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CommodityOilPrice.com

How Iran Just Broke the U.S. Oil Shield In Saudi Arabia Yet Again

The attacks last week in Saudi Arabia’s largest oil refinery, Ras Tanura (again), by the Iran-backed Houthis (again), which pushed oil prices up (again), once more underlined the powerlessness of the region to properly defend itself from Iran and its network of proxies and the redundancy of the billions of dollars’ worth of defence equipment the region’s countries bought from the U.S. to do…

MacroFrance 24 World

Inflation, war and corruption: Will anger at Trump see Republicans punished at midterms?

Donald Trump and his Republican Party will make last-gasp pitches to US midterm voters Monday to hold back a predicted Democrat wave that could take over Congress and impose tight political constraints on the president for the first time in two years. With Trump's popularity at an historic low, many are predicting voters will punish the Republican Party at the polls. France 24's Philip Turle…

CommodityOilPrice.com

Ukraine Has Hit Three Russian Refineries Since Friday

A major oil hub in Russia’s Volga region appears to have caught fire after an attack, Bloomberg reported on Monday, citing satellite images from NASA’s Fire Information for Resource Management System. An image taken on Monday showed a relatively fresh heat anomaly, which could mean fires at the Samara crude oil pumping station, according to the imagery Bloomberg has analyzed. The potential…

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