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Iranian Crisis Could Send Oil To $100

Iranian Crisis Could Send Oil To $100

Despite several warnings from analysts…

Geopolitics / International

South Korea Seizes Hong Kong Oil Tanker

South Korea Seizes Hong Kong Oil Tanker

Dec 29, 2017 at 11:07 | Tsvetana Paraskova

South Korea has impounded a Hong Kong-registered oil tanker suspected of having secretly transferred refined oil to a North Korean vessel, thus violating United Nations sanctions, South Korean officials…

Venezuela Backs Its New Cryptocurrency With 5 Billion Barrels Of Crude

Venezuela Backs Its New Cryptocurrency With 5 Billion Barrels Of Crude

Dec 28, 2017 at 10:38 | ZeroHedge

Venezuelan President Maduro shocked the market in early December when he followed China's 'petro-yuan' futures announcement by making headlines of himself proclaiming a new national cryptocurrency - the 'Petro' - to overcome The…

Fuel Crisis Intensifies In Nigeria

Fuel Crisis Intensifies In Nigeria

Dec 28, 2017 at 09:15 | Williams Ekanem

Again, Nigeria’s government has failed its citizens, thanks to an acute shortage of fuel—despite the country’s status as the chief oil-producing country on the African continent. Year in and year…

Chinese Ships Caught Illegally Selling Oil To North Korea

Chinese Ships Caught Illegally Selling Oil To North Korea

Dec 27, 2017 at 10:38 | ZeroHedge

According to South Korea's Chosun Ilbo, U.S. recon satellites have photographed around 30 illegal transactions involving Chinese vessels selling oil to North Korea on the West Sea in October. The images allegedly…

2018 Could See The OPEC Deal Collapse

2018 Could See The OPEC Deal Collapse

Dec 22, 2017 at 13:33 | Nick Cunningham

The OPEC extension keeps the oil market on track to balancing at some point next year, but if the group overshoots on tightening, OPEC members could begin cheating, potentially leading…

Is Saudi Arabia’s Post-Oil Future Realistic?

Is Saudi Arabia’s Post-Oil Future Realistic?

Dec 22, 2017 at 13:25 | Irina Slav

In case anyone had any doubts that Saudi Arabia has very ambitious economic growth plans, the 2018 budget, announced earlier this week by King Salam, must have dispelled them. The…

U.S. Slaps Sanctions On Israeli Oil Billionaire

U.S. Slaps Sanctions On Israeli Oil Billionaire

Dec 22, 2017 at 09:24 | Irina Slav

The U.S. Department of Treasury has issued sanctions against Israeli billionaire Dan Gertler on allegations of human rights abuse and corruption. Gertler is a senior adviser to the Fleurette…

How Low Oil Prices Have Decimated The Saudi Economy

How Low Oil Prices Have Decimated The Saudi Economy

Dec 20, 2017 at 12:34 | ZeroHedge

Back when oil was at $100 and above, the Saudi economy was firing on all cylinders, and nobody even dreamed that the crown jewel of Saudi Arabia - Aramco -…

Will Libya Be First To Ditch The OPEC Production Deal?

Will Libya Be First To Ditch The OPEC Production Deal?

Dec 11, 2017 at 11:57 | Irina Slav

Just two weeks after it pledged to cap its crude oil production at the level of 1 million barrels daily, Libya has sent a signal that it actually has…

Moscow Braces For More U.S. Sanctions

Moscow Braces For More U.S. Sanctions

Dec 08, 2017 at 17:21 | The Jamestown Foundation

Whatever friendly feelings United States President Donald Trump might personally hold toward Moscow, the anti-Russian policy of his administration is even bolder than the course set in the last year…

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