Tag Archives: oil prices

United States and its unique Worldwide War Propaganda Machine : the Dollar


  • Firstly published: October 2016

The main aspect of these USA elections was not elections, but war according to the controversial Russian political scientist Alexander Dugin who has close ties with the Kremlin and the Russian military.  For him, the recent attack of US coalition on Deir Ezzor Syrian government targets, backed by Russia and which helped ISIS to advance in the area, has led to reach a  pro-war climax. Yet, the financial system of these two countries depends one another in such a way that going to war now makes it impossible for both US and Russia. But propaganda always motivates elections and boosts the army industry.

Of course Russia and the United States both caused the death of a lot of civilians in Syria and this war seems that it has no issue or outcome for the time being.

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Oil prices rise on OPEC and Russia’s deal to cut production (en/fr)


According to Reuters, the Organization of the Petroleum Exporting Countries (OPEC) said Wednesday that it would cut production by 1.2 million barrels a day from 33.6 million barrels and said it expects producers from outside the group, including Russia, to join with additional cuts totaling 600,000 barrels a day. On Thursday, 12/1, Azerbaijan said it was also willing to engage in talks on cuts while Indonesia suspended its membership. 

Continue reading Oil prices rise on OPEC and Russia’s deal to cut production (en/fr)

Monday 18 April, 2016 Update: Doha Fails To Mend Oil Markets


The key point of disagreement arose between Iran and Saudi Arabia. Riyadh refuses to make any concessions to its regional archrival, who seek to increase their oil output to pre-sanction levels.

According to Global Risk Insights, The Doha failure reflects long-standing disagreements between the two Persian Gulf powers over regional supremacy and conflicts in Syria and Yemen. It also confirms the fact that Opec, and Saudi Arabia, lost their ability to act as a global swing producer, which puts the 56 year old Cartel’s existence and purpose into question.

In practice however, the meeting would not change much in terms of global demand and supply. The participating countries were discussing capping oil production at their current almost record high levels, which still leaves the markets well oversupplied.

Oil prices rose more than 3% today, the 20th of April, after a smaller-than-expected US crude build offset glut worries stirred by the end of a Kuwaiti strike and on speculation that major oil producers were meeting in Russia in May for another attempt at curtailing output.

Moscow, however, denied media reports of such an impending meeting.

crude oil prices 20th april 2016 graph
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Today's Defense & International Relations Topics

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Over the weekend, talks in Doha between the world’s largest oil producers ended without an agreement to limit production and supplies. Oil ministers from 16 nations came together in an effort to stabilize the global market. The roadblock in the discussions was Saudi Arabia and other Gulf nations refusal to agree on a deal unless all OPEC members joined in agreement.  The Saudis have stated that they will not restrain production until there are commitments from the other major producing nations. This statement was aimed directly at Iran, which did not attend the meeting and has ruled out limiting its oil production until the levels return to what they had been before Western sanctions were imposed. It is obvious that the chances for a deal have fallen victim to the geopolitical conflict between Saudi Arabia and Iran.

While the Doha talks have failed to bring about a path towards ending…

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Energy companies are finally starting to come back into favor.


After enduring the longest oil-price collapse in more than a decade, crashing profits and an investor exodus, Europe’s biggest producers are regaining fans as analysts bet earnings bottomed last quarter and will now start to recover.
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