It's called the Shanghai Cooperation Organisation… and the head choppers just joined. Long-term readers will recall we suggested as much two years ago. Well… tada!
Iran's navy seizes US-bound oil tanker 'Advantage Sweet' in international waters in Gulf of Oman - FIFTH vessel they've hijacked in two years
The US Navy announced Thursday that Iranian commandos have seized a Marshall Islands-flagged oil tanker in the Gulf of Oman off Iran's coast. The statement emphasized that the seizure happened in international waters.
U.S. gasoline prices rose for the third week in a row, rising $.076 per gallon from a week ago to $3.65 per gallon yesterday, new GasBuddy data showed, reaching the highest level since November 2022.
Future historians may say that the most significant event of 2023 had nothing to do with Donald Trump, other 2024 presidential candidates, or even the war in Ukraine.
Biden unveils strictest emissions rule to date in bid to FORCE Americans to switch to electric cars: Staggering new climate plan could mean battery-powered vehicles and trucks make up TWO-THIRDS of sales by 2032
In the wake of recent bank failures and now carefully muted headlines, credit is tightening behind the curtains, and that's a bad sign.
Every Wednesday and Sunday morning I record a private podcast for my patrons. I cover gold, silver, oil, the Dow Jones and Bitcoin at a minimum. This past Sunday I mentioned during my oil commentary I thought the six-month long weakness in oil was ov
Fresh on the heels of an announced oil cut by Russia, OPEC follows up with cuts across the board.
Government creates problems – and then takes credit for "solving" them.
In "Huge" Chinese Push By Aramco, World's Biggest Oil Producer Will Build $10BN Petrochemical Complex, Buy 10% Stake In Top Chinese Refinery
Only two weeks after Saudi Arabia announced an effort to establish diplomatic ties to Iran in a deal mediated by China, more news surfaced that Saudi Arabia was also planning to reopen its embassy in Syria for the first time in over a decade.
Well this is a little awkward...
A Tweet on the price of oil caught my eye. Here is my chart in response.
Gasoline prices are affected by a variety of factors, including global oil supply and demand, government policies, and market competition.
India has refused to jump in with the US/NATO war on Russia, which is partly being fought with energy sanctions.
As another embargo looms, the grey trade is about to explode
While British people can't afford to warm their own homes in winter some Scottish wind turbines are being rotated and de-iced with warmth from diesel generators which also leaked some 4,000L of diesel.
Heading into 2023, Goldman was bearish on most asset classes, except commodities where the bank forecast a 43% gain as "supply shortages bite."
On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. "There are no issues with discussing how we settle our trade arrangements, whether it is in
Some oil and natural gas well sites are good locations for economically extracting lithium from produced water, according to observers of the nascent sub-sector of the oil and gas industry.
It is easy for anyone to say that they are against fossil fuels. Opposition to coal, oil and natural gas is fashionable and will prompt heads to nod and even hands to applaud in most places.
Bet you didn't know you can produce clothing from coal.
He might actually be right, but the world is still expected to be using a lot of oil even by the middle of the century.
Interviewed Tuesday at Bloomberg, Saudi Arabia Finance Minister Mohammed Al-Jadaan indicated that Saudi Arabia would be open to conducting trade, including involving oil, in various currencies -- mentioning in particular the euro and the Saudi riyal
During a visit to Saudi Arabia last month, Xi Jinping pledged to ramp up efforts to promote the use of the yuan in energy deals.
Are We at Risk of Running out of Diesel Fuel?
...in global oil trade … the dominoes begin to fall on the US empire
"...dusk for the petrodollar... and dawn for the petroyuan."
Credit Suisse's Zoltan Pozsar: the de-dollarization of the global oil industry is in full swing–even if we can't see the final end game from here