War Imminent in Straits of Hormuz? $200 a Barrel Oil?
President Obama is preparing to sign legislation that, if fully enforced, could impose harsh penalties on all customers for Iranian oil, with the explicit aim of severely impeding Iran's ability to sell it. Ref. Source 5
China Buys Russia, Vietnam Oil As Iran Supply Cut
Chinese trader Unipec paid a record premium for a February cargo of Russian crude and bought Vietnamese oil for the first time in at least a year, traders said, as the world's second-largest oil consumer looks to cover for reduced Iranian supplies. Source 3
Pipeline companies go 50/50
Two pipeline companies have agreed they will go halves on a 149-mile offshore pipeline in the Gulf of Mexico.
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Iran's Closure of Waterway Would Provoke US Response
The New York Times is quoting unnamed U.S. officials as saying Washington has sent a message to Iran's Supreme Leader, Ayatollah Khamenei, that closing the Strait of Hormuz would provoke a U.S. respon
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Nigerian Unions, Government Fail to Resolve Oil Subsidy Stalemate
Nigeria's labor unions say a nationwide strike will resume Monday if no deal concerning fuel prices is reached through negotiations with the government.
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Arab Gulf States Urged to Increase Pipelines After Iran's Oil Threats
As Iranian threats to close the Strait of Hormuz intensify, some energy experts are calling on Arab Gulf states to find alternative ways to export their petroleum. Experts differ, however, on whether
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China's Rise Poses Challenges for Its African Peacekeeping Missions
China has long adhered to a foreign policy of non-interventionism, where it tries to appear neutral in disputes outside its borders. As the country becomes more of a global power, however, it is less
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