• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 5 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 4 hours Hopes Are Dashed For International Oil Companies In North Iraq
  • 7 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 24 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 2 days Changing Gazprom ADRs to Russian shares
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Editorial Dept

Editorial Dept

More Info

Premium Content

Breaking Down Big Oil's Incredible Earnings

Politics, Geopolitics & Conflict

Thousands of protesters loyal to Shi’ite cleric Moqtada al-Sadr stormed the Iraqi parliament on Wednesday, leading to an ongoing political standoff for OPEC’s second-largest oil producer. The protesters, completely controlled by al-Sadr, arrived in response to the nomination of a pro-Iranian force as Iraq’s new leader. The nomination comes from a figure largely controlled at this point by Iran–former PM Nouri al-Maliki, al-Sadr’s fiercest rival. Al-Sadr, extremely influential, is fighting for an anti-Iranian government in Iraq, and Wednesday's storming of parliament was a show of his power. He had them storm the parliament and then disperse by way of suggesting that al-Maliki take some time to think about his decision and whether he wishes to unleash the full force of al-Sadr. Parliament remains in a standoff as Shi’ite rivals (pro-Iranian and anti-Iranian) jockey for more leverage.

Rocket attacks earlier this week targeted a gas facility owned by the UAE’s Dana Gas in Northern Iraq’s Kurdistan region, with no claim of responsibility. This is the fourth time the facility has been attacked since June, along with other energy facility targets. The Khor Mor gas field was also attacked this week. With no claims of responsibility for these energy infrastructure attacks, they are likely meant to cause instability at a time when the Iraqi authorities and the Kurdish authorities are locked…

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News