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China Regulators Complete Final ‘Drill’ In Preparation For Petro-Yuan Futures Trading
China Regulators Complete Final ‘Drill’ In Preparation For Petro-Yuan Futures Trading Amid all the chatter of Venezuela and Russia potentially creating oil-backed cryptocurrencies, the “huge news” of China’s launch of the Petro-Yuan has fallen off the front page… until now. This week saw the Shanghai Futures Exchange complete its fifth yuan-back oil futures contract trading […]
Is Oil About to Collapse?
Is Oil About to Collapse? US producers simply don’t play along with OPEC and Russia. By Martin Tiller, Oil & Energy Insider: WTI really does look like it is about to collapse. Let’s be clear, I am not necessarily talking about a return to the sub-$30 of the beginning of 2016 here, but a return to the […]
The Fight for Northern Iraq’s remaining oil
The Fight for Northern Iraq’s remaining oil Fig 1: Iraqi crude exports by SOMO The above graph shows Iraqi crude oil exports by the SOMO oil marketing company. Until March 2014 Kirkuk crude from North Oil Company (Avana and Baba domes and Bai Hassan fields) was flowing through the Iraq-Turkey pipeline (ITP) Kirkuk – Baiji […]
Mideast Turmoil: Follow the Oil, Follow the Money
Mideast Turmoil: Follow the Oil, Follow the Money In this scenario, time is running out for Saudi Arabia’s free-spending royalty and state– and for all the other free-spending oil exporters. While there are numerous dynamics at work in the turmoil roiling Saudi Arabia and by extension, the Mideast, one way to cut to the chase […]
If The Saudi Arabia Situation Doesn’t Worry You, You’re Not Paying Attention
If The Saudi Arabia Situation Doesn’t Worry You, You’re Not Paying Attention A key geopolitical axis is swiftly shifting While turbulent during the best of times, gigantic waves of change are now sweeping across the Middle East. The magnitude is such that the impact on the global price of oil, as well as world markets, […]
“End Of Oil” Narratives Are Misleading
“End Of Oil” Narratives Are Misleading The world isn’t reinventing the wheel. But we are changing how it turns, who it carries and where it’s going. Over the next few decades we’ll be plugging in more cars, hailing and sharing them, and reminiscing about the good ol’ days of the steering wheel. To be sure, […]
Satellite Images Reveal Saudis May Be Lying How Much Oil They Have In Storage
Satellite Images Reveal Saudis May Be Lying How Much Oil They Have In Storage A little over a year ago, specialized satellite imaging company Orbital Insight which uses its proprietary imaging and algorithms to track above-ground oil storage, confirmed something we had alleged earlier in the year: that China was vastly under-representing the amount of […]
The Secret Reason Trump Is So Cozy With Saudi Arabia
The Secret Reason Trump Is So Cozy With Saudi Arabia As a candidate, Donald Trump used uncommonly harsh language to criticize Saudi Arabia—the world’s largest oil exporter. He called the Saudi regime the world’s biggest funder of terrorism. He also said the Saudi government uses “our petro dollars—our very own money—to fund the terrorists that […]
How Broke is the House of Saud?
How Broke is the House of Saud? Salvador Dalí The oecumenial council 1960Trying to figure out what on earth is happening in the Middle East appears to have gotten a lot harder. Perhaps (because) it’s become more dangerous too. There are so many players, and connections between players, involved now that even making one of […]
Oil Jumps To $56, Highest Since July 2015 On Saudi Turmoil, Venezuela Default
Oil Jumps To $56, Highest Since July 2015 On Saudi Turmoil, Venezuela Default With the launch of electronic trading, WTI crude has jumped from the highest close since July 2015 amid Saudi turmoil which over the weekend included a crackdown on 11 Saudi princes – including billionaire Alwaleed – and dozens of current and former […]
Will The Third Great Energy Revolution End The Oil & Gas Industry?
Will The Third Great Energy Revolution End The Oil & Gas Industry? The history of crude oil and natural gas is a history of technological innovation. Until recently the innovation supported crude oil and natural gas. Now, it challenges it, causing structural changes in the crude oil and natural gas markets. Originally, crude oil was […]
A New Oil Crisis Is Developing In The Middle East
A New Oil Crisis Is Developing In The Middle East After over 40 years in the energy business, more than two decades of that with a parallel career in intelligence, I regularly witness the impact of global developments on the energy markets. So it’s hardly surprising that I often address geopolitical events here. Currently, situations […]
Washington Is Destroying American Power
Washington Is Destroying American Power Readers at home and around the world want to know what to make of the announcement that China henceforth will conduct oil purchases and sales in gold-backed Chinese currency. Is this an attack by Russia and China on the US dollar? Will the dollar weaken and collapse from being […]
OPEC Boosts Oil Demand Estimates, Admits Oil Prices Can’t Rise Above $55
OPEC Boosts Oil Demand Estimates, Admits Oil Prices Can’t Rise Above $55 In its latest OPEC Monthly Oil Market Report (October) the oil cartel has increased its oil demand estimates for 2017, 2018 on strengthening world economy, and weaker outlook for supplies from its rivals. Specifically, OPEC forecasts that based on the current global oil […]
