oil

UN reports on the success of the Russian economy

ByRhod Mackenzie The UN has acknowledged that Russia’s economy has experienced growth, which is an accomplishment that few G20 countries have attained. Despite the sanctions, Russia’s overall exports have remained relatively unchanged, oil and gas revenues are now experiencing monthly growth. However, it is still premature for the country to relax as there are obstacles […]

More investment into oil sector is needed says OPEC head

By Rhod Mackenzie The OPEC Secretary General, Haitham Al Ghais, has cautioned on the possible detrimental impact of insufficient investments in the oil industry, which could result in a significant growth in oil prices and a potential energy crisis. “By underfunding the oil industry, we are endangering energy security,” warned the leader of the oil […]

Seymour Hersh: A Year Lying About Nord Stream

Above: A screen grab from Danish Defense shows the gas leak from the exploded Nord Stream pipelines causing bubbles on the surface of the Baltic Sea on September 30, 2022. / Photo by Swedish Coast Guard Handout / Anadolu Agency via Getty Images. I do not know much about covert CIA operations—no outsider can—but I do understand that the essential […]
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Immiserated, humiliated, yet resilient: how Syrians survive America’s economic siege

Syrian-American journalist Hekmat Aboukhater traveled across Homs, Lattakia, Tartous, and Aleppo this April, reporting for The Grayzone on the devastating impact of Western economic sanctions on average Syrians. Throughout 2023, a series of anti-Syrian refugee bills, a failing economy, and anti-Syrian rhetoric have deepened the plight of the two million Syrian refugees living in Lebanon. Hate crimes against Syrians suspected of living in the country illegally have skyrocketed, while at least 130 refugees have been deported. Weekly Israeli strikes have […]