humanitarian
biggovernment
secondamendment
firstamendment
freedom
oil supply
10/27/2023
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By Belle Carter
Iraqi PM warns: Fighting between Israel and Hamas could disrupt Middle East oil supplies worldwide
Iraqi Prime Minister Mohammed Shia al-Sudani has warned that fighting between Israel and Hamas, which is on the brink of dragging other countries in the region, could disrupt Middle East oil supplies to international markets. The crisis would “impact global security, escalate regional conflict, jeopardize energy supplies, exacerbate economic crises and invite further conflicts,” al-Sudani said at […]
09/11/2023
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By News Editors
Peter Schiff: Fed money magicians running out of rabbits
Most people think everything is fine. The Fed is getting inflation under control and soon they’ll be able to cut interest rates, keeping the economy from falling into a deep recession. In his podcast, Peter Schiff poured cold water on this narrative. He explains why the Fed won’t be able to repeat the magic it […]
08/17/2023
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By Laura Harris
India not turning away from Russian Urals crude even as discount to global benchmarks narrows
Indian buyers see no reason to turn away from Russian Urals crude even as the discount to global benchmarks narrows. They argue that similar-quality barrels from the Middle East remain more expensive. In 2022, Russia became the leading supplier of crude due to affordable prices and good control of energy inflation. Earlier this year, the discount […]
05/24/2023
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By Laura Harris
IEA report: Nearly 80% of Russian crude oil has been rerouted from EU to China and India
The vast majority of Russian oil exports had been rerouted to China and India as Moscow continues to reduce its dependence on the European Union (EU) oil trade. In April, Russian oil exports reached their highest level in 14 months, with almost 80 percent heading to Asian markets due to Western sanctions, according to a recent report by the International […]
05/10/2023
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By Arsenio Toledo
Poland threatens to cut off oil exports to major German refinery if Russian state-owned oil company remains a major shareholder
Poland has threatened to cut off oil exports to Germany’s PCK Schwedt Refinery if it does not completely remove a Russian company as a shareholder. The PCK Schwedt Refinery in Germany’s northeastern Brandenburg state, owned and operated by PCK Raffinerie GmbH, is set to receive around 135,000 tons of oil in May from Poland through […]
02/13/2023
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By Arsenio Toledo
Russia to cut oil output by 500,000 barrels per day in response to Western price cap
Russia announced on Friday, Feb. 10, that it will cut oil production by 500,000 barrels per day in March in retaliation for a United States- and European Union-led cap on the price of Russian crude oil and other oil products. “As of today, we are fully selling the entire volume of oil produced. However, as […]
11/21/2022
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By Arsenio Toledo
ENERGY REDIRECTED: Two-thirds of Russian seaborne oil exports are now going to Asia
Two-thirds of all Russian seaborne oil exports are now heading to Asian countries as the country continues to divest itself from relying on the European oil trade. Before the European Union (EU), the United States and their allies imposed sanctions on Russia over the country’s special military operation in Ukraine, seaborne crude oil deliveries to Asia accounted […]
11/01/2022
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By Mary Villareal
US oil price to surge again in December as Saudis cap production and EU embargo takes effect
Another oil price surge is expected in December in the U.S. if a European embargo on Russian oil goes into effect and the Saudis refuse to increase production to make up for the anticipated drop in supply. Saudi Arabia has issued a warning aimed at the U.S. over crude oil and supply agreements, with Prince […]
10/28/2022
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By Arsenio Toledo
Energy executives tell Sec. Granholm: Shuttered oil refineries are NOT restarting soon
Some of the United States’ leading energy executives have spoken with Secretary of Energy Jennifer Granholm, warning her and the administration that many shuttered oil refineries won’t be restarting soon. Reuters reported that the energy executives met with Granholm in the White House on Tuesday, Oct. 25. One of the attendees is Joe Gorder, president […]
10/26/2022
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By Belle Carter
Expert: Biden’s drawdowns from Strategic Petroleum Reserve failed to control soaring oil prices
An economic expert blasted President Joe Biden’s drawdowns from the U.S. Strategic Petroleum Reserve (SPR), saying that these failed to control soaring oil prices. Phil Flynn, senior account executive at the PRICE Futures Group, said the Biden administration is coming to grips with “the reality” of its SPR drawdowns being in vain. “If at first, […]
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