China Stops Chartering Oil Tankers in Venezuelan Deliveries

Chinese oil companies have stopped chartering oil tankers that have, in the past year, delivered consignments to Venezuela. This is following a new directive by the United States government sanctioning vessels involved in boosting the Venezuela oil sector. According to the Department of the Treasury, companies aiding the corrupt regime of President Nicholas Maduro are in contravention of current statutes.

Increasing Applications Drive Global Gas Sensors Market

The Global Gas Sensors Market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. The rise in the valuation of the gas sensor market can be from 1.1 Billion 2019 to $1.8 Billion in 2025. The availability of a wide range of Gas sensors to detect a range of gases, such as combustible gases, a toxic gases, and flammable can impel the expansion of the market.

Trump to Saudis: Cut Oil Production or Lose Military Support

US President Donald Trump allegedly gave the Saudi administration an ultimatum to stop the infamous price war with Russia. On April 2, Trump apparently made a phone call to Saudi Crown Prince Mohammed bin Salman (MBS), letting him know that unless the Organization of the Petroleum Exporting Countries (OPEC) cut oil production, he would allow lawmakers to go ahead and legislate a US troop withdrawal from the kingdom.

The New Oil Deal – Is Putin Playing Chess and Will Deal Fall Through?

Under the new Saudi- Russo oil deal, Saudi Arabia and Russia lead the record for oil cuts as part of the agreement committed by 23 countries to withhold 9.7 million barrels a day from markets. Western publications, including The New Yorker, ran articles this week with headlines such as “How the Russian-Saudi Oil War Went Awry—for Putin Most of All.”

US-Saudi Oil Alliance – History Repeats Itself and Not in the Positive Way – What’s Ahead?

The US Department of Energy is urging the administration of US President Donald Trump to form an alliance with Saudi Arabia in an attempt to regulate world oil prices, which could lead to Saudi Arabia withdrawing from OPEC. This information became available via The Wall Street Journal which claims that supporters of the US oil Alliance with Saudi Arabia are calling for stabilizing energy prices and preventing their collapse, which occurred after the OPEC talks in Vienna in early March.

Russia-Saudi Oil Price War: Myths, Reality and Global Analysis

This week, one of the main topics around the world is the so called “oil war” between Russia and Saudi Arabia. A myriad of publications are claiming the Russian economy will tank during this oil price war. According to the various economic models, the Russian economical crises is supposed to reach its peak in 2025. That is another reason, beside Putin’s personal aspirations, why he wants to remain in control of Russia. At that point, it could be possible for the West to weaken Russia.

Russia is Using Warships to Secure Nord Stream 2 Completion

In order to complete Nord Stream 2, Russia decided to have the Gazprom vessels accompanied by Russian warships. The route is from the Indian ocean to the Mediterranean Sea. Nord stream 2 is a new export gas pipeline from Russia to Europe via the Baltic Sea. The combined capacity of each of the two Nord streams lines is expected to be 55 billion cubic meters of gas per year. Thus, the total design capacity of Nord stream and Nord stream-2 is 110 billion cubic meters of gas per year.