The United States became a net oil exporter last week for the first time in almost 75 years, a significant step toward achieving “energy independence and dominance,” as promoted by President Donald Trump. The United States had been a net oil importer since 1949. In the last week of November, however, weekly U.S. net imports […]
How Poppy Bush’s Brother, “Uncle Bucky,” Made A Killing Off the Iraq Wars…
Back in 1991, shortly after the depleted uranium-flaked dust had settled some from the first Gulf War, there was a minor tempest in the press over influence peddling by members of the Presiden George H. W. Bush’s family, including his son Neil and his brother Prescott, Jr. Both Neil and Prescott, neither of whom had […]
Trump to Impose Oil Sanctions on Iran…
On Wednesday, President Trump decided to re-impose oil sanctions on the Islamic Republic of Iran saying that there is enough oil on the market to support global demand without Iran’s contribution. According to Trump, “there is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in […]
Brazil’s Corruption Fallout…
Corruption probes that began in 2014 have reached the highest levels of the Brazilian government and corporate elite, implicating President Michel Temer, former presidents, and dozens of cabinet officials and senators. Operacao Lava Jato (Operation Car Wash) and overlapping investigations have led to prison sentences for top executives and politicians, mass layoffs, and billions of […]
Saudi Arabia Halts Aramco Public Listing, Disbanding Advisers…
Saudi Arabia’s part flotation of its national oil company Aramco has been halted, sources told Reuters news agency, killing what would have been the largest stock listing in history. The reversal of a cornerstone of Crown Prince Mohammed bin Salman’s economic reform policy spells uncertainty for the rest of his programme, dubbed “Vision 2030”. Saudi […]
Trump Imposes First Round of Sanctions Against Iran Since Nuclear Deal Exit…
The Trump administration on Monday plans to reimpose the first round of sanctions against Iran since the U.S. withdrew from its nuclear agreement with the country earlier this year. Monday’s deadline marks the end of a 90-day “wind-down” period the administration provided to companies and individuals doing business with Iran after exiting the Joint Comprehensive […]
Rouhani: U.S. Not Trustworthy for Negotiations After Quitting Nuclear Deal…
Sanctions Worry German and EU Firms…
The Most Underappreciated Story in the Oil Market…
The world is currently watching the growing tensions in the Middle East, and oil market analysts are guesstimating just how much Iranian oil supply the renewed U.S. sanctions could stifle. Yet, the biggest story in oil markets this year may well take place far from the much-publicized tensions in the Middle East – namely China’s […]
Russia Is Taking over Syria’s Oil and Gas…
I[t] finally happened… In accordance with an energy cooperation framework agreement signed in late January, Russia will have exclusive rights to produce oil and gas in Syria. The agreement goes significantly beyond that, stipulating the modalities of the rehabilitation of damaged rigs and infrastructure, energy advisory support, and training a new generation of Syrian oilmen. […]
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