As the Russia versus Ukraine gas war continues, former Ukrainian Prime Minister Arseniy Yatsenyuk now faces a Russian arrest warrant in addition to the international arrest warrant that has been active against him since February 21st...
"This is about making sure we have a pro-growth and pro-environment approach to how we do regulation in this country. For too long, over the last several years, we've accepted the narrative that if you're pro-growth, pro-jobs you're anti-environment and that's just not where we've been in the country. And the executive order is going to address the past administration's effort to kill jobs across this country through the clean power plan."
It's official: moments ago TransCanada said the U.S. Department of State issued a presidential permit for the construction of the Keystone XL Pipeline, ending a multi-year controversial, at times acrimonious debate over the future of the pipeline linking Canadian oil sands to U.S. refiners.
Asian shares and S&P futures rose on optimism that today's rescheduled U.S. vote on health care will pass following Trump's Ultimatum to the Freedom Caucus. European stocks gave up some of Thursday’s gains, falling for the fourth time in five days, and moving further away from a 15-month high reached a week ago while the yen weakened for the first time in nine days.
$45 crude may now be inevitable - as per Kuwait's warning - because according to the latest monthly EIA productivity report, US shale is set to expand production by a whopping 109k barrels from March to April, rising from 4.853mmbpd to 4.962mmbpd, and offsetting OPEC's entire February production cut.
"...the US Shale revolution will accelerate the breakdown of the global order as we know it, reshaping global geopolitics, leading to three major conflicts - Russia vs. Europe, Iran vs. Saudi Arabia & an Asian Tanker War"
The United Arab Emirates (UAE) has signed an outline agreement to buy Russian aircraft. It also plans to implement a joint project with Russia to develop a next-generation fighter that could enter service in seven or eight years.