Oil

US Gulf Oil Production Grinds To A Halt As Cindy Makes Landfall

Thursday, June 22, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 22, 2017 Update: *STORM CINDY HAS 16% OF GULF OF MEXICO OIL OUTPUT SHUT IN: BSEE * * * Tropical Storm Cindy made landfall along the Gulf Coast Thursday as meteorologists called for a third day of heavy rains and viciously fast winds in the region. Cindy – the... »

Israel Exposed for Secretly Paying Syrian ‘Rebels’ to Protect Rothschild, Murdoch Oil

Wednesday, June 21, 2017
By Paul Martin

Syrian rebels now claim to have been receiving logistical and other support directly from Israel for years and the motive is perfectly clear. By Claire Bernish TheFreeThoughtProject.com June 21, 2017 Syria has devolved into a morass of civil conflict, proxy wars, and an ostensive international effort to quash thriving terrorist groups, but one revelation... »

Trump Blamed For Slumping Gasoline Demand As Illegal Immigrants Stay Home

Wednesday, June 21, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 21, 2017 At a time of year when gasoline demand should be soaring and inventories tumbling, neither is happening and economists, policy-makers, and politicians are perplexed. However, Barclays Capital has an idea – it’s because undocumented immigrants are scared to get behind the wheel. Gasoline demand is puking when... »

PetroDollar System In Trouble As Saudi Arabia Continues To Liquidate Foreign Exchange Reserves

Sunday, June 18, 2017
By Paul Martin

By: Steve St. Angelo, SRSrocco Report GoldSeek.com Sunday, 18 June 2017 The U.S. PetroDollar system is in serious trouble as the Middle East’s largest oil producer continues to suffer as the low oil price devastates its financial bottom line. Saudi Arabia, the key player in the PetroDollar system, continues to liquidate its foreign exchange... »

“That Must Not Happen”: Germany Threatens US With Retaliation Over New Russia Sanctions

Friday, June 16, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 16, 2017 One day after the Senate almost unanimously passed a bill to impose new sanctions on Russia, an unexpected outcry against the US decision emerged from two of America’s closest allies, Germany and Austria, who yesterday slammed the new sanctions and accused the U.S. of having ulterior motives... »

Cuba Scrambles As Venezuela’s Oil Industry Collapses

Thursday, June 15, 2017
By Paul Martin

by Haley Zarumba via OilPrice.com, ZeroHedge.com Jun 14, 2017 As Venezuela’s oil industry goes down it flames, it’s looking like it may just take Cuba down with it. Venezuela, once the crude powerhouse of South and Central America, is no longer able to produce enough oil to sustain its own economy, much less those... »

Retail Sales Tumble Most Since January 2016 As Gasoline, Electronics Sales Slump

Wednesday, June 14, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 14, 2017 This is not supposed to happen… Headline retail sales tumbled 0.3% MoM in May, the biggest drop since January 2016 (and all the weather-related malarkey that was blamed on). Core retail sales also dropped the same… The Rest…HERE Share on Facebook »

Houston Resorts To Selling Off City Streets To Try And Close $100 Million Budget Shortfall

Tuesday, June 13, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 13, 2017 With the US shale industry producing at near-record levels as oil prices languish around $50 a barrel, cities in oil-dependent states like Texas are resorting to increasingly creative means to compensate for the shortfall left by falling energy revenues, including selling off public assets, like Houston just... »

Oil Prices Suffer First ‘Death Cross’ Since 2014 Collapse

Tuesday, June 13, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 13, 2017 For the first time since September 2014, after which oil prices collapsed almost 75%, Brent and WTI Crude futures both just flashed a ‘death cross’ signal as the 50-day moving-average crossed below the 200-day moving-average. The crossover is typically seen a loss of short-term momentum and last... »

“Forget Terrorism”: The Real Reason Behind The Qatar Crisis Is Natural Gas

Tuesday, June 6, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jun 6, 2017 According to the official narrative, the reason for the latest Gulf crisis in which a coalition of Saudi-led states cut off diplomatic and economic ties with Qatar, is because – to everyone’s “stunned amazement” – Qatar was funding terrorists, and after Trump’s recent visit to Saudi Arabia... »

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