Tag: Oil

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…

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:…

Chinese Petroyuan To Replace Rothschild Deep State Petrodollar

Petrodollars have dominated the global energy markets for more than 40 years. But now, China is looking to change that by replacing the word dollars for yuan. Nations, of course, have tried this before since the system was set up by former US Secretary of State Henry Kissinger in tandem with the House of Saud back…

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…

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…

Venezuela “Free Of The Rothschild Dollar Tyranny” Oil Priced In Chinese Yuan

Venezuela published the price of its oil and fuel in Chinese currency on Friday in what it called an effort to free the socialist-run country from the “tyranny of the dollar,” echoing a plan recently announced by President Nicolas Maduro. Maduro last week said his government would shun the dollar after the United States announced…

Gold Backed Yuan: China Plans To Send The Price Of Gold Skyrocketing

In case anyone was wondering what the Chinese government is up to, this is exactly how China plans to send the price of gold skyrocketing. China Continues Its Massive Accumulation Of Gold: Stephen Leeb:  “At the moment, a stack of about 25 recently published books teeters on the floor next to my desk. They’re all about…