shtf
populationcollapse
debtcollapse
starvation
disaster
chaos
foodcollapse
oil production
12/08/2023
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By Laura Harris
OPEC+ to implement voluntary oil production cuts in 2024, further strangling the global energy supply
After days of intense negotiations and delays caused by disputes over production baselines, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have reached an agreement to implement voluntary oil production cuts. The meeting, originally scheduled to take place in person in Vienna, Austria from Nov. 25 to 26, was […]
08/07/2023
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By Arsenio Toledo
OPEC’s crude production DROPS to its lowest level in three years as Saudi Arabia continues to throttle oil production
The Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production has plummeted to its lowest level in three years, largely due to Saudi Arabia implementing deeper cutbacks in production in a bid to shore up global oil prices. Data shows that OPEC’s crude oil output plunged by 900,000 barrels a day last month to an […]
02/15/2023
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By Arsenio Toledo
Russia to shift 75-80% of oil exports to “friendly” nations
Russia will radically shift its exports of oil, selling between 75 percent to 80 percent to “friendly” nations this year, according to Deputy Prime Minister Aleksandr Novak. The official noted that these countries would also receive around 75 percent of Russia’s refined oil products and that Moscow will continue looking for new markets in more accepting nations. […]
02/13/2023
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By Arsenio Toledo
Russia to cut oil output by 500,000 barrels per day in response to Western price cap
Russia announced on Friday, Feb. 10, that it will cut oil production by 500,000 barrels per day in March in retaliation for a United States- and European Union-led cap on the price of Russian crude oil and other oil products. “As of today, we are fully selling the entire volume of oil produced. However, as […]
02/07/2023
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By Arsenio Toledo
Oil prices to rise above $100 a barrel this year due to lack of investment in energy production capacity
The price of oil will rise back above $100 a barrel this year, and will continue rising in 2024 due to serious supply problems as spare production capacity runs out. This dire warning comes from senior Goldman Sachs analyst Jeff Currie, who spoke at an event in Riyadh, Saudi Arabia. “The commodity super cycle is […]
11/01/2022
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By Mary Villareal
US oil price to surge again in December as Saudis cap production and EU embargo takes effect
Another oil price surge is expected in December in the U.S. if a European embargo on Russian oil goes into effect and the Saudis refuse to increase production to make up for the anticipated drop in supply. Saudi Arabia has issued a warning aimed at the U.S. over crude oil and supply agreements, with Prince […]
10/12/2022
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By Mary Villareal
The Zelenko Report: OPEC’s 2M-barrel supply cut a political statement, says Ann Vandersteel – Brighteon.TV
Ann Vandersteel, co-chair of the Zelenko Freedom Foundation (ZFF), said the supply cut announced by the Organization of the Petroleum Exporting Countries (OPEC) was a political statement. She made this claim during the Oct. 6 episode of “The Zelenko Report” on Brighteon.TV. A day before the episode aired, OPEC and its allies – under the […]
10/10/2022
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By Belle Carter
OPEC+ set to reduce oil production – a blatant rejection of Biden’s plea
The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to reduce their oil production by a sizable amount. Under the OPEC+ banner, the 23 petroleum-producing nations will slash their oil output – a blatant rejection of U.S. President Joe Biden’s plea for more production. The powerful consortium of oil producers, including Saudi Arabia and […]
10/07/2022
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By Ramon Tomey
Saudi Arabia fortifies relations with Russia, thumbing its nose to the West
As major Western powers are cutting ties with Russia amid its invasion of Ukraine, Saudi Arabia appears to be doing the opposite by strengthening relations with Russia. According to the Guardian, Russian President Vladimir Putin and Prince Mohammed bin Salman – the Saudi prime minister – have a lot in common. It mentioned that both […]
09/12/2022
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By Kevin Hughes
OPEC+ cuts oil production by 100K barrels per day amid dropping oil prices, stoking fears of global recession
The Organization of the Petroleum Exporting Countries (OPEC) and its associated producers announced Sept. 5 that they will decrease oil production by 100,000 barrels per day (bpd). The decision to slash production came amid worries of plunging oil prices and a global recession. In a media release, OPEC and its partners under the OPEC+ banner […]
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