According to a report by Korea JoongAng Daily, China appears to be preparing measures in case North Korea tests a nuclear device or performs another provocation, including possibly suspending oil to the regime, and adds that relations between Beijing and Pyongyang appear frostier than ever before.
Authored by Osama Rizvi via OilPrice.com,
Amidst the din of analysts speculating about whether oil prices will rise or fall, observers may well be overlooking some pressing questions about the very nature of the global oil market. The most significant of these questions relates to whether Saudi Arabia is losing its grip on the global oil market and if U.S. oil and gas producers are replacing the Saudis as the key global swing producer.
Authored by Nick Cunningham of OilPrice.com,
The global market for LNG is changing quickly, spurred on by new sources of supply from U.S. shale.
U.S. natural gas production surged over the past decade, as fracking opened up a wave of new gas supply. That wave led to a glut and a crash in prices long before shale drillers did the same for oil. The U.S. was sitting on massive volumes of gas that routinely traded as low as $2 or $3 per million BTU (MMMBtu).
A statement issued on Sunday by a joint command centre consisting of forces of Russian, Iran and allied militia alliance supporting Syrian President Bashar al Assad said that Friday's US strike on the Syrian air base crossed “red lines” and it would "respond with force" to any new aggression while increasing their level of support to their ally.
Not content with bombing Libya back to the Stone Age and stealing the oil, the US and key European allies are now in panic mode after their Libyan puppet extremists have lost control of the [...]