Energy

China has wrested control of oil markets from OPEC - The Economist

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DW NOTE

The Strait of Hormuz has been shut for six months, stranding 2,000 ships and cutting 20% of global oil supply — yet Brent crude sits at $88.76, down 25% from its one-year high. China's strategic petroleum reserve and refining overcapacity now set the clearing price, not OPEC's production targets. When physical chokepoints no longer move markets, the cartel is already defunct.

Read the full story at The Economist →

The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

Gold Is Only Insurance If You Can Reach It! -Vince Lanci - SilverTrade

‘Synchronised build-up of physical, futures, and options exposure’ to drive gold price higher - Société Générale - KITCO

China has wrested control of oil markets from OPEC - The Economist

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Gold Is Only Insurance If You Can Reach It! -Vince Lanci - SilverTrade

‘Synchronised build-up of physical, futures, and options exposure’ to drive gold price higher - Société Générale - KITCO