The vice president of Iran on Tuesday claimed that sanctions imposed by U.S. President Donald Trump have failed to fulfill America’s pledge to cut Tehran’s crude oil exports down to zero.
An agreement among member nations of the Organization of Petroleum Exporting Countries to reduce output by one percent was announced Wednesday morning.
Over the many months and pay cycles since the downturn in 2014, Texas’ oil and gas industry has seen one bad headline after another. The state has witnessed major bankruptcies; repeated rounds of workforce downsizing; aborted mergers; endemic rig stacking; and a political inquisition to criminalize unapproved thoughts on climate change.
Saudi Arabia has scuttled talk of a deal with other big oil nations to cut production and “warned high-cost operators such as U.S. shale drillers to trim costs or go bust, in a stark message that triggered fresh pressure on crude prices,” as the Financial Times put it.
Financial manager Ed Butowsky appeared on Breitbart News Saturday to discuss the latest economic news, criticizing the “complicit media” for slanting its reporting on jobs to favor the Obama Administration.
China is teetering on the edge of a 1929-style stock market meltdown, and Greece might be about to exit the Euro. China is worried about what the Grexit, or an even larger collapse of the Euro, might do to its house-of-cards stock market. Everybody else is worried about what a Chinese collapse could do to their markets, especially since Western socialists have sold so much of their own nations to China over the years.
On Monday, Saudi Arabia’s stock markets, the biggest in the Middle East, were open to foreign investors for the first time in history.
Nigerian officials reached a preliminary agreement with multinational oil firms to pay back the $800 million Nigeria owes the oil suppliers in an effort to bring an end to the country’s dire fuel shortage.
