Oil
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
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
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,... »
Epstein Documents Hit; Accuser Says Trump ‘Didn’t Partake In Any Sex With Any Of Us’
by Tyler Durden ZeroHedge.com Fri, 08/09/2019 The US Court of Appeals for the Second Circuit has ordered the partial release of what is expected to be approximately 2,000 pages of documents related to convicted pedophile sex offender Jeffrey Epstein. Note: What's been released today isn't the entire tranche that the Second Circuit ordered unsealed... »
Iran’s Military Vows Attack On All Regional US Bases If War Starts
by Tyler Durden ZeroHedge.com Wed, 07/24/2019 Iran has again rejected the prospect of new negotiations with the White House “under any circumstances,” according to an interview with Supreme Leader Ayotallah Ali Khamenei’s Military Adviser Hossein Dehghan, cited in Al Jazeera. The Islamic Republic’s top military adviser further warned Iran and its regional allies will... »
War Drums: Europe Readies A Naval Task Force As Iran Threatens To “Secure” The Strait Of Hormuz
by Michael Snyder TheEconomicCollapseBlog.com July 23, 2019 It is funny – for decades we have never had any problems with commercial ships passing through the Persian Gulf, but all of a sudden it has become a major flashpoint. As you will see below, the Iranians are now warning that they plan to “secure” the... »
Iran Releases First Footage Of Seized Oil Tanker
by Tyler Durden ZeroHedge.com Sat, 07/20/2019 Iran has released the first images of the detained British flagged oil tanker Stena Impero after its Islamic Revolutionary Guard Corps (IRGC) announced its seizure Friday in retaliation for the UK’s prior capture of the ‘Grace 1’ off Gibraltar earlier this month. #BREAKING #Iran’s ISNA releases the first... »
Persian Gulf Conflict Could Send Oil Beyond $325
by Vincent Lauerman via OilPrice.com, ZeroHedge.com Mon, 07/08/2019 The possibility of Iran attempting to close the Strait of Hormuz to tanker traffic has increased significantly in recent weeks, as has the possibility of a Persian Gulf War, especially with the Islamic Republics’ intentional destruction of a U.S. surveillance drone on June 20. This act... »
Potential Cost Of US War With Iran: $250 Oil & Another Afghanistan
by Mikhail Khodarenok, ZeroHedge.com Wed, 06/26/2019 Iran’s downing of a US military surveillance drone last week predictably led to another flare-up in tense relations between Tehran and Washington. What could be the implications of a potential conflict between the two nations? Right after the Global Hawk UAV was shot down, the New York Times... »
“War On Tankers” To Exact A High Price For White House & Global Economy
by Elijah Magnier ZeroHedge.com Sun, 06/16/2019 Japanese Prime Minister Abe Shinzo conveyed a message from US President Donald Trump to the Iranian leadership, asking the release of 5 US prisoners and inviting Iran to sit around a negotiation table, adding “he would be ready to suspend all sanctions only during the negotiations”.... »
Japanese Tanker Owner Denies Ship Hit By Mine, Says Crew Saw “Flying Objects” Before Attack
by Tyler Durden ZeroHedge.com Fri, 06/14/2019 For a moment on Thursday, it appeared that the US Navy had produced the ‘smoking gun’ to which Secretary of State Mike Pompeo had alluded during his statement from earlier in the day: CENTCOM footage which the Navy said purported to show Iran’s IRGC ‘caught in the act’... »
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