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OPEC And Russia Prepare For Long-Term Control Over Oil Market
OPEC And Russia Prepare For Long-Term Control Over Oil Market In a tight oil market reacting with price gains to concerns about supply shortages, the leaders of the OPEC and non-OPEC nations part of the production cut deal—Saudi Arabia and Russia—hinted last week that easing the cuts was an option that they had discussed and […]
Reuters: OPEC Production Falls To 13-Month Low
Reuters: OPEC Production Falls To 13-Month Low OPEC’s oil production dropped in May by 70,000 bpd to 32.00 million bpd on the back of outages in Nigeria and a continuous decline in Venezuela that dragged the cartel’s total production to the lowest level since April 2017, according to the monthly Reuters survey. The largest fall […]
Flip This Well: How Fracking Company CEOs Get Rich While Losing Billions
Flip This Well: How Fracking Company CEOs Get Rich While Losing Billions Last year the fracking company Halcón Resources announced a new strategy that was sold as the path to profits for the previously troubled shale oil and gas firm. The company had sold its stake in the Bakken oil fields in order to double down […]
Farmers Reeling From High Oil Prices
Farmers Reeling From High Oil Prices As the summer driving season approaches, drivers are already paying more for gasoline due to the oil price rally in recent months. But higher oil prices affect not only the gasoline bills of retail consumers. The higher price of oil is also pushing up diesel fuel prices as the […]
“Unusual Eruptions” At World’s Largest Active Geyser In Yellowstone Stoke “Supervolcano” Fears
“Unusual Eruptions” At World’s Largest Active Geyser In Yellowstone Stoke “Supervolcano” Fears One month after we reported that fears of an eruption at the Yellowstone supervolcano continue to grow following the first eruption of the world’s largest active geyser for the first time since 2014, overnight Reuters reported of continued “unusual eruptions” at the same […]
Goldman: Oil Demand Will Continue To Soar
Goldman: Oil Demand Will Continue To Soar Oil demand is growing, and production is falling. This is the message we have been receiving for a few weeks now with increasingly frequency, especially after OPEC’s leader Saudi Arabia admitted it would like oil prices even higher than US$70. Like a genie from a lamp, the market […]
Russia Warns Of ‘Precise And Painful’ Response To Any Future US Sanctions
Russia Warns Of ‘Precise And Painful’ Response To Any Future US Sanctions Russia is continuing to warn the West of further attacks against Russia. Whether it be in the form of missiles or sanctions, the former Soviet Union doesn’t seem like they wish to play “war games” any longer. The United States this month added […]
Russia Has “Irrefutable Evidence” UK Staged Syrian Chemical Attack
Russia Has “Irrefutable Evidence” UK Staged Syrian Chemical Attack As the blame game over the alleged chemical attack in Syria escalates ahead of what is expected to be an imminent, if contained, air strike campaign by the US, UK and/or France against Syria, on Friday morning, Russia’s foreign minister Sergey Lavrov said Moscow had “irrefutable […]
In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars
In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took […]
Top General Issues Urgent Warning Over US-China Collision Course in Africa
Top General Issues Urgent Warning Over US-China Collision Course in Africa (ANTIMEDIA Op-ed) Djibouti — China is the rising world power. This much is clear, but nowhere is that reality felt more than behind closed doors in Washington, D.C. The global hegemony of the United States is being challenged, and the contest is perfectly encapsulated in what’s happening now in the small […]
Mnuchin’s Wrong: Here’s Why Investors Should Be Very Worried About Inflation
Mnuchin’s Wrong: Here’s Why Investors Should Be Very Worried About Inflation Despite Treasury Secretary Steven Mnuchin’s bizarre insistence that there’s no connection between consumer-price inflation and rising energy prices and wages, these factors – plus a spate of others – are forcing some food companies to consider raising prices on goods from chicken to cereal, […]
“Communications Are Down”: Massive 7.5M Quake Cripples Papua New Guinea
“Communications Are Down”: Massive 7.5M Quake Cripples Papua New Guinea Several major oil and gas operators were forced to shutter operations on Monday after a powerful 7.5 magnitude earthquake rattled Papua New Guinea’s energy-rich interior, causing landslides and cutting off communications, per Reuters. The tremor hit in the rugged, heavily forested Southern Highlands about 350 […]
Russia Warns US To “Stop Playing With Fire” In Syria, Immediately Leave Area It Controls
Russia Warns US To “Stop Playing With Fire” In Syria, Immediately Leave Area It Controls Two weeks after a US B-52 strike killed scores of Russian mercenaries in Syria, which according to Bloomberg and Reuters were are as many as 200, while Russia said no more than 5 Russians were killed in the attack then […]
China, South Korea Vow Retaliation In Trump Trade War
China, South Korea Vow Retaliation In Trump Trade War When we reported earlier today that President Trump lobbed the first real shot in the global (but mostly Asian) trade war when the White House announced it would slap imported solar cells and washing machines with up to 50% tariffs – Trump’s most significant trade action […]
