• 5 minutes Iran Says It Arrested 17 CIA Spies, Some Sentenced To Death
  • 9 minutes Will We Ever See 100$+ OIL?
  • 13 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 40 mins Platts says if Iran's 2 mm bbls exports comes back on market oil goes to $40 . . . What about new Permian pipelines 2.47 mm bbls coming ? . . . WHAT IF BOTH IRAN AND PERMIAN TOTAL 4.47 mm added bbls . . . OMG !
  • 21 hours Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 13 hours Renewables provided only about 4% of total global energy needs in 2018
  • 6 hours Today President Trump Questioned U.S. Policing the Straits of Hormuz for Rich Asian Countries. Allies Britain and Japan were asked to participate. Said NO. US spends $100 Billion/year Protecting Mideast Shipping Lanes!
  • 3 hours Millions of Barrels of Iranian Oil Are Piled Up in China’s Ports
  • 1 hour So You Think We’re Reducing Fossil Fuel? — Think Again
  • 5 hours N.Y. Governor Signs Climate Bill
  • 1 day Berkeley becomes first U.S. city to ban natural gas in new homes
  • 9 hours Oil Giant Saudi Arabia Is Set to Start First Wind-Power Plant
  • 2 hours U.S. Administration Moves To End Asylum Protections For Central Americans
  • 1 day How is E&P of Marginal Oil on the UKCS Similar to the Shale Oil Operations in the US?
  • 10 hours EIA Reports Are Fraudulent : EIA Is Conspiring With Trump To Keep Oil Prices Low
  • 1 day Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
Saudi Arabia’s Big IMO 2020 Lie

Saudi Arabia’s Big IMO 2020 Lie

Saudi Aramco claims that it…

RBC: Natural Gas Glut Will Last Into 2020s

RBC: Natural Gas Glut Will Last Into 2020s

A supply overhang in natural…

Russia Wanted To Load Riot Gear On Venezuela-Bound Warship In Malta

Russia Warship

Russian diplomats have tried to buy riot gear in Malta and allegedly load it on a warship en route to Venezuela, in a move that raises concerns in the EU and the U.S. that Russia wants to increase its military presence in Venezuela, BuzzFeed News reported on Thursday, citing officials.

Russia has also asked Malta for permission to dock the Russian anti-submarine ship, the Severomorsk, in Malta for several days at the end of this month, BuzzFeed News Europe Editor Alberto Nardelli reports, quoting a senior government official from Malta. On Tuesday this week, Russia withdrew the request for the ship to dock on the Mediterranean island, but Malta would have denied the request anyway, according to BuzzFeed News’ sources.  

This is not the first report of Russia trying to boost its military presence in Venezuela, where Moscow is the staunchest supporter and ally of Nicolas Maduro’s regime in the political power struggle in the Latin American country sitting on top of the world’s largest oil reserves.

The U.S. and many European nations have recognized Venezuelan opposition leader Juan Guaidó as the legitimate interim president. Russia, however, has stood by Maduro for years and has poured billions of U.S. dollars in Venezuela in the form of loans and oil investments.

Russia’s state-controlled oil giant Rosneft has extended US$6 billion of loans to Venezuela’s state oil firm PDVSA. As of December 31, 2018, Venezuela still owed Rosneft US$2.3 billion.

Two Russian planes with 100 troops landed in Venezuela at the end of March, Reuters reported, citing media reports and flight tracking websites. The move is the latest signal of strengthening ties between Caracas and Moscow amid growing pressure on the Maduro government from Washington.

It also comes three months after the Venezuelan and Russian army conducted joint military exercises in Venezuela. At the time, the U.S. government slammed the exercises as Russian “encroachment” in South America.

Meanwhile, U.S. National Security Advisor John Bolton said in an interview with Bloomberg News on Wednesday that the Trump Administration was looking to persuade Russia to ditch support for Maduro.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play