Trump Strikes "Biggest Oil Deal In History": US To Take Majority Stake In Over 65BN Barrel
• https://www.zerohedge.com, by Tyler DurdenTrump Strikes "Biggest Oil Deal In History": US To Take Majority Stake In Over 65BN Barrels Of Venezuela Reserves
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Trump Strikes "Biggest Oil Deal In History": US To Take Majority Stake In Over 65BN Barrels Of Venezuela Reserves
Despite Treasury Secretary Scott Bessent's promise of "Economic D-Day" for Iran, China is still importing about the same amount of oil from Iran as it did last year. Without China, the US embargo is just a pipe dream. Also today: Media Spin on CIA C
Focus on the Strait of Hormuz is shifting to South America late in the week as the Trump administration moves to secure new long-term crude supplies in Venezuela.
Alberta's Premier Danielle Smith has rejected the idea of slapping export taxes on crude oil exports to the United States in retaliation for the Trump administration's tariff salvo against Ottawa, saying they would be damaging to Canada.
Prize courts were used during the Civil War to decide the legitimacy of goods seized at sea
Prices continue to rise, as farmer associations issue warnings around world
...but Cut US Production as Trump Administration Accuses Companies of Price Gouging
While another lull in direct combat between the United States and Iran has come into effect, other fronts begin to expand and threaten to drown the region in a much broader conflict.
Factor in the US midterms when calculaitng Trump's willingness to retaliate via economic war with the third-largest US trading partner
Thin inventories and record prices threaten US harvest as other major exporters go offline
America's Strategic Petroleum Reserve just hit its lowest level in over 40 years -- and experts are warning the underground salt caverns holding the oil are under serious stress.
Already Russia has been subject to many months of a ramped-up long-range drone campaign out of Ukraine, chiefly targeting oil refineries as well as industrial sites - and most recently expanding to online retail companies and attacks on private secto
Record high crack spreads. Serious economic ramifications.
The World Is Running A Huge Oil Deficit, The SPR Hits A 4 Decade Low, And Diesel Shortages Are Looming
As Iran's Military Command To Be 'More Aggressive'
The Daily Global Oil Deficit Is Even Higher Than Originally Projected, And That Means That The Energy Crisis Is About To Greatly Escalate
Oil flows from the Middle East have normalized, with Sunday traffic alone above pre-conflict averages, US Secretary of Energy Chris Wright said on Tuesday in a claim that appears not to be backed by ship-tracking data.
Fractional distillation of crude oil is the primary industrial process used to separate raw #petroleum into simpler, more useful mixtures of hydrocarbons based on their unique boiling points. #Crudeoil itself is a complex mixture consisting mostly of
US SPR Falls Below 300 Million Operational Limit As Oil Drain Unexpectedly Surges To 6.1MM Barrels, Most In 2 Months
The latest Saudi oil route looks absurd on a map.
Stijn Schmitz welcomes Martin Armstrong to the show. Martin Armstrong is CEO and Chairman of Armstrong Economics Ltd. Martin argues that the conflict with Iran was a strategic miscalculation driven by Neocons and Benjamin Netanyahu's flawed strateg
Let's compare the CENTCOM claim to my Q&A with Grok.
...and the AI Superintelligence Race
Short answer… I think so.
American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.
Costs about 5 dollars a barrel more in freight, insurance, and pipeline fees.
Once again, the stupid, evil war that Trump started on behalf of Israel is (apparently) on pause. The why is worrisome.
Fresh Unilateral Strikes on Jordan Base; Iraqi Militants Again Target KSA
Welcome to Foreign Policy with Robert Inlakesh. In this addition Robert Inlakesh will look at the expansion of the US-Israeli war on Iran, its hidden blowback, and impending consequences.
Fresh Unilateral Strikes on Jordan Base; Iraqi Militants Again Target KSA Iranian state media in the overnight hours (local) are reporting fresh apparent Iranian missile attacks in Jordan.