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2015-05-30 21:25:00

THE NEXT OIL WAR

THE NEXT OIL WAR

An increasingly assertive China has warned that World War 3 is "inevitable" unless the United States stops meddling in the South China Sea affairs. Earlier this week, the People's Liberation Army (PLA) said in a new white paper that it is going to up the ante in the South China Sea. In a sign of its growing self-confidence, Beijing said that it would now focus less on defensive capabilities, and step up efforts to build offensive capabilities.

China is aggressively building artificial islands in the disputed Spratly Islands. The construction includes runways and port facilities that could harbor military planes and warships. Islands in the region are also claimed by the Philippines, Malaysia, Taiwan, and Vietnam, who have all protested against China's expansion.

Last week, a U.S. military plane ignored repeated warning from the PLA to fly a reconnaissance mission over the disputed islands. U.S. Defense Secretary Ashton Carter has refused to recognize artificial islands as "maritime zones control by a nation." He said Washington was determined to protect the freedom of navigation in the South China Sea, as is allowed under International conventions.

valuewalk.com

Tags: OIL, CHINA, U.S.
THE NEXT OIL WAR October, 15, 12:30:00

OIL PRICE: NEAR $81 ANEW

THE NEXT OIL WAR October, 15, 12:25:00

BAD BOYS: IMF & WBG

THE NEXT OIL WAR October, 15, 12:20:00

U.S. - CHINA NUCLEAR POLICY

THE NEXT OIL WAR October, 15, 12:15:00

U.S. - CHINA NUCLEAR SANCTIONS

THE NEXT OIL WAR October, 15, 12:10:00

IRAN SANCTIONS DOWN

THE NEXT OIL WAR October, 15, 12:05:00

IRAN - S.KOREA OIL DOWN ANEW

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Chronicle:

THE NEXT OIL WAR
2018, October, 15, 12:01:00

GAZPROM - SHELL: BALTIC LNG

GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).

THE NEXT OIL WAR
2018, October, 15, 12:00:00

U.S. RIGS UP 11 TO 1,063

BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.

THE NEXT OIL WAR
2018, October, 12, 11:40:00

OIL PRICE: NEAR $81

REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.

THE NEXT OIL WAR
2018, October, 12, 11:35:00

OIL PRICES 2018 - 19: $74 - $75

EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.

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