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80%  
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Keyword: opec

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  • Iran: U.S. Has Failed To Stop Oil Exports

    11/20/2018 9:24:55 AM PST · by bananaman22 · 14 replies
    Oilprice.com ^ | 11-19-2018 | Tim
    Iran’s president Hassan Rouhani said on Monday that the country will continue to export oil despite fresh U.S. sanctions, which he described as “psychological war doomed to failure.” “We will not yield to this pressure which is part of the psychological war launched against Iran,” he said on state TV. “They have failed to stop our oil exports. We will keep exporting it ... Your regional policies have failed and you blame Iran for that failure from Afghanistan to Yemen and Syria,” he added, to chants of “Death to America!”. Rouhani also said that the U.S. lacked international support for...
  • Canada ‘disappointed’ with court ruling blocking Keystone XL (Canada wants pipeline)

    11/09/2018 12:36:11 PM PST · by yesthatjallen · 10 replies
    The Hill ^ | 11/09/18 | Timothy Cama
    Canada’s government is joining President Trump in criticizing a Montana judge’s ruling that blocked construction of the Keystone XL pipeline. “We are committed to supporting our energy sector and the hard-working Canadians it employs. Our government has always supported the Keystone XL project, and we are disappointed by this decision,” Vanessa Adams, spokeswoman for Canadian Natural Resources Minister Amarjeet Sohi, said in a statement. “It is important for good, middle-class jobs in Canada and for a successful energy export market. The project has received all necessary approvals in Canada,” she said. Adams said Prime Minister Justin Trudeau's government “is taking...
  • Vanity: Why Does Deep State/MSM Want us to Hate Saudi Arabia?

    11/17/2018 1:16:54 AM PST · by TigerClaws · 78 replies
    VANITY
    Saudis have always run a brutal dictatorship. We needed the oil. They owned the Bushes. We looked the other way. Obama bowed before them literally. We look the other way with China, which is an even more brutal dictatorship (in terms of murdering their own citizens). Why is the CIA leaking stories to CNN about Jamal Khashoggi's murder? Why is the MSM running story after story about this to shape American popular opinion? I'm confused why they want me to care. Please fill me in on the real explanation. Thanks.
  • EU plan to enable non-dollar Iran trade, oil sales unraveling: diplomats

    11/14/2018 7:21:03 AM PST · by Java4Jay · 23 replies
    A special European Union initiative to protect trade with Iran against newly reimposed U.S. sanctions faces possible collapse with no EU country willing to host the operation for fear of provoking U.S. punishment.
  • Oil Rebounds After Biggest Daily Loss In 3 Years

    11/14/2018 7:44:01 AM PST · by bananaman22 · 11 replies
    Oilprice.com ^ | 11-14-2018 | Irina
    Crude oil prices crashed yesterday, losing 7 percent in just one day, which was the biggest daily loss in three years and today continued down in early trading as headwinds overwhelmed any bullish factors. After a rather rocky start to Wednesday trading, oil prices managed to tick upward, with WTI trading at 2.32% by 10:14am EST. Brent had rallied 2.63% to trade at $67.19 at the time of writing, despite pressure by a vicious combination of demand outlook, oversupply concerns and a couple of other factors such as President Trump’s call on OPEC to keep production at current levels.
  • Energy Department Says U.S. Is Now World’s Top Oil Producer

    11/01/2018 4:50:23 PM PDT · by Hojczyk · 19 replies
    Breitbart ^ | November 1,2018
    (AP) – The United States is pumping record amounts of oil, vaulting over Russia to become the world’s biggest producer of crude. The Energy Information Administration said Thursday that the U.S. produced more than 11.3 million barrels a day in August, a 4 percent increase over the old record set in July. Russia’s energy ministry estimates that country pumped 11.2 million barrels a day in August. OPEC reports Saudi Arabia pumped 10.4 million barrels a day It’s the first time since 1973 that the U.S. leads the world in oil production. in August including Texas, which accounts for about 40...
  • Rising U.S. Crude Output Sparks Race to Build Export Terminals

    11/01/2018 8:36:40 PM PDT · by Oatka · 9 replies
    Reuters via gCaptain ^ | 10/30/2018 | Jarrett Renshaw and Collin Eaton
    A high-stakes competition is emerging among energy exporters proposing multi-million-dollar crude terminals along the U.S. Gulf Coast to handle a gusher of shale oil coming from West Texas oilfields. On Monday, private equity firm Carlyle Group became the latest to place a bet, proposing with the Port of Corpus Christi what it said would be the first onshore U.S. export facility able to load the world’s largest crude tankers.
  • ADAM SCHIFF CLAIMS ‘CONSEQUENCES ARE GONNA BE GRAVE’ IF REPUBLICANS WIN THE MIDTERM ELECTIONS

