overlord
democide
wwiii
racewar
collapsifornia
genocide
endgame
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 […]
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 […]
10/19/2022
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By Belle Carter
KSA foreign minister confirms Biden administration asked to delay oil output cut until midterms
The Kingdom of Saudi Arabia (KSA) has confirmed that President Joe Biden’s administration requested KSA to delay the Organization of the Petroleum Exporting Countries (OPEC +) decision to cut oil production until after the United States midterm elections. The middle eastern country also rejected the White House’s criticism of the organization regarding decreasing the production supply. […]
10/12/2022
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By Ramon Tomey
Biden set to “re-evaluate” US ties with Saudi Arabia following OPEC+ supply cut, promising “consequences”
U.S. President Joe Biden said he will re-evaluate the country’s ties with Saudi Arabia after the kingdom and its oil-producing allies announced a reduction in their oil output. He also promised “consequences” toward the oil producer after its decision, which is viewed by many as a message that it is siding with Russia. “I’m not […]
06/07/2022
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By Arsenio Toledo
EU’s embargo on Russian oil will cause oil prices to skyrocket – but Russia will be largely unharmed
The European Union (EU) has just agreed to a partial ban on Russian oil imports. This ban, once fully implemented, is expected to cause oil prices to skyrocket. But Russian officials say the embargo will leave them relatively unscathed. The EU relies on Russia for more than 25 percent of its oil and 40 percent of […]
06/06/2022
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By Arsenio Toledo
Record-high oil prices to rise further following Europe’s ban on Russian oil
The European Union (EU) has recently decided to expand its economic sanctions on Russia for the invasion of Ukraine with an embargo on Russian oil. This decision is expected to make record-high global oil prices surge even higher. On May 30, EU leaders agreed to embargo around 90 percent of Russian oil imports to the bloc by the […]
05/20/2022
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By Mary Villareal
EU committing economic suicide by imposing sanctions on Russia
Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will mean that […]
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