OPEC Shuts Down Oil Shipments To U.S. Refiners: Iraqi Oil Surges

U.S. refiners are receiving smaller shipments of oil from members of the Organization of Petroleum Exporting Countries (OPEC) due to the bloc’s production cut agreement, according to a new report by Bloomberg. Weekly crude imports from seven bloc nations dropped by 14 percent last week, the Energy Information Administration said. The fall brings import levels … Continue reading OPEC Shuts Down Oil Shipments To U.S. Refiners: Iraqi Oil Surges

China’s Gold PetroYuan Futures Open: Gold Oil Surging To Multi-Year Highs As Over 10 Billion Trades In First Hour

China's launching of the yuan-denominated oil futures contract will shock those investors who have not been paying attention After all the preparation, all the expectation, cheerleading and doomsaying, China's Yuan-denominated crude oil futures contract began trading tonight and appears to be off to a good start with well over 10 billion yuan notional traded within the … Continue reading China’s Gold PetroYuan Futures Open: Gold Oil Surging To Multi-Year Highs As Over 10 Billion Trades In First Hour

Investors Already Bracing On $100 Oil In 2018

* Open interest trebles in December 2018 $100 calls * $100 calls now largest strike by open interest for 2018 * Interest rising in bullish 2018 calls above $75 By Amanda Cooper LONDON,  (Reuters) - When crude prices crashed in early 2016 to $27 per barrel, most industry executives said the world had seen the … Continue reading Investors Already Bracing On $100 Oil In 2018

China Prepares To Launch Its Gold Convertible Petro-Yuan March 26, 2018: Five ‘Test Runs’ Have Successfully Completed.

The world’s top oil importer, China, is expected to launch its long-awaited and delayed yuan-denominated oil futures contract at the end of March, according to Reuters’ sources. The petroyuan is seen as Beijing’s challenge to the US dollar, the dominant global currency in oil contract settlements. UPDATE March 26, 2018: China’s Gold PetroYuan Futures Open: … Continue reading China Prepares To Launch Its Gold Convertible Petro-Yuan March 26, 2018: Five ‘Test Runs’ Have Successfully Completed.

Iraq’s Largest Oil Refinery Complex In Bayji Being Prepared To Be Placed Back Online: Iraqi Oil Sales Surges Surpassing Saudi Arabia As Fastest Growing Market

Iraq began to rebuild its largest oil refinery this week, jumpstarting an effort to reconstruct the country after a three-year war with the [CIA Mossad Proxy Army ISIS aka] terrorist Islamic State, an announcement from the oil ministry said. The Baiji complex should produce 70,000 barrels of oil per day upon completion, ministry spokesman Assem … Continue reading Iraq’s Largest Oil Refinery Complex In Bayji Being Prepared To Be Placed Back Online: Iraqi Oil Sales Surges Surpassing Saudi Arabia As Fastest Growing Market

China Launching “Petroyuan”

The writing is on the wall for dollar hegemony. As Russian President Vladimir Putin said almost two months ago during the BRICs summit in Xiamen, “Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial … Continue reading China Launching “Petroyuan”

Oil Prices Skyrocketing: Breaks $60 Per Barrel

  Oil Prices Finally Break $60 Oil prices finally broke the $60 mark this week after positive EIA reports and strong rhetoric from both OPEC and Russia. Important Note for Energy Investors: Experts predict a dull 2018 for oil, but one obscure public energy company is poised to explode—and this $10 stock could hand you … Continue reading Oil Prices Skyrocketing: Breaks $60 Per Barrel

Iraq Offensive, Kirkuk Oil Is Now Fully Under Iraqi Military Control: New Oil Pipeline Bypasses US Politically Controlled Kurdistan Region

Iran, Iraq, And Turkey Unite To Block Kurdish Oil Exports: Netanyahu Owes Iraq $1.5 Trillion For Stolen Kirkuk Oil Iraq's military has effectively gained control of major assets and government buildings in Kirkuk city, and is now set to fully pacify it after overnight clashes at a moment when oil prices rose toward a six month high … Continue reading Iraq Offensive, Kirkuk Oil Is Now Fully Under Iraqi Military Control: New Oil Pipeline Bypasses US Politically Controlled Kurdistan Region

Iraqi Oil Surges 30% To China & 23% To India Surpassing Saudi Arabia As Fastest Growing Market

Iraq is gaining the edge over Saudi Arabia in the world’s fastest-growing oil consumer amid an intensifying race among producers to retain their most-prized markets. Iraq was the top crude supplier to India for a third month in May, shipping 1 million barrels a day, according to shipping data compiled by Bloomberg. Iraqi supplies accounted … Continue reading Iraqi Oil Surges 30% To China & 23% To India Surpassing Saudi Arabia As Fastest Growing Market