Oil

Oil Climbs, Gold Hits 7 Year Record Amid US-Iran Tensions Over Assassinated Quds Commander

Monday, January 6, 2020
By Paul Martin

SputnikNews.com 06.01.2020 Already tense relations between the US and Iran hit a new low following a series of events which began two weeks ago with an attack on an American military outpost in northern Iraq, and culminated Friday morning with the US assassination of a top Iranian military commander on Iraqi soil. Gold, palladium... »

Dollar Rejection is Why America Ramped Up Oil and Gas Production – Rob Kirby…”I think where we are headed is a pretty dark place.”

Sunday, September 29, 2019
By Paul Martin

By Greg Hunter USAWatchdog.com September 29, 2019 Macroeconomic analyst Rob Kirby thinks the dollar shortage and liquidity crisis has something to do with the booming oil and natural gas industry. Kirby points out, “America is producing an awful lot of energy, but they are not making money doing it. What is it that would... »

Iran drone attack on Saudi oil facilities should concern Americans: What happens when “opposing forces” in the U.S. attack American facilities the same way?

Thursday, September 19, 2019
By Paul Martin

by: JD Heyes NaturalNews.com Wednesday, September 18, 2019 As of this writing, the Trump administration has blamed Iran for the drone and cruise missile attack against a major Saudi Arabian oil refinery, though not “officially.” What’s more, the administration has yet to decide how it will handle the attack if, in fact, Iran is... »

UAE: OPEC Can Fill Saudi Oil Supply Gap If Necessary

Monday, September 16, 2019
By Paul Martin

By Tsvetana Paraskova OilPrice.com Sep 16, 2019 OPEC has sufficient spare capacity to respond to supply shortages after this weekend’s attacks on oil infrastructure that took more than half of Saudi Arabia’s oil production offline, Suhail Al Mazrouei, the energy minister of the United Arab Emirates (UAE), said on Monday. On Saturday, the Abqaiq... »

BACKGROUND ON SAUDI ARABIA REFINERY ATTACK-WHAT YOU NEED TO KNOW-IT’S MORE DANGEROUS&PERILOUS THAN WE CAN EVEN FATHOM!

Monday, September 16, 2019
By Paul Martin

SteveQuayle.com Sep 16, 2019 1 USA and Saudi Arabia have a mutual defense treaty which states if one or the other is attacked that attacked country can demand help to fight the agression 2 most of the oil products east of the Mississippi River the refineries use Saudi crude oil. Saudi crude output is... »

If You Think The Price Of Oil Is Skyrocketing Now, Just Wait Until The War Starts…

Monday, September 16, 2019
By Paul Martin

by Michael Snyder TheEconomicCollapseBlog.com September 15, 2019 In the aftermath of the most dramatic attack on Saudi oil facilities that we have ever seen, the price of oil has exploded higher. The Wall Street Journal is calling this attack “the Big One”, and President Trump appears to be indicating that some sort of military... »

Iran seizes another tank in Straits of Hormuz for ‘smuggling fuel’ amid escalating tensions over drone strike on Saudi Arabian oil plant

Monday, September 16, 2019
By Paul Martin

Oil tanker was detained near to Iran’s Greater Tunb island on the Persian Gulf The crew have reportedly been ‘handed over to legal authorities’ and arrested It comes after a weekend drone strike on a major oil installation in Saudi Arabia By FAITH RIDLER DAILYMAIL.COM 16 September 2019 Iran has seized another vessel near... »

Could Be “Weeks” Before Aramco Restores Full Production Capacity As Specter Of $100 Oil Looms

Sunday, September 15, 2019
By Paul Martin

by Tyler Durden ZeroHedge.com Sun, 09/15/2019 With the Saudis now racing to restore full oil production to normal levels as one Sunday morning headline noted, the industry is bracing for a potential significant delay in production — given rumors the fires at the facilities struck in the early hours of Saturday may not be... »

Saudi’s oil supply to the world could be cut in HALF as production of FIVE MILLION barrels is disrupted after Iran-backed militants launched drone strike on two processing plants as tensions reach boiling point following tanker attacks

Saturday, September 14, 2019
By Paul Martin

Drone attacks sparked fires at Aramco oil facilities in eastern Saudi Arabia today Attacks took place at 4:00am at world’s largest oil processing plant Abqaiq The Saudi interior ministry said the fires have now been brought under control Iran-backed Houthis claimed responsibility for attacks in Buqyaq and Khurais Sources said oil production was affected;... »

Bankruptcy Filings Rise Among US Energy Producers, Report

Sunday, August 18, 2019
By Paul Martin

by Tyler Durden ZeroHedge.com Sun, 08/18/2019 According to a new report from law firm Haynes and Boone LLP, bankruptcies in the upstream sector are increasing this year as energy spot prices remain subdued amid a cyclical downshift in the economy. So far, 26 exploration and production (E&P) firms have filed for bankruptcy through mid-August,... »

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