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For The First Time Ever Russia Beats Saudi Arabia As China's Top Oil Supplier

For The First Time Ever Russia Beats Saudi Arabia As China's Top Oil Supplier

While OPEC members were infighting over crude production and export quotas, posturing with temporary production cuts (just so the Saudis could get a six month reprieve during which it clears out a massive internal crude glut), Russia was busy capturing market share, and according to overnight Chinese data, Russia overtook Saudi Arabia as China’s top oil supplier last year for the first time ever boosted by robust demand from independent Chinese "teapot" refineries.

Pepe Escobar: Here's How The Trump Presidency Will Play Out

Authored by Pepe Escobar via The Saker,

The Trump era starts now – with geopolitics and geoeconomics set for a series of imminent, unpredictable cliffhangers.

I have argued that Trump’s foreign policy guru Henry Kissinger’s strategy to deal with the formidable Eurasia integration trio – Russia, China and Iran – is a remixed Divide and Rule; seduce Russia away from its strategic partnership with China, while keep harassing the weakest link, Iran.

Obama: “Big Countries Don’t Invade And Bully Smaller Countries”

Drone king Barack Obama took a final jab at Russia before leaving office. During his last press conference on Wednesday, Barack Obama, the winner of the 2009 Nobel Peace Prize, said that the United States must stand up for the principle that “big countries don’t go around and invade and bully smaller countries.“ Obama was referring to Russia, after the they came to defend Crimea and Ukraine following a US-led color revolution.

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