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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 […]
04/20/2022
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By Ethan Huff
Starting next week, EU will impose full embargo on Russian oil, sending prices above $185 a barrel: JPMorgan
Following the French election this upcoming weekend, the European Union (EU) is reportedly planning to impose a full embargo on all Russian oil, which JPMorgan says will drive the oil price beyond $185 a barrel. To minimize public support for Marine Le Pen, the EU is apparently waiting until after the second round of voting […]
04/05/2022
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By News Editors
President Putin’s full remarks at the oil for ruble announcement
Today I have signed an Executive Order that establishes the rules for trade in Russian natural gas with so-called unfriendly states. We offer counterparties from such countries a clear and transparent scheme. To purchase Russian natural gas, they must open ruble accounts in Russian banks. It is from these accounts that payment will be made […]
04/01/2022
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By Ethan Huff
If buyers won’t pay for gas exports in rubles, Putin will HALT the pipelines
In an urgent March 31 announcement, Russian President Vladimir Putin warned the West that if payments for energy exports are not made in rubles, those exports will be halted effective April 1. Since NATO sanctions do not allow Russia to use dollars or euros, there is no use accepting these currencies as payment for Russian […]
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 […]
03/25/2022
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By News Editors
Washington is driving the world to nuclear war
Since the Russian action in Ukraine began, provoked by Washington’s cold shoulder to Russian security concerns, Washington, in addition to doing all possible to keep the conflict going, has also dumped three more provocations on the Kremlin: an attempted coup or “color revolution” in the former Russian province of Kazakhstan, NATO military maneuvers currently under way […]
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 […]
03/16/2022
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By Ethan Huff
DIESEL DEMOLITION: As early as April, diesel could be rationed in the U.K. as authorities phase out Russian oil imports
Anti-Russia xenophobia in the United Kingdom is threatening to cut off the nation’s diesel supply, or at least significantly reduce it to the point that shortages ensue, by as early as April. Great Britain, reports indicate, is expected to have to start rationing diesel sales by next month due to fuel shortages caused by sanctions […]
03/16/2022
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By Arsenio Toledo
European countries mull increasing investment in fossil fuels to maintain energy security
European countries are considering increasing their investments in fossil fuels to maintain energy security. In recent years, many European countries – as well as nations in other parts of the world – have carried out programs to lessen the consumption of fossil fuels in favor of investing in more renewable energy sources like wind and solar. […]
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 […]
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