This nasty oil rivalry is why a genuine output freeze is a long shot. Investors awaiting Sunday’s meeting of major oil producers in Doha are eyeing signs of a pact that could freeze oil production in a bid to stabilize prices.
But they are also mindful of a political dynamic that threatens to derail an agreement: Saudi Arabia and Iran don’t like each other. Saudi Arabia has said any deal would have to include its neighbor across the Persian Gulf. Iran’s oil minister called that idea a “joke” in February. Oil Mystery: How IEA Lost Track of 800,000 Barrels a Day...for One Year. Europe Get short URL.
Russian Fighter Jets Target Bunch of Militants Entering Syria from Turkey. The Russian Air Force tracked and targeted a long column of terrorists crossing Turkish border to join their comrades in Northern and Northwestern battlefields in Syria.
Wars are being fought as in 'barbarian times', warns MSF chief. Attacks against civilians in war zones across the world have grown more indiscriminate due to a myopic focus by the major global powers on fighting terrorism, the head of the international charity Médecins Sans Frontières has said.
In Hussein's Footsteps? Erdogan is Walking Straight Into Washington's Trap. Politics Get short URL On February 19 Washington dismissed a draft resolution by Russia aimed at preventing a Turkish invasion of Syria at the United Nations Security Council (UNSC); by making move the Obama administration is in fact giving the green light to Ankara's ground operation in Syria, US independent journalist Mike Whitney believes.
News360. The Dirty War on Syria: New E-Book by Prof. Tim Anderson. No other text brings together all the major accusations and their effective refutation.
This text is essential reading for all peace and justice activists. -James Petras, Author and Bartle Professor (Emeritus) of Sociology at Binghamton University, New York, Research Associate of the Centre for Research on Globalization. Obama Eager to Slow Russian Campaign in Syria 'By Any Means Possible' Politics Get short URL.
What’s Really Going on with Oil? If there is any single price of any commodity that determines the growth or slowdown of our economy, it is the price of crude oil.
Too many things don’t calculate today in regard to the dramatic fall in the world oil price. In June 2014 major oil traded at $103 a barrel. Russia steals Saudi's crown as China’s top oil supplier — RT Business. Moscow is gaining momentum as the biggest seller of crude oil to China, with Russian crude supplies overtaking those from Saudi Arabia.
According to data from RBC Capital Markets, the Saudi share of Chinese crude imports at the beginning of the decade was about 20 percent, while Russia's was below 7 percent. The situation has changed. Read more "Russia is the biggest rival to the Saudis in the single-largest oil demand growth country in the world," Michael Tran, RBC Capital Markets' commodity strategist told Business Insider. Dead on Target: Unknown Sniper Taking Down Daesh Commanders in Libya.
At least three Daesh commanders have been shot dead within 10 days from a long range in the city of Sirte, causing nervous fuss among the terrorists.
It's still unknown whether the sniper is a lone wolf or there is a team of shooters working to take down Daesh leaders, the British newspaper said, citing local media. In an attempt to track down the shooter, the jihadists began arresting and executing people whom they accused of being the sniper. But their attempts were in vain, as the assassin most recently shot Abdullah Hamad al-Ansari, a top Daesh commander from the Libyan city of Obari, the source said. Iran undercuts Saudi oil prices in the battle for Europe — RT Business.
Tehran will provide a $6.55 discount on heavy crude for its European consumers, Reuters cites the National Iranian Oil Company. Saudi Arabia currently sells oil to Europe at a discount of $4.85 a barrel. Read more The announcement came a day after Saudi state-owned Aramco said it would expand discounts for its light crude by $0.60 a barrel to northwest Europe and by $0.20 a barrel in the Mediterranean for February delivery. The rebate on Iran’s light crude matches Saudi’s February official selling price for oil to northwest Europe. Iran is planning more price cuts to Europe next month in line with similar reductions by Saudi Arabia, and is willing to compete with its major rival without making deep discounts, reports the Wall Street Journal. ISIS massacres 280 civilians for ‘cooperation with the Syrian army’ – reports. Islamic State jihadists have reportedly slaughtered up to 280 people in the Deir ez-Zor province, killing “whole families” for alleged cooperation with the Syrian troops.
