• 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.
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 mins The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 1 day "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 20 mins Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 23 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

U.S. And Saudis? Expect Business As Usual

Oil prices continued to trend lower this week despite an extraordinary rift between OPEC’s largest producer and the world’s largest oil consumer. On October 2nd, Washington Post journalist Jamal Khashoggi went missing in the Saudi Arabian consulate in Turkey and is now reported by Turkish and U.S. media to have been killed at the hands of Saudi Royal guards with ties to Crown Prince MBS. Western condemnation of the event has been swift and the negative consequences for Saudi relations with many of their allies could be significant. After having spent last summer being toasted at the White House, on Wall Street, in Silicon Valley and Hollywood, MBS now carries serious reputational risk with U.S. and European ‘elites.’ This week the CEOs of JP Morgan, Blackstone, BlackRock, SocGen and U.S. Treasury Secretary Mnuchin (among many other government, media and financial institutions) announced their withdrawal from next week’s ‘Davos in the Desert’ financial conference and there was broad condemnation of the act from both Democrats and Republicans within the U.S. Congress.

Under different circumstances such a significant geopolitical crack between a major supplier and major consumer would cause massive waves in oil prices. In this instance, however, we think the market is right to discount the bullish risk of what reportedly happened to Khashoggi for two reasons; 1- neither the U.S. nor Saudi Arabia want to see higher oil prices and…




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