• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 1 day "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 3 hours The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 9 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 22 hours Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 3 days Did China cherry-pick the factors that affected the economic slow-down?
  • 2 days Are you aware of Oil Price short videos on our energy topics?
  • 1 day "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 2 days Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 2 days NordStream2

Breaking News:

California Gasoline Prices Are Spiking

Editorial Dept

Editorial Dept

More Info

Iraq: The Remaining Lifeline For Iran

Having looked thoroughly into the implications of the latest U.S. Iran sanctions throughout the past few weeks, it is reasonable to ask who stands to benefit from such a set-up. Russia and Saudi Arabia are among the first that come to mind – having eliminated, at least partially, a relatively powerful competitor, they can now increase their market share and pump out more crude (unless market conditions force them to do another production cut). The United States, too, is already taking advantage of the sanctions – take condensate supply to South Korean refiners, where the U.S. is vehemently pushing Eagle Ford as a substitute for South Pars Condensate. Yet the biggest winner from US sanctions is a subtle pick, having been exempted from any limitations vis-à-vis Iran, the only nation to be allowed to do so. Yes, we are talking about Iraq.

The seven countries and one “jurisdiction” (read Taiwan) that received waivers last week saw their import possibilities curtailed to a fixed amount. Even though Iraq, too, received a waiver, it did so without suffering any restrictions (the only constraining moment was the 45-day period for which the waiver was granted, however, Iraqi officials have repeatedly asserted that it will take years to create their own energy infrastructure, hence dealing with Iran is a necessity). Whilst it is completely true that Iraq has no need for any additional volumes of oil, of which it has more than enough, the possibility…




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