The killings are said to have taken place a day after Russian humanitarian aid was airdropped in the region. Local residents told Sputnik news agency the massacre happened in al-Bagilya settlement, an area which received Russian airlifted aid earlier. Uk.businessinsider. Here We Go Again: Western Powers Preparing for New Invasion of Libya? Politics Get short URL A report released by the United Nations in early December 2015 warned about Daesh beefing up its military presence in Libya; indeed, the northern African state is strategically important to Islamists due to its geographical location at the crossroads between the Middle East, Africa and Europe. French Delegation Visits East Ukraine, Talks About Horrors of War. Europe Get short URL The residents of Donbass aren't living, they're simply trying to survive, Clostermann told Sputnik. The delegation of French human rights activists consisted of Jacques Clostermann, the leader of the human rights organization My Country France and two human rights lawyers, Josy-Jean Bousquet and Hanen Maksud, according to Novorossia Today News Agency.
Oil & gas ‘zombies’ on the rise as US oil production set to decline through 2016. US crude oil production declined by about 60,000 barrels per day in November and will continue to drop until the end of 2016, a new forecast says. Meanwhile, the slump is forcing US companies to shrink production, creating gas and oil “zombies.”
According to the US Energy Information Administration (EIA) projections, local crude oil production averages 9.3 million b/d (barrels per day) in 2015, but will fall to 8.8 million b/d next year. In its recent short-term outlook, the EIA said US crude oil production lost about 60,000 b/d in November compared with October, continuing the decline tendency that began in May 2015. Since then, total US crude oil production fell from 9.6 million b/d in April to an estimated 9.2 million b/d in November. The EIA also forecasts oil prices below $60 a barrel throughout the reviewed period (through 2016), warning that the situation is expected to limit onshore drilling activity.
US ‘pipe dream’ on how to defeat ISIS — RT Op-Edge. ‘New Jungle’ grows: Shocking images show migrant camp in French port city, mayor calls on army. Rand Paul: “Look Where ISIS Gets Its Weapons From” » Infowars Alex Jones' Infowars: There's a war on for your mind! Russian Air Force decimating terrorist command centers, bunkers, camps, workshops – Defense Ministry. International violation? US Army considering hollow point bullets for pistols — RT USA. US To Begin the Invasion of Syria. Washington Policymakers Call for the Division, Destruction and Military Occupation of Syria.
'If Syria's Assad falls, jihadists would fill the void' — RT Op-Edge. Published time: July 07, 2015 14:06 U.S. President Barack Obama (C) sits down to a meeting with Defense Secretary Ash Carter (L) and Chairman of the Joint Chiefs of Staff U.S. Army General Martin Dempsey (R), for an update on U.S. efforts against the Islamic State (ISIS), at the Pentagon in Arlington, Virginia July 6, 2015. (Reuters/Jonathan Ernst) If the government of Bashar al-Assad is dismantled, then either ISIS, or other terrorist organizations would take over in Syria, Richard Becker from the anti-war Answer Coalition told RT.
Bin Laden’s son asked US for father’s death certificate – WikiLeaks — RT USA. Published time: June 20, 2015 14:37 Osama bin-Laden. (Reuters) WikiLeaks has released a letter revealing how one of Osama bin Laden’s sons had asked Washington for a death certificate after US Navy SEALS said they had taken him out. Global Terrorism Database. Saudi war crimes: Double standards and whitewashing? — RT Op-Edge. Catherine Shakdam is a political analyst, writer and commentator for the Middle East with a special focus on radical movements and Yemen. Published time: June 05, 2015 13:08. Donbass and the “Big Game”: Reformatting Ukraine is on the Agenda. “Russia will not Remain on the Sidelines”