    10/31/2018 1:25:16 PM PDT · by Steve1999 · 73 replies
    Daily Caller ^ | 2018-10-31 21:00 | Geoff Harbaugh
    Democratic Rep. Adam Schiff on MSNBC Tuesday night claimed “the consequences are gonna be grave” if the Republicans win the midterms, and added he thinks President Trump’s “hyping of the caravan … had devastating consequences this week.”
  • Iran’s Worst Nightmare Is Coming True

    10/30/2018 8:34:24 AM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 10-29-2018 | Tim
    In what must seem like a nightmare scenario for Iran, not only is another U.S. president leveling sanctions against its economy, and particularly that economy’s lifeblood, its oil sector, but the current U.S. president has admittedly made it his mission to drive Tehran to its knees over what he sees as non-compliance over the 2015 nuclear accord between western powers and Tehran. As recently as the start of this month, the oil markets narrative was that perhaps President Donald Trump had pushed a bit too hard by reimposing sanctions against Iran. Oil markets, for their part, were jittery while both...
  • Putin praises Erdogan's 'great political authority'

    06/26/2018 6:53:19 AM PDT · by BeadCounter · 7 replies
    AFP ^ | June 26, 2018 | None Listed
    In a telegram earlier Monday, Putin had "stressed that the results of the vote fully speak of Recep Tayyip Erdogan's great political authority..." © Provided by AFP In a telegram earlier Monday, Putin had "stressed that the results of the vote fully speak of Recep Tayyip Erdogan's great political authority..." Russian strongman Vladimir Putin on Monday congratulated Turkey's President Recep Tayyip Erdogan on his re-election triumph in a phone call, after saying the result showed the Turkish leader's "great political authority" and mass support. On the call Putin and Erdogan confirmed their interest in "deepening partnership ties between the two...
  • China Panics over Bolsonaro: ‘Unthinkable’ for Brazil to Align with U.S. and Taiwan

    10/29/2018 5:17:48 PM PDT · by familyop · 39 replies
    Breitbart News ^ | October 29, 2018 | John Hayward
    China’s state-run Global Times panicked over the election of Jair Bolsonaro as president of Brazil, penning a Monday editorial sternly lecturing the new Brazilian leader that shifting trade away from China to the United States would be “unthinkable...On the other hand, Reuters found Chinese officials and senior executives eyeing Bolsonaro with “varying degrees of concern,” particularly when he talks about tightening Brasilia’s grip on the supremely valuable niobium industry. Bolsonaro has been critical of China’s efforts to dominate Brazilian mines, but might be obliged to mute his criticism because China has become such an important customer for Brazilian iron and...
  • Kerry to Abbas: 'Stay strong and do not give in to Trump'

    07/30/2018 9:56:33 PM PDT · by Rabin · 43 replies
    The Jerusalem Post - Israel News ^ | January 24, 2018 08:08 | BEN CASPIT/MAARIV
    The White House has confirmed that there has been a complete disconnect between the Palestinian Authority and the Trump administration. Former US secretary of state John Kerry met in London with a close associate of PA President Mahmoud Abbas, Hussein Agha. Stall, play for time, do not break. Trump will not remain in office for a long, within a year Trump would not be in the White House. Kerry offered to help Sheppard his alternative peace initiative and promised to help garner international support from Europeans, Arab states and the international community. He promised to use all his contacts and...
  • Merkel moves to open up Germany to US gas imports after Trump's push: report

    10/22/2018 7:07:28 PM PDT · by ding_dong_daddy_from_dumas · 11 replies
    The Hill ^ | 10/22/2018 | Megan Keller
    German Chancellor Angela Merkel is making a move to open up Germany's market to U.S. gas companies, following a lobbying push from President Trump, The Wall Street Journal reported. Merkel told a group of lawmakers over breakfast in October that her government will co-finance a $576 million liquified natural gas (LNG) shipping terminal in northern Germany, the Journal reported, citing people familiar with the meeting. The project had been stalled for years, but Trump has lobbied hard for Europe to increase LNG purchases from the U.S. while reducing their reliance on Russia. Germany gets most of its gas from Russia,...
  • Tesla rival Lucid Motors gets $1 billion investment from Saudi Arabia goes on massive hiring spree

