oil

US keeps stealing Iraq’s oil despite Mattis comments: Analyst

Despite remarks by Defense Secretary James Mattis, US presence in Iraq is aimed at “stealing oil,” an analyst says. Gordon Duff, senior editor at Veterans Today, made the statement while commenting on Monday remarks by Mattis ahead of an unannounced visit to the war-ravaged country. In an apparent attempt to distance himself from recent remarks by […]

US ‘Only Interested’ in Independent Kurdistan Due to Oil, But It Comes at a Cost

US ‘Only Interested’ in Independent Kurdistan Due to Oil, But It Comes at a Cost

  “In the last five years the United States has added oil-rich countries to its sphere of influence. According to its data, there are oil deposits in Kurdish territories that have not been discovered yet. This region is important to the US only in this respect. They can take Iraqi Kurdistan under control, making it dependent on Washington. This step will be made […]

Trump Picks Oil Baron as Secretary of State

Trump Picks Oil Baron as Secretary of State

U.S. President-elect Donald Trump announced Tuesday that he has nominated ExxonMobil CEO Rex Tillerson to arguably the most important position in his Cabinet — secretary of state. While Tillerson has no experience in public office, his nomination has drawn the ire of environmentalists for his company’s actions on climate change while even members of Trump’s own party are uneasy with the pick due to the CEO’s ties to Russia.

The smell of the Saudi Riyal is spreading

The smell of the Saudi Riyal is spreading

Mustafa Hegiri, director of terrorist group known as Kurdistan Democratic Party of Kurdistan Iraq spearhead by Massoud Barzani, after Ashnavieh conflicts and excellent blow by the Revolutionary Guards, the Revolutionary Guards of the Islamic Revolution of Iran in a statement said ” it is through this portal new armed groups will flow to Iran.

Falklands’ Rockhopper announces double contingent oil reserves: over 300m barrels

Falklands’ Rockhopper announces double contingent oil reserves: over 300m barrels

There have been many reasons put forward over the years for why the Falklands War of 1982 happened, both official and conspiratorial. It has always seemed rather dubious that Britain would launch a major amphibious task force halfway across the globe at a time of economic woe and deep defence cuts in order to save […]

Oil markets on alert: major overhaul in Saudi Arabia´s cabinet and economic policy

Oil markets on alert: major overhaul in Saudi Arabia´s cabinet and economic policy

__________ Mercopress Oil markets on alert: major overhaul in Saudi Arabia´s cabinet and economic policy Saudi Arabia’s King Salman removed the country’s veteran oil minister as part of a broad government overhaul. Ali al-Naimi has been replaced after more than 20 years in the role by former health minister Khaled al-Falih. Saudi Arabia, the world’s […]

Competition for Libya’s Oil

Competition for Libya’s Oil

…from SouthFront Libya’s rival governments host separate branches of the country’s National Oil Corp. (NOC) with an internationally recognized headquarters in Tripoli and a competing branch based in Bayda. On May 4, NOC-Bayda, which is loyal to Tobruk, blocked an oil tanker registered in Malta, the Seachance, from loading oil at the Marsa al Hariga […]

In the Name of the Profit: New RT documentary exposes dirty oil secrets, ISIS cozy ties with Turkey

Exclusive eye witness reports and documents, abandoned by retreating jihadists and found by RT Documentary crew members in a region liberated by Syrian Kurds, point to commercial scale oil smuggling operations and cozy relations between ISIS and Turkey. TrendsIslamic State, Syria unrest Exclusive and unprecedented footage, along with witness accounts, was filmed by the RT […]

Saudi Arabia to set up $2tn mega-fund for post oil era

Saudi Arabia to set up $2tn mega-fund for post oil era

The world’s largest crude exporter Saudi Arabia plans to create a huge sovereign wealth fund for the country’s most prized assets to prepare for a post oil era, said Deputy Crown Prince Mohammed bin Salman as cited by Bloomberg. The Public Investment Fund (PIF) will eventually control more than $2 trillion and help the kingdom […]

Plummeting Oil Prices Force Big US Shale Players to the Wall

Plummeting Oil Prices Force Big US Shale Players to the Wall

US banks are filling their reserves in preparation for a wave of defaults, as low oil prices force US shale producers into bankruptcy. US Oil Production to Decrease Across Major Shale Regions Two large US shale oil producers with a combined debt of $7.6 billion may be forced into bankruptcy next month because of low oil prices, which […]

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