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Mid-East Massacre: Qatar Crashes, Saudi Stocks Plunge Most Since Black Monday
Mid-East Massacre: Qatar Crashes, Saudi Stocks Plunge Most Since Black Monday Broad middle-east and african stock markets crashed over 5%, erasing any gains back to November 2008 as the carnage from last week continues. From Kuwait (-4.3%) to Qatar (-8%) it was a bloodbath as Saudi Arabia Tadawul Index plunged 5.4% – the most since Black Monday (now down […]
Iran Seizes 2 US Navy Boats, Crewmen
Iran Seizes 2 US Navy Boats, Crewmen Tensions were already running high between Tehran and Washington in the wake of Iran’s move to test-fire a next generation surface-to-surface ballistic missile with the range to hit Israel. And then the IRGC conducted a live-fire rocket test within 1,500 yards of a US aircraft carrier in the […]
NATO Is Harboring ISIS, And Here’s The Evidence
NATO Is Harboring ISIS, And Here’s The Evidence For the better part of a year, Turkey remained on the sidelines in the “fight” against ISIS. Then, on July 20, a powerful explosion ripped through the town of Suruc. 33 people were killed including a number of Socialist Party of the Oppressed (ESP) and Socialist Youth Associations Federation […]
Kuwait “Over-Supply” Concerns Send WTI Tumbling Back To $42 Handle
Kuwait “Over-Supply” Concerns Send WTI Tumbling Back To $42 Handle Reversing all of yesterday’s FOMC-inspired idiocy, WTI has plunged back to reality this morning. Following comments by Kuwait’s comments that OPEC had no choice but to keep production steady, refocusing the market on global oversupply, April WTI is back down to a $42 handle. All of […]
Iran will weather oil price slide, Saudi Arabia will suffer – Rouhani
Iran will weather oil price slide, Saudi Arabia will suffer – Rouhani Iranian President Hassan Rouhani said Tuesday that Iran can cope with the economic turmoil of falling oil prices, adding that Saudi Arabia and Kuwait will be harder hit. Rouhani said that while oil now only accounts for one-third of Tehran’s budget, some of […]
Oil Producers Betting on Price Drop With OPEC Not Curbing Output
Oil Producers Betting on Price Drop With OPEC Not Curbing Output The oil industry was listening as OPEC talked down crude prices to a more than five-year low. Drillers, refiners and other merchants increasedbets on lower prices to the most in three years in the week ended Jan. 6, government data show. Producers idled the most […]
Crude Crash Set To Continue After Arab Emirates Hint $40 Oil Coming Next | Zero Hedge
Crude Crash Set To Continue After Arab Emirates Hint $40 Oil Coming Next | Zero Hedge. In space, no one can hear you scream… unless you happen to be Venezuela’s (soon to be former) leader Nicolas Maduro, who has been doing a lot of screaming this morningfollowing news that UAE’s Energy Minister Suhail Al-Mazrouei said OPEC […]
There Are 300,000 Iraqi Barrels Signaling Oil Glut Will Deepen – Bloomberg
There Are 300,000 Iraqi Barrels Signaling Oil Glut Will Deepen – Bloomberg. Not only is OPEC refraining from cutting oil output to stem the five-month plunge in prices, it’s adding to the supply glut. Just five days after the Organization of Petroleum Exporting Countries decided to maintain production levels, Iraq, the group’s second-biggest member, inked […]
