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Tag: Oil

The EU to End All Russian Gas Imports by 2027

The European Union will phase out all Russian oil imports by January 1, 2028. New contracts will be prohibited after January 2026; existing short-term contracts...

Exxon Announces Mass Layoffs

Recent data from the Chicago Fed and ADP indicate new hires at a 16-year low. The ADP offered a bit of promising news for large corporations as they managed to...

US Secures $15B Energy Deal with Italy

Italy has finalized a major energy deal with the United States, which will reform energy trade between the two nations. Unlike other European countries that are...

The Strait of Hormuz – Incoming Global Energy Crisis?

Supply chain constraints are inevitable during wartime. Shippers are actively avoiding the Strait of Hormuz that connects the Persian Gulf to the Arabian Sea amid...

Saudi Arabia to Fund Ukraine?

Зеленський перебуває з неоголошеним візитом у Саудівській Аравії. Поговорив із принцом....

Does China Control America’s Strategic Petroleum Reserves?

Sen. Eric Schmitt, R-Mo. Reminded the US Energy Secretary, Jennifer Granholm, “We are not governed by a world government – yet!” The Biden Administration...

Big Oil v. California

Chevron can no longer remain profitable in California, where politicians fail to understand the impact of reducing fossil fuels without a reliable alternative. The...

Iran and Saudi Arabia – Mutual Friends

Iran and Saudi Arabia are now mutual friends through China. The two countries had been sworn enemies since the beginning of time, representing conflicting Shiite...

The End of the Petrodollar?

Another oil deal has been initiated without the use of the dollar. The India Ministry of External Affairs (MEA) announced that their latest trade deal with Malaysia...

Washington Downplays Poor Relations with Saudi Arabia

The Davos in the Desert meeting has humiliated Washington. The president himself was unable to secure a deal with Saudi Arabia, and now America’s elite are...