shtf
populationcollapse
debtcollapse
starvation
disaster
chaos
foodcollapse
crude oil
12/08/2023
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By Laura Harris
OPEC+ to implement voluntary oil production cuts in 2024, further strangling the global energy supply
After days of intense negotiations and delays caused by disputes over production baselines, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have reached an agreement to implement voluntary oil production cuts. The meeting, originally scheduled to take place in person in Vienna, Austria from Nov. 25 to 26, was […]
10/24/2023
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By Laura Harris
Reserve Bank of Australia Gov. Michelle Bullock: Israel-Hamas conflict may contribute to oil price increase and global inflation
Reserve Bank of Australia (RBA) Gov. Michelle Bullock explained the potential impacts of the ongoing Israel-Hamas conflict on oil prices and global inflation during her first public appearance at the AFSA Annual Summit Panel in Sydney. Bullock pointed out that one immediate consequence of the conflict in the Middle East was the rapid surge in oil prices. She […]
10/11/2023
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By Arsenio Toledo
Oil prices surge following large-scale clashes between Israel and Palestine
Large-scale hostilities between Israel and Palestinian militant groups in the Gaza Strip have sent crude oil prices surging even after oil prices already spent the entirety of the summer inching their way closer to $100 a barrel. The amount of conflict between Israel and Palestine has reached a level not seen in months, and traders have responded […]
08/07/2023
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By Arsenio Toledo
OPEC’s crude production DROPS to its lowest level in three years as Saudi Arabia continues to throttle oil production
The Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production has plummeted to its lowest level in three years, largely due to Saudi Arabia implementing deeper cutbacks in production in a bid to shore up global oil prices. Data shows that OPEC’s crude oil output plunged by 900,000 barrels a day last month to an […]
11/15/2022
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By Arsenio Toledo
US-EU price cap on Russian oil threatens India’s crude imports and economic growth
India is about to lose its access to Russian oil exports if the United States and its European allies push through with a plan to force Russia to only sell crude oil at a capped price while under sanctions. In 2021, India imported 214 million metric tons (235.9 million tons) of crude oil, making it […]
11/01/2022
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By Mary Villareal
US oil price to surge again in December as Saudis cap production and EU embargo takes effect
Another oil price surge is expected in December in the U.S. if a European embargo on Russian oil goes into effect and the Saudis refuse to increase production to make up for the anticipated drop in supply. Saudi Arabia has issued a warning aimed at the U.S. over crude oil and supply agreements, with Prince […]
10/18/2022
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By Kevin Hughes
Hungary, Serbia building pipeline for Russian oil and gas to dodge EU sanctions
Hungary and Serbia are planning to build a new pipeline to dodge sanctions imposed by the European Union (EU) on Russian oil. The new pipeline will connect to the Druzhba pipeline, also known as the Friendship pipeline, linking Budapest and Moscow. Hungarian Secretary of State for Public Diplomacy and Relations Zoltan Kovacs made the announcement […]
06/23/2022
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By Kevin Hughes
Reality Camp: Stacey Campfield slams Joe Biden for overseeing America’s DOWNFALL – Brighteon.TV
“Reality Camp” host Stacey Campfield slammed President Joe Biden’s for overseeing America’s downfall, most especially in the aspect of oil production. “The only country that Joe Biden has crippled has been America. The only oil industry that he has really shut down has been American oil,” Campfield said during a recent episode of his talk show on […]
05/20/2022
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By Mary Villareal
EU committing economic suicide by imposing sanctions on Russia
Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will mean that […]
05/13/2022
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By Ramon Tomey
Oil-producing giants warn of dwindling energy supply worldwide as fuel prices hit record highs
Two oil-producing giants – Saudi Arabia and the United Arab Emirates (UAE) – warned that the global energy supply is dwindling amid high fuel prices and increased demand. Officials from the two Middle Eastern nations issued their warnings during a May 10 conference of the Organization of the Petroleum Exporting Countries (OPEC) held at the UAE’s […]
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