A businessman has admitted his part in an international corruption conspiracy following a criminal investigation into alleged bribery in the energy industry. Basil Al Jarah, 70, from Hull, pleaded guilty to five counts of conspiring to give corrupt payments to public officials to secure commercial contracts in Iraq at Southwark crown court, London. It is […]
U.S. Oil Output Tops 12 Million Barrels a Day for First Time…
U.S. crude output soared to new heights in April, highlighting OPEC’s dilemma just days before the producer group meets amid growing geopolitical threats. A government report on Friday showed U.S. production grew 2.1% in April to 12.16 million barrels a day. Booming shale production from places like the Permian basin of West Texas have enabled […]
Oil Just Had Its Worst Run Since 2008…
Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the supply and demand picture is also beginning to look more negative. The EIA report was exceptionally weak, showing a strong build in crude oil (+6.8 million barrels), gasoline (+3.2 million […]
Oil Falls 4 Percent as Trump Allows Some Countries to Import More Iranian Oil…
Oil prices fell close to 4 percent to their lowest in more than two months on May 30 as the administration of President Donald Trump said it’s allowing several countries to import some more Iranian oil without triggering U.S. sanctions. Upon the news, Brent Crude, the leading oil futures index, fell about $2.6, or about […]
America’s Oil Boom – Sharyl Attkisson…
We begin with an amazing American economic story you probably haven’t heard much about. Quietly and without much fanfare, the U.S. has become the world’s largest producer of crude oil… defying many predictions. And the impact goes way beyond our oil fields. It’s a big stick that can be used to influence international policy. The […]
Rope Tightens: U.S. Orders Foreign Firms to Further Cut Down on Oil Trades with Venezuela…
The United States has instructed oil trading houses and refiners around the world to further cut dealings with Venezuela or face sanctions themselves, even if the trades are not prohibited by published U.S. sanctions, three sources familiar with the matter said Reuters Agencies. The move comes as Washington’s efforts to oust President Nicolas Maduro in […]
Syria Says U.S. Should Give Israel ‘South Carolina’ Instead of Golan Heights, ‘It’s the land of Senator Lindsey Graham’…
Syria’s envoy to the United Nations suggested that the United States offer Israel land that Washington actually had jurisdiction over rather than the occupied Golan Heights. Bashar al-Jaafari, Syria’s permanent representative to the United Nations, made the remarks at a Security Council session organized Thursday at his country’s request in the wake of President Donald […]
Is There Really More Oil in the Golan Heights Than in Saudi Arabia? Who’s Genie Oil?…
QUESTION: Mr. Armstrong I live in Israel and today I listened to your podcast with Macrovoices. At some point you mentioned that there is more oil in Golan heights than in Saudi Arabia -and this oil belongs to genie energy. Is it true? How can it be that nobody knew nothing about this in Israel? […]
The Real Reason Western Media & CIA Want Saudi’s Mohammed bin Salman Removed…
Forces are aligning against Saudi Arabia’s Crown Prince, lead by elements within the CIA and strong players in the mainstream media. But what is really behind this deterioration in relationship, and what are its implications? Following the brutal murder of Washington Post columnist Jamal Khashoggi, western media and various entities, including the CIA, appear to […]
Saudi Arabia to Cut Oil Exports by 1 Million Bpd Next Month…
Saudi Arabia could reduce its daily crude oil shipments abroad by as much as 1 million barrels next month, Reuters reports, quoting unnamed sources close to Riyadh. According to them, the move would be motivated by weaker demand due to seasonal patterns in consumption and Saudi Arabia’s commitment to the new production cut agreed last […]
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