Well, we didn't have to wait long for 'John Wick: Chapter Portobello' to begin, did we? Brent crude spiked 4.5% before giving up around half of those gains as a further two oil tankers--one Norwegian, one Japanese--were attacked in the Straits
oil tanker and denies ordering 'torpedo' assault...IRAN has accused the US of lying about the "torpedo attack" on an American-linked oil tanker as tensions reach breaking point. US Secretary of State Mike Pompeo blamed Iran for the "blatant" a
Subsidies – Biggest subsidies are for not charging oil, gas, and coal for air pollution and environmental damage. Next biggest bucket is various forms of tax incentives.
Hours have passed since the suspected attacks, and still nobody has claimed responsibility. Iran's Foreign Minister Javad Zarif has noted how suspicious it is that a Japanese owned vessel would be attacked while Iranian leaders were meeting with the
A few weeks ago, OPEC+ was mulling the possibility of exiting the production cut agreement because the oil market was at risk of over-tightening. Now Saudi Arabia is scrambling to extend the cuts and may even unilaterally lower its own production fur
Oil prices are off more about 20 percent in the last two weeks on growing fears of a brewing economic recession. Commodities of all types have been hammered by the pessimism.
The head of Russian oil company Rosneft has not ruled out the possibility of paying for oil using cryptocurrencies in the future, according to a report by Snob.ru on June 6.
Historically speaking, when oil and gold trade in the way they are currently, it signals "doom" for the markets or an impending recession.
His lawyer suggests if the price is too high, he may be willing to take his friend, former president of Mexico, down with him...
Big Middle East wars are often catastrophic for global oil supplies. This makes sense. The Middle East accounts for more than 40% of global oil exports. So a big conflict in the Middle East often triggers a big spike in the price of oil.
At a moment the Persian Gulf is heating up given the highest tensions and exchange of threats in years between the US and Iran, Tehran is running the high risk gambit of restarting its crude transfers to Syria.
In terms of oil and gas, post-Soviet nations are currently undergoing a consolidation phase that slowly brings back former partners that have fallen out in 2014-2016.
"Hypersaline brine" is industrial waste-water with salt levels that exceed even that of seawater.
After what national security adviser John Bolton called "a number of troubling and escalatory indications and warnings," the U.S. government said Sunday that it was deploying the USS Abraham Lincoln carrier strike group and a bomber task force to the
Iran has warned that OPEC might "collapse" due to the "unilateral actions" by some of its members, in a clear jab at Saudi Arabia.
Officials say territory 'not a bad situation'
When a CIA-backed military coup is attempted by a long term CIA puppet, roared on by John Bolton and backed with the offer ofBlackwater mercenaries, in the country with the world's largest oil reserves, I have no difficulty whatsoever in knowing wh
On Friday, April 26, 2019, the market was stunned with a much stronger than expected 3.2% rate of first-quarter economic growth. Wall Street expectations were clearly off the mark, ranging from 1.3-2.3%. The media took this as a sign the economy is r
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 th
The deep irony of the tragic Syria war is that after seven years of massive bloodshed, as the government has emerged victorious, it is only now with relative stability and ensuing calm over most of the country that an "economic siege" has hit the pop
US expects China to stop buying oil by May 1
Update 3: Oil prices have erased their earlier gains and fallen below a key technical level after a State Department official revealed that the wind-down period for removing the waivers on Iranian crude exports would be a year.
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...
In a sharp reversal of longstanding US policy which recognizes only the UN-backed Government of National Accord (GNA) in Tripoli as the legitimate authority over Libya...
After a mixed picture of America's inflationary outlook from CPI and PPI, import prices were expected to shrink year-over-year for the fourth month in a row in March.
The middle projection is for the US to reach 15 million barrels per day of oil production. This would be more than Saudi Arabia and Iraq combined.
The United States have become the leading world producer of hydrocarbons. As from now, they are using their dominant position exclusively to maximise their profits, and do not hesitate to eliminate their major rivals in oil production, plunging their
After topping $60 a barrel - the highest since Nov 2018 - oil prices slid Thursday morning after President Trump tweeted his latest plea for OPEC to increase oil production, saying that "oil markets are fragile...and the price of oil is getting too h
Move over, Saudi Arabia. America is about to steal the kingdom's energy exporting crown.
Brent is creeping back up towards the high-$60s per barrel, prompting a scolding of OPEC by President Trump via tweet earlier this week.