By F. William Engdahl By the day it’s becoming clearer that what I have recently been saying in my writings is coming to be. The OPEC oil-producing states of the Middle East, including Iran, through the skillful mediation of Russia, are carefully laying the foundations for a truly new world order. The first step in testing … Continue reading
By Jeff Desjardins, Visual Capitalist Every day, the world consumes 93 million barrels of oil, which is worth $4.2 billion. Oil is one of the world’s most basic necessities. At least for now, all modern countries rely on oil and its derivatives as the backbone of their economies. However, the price of oil can have significant swings. … Continue reading
By Peter Koenig and The Saker The Saker: How is Russia coping with sanctions so far and what are the prospects for the future? Peter Koenig: Let’s begin with what are ‘sanctions’? – Sanctions are (economic) punishments by the self-proclaimed empire in Washington and its European minions on any country that does not follow the … Continue reading
By Mohamed A. El-Erian Oil prices have been heading south again, with a barrel of US crude recently falling below $42 – the lowest level since March 2009, the nadir of the global financial crisis. And, while last year’s sharp price drop was heavily influenced by two large supply shocks, the current decline also has an … Continue reading