Oil

“This Is Terrible For PDVSA”: Conoco Begins Confiscating Venezuela Oil Assets, Infuriating China

Monday, May 7, 2018
By Paul Martin

by Tyler Durden ZeroHedge.com Mon, 05/07/2018 While there is an increasingly more overt trade war being waged between China and the US, a more covert – and arguably important – contest between the two superpowers is currently being fought for spheres of influence, most notably in Africa, which is now largely a Chinese colony,... »

Another Step Towards Collapse of Petrodollar

Monday, May 7, 2018
By Paul Martin

THEDAILYCOIN.ORG MAY 7, 2018 Ken Schortgen, Jr., The Daily Economist, recently penned an article about Nigeria approving a currency swap agreement with China, stating, “It has been a little more than a month since China officially began offering oil futures contracts denominated in the Yuan currency, but early results continue to be positive for... »

Ex-Venezuela Oil Boss: PDVSA Is Collapsing

Monday, May 7, 2018
By Paul Martin

by Tsvetana Paraskova via OilPrice.com, ZeroHedge.com Mon, 05/07/2018 The man who ran Venezuela’s state oil company PDVSA for a decade after 2004 says that the country’s oil firm is on the cusp of total collapse and expects oil production to drop by 600,000 bpd each year amid lack of investment. Rafael Ramirez, who has... »

Oil reaches 3.5-year highs as Iran uncertainty pushes prices up

Monday, May 7, 2018
By Paul Martin

RT.com 7 May, 2018 Crude surged to the highest level since November 2014 over fears that the United States could pull out of the Iranian nuclear pact. If the deal is scrapped, Iranian oil exports are at risk. Brent crude oil touched $75.89 a barrel, while the US West Texas Intermediate reached $70.52. The... »

Arctic About-Face: Oil-Opposing Alaska Natives Now Lead Charge To ‘Drill, Baby, Drill’

Monday, May 7, 2018
By Paul Martin

by Tim Bradner via Platts’ Oil Barrel blog, ZeroHedge.com Mon, 05/07/2018 For years indigenous people living in small villages along Alaska’s Arctic coast fiercely fought offshore drilling. Now they want a piece of the action. When Shell first showed up in 2007 with a fleet of drillships and support vessels, and parked them in... »

Eight Geopolitical Risks That Could Send Oil Prices Surging

Friday, May 4, 2018
By Paul Martin

by Tsvetana Paraskova via OilPrice.com, ZeroHedge.com Fri, 05/04/2018 The geopolitical risk premium has taken center stage as one of the key drivers of oil prices in recent months, often trumping fundamentals to send prices soaring on concerns about where the next sudden oil supply disruption would come from. In recent weeks, a perfect storm... »

Catastrophic Cyberattacks Threaten Big Oil

Wednesday, May 2, 2018
By Paul Martin

by Irina Slav via OilPrice.com, ZeroHedge.com Wed, 05/02/2018 There are over a million oil and gas wells in the United States. There are also several hundred thousand miles of pipelines. Digitization is on the rise in the notoriously conservative oil and gas industry as companies wake up to the cost and operational efficiency boost... »

OIL WARNING: Trump’s decision on Iran nuclear deal could push up prices

Thursday, April 26, 2018
By Paul Martin

THE US pulling out of the Iran nuclear deal and US sanction being placed on the Middle East state would see oil prices rising as well as 250,000 to 350,000 barrels of Iranian crude oil being put at risk, a top strategist has warned. By DARIUS MCQUAID Express.co.uk Thu, Apr 26, 2018 Ehsan Khoman,... »

10 Year Treasury Yield Hits 3% (Here’s What This Means for your Wallet)

Wednesday, April 25, 2018
By Paul Martin

by M. K. Matthews TheOrganicPrepper.com April 25, 2018 The ten year U.S. Treasury Bonds rose above 3% for the first time since January 2011. The main reason is speculation that the Fed will seek an increasingly aggressive rise in interest rates. Yields rose as Fed officials talk of raising interest rates four times this... »

Here’s Why Gas Prices Are Skyrocketing Right Now

Monday, April 23, 2018
By Paul Martin

by M. K. Matthews TheOrganicPrepper.com April 23, 2018 Global economy and geopolitics are underpinning the oil price surge and gas prices are going up. Who recalls the oil embargo of 1973? That was when the Arab-dominated Organization of Petroleum Exporting Countries (OPEC) announced they were cutting oil exports to the United States and other... »

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