Commodity Trade Mantra

Posts Tagged ‘Iranian Oil’

Why Saudi Arabia Just Boosted Oil Production To A Record High

The problem for oil producers and investor is that the Saudis are not acting in isolation. The combination of rising U.S. production and rising Saudi production can only be bearish for oil prices. The prospect of oil testing its January low should not be ruled out, especially if Iran is given the green light to ramp up exports.

Russia Iran Sign Historic 500,000 Barrel A Day Oil Deal - Petrodollar Under Threat

Russia signed a historic $20 billion oil deal with Iran to bypass both western sanctions & the dollar based western monetary system yesterday. The 5 year accord will see Russia help Iran “organize oil sales” as well as cooperate in the oil-gas industry, construction of power plants, grids, supply of machinery, consumer goods & agriculture products.

How Gold Helped Iran Avoid Defeat by the U.S.

Gold became Iran’s lifeline when the U.S. had inflicted a currency collapse, hyperinflation, a bank run and had caused a scarcity of food, gasoline and consumer goods, through the expedient of cutting Iran out of the global payments system. And so U.S. began stepping up enforcement of a ban on gold sales to Iran.

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