Showing posts with label Oil. Show all posts
Showing posts with label Oil. Show all posts

Tuesday, April 26, 2016

Syrian residents: US's Daesh(ISIS) shipped stolen oil to NATO's Turkey from Shaddadah


http://www.youtube.com/watch?v=6NvxlHFn6LI
Syrian residents near a northern town say Daesh terrorists used to ship oil to Turkey when the town was under their control.
People living near the Jabisah oil field outside the town of Shaddadah say Daesh members sold the oil to Turkey in exchange for dollars and weapons. The oil field is one of the largest in Syria, capable of producing two-point-two million cubic meters of gas and 80-thousand barrels of oil per day. The oil field and the town of Shaddadah were under the control of Daesh for two years. They were liberated by Kurdish and Syrian forces in February. The Russian government has previously revealed footage, showing Daesh oil tankers heading from Syria to Turkey.

Sunday, April 10, 2016

Peter Koenig comments, Moody's downgrades Chevron, Royal Dutch Shell, Total


http://www.youtube.com/watch?v=SjMiwvJFwXw
The international rating agency, Moody’s, has downgraded the world’s three largest oil companies over the declining prices.
Moody's revised its outlook for Chevron, Royal Dutch Shell and Total reducing their ratings between one and two notches. According to the New York-based rating company, the action was taken on the expectation that oil prices will stay low for longer and cause leverage concerns. The statement also cautions that the three oil giants will remain under pressure throughout this year and next. Oil companies are having their credit ratings cut as the collapse in crude prices reduces cash flows and limits their ability to sustain debt payments. New York and other stock exchanges around the world have witnessed oil prices nosedived more than 60% from a mid-2014 peak.