• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 days Does Toyota Know Something That We Don’t?
  • 4 days World could get rid of Putin and Russia but nobody is bold enough
  • 15 hours America should go after China but it should be done in a wise way.
  • 6 days China is using Chinese Names of Cities on their Border with Russia.
  • 8 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 8 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 8 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 7 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 8 days Putin and Xi Bet on the Global South
  • 8 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 9 days United States LNG Exports Reach Third Place
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs
Editorial Dept

Editorial Dept

More Info

Premium Content

Sabotage, Drones, And Sham Referendums Send Geopolitical Risk Soaring

Politics, Geopolitics & Conflict

Leaks discovered Monday in the Nord Stream 1 and 2 pipelines, which carry natural gas to Germany, have been determined by authorities in Europe to have been caused by underwater explosions in the Baltic Sea they suspect were the result of sabotage. There are two leaks, miles apart from each other, which suggests it is not a random occurrence. Investigations are underway, with the West accusing Russia and Russia accusing the U.S. of what would amount to a false flag operation to force Europe’s hand into tougher, more unified action against Moscow. The pipelines were not transmitting any natural gas at the time of the explosions/leaks, as Gazprom had cut off flows indefinitely. The German navy has been deployed to investigate, and Norway is deploying its military for security. Ships in the area are on high alert. Expect a high level of rhetoric and saber-rattling to roil oil markets as this further unfolds.

Earlier this week–and before the Nord Stream pipeline explosions–Norway had warned oil and gas companies that it had seen unidentified drones flying around oil and gas fields in the North Sea. On Thursday, Total said it, too, had witnessed additional unauthorized drone activity around Halfdan B, a Danish oil and gas field in the North Sea. Total spotted the drones on Wednesday. Total did not specify how many drones it witnessed, nor the activity of the drones.

Russia’s sham referendums held in…

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