Saudi Arabia’s surprise June 4 announcement of an oil production cut pushed prices up, a bit. But there’s an important counterweight to Saudi Arabia’s heft in the global energy market: US producers. The rumored death […]
Saudi Arabia has said it will reduce how much oil it sends to the global economy by one million barrels per day (bpd), as the OPEC+ alliance of major oil-producing countries faces flagging oil prices […]
OPEC+ members in Vienna have agreed to extend crude production cuts into 2024. In a statement, the cartel said that it was acting ” to achieve and sustain a stable oil market,” and that it […]
Commentary by Ben Cahill Published June 2, 2023 There is growing speculation that the Organization of the Petroleum Exporting Countries and allied producers (OPEC+) will agree on June 4 to cut production. Brent crude prices fell below $73 […]
VIENNA, June 4 (Reuters) – OPEC and its allies met on Sunday to try to agree further cuts in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut. […]
The arguments shared in this analysis about why Venezuela won’t join BRICS during this summer’s summit raise the question of why Lula publicly supported Maduro’s membership bid despite the near impossibility of it being approved. […]
Eni, an Italian multinational energy giant headquartered in Rome, in its latest 2022 report has outlined the main outcomes and objectives in the energy transition pathways for a number of African countries. It described Eni’s contribution […]
The BRICS alliance is looking to create a new currency to settle international trade and dethrone the U.S. dollar from its global status. If the new BRICS currency gains the trust of other countries, the […]
A bulldozer and a crane lift barren earth from the ground at breakneck speed as six men in white thobe gowns tied around their waists carefully stack 100-pound slabs of rock in a long, neat row. A […]
It is now established that the US dollar’s status as a global reserve currency is eroding. When corporate western media begins to attack the multipolar world’s de-dollarization narrative in earnest, you know the panic in Washington has fully set in. The numbers: […]
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