• 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
  • 57 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Does Toyota Know Something That We Don’t?
  • 4 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 21 hours World could get rid of Putin and Russia but nobody is bold enough
  • 48 mins America should go after China but it should be done in a wise way.
  • 4 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 3 days China is using Chinese Names of Cities on their Border with Russia.
  • 4 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 3 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 9 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
  • 4 days Putin and Xi Bet on the Global South
  • 4 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 5 days United States LNG Exports Reach Third Place
  • 5 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

Chicago Files Suit Against Big Oil

Editorial Dept

Editorial Dept

More Info

Global Energy Advisory – 27th November 2015

Politics, Geopolitics & Conflict

• Here’s what happens when you have two rival governments in a country where everyone thought forced regime change would be a good idea: You lose your oil deal if it’s with the ‘wrong government’. Ask Swiss-based Glencore. The ‘internationally recognized’ regime in Libya—that holed up in Benghazi—says Glencore’s oil-export deal with Tripoli is unfortunately with the wrong government as such, doesn’t exist. It also gives you a good idea about who supports which government, and why. It has less to do with the traditional elements of religion and democracy than most are conned into thinking. The Benghazi government has made it clear that it had the power to physically prevent Glencore tankers from using Libyan ports—if simply telling the company that its deal was on worthless paper wasn’t enough.

• Brazil’s state-run Petrobras appears to be getting a reprieve as a three-week strike by oil workers winds down after an agreement with unions; however, the strikes did cost the company almost 2.3 million barrels of oil in production. The strikes were in protest against the company’s divestment plans as it seeks to get rid of $15 billion in assets by the end of next year.

• We’re not going to spend too much time on the Syrian conflict this week, but we will note that there are few correct media perceptions about the Turkish downing…




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