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02.05.26 - 03:09
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Russia Now Main Supplier Of Oil To Post-Assad Syria, Despite Pivot To West (ZeroHedge)
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Russia Now Main Supplier Of Oil To Post-Assad Syria, Despite Pivot To West
Via The Cradle
Russia has become Syria's leading supplier of oil since the collapse of former Syrian president Bashar al-Assad's government and the rise to power of former Al-Qaeda chief Ahmad al-Sharaa, according to Reuters.
Shipments of Russian oil have risen by 75 percent this year to roughly 60,000 barrels per day (bpd), based on Reuters calculations using official data and vessel tracking from LSEG, MarineTraffic, and Shipnext.
Getty Images
While these volumes account for only a small fraction of Russia's total global oil exports, they are significant for Syria. With domestic production still well below demand, Russian supplies have made Moscow the country's leading crude provider.
According to two analysts and three Syrian officials cited by Reuters, the trade is driven by economic necessity in Damascus while also allowing Moscow to maintain influence in Syria.
The energy supplies risk complicating Syr...
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02.05.26 - 01:27
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In Charts: Communist Cuba′s Lights Dim Amid US Oil Blockade (ZeroHedge)
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In Charts: Communist Cuba's Lights Dim Amid US Oil Blockade
Authored by Sylvia Xu, Andrew Moran via The Epoch Times (emphasis ours),
Blackouts, shortages, fuel rationing, and empty streets now define daily life in Cuba.
People wait to fill their water containers during a nationwide blackout in Havana on March 22, 2026. Cuban authorities scrambled on March 22 to restore power to the island after the second nationwide blackout in less than a week, as the grid struggles due to an aging infrastructure and a U.S. oil blockade. Yamil Lage/AFP via Getty Images
Although the norm for decades, these hardships have reached catastrophic proportions as the island nation suffers its worst energy and economic crisis since the fall of the Soviet Union.
Cuba's energy infrastructure is collapsing amid restrictions on oil imports from its key ally Venezuela, along with a U.S. military operation that has further disrupted Venezuela's production and shipping.
With the country's main supplier impaired, Havana i...
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01.05.26 - 22:18
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Stocks Hit Record as Oil Falls on US-Iran Hopes (Bloomberg)
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A record-breaking run drove stocks toward their longest weekly rally since 2024 amid hopes for a deal to end the Iran war that has rattled financial markets and jeopardized the economic outlook. Jaya Thibard Wajja, head of FX strategy at TD Securities, and Bloomberg's Jeff Mason join Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)...
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