Trump Says Venezuelan Oil Will Be Used to Fill US Strategic Reserve

Post-Maduro Venezuela Wants Its $4BN In Gold Back From England Venezuela wants its gold back. And now with Maduro having been removed and Caracas being essentially a puppet of Washington influence and interests, it has a much better chance at this than ever before. Venezuela’s government and opposition are teaming up to wrest back $4 billion in gold bullion currently locked in the Bank of England’s vaults, according to a Friday report by the Financial Times. Bank Of England/Shutterstock A freshly issued joint statement confirmed they are actively working "to recover Venezuela's international...

Pakistan Deploys Thousands Of Troops, Jet Fighter Squadron To Saudi Arabia Via The Cradle Pakistan has deployed 8,000 troops, a ​squadron of fighter jets, and an air defense system to Saudi Arabia under a mutual defense pact, Reuters reported on Monday, citing security and government officials. The officials described the Pakistani deployment as a "substantial, combat-capable force intended to support Saudi Arabia's military if the kingdom comes under further attack," Reuters wrote. Illustrative via Pakistan air force Pakistan's military cooperation with ‌the Saudi kingdom is expanding amid threats by the US and Israel to renew military operations against Iran,...

Record Tanker Rates Leave Heavy Crude Stranded In The Americas Authored by Irina Slav via OilPrice.com, Record tanker rates are creating a heavy crude glut in the Americas, pushing Canadian, Colombian, and Ecuadorian crude prices down roughly $10 per barrel. Shipping costs have surged to $40 per barrel, making American heavy crude increasingly uneconomical for Asian and European refiners. The global diesel crunch is set to persist, as tanker shortages prevent heavy crude from reaching markets where demand remains strong. The Middle East crisis has driven tanker rates to all-time highs and...