• 3 minutes War for Taiwan?
  • 7 minutes How China Is Racing To Expand Its Global Energy Influence
  • 10 minutes Is it time to talk about Hydrogen?
  • 36 mins U.S. Presidential Elections Status - Electoral Votes
  • 6 hours Mail IN Ballot Fraud
  • 21 hours Supreme Court rules against Cuomo's coronavirus limits
  • 48 mins “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 5 hours Biden's Green New Deal- Short Term - How Will He Start to Transition Out Of Crude?
  • 8 hours America Could Go Fully Electric Right Now
  • 12 hours Saudi Arabia Seeks to Become Top Hydrogen Exporter
  • 2 hours WTI / ​​​​​​​Price Forecasting 
  • 2 days “Consumers Will Pay For Carbon Pricing Costs” by Irina Slav
  • 3 days Censorship in USA

Breaking News:

Volkswagen Readies Compact EV For 2023

The Moment Of Truth For Trump’s Iran Waivers

Brace yourself for a post-waivers era of total Iranian sanctions – this is the key message that the Trump Administration wants to convey to the global oil and gas community. It might be a subtle ruse to wrestle out further concessions from China and India, it might be a less subtle way of obfuscating the failure of another US-backed anti-Maduro coup in Venezuela (and that is quite something given the overall incompetence and crookery of the current Venezuelan elite) or it may well be the truth. Only time will tell.

(Click to enlarge)

We will see next week whether the threat will be carried through and how China, India, Turkey and other concerned parties will react if it is. What is undeniable however, is the spike in crude oil prices earlier this week, hitting a six-week high after the White House announced the end of all Iran sanctions waivers. By Wednesday crude prices had retreated somewhat on the back of an expected robust US commercial crude stock buildup, with Brent trading around $71.8-72 per barrel, whilst WTI was trading in the $63.4-63.6 per barrel interval.

1. Russia’s Crude Quality Botchup Shakes European Market

(Click to enlarge)

- Europe experienced an unexpected form of market panic due to a rare excess concentration of organic chlorides in the world’s largest trunk pipeline, the Druzhba pipeline supplying Central Europe from Russia.

- Reportedly, the 1.2mbpd pipeline was contaminated at the…




Oilprice - The No. 1 Source for Oil & Energy News