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The US Has Placed Itself In Charge Over Which Nations Get To Eat
The US Has Placed Itself In Charge Over Which Nations Get To Eat Listen to a reading of this article: ❖ The globally influential propaganda multiplier news agencies AP and AFP have both informed their readers that a “fugitive” has been extradited to the United States. “Fugitive businessman close to Venezuela’s Maduro extradited to US,” reads the AFP headline. “Alex Saab, […]
Oil Erases All Saudi-Attack Gains After Iran Sanctions Report
Oil Erases All Saudi-Attack Gains After Iran Sanctions Report Already helped by reports of a partial Saudi cease-fire with Yemen, oil prices have legged lower – erasing all the price gains since the Saudi-attack – on the back on a Reuters report saying that US offered to remove all Iranian sanctions in exchange for talks. That’s not […]
Russia Urges “Independence” From “Imposed World Order” Of US Financial System
Russia Urges “Independence” From “Imposed World Order” Of US Financial System Following Russia signalling last week, its willingness to join the controversial payments channel Instex – designed to circumvent both SWIFT as well as US sanctions banning trade with Iran – new statements from Russian Deputy Foreign Minister Sergei Ryabkov called on the international community to free itself from […]
Ceasefire On The Rocks? Trump Sanctions Chinese Firm For Importing Iranian Crude
Ceasefire On The Rocks? Trump Sanctions Chinese Firm For Importing Iranian Crude A huge escalatory step in the US-led economic war on Tehran and its global oil exports, and amid continued trade tensions with Beijing: the US State Department said Monday the US will impose new sanctions against a Chinese company for transporting Iranian crude in contravention […]
Trump To Unleash Hell On Europe: EU Announces Channel To Circumvent SWIFT And Iran Sanctions Is Now Operational
Trump To Unleash Hell On Europe: EU Announces Channel To Circumvent SWIFT And Iran Sanctions Is Now Operational With the world waiting for the first headlines from the Trump-Xi meeting, the most important and unexpected news of the day hit moments ago, when Europe announced that the special trade channel, Instex, that will allow European firms […]
US Threatens Europe With “Loss Of Access To US Financial System” Over SWIFT-Evading Iran SPV
US Threatens Europe With “Loss Of Access To US Financial System” Over SWIFT-Evading Iran SPV It’s going from bad to worse for Europe, whose currency had just hit session lows after Brussels confirmed that Italy faces a massive fine over its debt, when the Euro was hit with a double whammy after Bloomberg reported that the Trump […]
$1 Billion In Iranian Crude Is Stranded At A Chinese Port
$1 Billion In Iranian Crude Is Stranded At A Chinese Port It’s no secret that Beijing has chafed at American audacity to try and dictate whom Chinese refineries can and can’t buy oil from. And in the latest example of just how aggravating the decision to end waivers for Iranian crude imports has been for […]
PATRICK LAWRENCE: The US Moves on Iran’s Oil Market as an Expression of an Irrational Foreign Policy
PATRICK LAWRENCE: The US Moves on Iran’s Oil Market as an Expression of an Irrational Foreign Policy Patrick Lawrence gauges the backfiring potential of Pompeo’s withdrawal on Thursday of U.S. sanction waivers from eight major importers. A Decisive Defeat in Long-Running Battle with Foreign Policy Minders Secretary of State Mike Pompeo’s announcement last week that […]
Saudi Arabia Will Cap The Oil Price Rally
Saudi Arabia Will Cap The Oil Price Rally The US said on Monday that it won’t extend the sanctions waivers for eight countries importing crude oil from Iran. The move could remove around 1.1 million barrels per day from the market. Although Rystad Energy anticipated a further tightening of sanctions, the details in the announcement […]
Saudi Oil Minister: We Won’t Ramp Up Oil Production Soon
Saudi Oil Minister: We Won’t Ramp Up Oil Production Soon Saudi Arabia plans to stay within the limits of its ceiling under the OPEC+ production cut deal in May and will certainly not rush to ramp up production, although it would respond to customer needs if they want more oil, Saudi Energy Minister Khalid al-Falih said on […]
Iran Threatens To Close Strait Of Hormuz If US Blocks Its Oil Exports
Iran Threatens To Close Strait Of Hormuz If US Blocks Its Oil Exports With oil surging to a six month high after a now confirmed report that Trump will not reissue Iranian oil export waivers after they expire on May 2, removing up to 1 million barrels from the market… … Tehran has gone on the offensive and on […]
Reuters: OPEC’s Oil Production Drops To Lowest Since 2015
Reuters: OPEC’s Oil Production Drops To Lowest Since 2015 OPEC’s oil production in March 2019 fell to its lowest level since February 2015, as Saudi Arabia cut more than it had pledged under the output cut deal and Venezuela continued to struggle amid U.S. sanctions and a major blackout, the monthly Reuters survey showed on Monday. The […]
Response to US global bullying: Iran, India ditch dollar to continue trading oil despite sanctions
Response to US global bullying: Iran, India ditch dollar to continue trading oil despite sanctions © Getty Images In an effort to circumvent US-imposed sanctions, India and Iran have reportedly ditched the US dollar and are trading oil in rupees. The reason becomes clear after considering the dynamics at play in the region. In mid-February […]
All-Time Low Spare Capacity Could Send Oil To $150
All-Time Low Spare Capacity Could Send Oil To $150 While the oil market and analysts are trying to guesstimate how much Iranian oil the U.S. sanctions will stifle later this year, they all agree that the return of the sanctions is the market’s key bullish driver as well as the largest ‘known unknown’ for oil […]
