Three weeks after the US imposed financial sanctions on Venezuela in an effort to cripple its economy and choke the Maduro regime, which in turn prompted Caracas to announce it would no longer receive or send payments in dollars, and that those who wished to trade Venezuelan crude would have to do … [Read more...] about Global Oil Trade In Rubles, Yuan?
Declining Rigs and the Rise of Oil
By Jocelynn Smith, Sr. Managing Editor Sovereign Investor. Oil production levels have fallen off a cliff in the U.S. In the latest reported results, total U.S. oil rig count dropped by four last week to 631. Over the past year, total oil rig count has plunged by 914 rigs. That’s a 59% … [Read more...] about Declining Rigs and the Rise of Oil