In a one-two punch that is sending shockwaves through global energy markets, the United Arab Emirates has exited OPEC and OPEC+ — and is now openly discussing a currency swap line with the United States. The moves come at a moment of historic turmoil: an ongoing Iran war has disrupted oil flows through the Strait […]
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In a move that continues to underscore Beijing’s strategic shift away from U.S. dollar assets amid geopolitical tensions and diversification efforts, China has steadily reduced its holdings of U.S. Treasuries. The latest official data from the U.S. Treasury’s TIC report confirms China’s holdings stood at $693.3 billion at the end of February 2026, down slightly […]
Continue ReadingDaily Standup Top Stories Can President Trump Take Control of the California Refineries to Stop a National Security Crisis? What would the policial fall out be? Stu Turley Trump’s Push for New Oil and Gas Leases on Federal Lands: Implications for Investors, the U.S. Economy, and Alaska July 12, 2025 Clark Savage President Donald Trump has […]
Continue ReadingThe U.S. oil and gas industry is witnessing a persistent decline in active drilling rigs, reflecting ongoing market uncertainties and volatile oil prices. According to the latest data from Baker Hughes, the total number of active oil and gas drilling rigs in the United States fell by two rigs for the week ending July 11, […]
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