million barrels per day (mb/d) of Iranian supply targeted by the Trump administration, how will the oil market cope with the losses? Is there enough supply capacity to make up for the shortfall? There is a great deal of debate about the true extent […]

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