oil

Trump Sanctions on Iran May Already Be Backfiring as Tehran’s Oil Revenues Soar

TEHRAN, IRAN — Despite the Trump administration’s “maximum pressure” campaign targeting the Iranian economy, Iran’s crude oil and oil product revenues jumped a surprising 60 percent from March 21 to July 23. In addition, figures provided by Iran’s Central Bank show that Iran’s revenues from oil sales soared by 84.2 percent over that same period, setting a new record.

Details of ‘Secret Meeting’ in Damascus Reveal US Officials Wanted ‘Oil Guarantees’

21st Century Wire says…
According to Syriana Analysis, a secret meeting between senior Syrian and American security officials took place earlier this summer in Damascus. In the meeting, US officials reportedly issued their specific demands in exchange for complete withdrawal of troops from Syria.

US Intends to Use Sanctions to Drive Iranian Oil Exports Down to Zero

(ANTIWAR.COM) — Paying up US sanctions against Iran during his visit to Israel, John Bolton said that the US is fully prepared to use its sanctions to drive Iranian oil exports down to zero to force a “massive change in the regime’s behavior.” State Department officials have previously said “cut to zero” was a goal, but that appears virtually […]

Mexico’s New President Reaffirms Commitment to Nationalize Oil Resources

Mexico’s president-elect, Andres Manuel Lopez Obrador (AMLO) reaffirmed that his administration will spend more than US$2.63 billion to bring the state’s oil refinery company, Petroleos Mexicanos (Pemex), up to date.
AMLO said he plans to update the six Pemex refineries in order to reduce imports and increase the country’s crude production quality.
The president-elect, who will be sworn in on December 1, will include the construction of a new plant at the cost of US$ 8.4 billion dollars and should be complete in three years.