shtf
populationcollapse
debtcollapse
starvation
disaster
chaos
foodcollapse
oil prices
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 […]
10/31/2023
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By Arsenio Toledo
EU worried about diesel and oil supply shocks caused by Israel-Palestine conflict
European Union (EU) officials held an emergency meeting on Friday, Oct. 27, to discuss the potential for the continent to experience energy supply shocks stemming from the ongoing conflict between Israel and Palestinians in Gaza. EU Commissioner for Energy Kadri Simson called the emergency meeting to discuss potential issues should the supply chain disruptions caused […]
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 […]
10/11/2023
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By News Editors
This means war
Last week we described moves in the bond market as chaotic, but the silver lining was a sharp pullback in crude oil prices that saw Brent move from more than $97/bbl at one point to $84.58/bbl by the end of the week. It now looks as though that silver lining could be fleeting, as Hamas’s […]
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 […]
02/07/2023
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By Arsenio Toledo
Oil prices to rise above $100 a barrel this year due to lack of investment in energy production capacity
The price of oil will rise back above $100 a barrel this year, and will continue rising in 2024 due to serious supply problems as spare production capacity runs out. This dire warning comes from senior Goldman Sachs analyst Jeff Currie, who spoke at an event in Riyadh, Saudi Arabia. “The commodity super cycle is […]
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 […]
10/12/2022
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By Ramon Tomey
Biden set to “re-evaluate” US ties with Saudi Arabia following OPEC+ supply cut, promising “consequences”
U.S. President Joe Biden said he will re-evaluate the country’s ties with Saudi Arabia after the kingdom and its oil-producing allies announced a reduction in their oil output. He also promised “consequences” toward the oil producer after its decision, which is viewed by many as a message that it is siding with Russia. “I’m not […]
10/12/2022
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By Mary Villareal
The Zelenko Report: OPEC’s 2M-barrel supply cut a political statement, says Ann Vandersteel – Brighteon.TV
Ann Vandersteel, co-chair of the Zelenko Freedom Foundation (ZFF), said the supply cut announced by the Organization of the Petroleum Exporting Countries (OPEC) was a political statement. She made this claim during the Oct. 6 episode of “The Zelenko Report” on Brighteon.TV. A day before the episode aired, OPEC and its allies – under the […]
10/07/2022
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By Ramon Tomey
Saudi Arabia fortifies relations with Russia, thumbing its nose to the West
As major Western powers are cutting ties with Russia amid its invasion of Ukraine, Saudi Arabia appears to be doing the opposite by strengthening relations with Russia. According to the Guardian, Russian President Vladimir Putin and Prince Mohammed bin Salman – the Saudi prime minister – have a lot in common. It mentioned that both […]
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