    10/22/2018 4:35:51 PM PDT · by 2ndDivisionVet · 19 replies
    Thinknum ^ | October 22, 2018 | James Mattone
    Earlier this month, California-based electric car startup Lucid Motors ($LUCIDMOTORS) locked in a billion-dollar infusion from the Public Investment Fund of Saudi Arabia. Through this deal, the official sovereign wealth fund of the Saudi government is helping to put Lucid on track to produce its first commercially available electric vehicle, the Lucid Air, on the market in 2020, thus putting it in direct competition with Tesla ($NASDAQ:TSLA). Since announcing its deal on September 17, Lucid listed more than double the amount of job openings month-over-month, which is understandable given a billion-dollar influx in capital....
  • Tesla Sales Soaring, Competition Failing

    10/17/2018 5:33:20 PM PDT · by SunkenCiv · 49 replies
    Seeking Alpha ^ | October 16, 2018 | Ross Tessien
    CE car sales are down and EV sales are up. Most people know this much. Also, EV sales are not up by as much as ICE car sales are down. The two metrics are believed to be independent of one another. I believe they are related. When someone purchases a Tesla Model 3, that car sale is an EV and not a new ICE vehicle. So that is a first sale the ICE industry loses. Next, the new EV owner often trades in a used ICE car and someone else will purchase that car. Some number of car buyers will...
  • AMAZING! Over 100,000 RSVPs For Houston Trump Rally With Ted Cruz – Tailgater Set Up Outside to...

    10/21/2018 6:57:53 PM PDT · by E. Pluribus Unum · 45 replies
    The Gateway Pundit ^ | October 21, 2018 | Cristina Laila
    FULL TITLE: AMAZING! Over 100,000 RSVPs For Houston Trump Rally With Ted Cruz – Tailgater Set Up Outside to Accommodate Massive Crowd President Trump was having a hard time finding a location where he can hold all his followers that want to see him and Senator Ted Cruz in Houston, Texas. The challenge was finding a place big enough to accommodate over 77,000 people–but that was on Friday–By Sunday, the RSVPs ballooned to a whopping 100,000+ people! Trump’s 2020 campaign manager Brad Parscale announced on Sunday that due to over 100,000 RSVPs for the Houston rally with Ted Cruz scheduled...
  • U.S. envoy Haley: Palestine is not any state at all

    10/17/2018 7:24:46 PM PDT · by SJackson · 13 replies
    Jerusalem Post ^ | October 17, 2018 | Tovah Lazaroff
    “The Palestinians are not a UN Member State or any state at all. The United States will continually point that out in our remarks at UN events led by the Palestinians,” Haley said. The United States does not recognize Palestine as a state, its envoys said on Tuesday as they opposed United Nations General Assembly move to enhance the stature of the Palestinian Authority. “The Palestinians are not a UN Member State or any state at all. The United States will continually point that out in our remarks at UN events led by the Palestinians,” US Ambassador to the United...
  • Ocasio-Cortez: 'There's no debate' that fossil fuel production should stop

    10/12/2018 5:02:41 PM PDT · by Libloather · 96 replies
    Fox News ^ | 10/12/18 | Lauren Lee
    Democratic House candidate Alexandria Ocasio-Cortez rallied an audience of supporters in Washington Thursday evening with calls to implement single-payer health care and tuition-free college – along with an appeal to stop fossil fuel production entirely. Ocasio-Cortez, who is running to represent New York’s 14th Congressional District, has made no secret of her opposition to fossil fuels. She’s called for politicians to forsake donations from the industry and is pushing a “Green New Deal” plan which entails a shift to 100 percent renewable energy by 2035. But she cast her position in stark terms Thursday, during a fundraiser at a restaurant...
  • U.S. OIL PRODUCTION AND KHASHOGGI DEATH: What Could Happen

    10/12/2018 7:43:09 AM PDT · by DIRTYSECRET · 30 replies
    They're really asking for this time with this murder/disappearance. Saudi Arabia could implode with the entire royal family going the way of the Tsar. Worst case scenario is the entire country shuts off ALL it's oil production. Then what? The entire world would be in chaos and the U.S. would not be able to make up the difference. At least Trump is putting us in the best possible position with our production. In some ways it would be like Katrina, a blessing in disguise. You gotta admit with all those haters in that part of the world keeping the lid...
  • Trump Sides With Farmers In Battle Against Refiners

    10/09/2018 4:17:49 PM PDT · by bananaman22 · 84 replies
    Oilprice.com ^ | 09-10-2018 | Nick
    The Trump administration announced a major policy change in an effort to win back farm country, allowing the year-round sale of a higher concentration of ethanol. Coinciding with a campaign stop in Iowa, President Trump announced the lifting of the ban of E15 during summer months, a significant win for the corn and ethanol industries. Up until now, E15 cannot be sold during the summer because of smog concerns. Ethanol producers saw their share prices skyrocket on the news. The decision comes after roughly 18 months of damaging policies to the agricultural industry. Former EPA Administrator Scott Pruitt became public...