OPEC maintained steady oil production in July, averaging 26.99 million barrels per day—a slight decrease of 60,000 bpd from June levels, according to a Bloomberg survey. Venezuela and Iran accounted for most of the 60,000 bpd dip, with both countries experiencing decreased demand from China. OPEC and its allies held a monitoring meeting earlier …
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Israel’s navy tested on Friday the LRAD long-range defense system, carrying out the operations “successfully,” the country’s military said in a statement. The military detailed that the interceptor is meant to guard against numerous threats, among which are cruise missiles and rockets. defense The test comes amid heightened tensions between Israel and other Middle East …
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Iran plans to launch drone attacks against Israeli targets from Syrian territory, the United Kingdom-based Syrian Observatory for Human Rights reported on Friday citing Syrian sources working with Iranian militias. Iran has vowed to respond to the killing of Hamas leader Ismail Haniyeh in Tehran earlier this week. According to the report, the attacks are …
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https://youtu.be/GzzvYVruySc The United States is making plans to send more combat aircraft to the Middle East amid ever-rising tensions between Israel and other countries in the region, the New York Times reported on Friday. Anonymous military officials said the US is working on “calibrating” its measures to “send enough of the right types of aircraft …
Compared to other asset classes, the oil price has been more susceptible to geopolitical events. That’s what analysts at Moody’s Ratings said in a new Moody’s report which looked at the short and long-term reaction of financial markets to “different shocks” since 2001, “to better understand some of the credit effects of geopolitical events”. The …
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The Israel Defense Forces (IDF) claimed on Friday that they killed a high-ranking member of the Palestinian Islamic Jihad, Muhammad al-Jabari. He was the deputy head of the organization’s munitions production unit, the IDF said. The IDF added it eliminated around 30 “terrorists” within the last day, including in “face-to-face battles and air force strikes.” …
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George Khoury, the Global Head of Education and Research at CFI, highlighted that the oil market reacted to developments in the Middle East and warned that “risks of a broader conflict seem to be increasing”. “This threatens to disrupt oil supplies and supply routes and could lead to higher prices still,” Khoury said. “The recent …
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In a report sent to Rigzone late Tuesday by Standard Chartered Bank Commodities Research Head Paul Horsnell, analysts at the company, including Horsnell, revealed that Standard Chartered’s machine learning oil price model, SCORPIO, is predicting its biggest ever week on week loss. “For Brent settlement on 5 August, SCORPIO is indicating a week on week …
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Here is why: The First Temple took days to destroy. The sanctuary was desecrated either on the 10th of Av (Jeremiah 52:12) or the 9th of Av by the Babolyans now Iran. The Second Temple, was also destroyed on the 9th of AV by the Romans. The 9th of Av is described in Rabbinic Jewish …
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NAF; Titled: THE THREE A’S This next video is a very nervous Iran’s spiritual leader Ayatollah Ali Khamenei ordering retaliation for the assassination of Ismail Haniyeh on Thursday amid soaring fears of war escalating in the Middle East. For who the bell toles