Authored by Irina Slav via OilPrice.com,
The chief executive of Russian state oil major Rosneft met yesterday with Cuba’s President Raul Castro, suggesting that the two are working on an energy deal, Reuters reports.
Rosneft started exporting crude oil to the Caribbean island earlier this year as its main supplier, Venezuela, struggled with a decline in its own production, and in October Sechin said there were plans to increase oil shipments to Cuba.
Authored by Nick Cunningham via OilPrice.com,
Oil from Canada’s oil sands is now selling at a $27-per-barrel discount relative to WTI, the sharpest difference in more than four years.
Western Canada Select (WCS), a benchmark for oil from Alberta’s oil sands, has plunged in December, falling to just $30 per barrel at the end of this past week. WCS typically trades at a discount to WTI, reflecting the differences in quality from lighter forms of oil, as well as the extra transportation costs to move oil hundreds of miles out of Alberta.
Authored by Chris Martenson via PeakProsperity.com,
... is leading us to destruction.
When it comes to the story we're being told about America's rosy oil prospects, we're being swindled.
At its core, the swindle is this: The shale industry's oil production forecasts are vastly overstated.
Swindle: Noun - A fraudulent scheme or action.
Authored by Nick Giambruno via InternationalMan.com,
I recently spoke with my friend and colleague Chris Lowe about China’s new alternative financial system - and how it could mortally wound the US dollar. It was such an important discussion that I had to pass it along.
Chris is the editor of Bonner & Partners’ Inner Circle. His publication shares insights from Bill Bonner’s personal global network of analysts and investment experts.
U.S. equity index futures pointed to early gains and fresh record highs, following Asian markets higher, as European shares were mixed and oil was little changed, although it is unclear if anyone noticed with bitcoin stealing the spotlight, after futures of the cryptocurrency began trading on Cboe Global Markets.