Israeli leadership is reportedly preparing for the formal annexation of the West Bank in the coming weeks, a move expected to eliminate the possibility of a two-state solution and reshape the political landscape of the region, a report by US journalist Seymour M. Hersh showed on Wednesday. Hersh said that “a well-informed Washington official” revealed …
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In his third speech as Hezbollah leader, Naim Qassem says the terror group will attack the center of Tel Aviv in response to the killing of its media relations chief Mohammed Afif in an Israeli strike on a building in central Beirut on Sunday. The strike was carried out in the Ras al-Naba’a neighborhood in …
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U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.5 million barrels from the previous week. At 430.3 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. Total motor gasoline inventories increased by 2.1 million barrels from last week and …
Continue reading “EIA Weekly Petroleum Repot for the week ending November 15, 2024”
BEIRUT (AP) — A United States envoy said an agreement to end the Israel-Hezbollah war is “within our grasp” after talks in Lebanon on Tuesday. However, there was no such optimism in the Gaza Strip, where the looting of nearly 100 aid trucks by armed men worsened an already severe food crisis. Amos Hochstein, the Biden …
Iran has agreed to stop producing uranium enriched close to the level required for nuclear weapons, a sign the Islamic Republic may be ready to resolve a standoff with the West over its atomic activities. Monitors from the International Atomic Energy Agency said Tuesday that Iran has begun implementing measures “aimed at stopping the increase of …
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Kremlin may be open to freeze current front line, Reuters says Zelenskiy earlier said his country won’t concede on territory Kremlin spokesperson Dmitry Peskov ensured on Wednesday that Russian President Vladimir Putin is ready to restart negotiations on the Ukrainian conflict with international leaders, including United States President-elect Donald Trump. “The president has indeed repeatedly …
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Ukraine has used US-supplied ATACMS ballistic missiles to strike Russian territory for the first time, RBC-Ukraine reported on Tuesday. The successful attack, as reported by RBS-Ukraine, comes after the Kremlin issued a warning against Ukraine and its allies not to use the system, which the Kremlin regards as a major threat. In that context, …
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Crude oil prices added over $2 per barrel on Monday on the news about a production halt at Norway’s Johan Sverdrup field due to an onshore power outage but earlier today the momentum began to slow down with traders refocusing on fundamentals. Despite that dip, the market will be carefully watching developments between Russia and Ukraine. …
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Duda warned Trump in call of Germany’s Kremlin dealmaking Polish president takes aim at Scholz’s phone call with Putin Poland’s head of state accused Chancellor Olaf Scholz of trying to cut Donald Trump out of talks over the future of Ukraine in a bid to revive Germany’s own relations with Russia. Scholz drew criticism from the …
Crude oil futures increased by over 1.7% on Monday as supply disruptions and geopolitical conflicts exerted upward pressure on oil markets. The uptick comes in the wake of Russia’s latest “massive combined attack” targeting all regions in Ukraine during the weekend, marking its biggest air strike in nearly three months. Further, The New York Times reported yesterday …
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