oil
Amid Middle East Realignment & Saudi Blockade, Qatar Withdraws from OPEC
Qatar is withdrawing from oil organization OPEC, while Saudi Arabia continues its blockade. Colonel Larry Wilkerson says this is part of a larger realignment in the Middle East, as Turkey exerts more influence
World Leaders Fight Over Turbulent Oil Market at G20 Summit
As world leaders gather for the G20 summit, oil is at the top of the list of issues. Scholar Vijay Prashad discusses the fight between the US, Russia, China, and Saudi Arabia over price and production, and notes India is in talks with Crown Prince MBS
The Two-Trillion Bubble: What Aramco IPO reveals about MBS’s 2030 Vision
Dr. James M. Dorsey / Aljazeera. Tuesday, 18 September 2018 11:26 Mecca The disconnect between Saudi imperatives and the expectations of Western governments and financial markets who repeatedly focussed on unmet Saudi time indications of the Aramco IPO rather than broader policy statements fit a pattern of misperceptions. A Saudi decision to indefinitely delay an…
Can Baltimore Take on Big Oil?
Baltimore City Solicitor Andre Davis explains why the city is suing big oil companies and responds to critics who say the suit doomed to fail
Iraq’s protests: What you need to know
DW. Protests against corruption, poor services and unemployment are challenging the Shiite political class that since 2003 has pilfered the country’s resources. Demonstrations in Iraq are not new, but these are different. July has witnessed soaring temperatures in southern Iraq that have boiled over into popular mass mobilization against corruption, wretched services and unemployment. Mass…
The Fed Is Driving Down Oil Prices
By Nick Cunningham / Oilprice. The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world. The U.S. Federal Reserve announced another rate hike a few days ago, which helped edge…
Emerging Market Meltdown Could Undermine Oil Rally
By Nick Cunningham / Oilprice.com Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn’t necessarily mean higher oil prices are entirely out of the question, and in fact, the oil market is still faced with…
US Occupying Oil-Rich Areas in North Syria to Choke Damascus
Turkish-Kurdish journalist Ali Ornek says the United States is keeping a military presence in SDF/YPG-held areas in northern Syria to starve the government in Damascus of revenue needed to rebuild
City Council Moves Forward With Ban on Crude Oil Facilities
The proposal would ban new crude oil terminals in Baltimore and prevent two existing terminals from expanding, which advocates say would stop the city from becoming a crude oil hub and mitigate the risk of an oil train explosion
Trump’s Budget and Infrastructure Plans Threaten Environment
Sierra Club Executive Director Michael Brune says that both proposals will create more pollution and exacerbate climate change, serving fossil fuel donors’ interests at the expense of the environment