• 2 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 7 minutes Sources confirm Trump to sign two new Executive orders.
  • 2 hours In a Nutshell...
  • 1 day No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 1 day The Coal Industry May Never Recover From The Pandemic
  • 15 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 2 days A Real Reality Check on "Green Hydrogen"
  • 2 days Why Oil could hit $100
  • 19 hours Where is Alberta, Canada headed?
  • 1 day Putin Paid Militants to Kill US Troops
  • 2 days Why Wind is pitiful for most regions on earth
  • 1 day During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?

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