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04/22/2022
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By Ramon Tomey
Chinese state-owned oil firm plans to drop assets in the West for fear of economic SANCTIONS
An oil company owned by the Chinese government announced plans to drop its assets in Western countries for fear of sanctions that may be imposed on it. Industry sources confirmed to Reuters in late March that China National Offshore Oil Corporation (CNOOC) is preparing to divest its operations in the U.S., U.K. and Canada due to the […]
04/15/2022
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By Mary Villareal
EU looking at embargo on Russian oil products, potentially causing another supply chain catastrophe
European officials are now drafting plans for an embargo on Russian oil products, the most contested measure yet in punishing Russia for its invasion of Ukraine. After banning Russian coal – a move that sent coal prices around the globe at all-time highs – the European Union (E.U.) is now likely to adopt a similar […]
03/31/2022
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By Ramon Tomey
Saudi Arabia may increase oil prices amid Russia-Ukraine war
Saudi Arabia may increase the price of its crude oil as the repercussions of the Russia-Ukraine war are felt throughout global markets. An assessment by Bloomberg found that state-owned petroleum company Saudi Aramco may raise the selling price of its flagship Arab Light crude to $5 a barrel in Asia. The news outlet added that the price increase […]
03/31/2022
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By Ethan Huff
Saudi Arabia says it can’t ensure oil supply stability amid “jittery period” of global instability
Prince Abdulaziz bin Salman, Saudi Arabia’s energy minister, said his country can no longer ensure energy security due to a “jittery period” in the world’s markets. What was once a sure and steady supplier of oil has become another casualty, or so we are told, of an escalating world war, which is conveniently collapsing just about […]
03/25/2022
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By Arsenio Toledo
Price of crude oil shoots above $120 per barrel during short squeeze; experts warn of even higher oil prices in coming months
During a short squeeze on Wednesday, March 23, the price of crude oil futures shot up to a record-breaking price of $120 per barrel. Financial experts warn that this is just the beginning, and oil prices will one day stay above $120 per barrel for a long time. Brent crude futures, one of several internationally […]
03/24/2022
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By JD Heyes
CLIMATE LOCKDOWN: Globalists are exploiting oil price spikes to push for greater population control with “10-point plan” that includes bans on travel
The globalists, like the Democrat Party in the U.S., never lets a good crisis go to waste, using each one to push their agenda of suppression and population control just a little further down the field. In a “10-Point Plan to Cut Oil Use” – a long-held objective of the globalists is to get rid […]
03/17/2022
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By Arsenio Toledo
Russian sanctions and oil embargoes to cause world’s biggest oil supply crisis by next month
The International Energy Agency (IEA) warned that the massive drop in oil exports from Russia will lead to a catastrophic reduction in the global oil supply, which consumers are already feeling and will be reeling from by next month. The Russian invasion of Ukraine led to economic sanctions and embargoes from many nations all over […]
03/11/2022
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By Ramon Tomey
Biden mulls deals with Iran, Venezuela after announcing ban on Russian oil imports
President Joe Biden announced a ban on Russian oil imports amid the ongoing Ukraine invasion. To offset the ban’s effect on energy prices, Biden is now considering a deal with Iran and Venezuela – two countries earlier sanctioned by the United States. Biden announced the Russian oil embargo on March 8. He claimed that the […]
03/09/2022
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By News Editors
Biden begging socialist Venezuela for oil after killing US energy independence
If it wasn’t a sad enough spectacle seeing President Joe Biden kowtow to communist China over the COVID virus, now Biden has overdrawn the humiliation card by pleading with the dictator in Venezuela, Nicolás Maduro, a Russian ally, to please sell the US some of the oil, for which Biden won’t let American producers drill for domestic use. (Article by John […]
03/03/2022
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By Kevin Hughes
US oil prices rise to a 7-year high as conflict between Russia and Ukraine continues
As Russia continued its assault on Ukraine’s capital Kiev, oil prices continued to rise Tuesday, March 1, with the U.S. crude reaching its highest level since June 2014. West Texas Intermediate crude futures, the U.S. oil benchmark, surged 11.5 percent to $106.78 per barrel at its peak for the day. It dropped during the afternoon trading and […]
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