The massive explosion that rocked Lebanon completely obliterated the Port of Beirut. Although, officials did not say what caused the initial blaze that set off the blast, the Port of Beirut has been caught in a covert war brewing...
Hugo Chavez, the former President used to roam the streets of Venezuela in tanks filled with Gold bars displaying to his countrymen how their Gold and Oil would be used to pull the nation out of the Petrodollar system....
President Nicolas Maduro has announced that Venezuela will sue US in International Criminal Court (ICC) for severe damage caused by the economic sanctions. Meanwhile, an India-Russia partnership is helping Venezuela bypass the US imposed sanctions.
Venezuelan President Nicolas Maduro has...
In a big blow to the Aatmanirbhar Bharat Abhiyan, India is planning to store its Oil in US Reserves. Although the move will create further energy-dependency for India in the event of supply-chain disruption or price-spikes, the policy is...
A secret oil deal between China and Iran at the heart of the One belt One Road project will change the geopolitical balance of power in the Middle East. The manufacturing products created by utilizing cheap Iranian resources will...
Three months from now, an EU-wide embargo on Russian crude oil imports will kick in, shutting off almost all shipments of the commodity from Russia to Europe. But right now, Europe is importing over 1 million barrels of Russian crude daily and has been doing so for the last month. Someone is stocking up before the taps turn dry.
The Economy Ministry stated that it was determined to pursue measures against the Rosneft-owned refinery in Schwedt actively threatening to seize Gazprom facilities from Russia.
While whispers of the current emerging market debt crisis, the result of the rapidly strengthening dollar, could be heard throughout the summer, virtually no one predicted the blow the dollar’s rise would deal to some other developed economies. But with the dollar reaching levels not seen in a generation, a battering is precisely what several are being unexpectedly dealt.
India's payment to Putin's government is still far less than that of China. Let's take a look at exactly what India and China are spending on Russian oil in the present market.
According to local sources that spoke with SANA, the US has resumed theft of Syrian oil hours after an attack. Tanker trucks were seen being taken out of Syria as part of a 148-vehicle convoy that crossed the border.
