Few geoeconomic game-changers are more spectacular than yuan-denominated future crude oil contracts – especially when set up by the largest importer of crude on the planet. And yet Beijing’s media strategy seems to have consisted in substantially play down the official launch of the petro-yuan at the Shanghai International Energy Exchange. Still, some euphoria was…
The highly anticipated yuan-backed crude oil futures have been launched in Shanghai. China is the world’s biggest oil consumer, with eyes on rival benchmarks Brent and WTI as well as the US currency. Trading of the new oil futures contracts for September settlement started on the Shanghai International Energy Exchange at 440.20 yuan ($69.70) per…
A US Army document concedes the real interests driving US military strategy toward Russia: dominating oil pipeline routes, accessing the vast natural resources of Central Asia, and enforcing the expansion of American capitalism worldwide. The Russians are coming. They hacked our elections. They are lurking behind numerous alternative political movements and news outlets. Such is…
According to various sources, Lebanon has agreed to give the Russian Armed Forces basing and transit rights as well as allow Moscow to develop offshore energy reserves in the Eastern Mediterranean in a move that’s being heralded as a game-changing pivot by some analysts in the Alt-Media Community. The popular narrative that they’re disseminating is…
War in Syria has entered its 7th year. The economic losses are estimated to be 226$ billion. According to a World Bank report published in 2017, about 530, 000 jobs have been lost and the refugee wave exceeded 5 million people. Petroleum industry has always been the backbone of Middle Eastern economies. The reason behind…
Soon after Saturday’s dangerous escalation involving Syria’s downing of an Israeli fighter jet in its airspace seemed to fizzle out, the Jerusalem Postreported that Israel was approaching the de-escalation period as a time to prepare for large-scale war with its northern neighbor by boosting its air defenses. According to those cited by the Post, convoys…
