Saudi Arabia’s CEO Amin Nasr’s message to the press that oil flows to the market are guaranteed, should be taken with a pinch of salt. Looking at the current volatility in the Persian/Arabian Gulf and the possibility of a temporary closure of the Strait of Hormuz, the Aramco CEO’s message might be a bit overoptimistic….
India made a fool out of Iran by allying with its American & “Israeli” enemies, victimizing it with the blowback from its Hybrid War on CPEC, and crippling is budget by depriving it of its second-largest oil customer. India, true to Modi and his National Security Advisor Doval’s commitment to the Machiavellian-like tricks of their…
It’s always the oil. While President Trump was hobnobbing with Saudi Crown Prince Mohammed bin Salman at the G-20 summit in Japan, brushing off a recent U.N. report about the prince’s role in the murder of Washington Post columnist Jamal Khashoggi, Secretary of State Mike Pompeo was in Asia and the Middle East, pleading with…
Last week saw Japan’s Mitsui and Japan Oil, Gas and Metals National Corporation agree to buy a 10% stake in Novatek’s Arctic LNG (liquefied natural gas) 2 project for an officially undisclosed price, although Russia’s President Vladimir Putin independently stated that the investment would be around US$3 billion. The fact that Putin himself commented on the…
Washington has a new tactic in its ongoing campaign against Tehran: outsource the naval blockade of Iran and have allies seize oil tankers in international waterways – all in the name of “freedom of navigation,” of course. The latest out of Washington is that the US is looking to put together a “coalition” that would…
Gibraltar port and law enforcement officers, assisted by British special forces, last night boarded and seized a supertanker reportedly carrying Iranian crude oil bound for Syria in breach of EU sanctions. [Ie embargo/blockade.] The Panama-flag very large crude carrier Grace 1, which was carrying two million barrels of crude oil, was boarded 2.5 miles off…
