Oil
Western oil supplies could be jeopardized if Strait of Hormuz becomes unsafe, tanker union claims
SputnikNews.com 13 Jun, 2019 Crude shipments designated for the West could be in danger, the International Association of Independent Tanker Owners (INTERTANKO) has warned after what Iran described as suspicious attacks on oil tankers in the Strait of Hormuz. “We need to remember that some 30% of the world’s (seaborne) crude oil passes through... »
‘Suspicious doesn’t begin to describe what happened’: Iran’s FM on tanker ‘attacks’ in Gulf of Oman
RT.com 13 Jun, 2019 Iran’s foreign minister has labeled the reported attack on two “Japan-related” oil tankers in the Gulf of Oman as “suspicious,” occurring just as Japanese Prime Minister Abe came to Tehran for major talks. Expressing his misgivings on Twitter, Javad Zarif noted that the incidents on the two vessels on Thursday,... »
World War 3: How Gulf of Oman attack risks Saudi fury as Iran tensions boil over
OIL tankers sailing from Saudi Arabia have reportedly been hit by a torpedo in the Gulf of Oman as tensions continued to rise between Iran and the Gulf States – heightening the possibility of regional conflict in the Middle East. By KUMAIL JAFFER Express.co.uk Thu, Jun 13, 2019 The US says they aren’t ruling... »
False Flag? Iran Has Little To Gain From Oman Tanker Attacks
by Tyler Durden ZeroHedge.com Thu, 06/13/2019 Gulf of Tonkin 2.0? Regardless of whether Iran is responsible for damage to vessels in the Sea of Oman, Bloomberg’s Julian Lee explains, it will still get the blame – and suffer the fallout. Two ships with one stone: Saudis get i) higher oil price ii) US to... »
2 Tankers Damaged After Torpedo Attack Near Strait Of Hormuz; Oil Soars
by Tyler Durden ZeroHedge.com Thu, 06/13/2019 Update 3: Managers at the companies that own the tankers have weighed in on Thursday’s attacks. The manager of the Kokuka Courageous described the incident as a “hostile attack,” and DHT Holdings and Heidmar, the owners of the two tankers, have suspended new bookings to the Gulf. *... »
WARNING: “Buckle up, folks” – Only 3 Times In History Where Gold Surged While Oil Plunged!
KingWorldNews.com June 04, 2019 Today a warning was issued to the financial world: “Buckle up, folks,” because there have only been 3 other times in history where gold surged while oil plunged. “Buckle Up Folks” June 4 (King World News) – Otavio Costa from Crescat Capital: “Only three other times in history precious metals... »
Explosive-laden drones attack oil pipelines in Saudi Arabia in ‘act of terrorism’: Iran-backed Yemen rebels target global oil supply two days after sabotage of tankers off UAE coast amid looming conflict in the Middle East
Two pumping stations on a major Saudi oil pipeline have today been attacked by explosive-laden drones Iran-backed Houthi rebels had earlier claimed to have targeted several vital Saudi targets with drones Comes after four ships, including two Saudi tankers, were damaged in ‘sabotage attacks’ off the UAE coast One of the commercial ships was... »
Kunstler Warns “This Trend Is Not Your Friend”…” not just the end of a global trade fiesta, but a world-wide synchronized economic depression.”
by James Howard Kunstler via Kunstler.com, ZeroHedge.com Mon, 05/13/2019 The be-Muellered, bothered, and bewildered American public may find US-China trade talks about as interesting as a rain delay in an Orioles-Chisox game, but the Friday collapse of negotiations may be marked by historians as the day that the global economy died. The Big Box... »
The Shale Boom Is About To Go Bust
by Nick Cunningham via OilPrice.com, ZeroHedge.com Fri, 05/10/2019 The shale industry faces an uncertain future as drillers try to outrun the treadmill of precipitous well declines. For years, companies have deployed an array of drilling techniques to extract more oil and gas out of their wells, steadily intensifying each stage of the operation. Longer... »
Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines…”We must remember this simple fact; energy drives the markets, not finance.”
Steve St. Angelo GoldSeek.com Wednesday, 8 May 2019 The global economy would be in serious trouble if it weren’t for the rapid growth of U.S. shale oil production. Since the 2008 financial crisis, U.S. shale oil production has increased by more than 6 million barrels per day. Without these additional barrels of oil, the... »
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