US Sabotage of the JCPOA is Supports US Oil Production

Oil exporting countries are smiling all the way to the bank these days, except Iran. The price of Brent crude oil touched $75.89 a barrel, while the US West Texas Intermediate reached $70.52. The Chinese also experience a similar rise, where yuan-traded Shanghai futures surged to an all-time high in US dollars at $72.54 on…

New Venezuelan Oil Woes Head to Court

The Venezuelan oil industry is currently embattled in two large lawsuits that may have a very serious impact on the future of Venezuelan oil production. The situation for the industry has been precarious since the introduction of the Bolivarian revolution. The state oil company seized (for the most part) from the capitalist class had been…