• 35 mins Why Alberta Will Win The War Over Trans Mountain
  • 1 day Saudi Arabia Ready to Start Pumping More Oil
  • 15 hours Psychological manipulation of oil prices.
  • 24 hours Venezuela Election Won by Maduro Amid Widespread Disillusionment
  • 4 hours Trump To Press South Korea's President Moon Before Summit Of The Decade with NK
  • 5 hours Field Of Robots: Artificial Intelligence Is Transforming The Face Of Agriculture
  • 2 hours 3 Undervalued Oil Stocks as Prices Soar
  • 8 hours Saudi electricity demand
  • 14 hours Tesla’s $35,000 Model 3 Could Now Cost $78,000
  • 5 hours Brent Crude Oil Tops $80!
  • 1 day Higher Fuel And Staff Costs To Weigh On Ryanair Profits
  • 11 hours Russia/Germany Pipeline Really A Security Threat for US?
  • 5 hours North Dakota: Initial well productivity trending higher, will a rising Gas/Oil ratio negatively impact EURs?
  • 1 day Trade war with China on hold
  • 2 hours China Has The Ultimate Population Control Weapon
  • 1 day How is Pruitt still around?
Alt Text

The Truth About Peace On The Korean Peninsula

Tensions on the Korean peninsula…

Alt Text

China Crushes Vietnam’s South China Sea Drilling Hopes

Vietnam’s hopes of drilling for…

Irina Slav

Irina Slav

Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry.

More Info

Trending Discussions

U.S. Asks China To Implement New Oil Sanctions On North Korea

North Korea tanker

Washington is talking with Beijing about new oil sanctions against North Korea, UN diplomats told AFP. The two are working on a draft resolution that they could present to the UN Security Council soon.

According to the sources, this time the sanctions will target oil product supplies to the rogue state as a way of forcing Pyongyang to stop working on its nuclear missile program. The U.S. initiated the talks, but it remains unclear for now if China will agree to slap more sanctions on its neighbor.

“It’s a big ask to get the Chinese to agree to a further resolution,” one of the UN diplomats said, with others saying it was unlikely that the draft resolution would be ready this week, although some were optimistic that this could happen as soon as tomorrow.

The sanction talks came in response to the latest missile test from Pyongyang, which took place at the end of November and in which the missile flew for about 1000 km before falling into the sea.

Meanwhile, the Telegraph reported there was talk in Washington about a “bloody nose”-style military attack against North Korea. Citing unnamed sources, the daily said there was a dramatic step-up in preparations for a military response to North Korea’s missile tests. Related: Wall Street Returns To U.S. Shale With A Bang

Among the options that are being considered, sources say, is destroying a missile launch site before a launch or destroying weapon stockpiles. “The Pentagon is trying to find options that would allow them to punch the North Koreans in the nose, get their attention and show that we’re serious," one of the Telegraph’s sources, a former security official, said.

Based on talks with a number of U.S. and British security officials, the Telegraph said, it seems that the military option is a much more likely scenario for Washington than most people apparently believe.

The likelihood of the military scenario has grown recently because of worry that the North Koreans have shortened the timeframe for developing a nuclear-capable missile with the range to hit a target in the U.S.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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