As the world’s biggest net importer of crude, China is in a vulnerable position: utterly dependent on oil imports, at a time when its economy is beginning to wobble.
by Oilprice.com • • Comments Off on What Iraq’s Disintegration Means for Oil Markets
Executive Report, ISA Intel: OPEC’s 2nd largest producer has the 5th largest reserves in the world and is one of the last places with enormous amounts of underexplored low-cost oil.
by Oilprice.com • • Comments Off on Are Oil Traders Missing the Gravity of Mosul’s Fall to Insurgents?
By Nick Cunningham: OPEC’s second largest oil producer, Iraq, is in severe disarray just as the world has come to rely on its oil for greater energy supplies.
by Wolf Richter • • Comments Off on America And Oil: This Chart Shows Why OPEC’s Knees Are Trembling
What would have been a demented propagandist’s flight of fancy a decade ago has become reality: For the first time in history, the US imports more oil from our dear and reliable neighbor Canada than from OPEC. With major consequences.
