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Mexico’s Oil Crisis Deepens
Mexico’s Oil Crisis Deepens Mexico’s state oil company Pemex said it produced an average 1.76 million bpd of crude in October, down 7 percent from October last year, Reuters reports, citing data released by the company. This is also one of the lowest monthly production rates since 1990 when records began. The decline was attributed to […]
China Ambassador Warns Of “Dire Consequences” If No Deal, Hints At “All Out” War
China Ambassador Warns Of “Dire Consequences” If No Deal, Hints At “All Out” War Earlier today, Trump’s chief economic advisor Larry Kudlow poured cold water on expectations for an imminent resolution of the US-China trade war when he said that negotiations in the run up to this week’s G-20 talks “haven’t yielded any progress”, and unless something […]
“It Will Be A Cold War”: APEC Summit Ends In Unprecedented Chaos After Dramatic US-China Showdown
“It Will Be A Cold War”: APEC Summit Ends In Unprecedented Chaos After Dramatic US-China Showdown One day after vice president Mike Pence and China’s president Xi Jinping clashed after exchanging sharply worded barbs in a showdown between the two superpowers, on Sunday the annual Asia-Pacific Economic Cooperation summit ended in unprecedented chaos and disarray, […]
Trump Claims Victory As Oil Prices Plummet
Trump Claims Victory As Oil Prices Plummet Oil prices are now down over 20 percent from recent highs, and President Trump knows exactly where the credit for that belongs. “If you look at oil prices they’ve come down very substantially over the last couple of months,” President Trump said in a news conference last week. […]
China Is Helping Governments of the World Build Their Own Surveillance State
China Is Helping Governments of the World Build Their Own Surveillance State Everywhere we look the influence of the Chinese government and their totalitarian surveillance methods can be seen. Go ahead and search “China surveillance” (Pro-tip: Use DuckDuckGo or an alternative search engine!) and watch how many articles pop up regarding the growing digital dystopia […]
Bank of England refuses to return 14 tonnes of gold to Venezuela
Bank of England refuses to return 14 tonnes of gold to Venezuela The Bank of England claims to be one of the largest physical gold custodians in the world, holding gold bars in vault storage on behalf of more than 70 central banks and a number of commercial (bullion) banks. As a long-standing and well-known […]
Ebola Outbreak “Worst In Congo’s History” As Hundreds Dead; Risk Of Spread To Uganda “Very High”
Ebola Outbreak “Worst In Congo’s History” As Hundreds Dead; Risk Of Spread To Uganda “Very High” The most recent Ebola outbreak spreading through the Democratic Republic of Congo is now the worst in the country’s history, with 209 dead and 333 confirmed or probable cases, according to the DRC’s health ministry. According to The Express, efforts to contain […]
“Flashpoint For War”: U.S. And Japan Plan Military Response To Chinese Incursions Of Disputed Islands
“Flashpoint For War”: U.S. And Japan Plan Military Response To Chinese Incursions Of Disputed Islands Things are again rapidly heating up in the East China Sea amidst already heightened tensions in a region where Washington is increasingly asserting the right of navigation in international waters against broad Chinese claims and seeking to defend the territorial […]
US Threatens SWIFT With Sanctions If Iran Isn’t Cut Off
US Threatens SWIFT With Sanctions If Iran Isn’t Cut Off Treasury Secretary Steven Mnuchin threatened the global financial messaging service SWIFT on Friday that it could be penalized if it doesn’t cut off financial services to entities and individuals doing business with Iran. The warning came just days ahead of the US re-imposition of all […]
Big Oil Walking A Tightrope As Prices Rise
Big Oil Walking A Tightrope As Prices Rise Supermajors have had a great year so far, and their third-quarter results, to be released over the next couple of weeks, are likely to strengthen this impression. But this does not necessarily mean that investors will reward them. Investors have become a lot more careful in the […]
US Is Negotiating With SWIFT To Disconnect Iran From Network
US Is Negotiating With SWIFT To Disconnect Iran From Network Treasury Secretary Steven Mnuchin said that unlike Obama’s 2013 Iran blockade, it would be harder for countries to get waivers on Iran oil sanctions as the US is already working on disconnecting Iran from the SWIFT network and dismissed concerns that oil prices could rise, […]
In Latest Provocation To Beijing, US Plans New Warship Passage Through Taiwan Strait
In Latest Provocation To Beijing, US Plans New Warship Passage Through Taiwan Strait In Washington’s latest attempt to provoke Beijing, the United States is planning to send warships through the Taiwan Strait according to Reuters, a mission meant to ensure “free passage” through the strategic waterway and which will further heighten political tensions with China. […]
Weekly Commentary: Moscovici and the National Team
Weekly Commentary: Moscovici and the National Team From the perspective of monitoring an unfolding global crisis, things turned only more concerning this week. The Shanghai Composite declined to 2,450 in early Friday trading, the low since November 2014 – and down almost 26% y-t-d. Across the globe in Europe, Italian 10-year yields jumped to 3.80% […]
“All-Out War” Coming: Record Number Of Israeli Tanks Amassed On Gaza Border
“All-Out War” Coming: Record Number Of Israeli Tanks Amassed On Gaza Border After months of violence and widespread protests along the Israeli-Gaza border fence, Israeli is quickly ramping up its military presence with a show of force a day after launching deadly airstrikes on Gaza in response to what officials say were two rockets fired […]
