Oil

North Korea to COLLAPSE in 12 weeks as China ‘cuts fuel supply’ to Kim Jong-un

Monday, April 24, 2017
By Paul Martin

KIM Jong-un faces the collapse of his kingdom as North Korea grinds to a halt without Chinese fuel. By Michael Havis DailyStar.co.uk 24th April 2017 Petrol prices in Pyongyang have shot up by 83% in just three days, foreign residents claim At some gas stations, only diplomats and international organisations are being served. And... »

Will Banks Allow Another Slew Of Oil Bankruptcies?

Friday, April 21, 2017
By Paul Martin

by Irina Slav via OilPrice.com, ZeroHedge.com Apr 21, 2017 Last week, U.S. banks boosted the borrowing bases for several independent energy companies, lifting spirits in the industry. The move was taken as a sign that lenders are beginning to share in the optimism that oil and gas producers have been enjoying since the beginning... »

WTI Crude Crashes Below $50 As Hedgies Lose Faith In OPEC

Friday, April 21, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Apr 21, 2017 Oil is headed for its biggest weekly loss since early March as signs that OPEC will continue with output reductions are offset by growing U.S. production and inventory gluts. Having tried and failed to spark some momentum yesterday (via Saudi jawboning and Goldman confidence), WTI Crude just... »

Oil Stumbles Back To $50 Handle As Saudi/OPEC Jawboning Fails

Thursday, April 20, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Apr 20, 2017 Oil prices limped higher overnight as desperate jawboning of OPEC production cut deal extensions by the Saudis supported a recovery from yesterday’s post-inventories plunge. However, confirming the market’s lack of faith in OPEC (and Saudi’s ability to hold the deal together), WTI prices are sliding back towards... »

Russia Takes $30 Million In Venezuela Oil Hostage Over Unpaid Debt

Tuesday, April 18, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Apr 18, 2017 Despite having made its bond payment due last week, Venezuela’s state oil company, PDVSA, remains in fire financial straits, with virtually no funds or liquidity, and regardless of the close Russia-Venezuela ties, a Russian state-run shipping company has taken a tanker of PDVSA crude “hostage” in the... »

Robert Kennedy Jr: Syria Is Another Proxy Oil War

Tuesday, April 11, 2017
By Paul Martin

Sean Adl-Tabatabai YourNewsWire.com April 11, 2017 Robert Kennedy Jr. has bravely exposed how the Syrian invasion by the Trump administration is yet another proxy oil war. According to an astonishing essay written 6 weeks before the gas attack on Syrian citizens, Kennedy explains how the US funds and manages ISIS in order to destabilize... »

Gold, Silver and Oil Spike After U.S. Bombs Syria

Friday, April 7, 2017
By Paul Martin

By GoldCore GoldSeek.com Friday, 7 April 2017 – Gold silver oil spike after U.S. bombs Syria – Gold and silver spike 1% as oil rises 1.4% – Gold breaks 200 day moving average, 4th week of gains – Stocks fall after U.S. strikes in Syria rattle markets – U.S. missiles hit airbase; Lavrov says... »

Are Mexico’s Oil Reserves Almost Depleted?

Wednesday, April 5, 2017
By Paul Martin

by OilPrice ZeroHedge.com Apr 5, 2017 Mexico’s oil and gas regulator said last week that the country’s proved hydrocarbon reserves will drop by 10.6 percent in 2017. This forecast, coupled with the lower oil production that state company Petroleos Mexicanos (Pemex) reported for yet another year in 2016, is painting a rather bleak picture... »

HUGE OIL FIELD FOUND: Oil firm locates ‘largest undeveloped discovery’ in UK waters…(OK, With This Find And The Huge Find In West Texas….Gas Should Be About 50 cents?)

Tuesday, March 28, 2017
By Paul Martin

AN oil exploration firm has uncovered what it describes as the largest undeveloped discovery on the UK Continental Shelf. Express.co.uk Tue, Mar 28, 2017 Hurricane Energy said one billion barrels of oil could be contained within the Halifax well in the Greater Lancaster Area (GLA), 60 miles west of Shetland. The company found oil... »

Trump’s Latest Moves Are A Game Changer: “Will Lead To Higher Demand, Supply Disruptions And Soaring Prices”

Monday, March 27, 2017
By Paul Martin

James Burgess March 27th, 2017 SHTFPlan.com This report from OilPrice.com is a paid advertorial. 2017 is shaping up to be a game-changing year for copper, with Trump’s $500-billion infrastructure plan, booming Chinese demand and the recent interest rate hike from the Fed, copper prices are soaring. And for this little known small-cap miner on... »