Will This Atlantic Hit Piece Be The Final Straw?

India's Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market By Julianne Geiger of OilPrice.com India’s central bank has told state-run oil refiners to stop buying dollars in the spot market and instead use a government-backed credit line. That matters because oil is priced in dollars, and refiners are some of the biggest buyers of dollars in the country. When they all go into the market at once to pay for crude, it puts direct pressure on the rupee. That pressure has been building for weeks. The Reserve Bank of...

UK Risk Spreads Oddly Calm As PM Starmer Faces Growing Threat Of Ouster Wes Streeting is reportedly poised to resign as UK health secretary and launch a formal challenge to UK PM Keir Starmer in a Labour Party election. Following a meeting with Starmer in Number 10 (which lasted just 16 minutes), an “ally” of the health secretary told The Times that Streeting was “going to go for it”. Around 100 Labour MPs have publicly called for Starmer to resign although a similar number of lawmakers have urged challengers to hold...

Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis If the primary purpose behind the Trump Administration's snatch-and-grab operation against the illegitimate president of Venezuela, Nicolás Maduro, was not readily apparent in January, it should be crystal clear today.  Under Maduro, around 75% of the country's energy exports were going to China.  This year, the US will be receiving around 50% of the oil supply while China's share is reduced to 10%.    The stunning shift in the direction of oil shipments is helping to insulate the US from shortages caused...