In a report sent late Tuesday by Standard Chartered Bank Commodities Research Head Paul Horsnell, analysts at the company, including Horsnell, said global oil demand reached an all-time high in June. “The release of Joint Oil Data Initiative (JODI) data on 19 August has, together with a variety of national sources, allowed us to make …
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Summary of Weekly Petroleum Data for the week ending August 16, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.6 million barrels from the previous week. At 426.0 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year. U.S. …
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US Secretary of State Antony Blinken left the Middle East late on Tuesday having failed to secure a deal to halt fighting between Hamas and Israel, highlighting how the two sides remained sharply divided despite US officials’ insistence that an agreement was close. After a day spent meeting Egyptian and Qatari officials, Blinken reiterated that …
Israeli Prime Minister Benjamin Netanyahu told the relatives of those Hamas holds in captivity that he is not yet certain a new agreement on a ceasefire with the organization will come to a realization, the Walla news agency reported on Tuesday. Netanyahu allegedly said he is “not sure there will be a deal” but insisted …
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The Israel Defense Forces (IDF) said that its forces performed “precise airstrikes” on Tuesday against Hamas members who were allegedly using the infrastructure of the Mustafa Khaft School in Gaza City to hide. According to the army, there was a command and control center from where the gunmen executed attacks against IDF troops and Israeli …
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President Joe Biden while giving his prime time speech at the Democratic National Convention on Tuesday received one of over a dozen enthusiastic rounds of applause when he called for an end to the war in Gaza and emphasized the need for peace and security for Israel. During his speech Biden said that Hamas was …
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United States Secretary of State Antony Blinken announced on Monday that Israeli Prime Minister Benjamin Netanyahu accepted the latest “bridging” proposal regarding a potential ceasefire in Gaza. “It’s now incumbent on Hamas to do the same,” Blinken underlined during a press conference, adding that after that, the mediators have to “come together and complete the process of …
After a three-hour meeting with US Secretary of State Antony Blinken, Prime Minister Benjamin Netanyahu puts out a statement publicly backing the latest US bridging proposal that was presented to Israel and conveyed to Hamas at the end of the summit in Doha last week. “The Prime Minister reiterated Israel’s commitment to the current …
Continue reading “Netanyahu says he backs US hostage deal proposal”
Any deal would have to be accepted by Netanyahu and Yahya Sinwar, who helped mastermind the Oct. 7 attack and became Hamas’ overall leader after Haniyeh was killed. Netanyahu faces intense pressure from families of the hostages and much of the Israeli public to make a deal to bring them home. But far-right leaders in his …
United States Secretary of State Antony Blinken insisted on the urgency of reaching a ceasefire in the Gaza Strip during his ninth visit to the Middle East since the start of the conflict. “This is a decisive moment, probably the best and maybe the last opportunity to get hostages home, to get a ceasefire and to …