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The LNG Market Is “Imploding”
The LNG Market Is “Imploding” While everyone is understandably watching the meltdown in the crude oil market, the global market for natural gas is also cratering. At least 20 cargoes of U.S. liquefied natural gas (LNG) have been cancelled by buyers in Asia and Europe, according to Reuters. The global pandemic and the unfolding economic crisis […]
FIRST SHALE OIL DOMINO TO FALL: More to Follow
FIRST SHALE OIL DOMINO TO FALL: More to Follow In a stunning news release, Continental Resources, the largest shale producer in the Bakken, is shutting in most of its production in the region. That is one hell of a lot of output to shut-in as Continental Resources was producing over 200,000 barrels per day in […]
World Is “Sleepwalking Into Surveillance State” As COVID-19 Crackdowns Escalate
World Is “Sleepwalking Into Surveillance State” As COVID-19 Crackdowns Escalate All across the world, starting with China, the COVID-19 pandemic has allowed for the proliferation of the surveillance state. More than 100 rights groups are warning that governments and corporations are partnering as a collaborative force to employ big data and increase widespread surveillance that […]
MSCI Warns US Stocks Could Fall Another 11% As Coronavirus Outbreak Worsens
MSCI Warns US Stocks Could Fall Another 11% As Coronavirus Outbreak Worsens Shortly before US stocks suffered another triple-digit point drop at the open – dampening the cheers of traders and pundits who gleefully celebrated stocks going positive for the week on Wednesday – MSCI warned on Thursday that another double-digit drop could be in store […]
Chinese Firms Ask For Billions In Loans Amid Virus Outbreak
Chinese Firms Ask For Billions In Loans Amid Virus Outbreak In response to the economic paralysis brought about by the coronavirus, Chinese banks are offering billions of dollars in loans to Chinese companies, according to two banking sources via Reuters. About 300 Chinese firms, including top food delivery company Meituan Dianping and smartphone maker Xiaomi, have […]
IEA: The Oil Glut Is Going Nowhere
IEA: The Oil Glut Is Going Nowhere Global oil markets will remain well supplied this year, with a possible overhang of some 1 million bpd, the head of the International Energy Agency, Fatih Bitol, told Reuters.close [x]ReplayUnmuteLoaded: 0%Progress: 0%Remaining Time -0:00CaptionsFullscreen “Non-OPEC production is very strong. We still expect production coming from, not just United States, but also […]
Russia Air Launches Hypersonic Missile In Arctic As Tensions Surge
Russia Air Launches Hypersonic Missile In Arctic As Tensions Surge Reuters is reporting that Russian state-owned TASS is making big claims this weekend that a Russian military jet has air-launched a hypersonic missile in the Arctic. TASS cites several Russian military sources, who said a Mikoyan MiG-31 interceptor jet air-launched a Kinjal (Dagger) hypersonic missile over […]
A New Kind of Tyranny: The Global State’s War on Those Who Speak Truth to Power
A New Kind of Tyranny: The Global State’s War on Those Who Speak Truth to Power “What happens to Julian Assange and to Chelsea Manning is meant to intimidate us, to frighten us into silence. By defending Julian Assange, we defend our most sacred rights. Speak up now or wake up one morning to the silence […]
“Panic Mode” Run On Lebanon’s Banks Feared After 7-Day Closure Amid Protests
“Panic Mode” Run On Lebanon’s Banks Feared After 7-Day Closure Amid Protests Banks across Lebanon have been shuttered now for a seventh consecutive day, with the country’s banking association saying banks would remain closed Friday over “safety concerns” as massive anti-corruption protests have brought multiple cities to a standstill, which began a week ago. Reuters reports that banking operations have been “limited to […]
Japan Braces For Typhoon Hagibis Could Be Strongest In Decades A powerful typhoon is headed for Japan this weekend, threatening to cripple Tokyo with the most torrential rains and winds in nearly six decades, reported Reuters. In a statement Friday morning, meteorologist and owner of Empire Weather, Ed Vallee, said Typhoon Hagibis is expected to hit the […]
Bank Crisis Hits India: “Bank Stops Functioning, People Crying Outside Bank Branches”
Bank Crisis Hits India: “Bank Stops Functioning, People Crying Outside Bank Branches” The Punjab Maharashtra Co-operative Bank (PMC), in India, has been caught cooking the books and misreporting non-preforming loans (NPL) of Mumbai-based real estate developer Housing Development and Infrastructure Ltd (HDIL). As Reuters reports, PMC hid the bad loans with 21,000 fictitious accounts, which has spooked depositors, […]
Poland: Zero Emissions Is A Trillion-Dollar Fantasy
Poland: Zero Emissions Is A Trillion-Dollar Fantasy Reducing emissions in Poland to zero will cost the country between $760 and $980 billion (700-900 billion euro), said Energy Minister Krzysztof Tchorzewski, as quoted by Reuters. “Of course, these costs would obviously be spread over years. But I treat it as a fantasy when someone says that Poland is […]
US Unveils Seizure Warrant For Iran’s Grace 1 Tanker
US Unveils Seizure Warrant For Iran’s Grace 1 Tanker Apparently the month long saga of the Grace-1 is not at all over, and may now seriously escalate even after it was set free from custody. Just as the Iranian supertanker was released from custody off Gibraltar and is preparing to make its way into the Mediterranean, a seizure warrant filed […]
Chernobyl-Style Cover Up? Run On Iodine Pills After “Isotope Powered” Rocket Explosion In Russia
Chernobyl-Style Cover Up? Run On Iodine Pills After “Isotope Powered” Rocket Explosion In Russia Is Russia in the process of covering up a nuclear accident after a confirmed spike in radiation levels in the aftermath of a reported rocket engine explosion at a northern testing facility Thursday? Authorities confirmed the accident involved an “isotope power source for a liquid-fuelled rocket engine”. Russia’s state nuclear […]
“We’re Already Starting To Ration Our Corn” – Perfect Storm Could Send Spot Prices Higher
“We’re Already Starting To Ration Our Corn” – Perfect Storm Could Send Spot Prices Higher Corn is extensively used to feed livestock, but the surge in spot prices has forced US farmers to search elsewhere for low-cost substitutes, reported Reuters. The persistent wet weather that swamped the Midwest this spring is now reducing corn yields. More recently, […]
