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Russia Says UAE's 'OPECxit' Won't Spark Immediate Price War
Russia Says UAE's 'OPECxit' Won't Spark Immediate Price War
Russian Deputy Prime Minister Alexander Novak, quoted by the Russian news agency Interfax, downplayed fears that the UAE's planned OPEC exit will trigger an immediate oil price war and race to the bottom.
"In the current situation, what kind of price war can there be when there is a shortage in the market?" Novak said, adding with the Strait of Hormuz remaining all but closed, "a huge amount of oil isn't reaching the market today, and demand is significantly higher than...
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May 15, 2026 / Tyler Durden
41 People In US Under Monitoring For Hantavirus: CDC
41 People In US Under Monitoring For Hantavirus: CDC
Authored by Zachary Stieber via The Epoch Times,
Forty-one people are under monitoring in the United States for hantavirus, the Centers for Disease Control and Prevention said on May 14.
Most of those being monitored were at one time on board the MV Hondius, a cruise ship that experienced an outbreak of the disease after it sailed from Argentina on April 1 to remote locations such as Antarctica.
Eighteen people were flown from the ship recently to medical facilities in Nebraska and Georgia for...
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Apr 26, 2026 / Tyler Durden
Ford Denies Talks With Geely About Bringing Chinese Car Tech To U.S.
Ford Denies Talks With Geely About Bringing Chinese Car Tech To U.S.
On Friday, a report crossed the wire that Ford and Geely had been in discussions about collaborating more closely, including whether their developing European partnership could expand into the U.S. market, according to the Wall Street Journal.
Ford denied the claims, which stated that one idea involved Ford using Geely’s vehicle technology domestically. The talks had reportedly cooled, with both sides shifting attention back to Europe, where they are considering sharing production capacity and technical resources.
Geely is motivated to enter...
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Mar 14, 2026 / Tyler Durden
Iran Mulls Allowing Tankers Through Strait Of Hormuz If Trade Conducted In Yuan
Iran Mulls Allowing Tankers Through Strait Of Hormuz If Trade Conducted In Yuan
Via The Cradle
Iran is considering allowing a "limited number" of oil tankers to pass through the Strait of Hormuz on the condition that the oil cargo is traded in Chinese yuan, CNN has reported.
A senior Iranian official told the US news outlet that Tehran is working on a new plan to manage tanker traffic through the strategic waterway on Iran’s southern coast.
via Associated Press
Iran has effectively sealed off the strait, allowing only its own and Chinese ships to...
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