China Compromised, Biden Sells Out Land of the Free! Paul Driessen Senior Policy Analyst, CFACT …. …. [Editor’s Note: FERC Chair, Dick Glick, is a politically correct shill for the Biden regime and is ignoring West Virginia v. EPA to stifle fossil-fuels wherever possible.] The U.S. Supreme Court’s 6-3 decision in West Virginia v. EPA
Read More...Daniel B. Markind, Esq.Flaster Greenberg PC The folly of the unilateral energy disarmament being practiced on the West Coast and in New England shows the U.S. is being made less secure by fractivism. Two attacks on oil tankers in the Strait of Hormuz have set the energy world, and the world at large, on edge. It
Read More...Crude oil prices dropped Tuesday as renewed doubts of a U.S.-China trade pact stoked concerns over global growth, while U.S. sanctions on Iran and Venezuela tightened supply and helped to curtail losses, Kallanish Energy reports. President Trump Sunday said he would raise tariffs on $200 billion worth of Chinese goods from 10-25% by Friday. The comments
Read More...Iran’s oil minister last week warned Opec is “likely to collapse” because some members of the 14-nation group are working against their fellow producers, Kallanish Energy learns. It’s not hard to figure out the comments referred to Saudi Arabia and the United Arab Emirates. When U.S. Secretary of State Mike Pompeo first announced sanction waivers
Read More...Crude oil prices inched up Friday, as strong U.S. economic data boosted demand feelings, and as production drops in sanctions-hit Iran and Venezuela tightened the market, Kallanish Energy reports. Oil futures posted weekly declines on a jump in U.S. crude inventories reported recently. U.S. West Texas Intermediate crude futures settled 13 cents higher, at $61.94 per
Read More...Goldman Sachs expects the U.S.’s decision to end exemptions from sanctions for eight countries still buying oil from Iran to have a limited impact on crude prices — even though the timing is likely to have caught energy market participants by surprise. “While we acknowledge the near-term upside price risks, we reiterate our fundamentally derived
Read More...Crude oil prices rose to a five-month high Monday, on expectations for tighter global supply due to fighting in Libya, Opec+-led cuts and U.S. sanctions against Iran and Venezuela. International benchmark Brent futures were up 69 cents, or 1%, to $71.03 per barrel. U.S. West Texas Intermediate crude settled up 2.1%, at $64.40/Bbl, and hit its highest level since
Read More...Japanese refineries have stopped importing Iranian oil after buying 15.3 million barrels between January and March ahead of the expiration of a temporary waiver on U.S. sanctions, according to industry sources and data on Refinitiv Eikon, Reuters reported. The waiver, which allowed Japan to buy crude from Iran for an extra 180 days, expires in early May,
Read More...The Trump administration is granting Iraq a renewed 90-day waiver, exempting it from U.S. sanctions on Iran, a State Department official told CNBC Tuesday. The waiver, last issued in December and expired Tuesday, will allow Iraq to continue buying electricity from its neighbor, Kallanish Energy reports. “While this waiver is intended to help Iraq mitigate
Read More...Russian energy minister Alexander Novak said Sunday his country will be fully compliant with Opec+ supply cuts over the coming weeks. “As far as the meeting is concerned we, of course, discussed the situation with the execution of the agreement (and) we stressed once again that Russia is discharging its obligations in accordance with the agreement
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