Israeli Foreign Minister Israel Katz on Thursday accused Iran of smuggling weapons into the West Bank via Jordan in order to establish “an eastern terror front against Israel.” In a post on X, Katz said that Iran is trying to “turn the Israel-Jordan border from a peaceful one into a volatile front.” He further noted …
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VIENNA (AP) — Iran has further increased its stockpile of uranium enriched to near weapons-grade levels in defiance of international demands, a confidential report by the United Nations’ nuclear watchdog said Thursday. The report by the International Atomic Energy Agency, seen by The Associated Press, said that as of Aug. 17, Iran has 164.7 kilograms (363.1 …
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Aug. 29 (UPI) — Ukraine said Thursday that it had used domestically manufactured drones to expand strikes against strategic Russian oil facilities overnight and target field artillery infrastructure just across the border inside Russia. The General Staff of the Ukrainian Armed Forces said that following an attack on an oil depot in Rostov province Wednesday morning, …
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The prices of oil futures extended their gains on Thursday following a report that Iraq suspended the spot cargo of a million barrels in August to lower the volume of its exports. Earlier, the Houthi movement targeted the Greek tanker Sounion in the Red Sea and Lybia temporarily halted its production and exports due to the ongoing political …
Tulkarem, West Bank (AP) — The Israeli military said it killed five more militants, including a local commander, early Thursday in the West Bank as it pressed ahead with what appeared to be the deadliest military operation in the occupied territory since the start of the war in Gaza. Israel says the simultaneous raids across the …
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Exxon predicts a future oil shortage if investment in new production doesn’t increase, despite forecasts of declining demand due to electric vehicles. The company argues a rapid decline in production, especially from unconventional sources like shale, could lead to severe energy shortages and price hikes. Exxon’s warnings contrast with forecasts from the IEA and others …
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Ukraine’s permanent mission to the international organizations in Vienna said in a letter sent to the International Atomic Energy Agency (IAEA) published on Thursday that the threat Russia could attack the former country’s nuclear facilities remains. “The Russian Federation continues to deliberately target Ukraine’s energy infrastructure, intending to disrupt the operation of the country’s nuclear …
Israel launched what it called a “counterterrorism operation” in the West Bank with hundreds of troops raiding the city of Jenin and other areas of the occupied territory. At least 10 Palestinians have been killed in the raids, either by airstrikes or gun battles on the ground. It’s the largest raid the West Bank has …
Summary of Weekly Petroleum Data for the week ending August 23, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.8 million barrels from the previous week. At 425.2 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. …
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Oil fell as technical measures signaled a three-day rally driven by the threat of a halt to Libyan supplies was overdone. “Short-term technical factors have come into play, and the three-day rally has lost momentum as the price of a barrel of WTI has risen above $77,” Alex Kuptsikevich, FxPro senior market analyst, said in …
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