European Union Foreign Affairs and Security Policy High Representative Josep Borrell said on Monday that the risk of the Israel-Hamas conflict spilling over into Lebanon is increasing daily and warned that “we are on the eve of the war expanding.” Borrell said the ceasefire proposal put forth by the United States is not going to …
Citi is one of the most prominent bears among major banks, expecting oil to drop into the $70s range later this year. Citi sees oil trading in the $60s range in 2025. Citi sees lower prices as they expect inventories to build in the fourth quarter of 2024. Citi predicts that oil prices will plummet …
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Riyadh — The death toll from this year’s hajj has exceeded 1,000, an AFP tally said on Thursday, more than half of them unregistered worshippers who performed the pilgrimage in extreme heat in Saudi Arabia. The new deaths reported Thursday included 58 from Egypt, according to an Arab diplomat who provided a breakdown showing that of 658 total dead …
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WASHINGTON (Reuters) – A claim by Yemen’s Houthi group on Saturday that its forces had attacked the U.S. aircraft carrier Dwight D. Eisenhower in the Red Sea is false, two U.S. officials told Reuters. “That is incorrect,” one of the officials said, speaking on condition of anonymity. The Iran-aligned Houthis first launched drone and missile …
Officials from the United States told the Israeli government that Washington will fully support Israel in case of war with Hezbollah, CNN reported. According to the sources, the US would stop short of sending troops to help Israel. Israeli officials, including Israeli National Security Advisor Tzachi Hanegbi and Strategic Affairs Minister Ron Dermer, traveled to …
United States Secretary of State Antony Blinken met with Israeli National Security Advisor Tzachi Hanegbi and Strategic Affairs Minister Ron Dermer to discuss a ceasefire in the Gaza Strip and avoiding further escalation in Lebanon, the State Department said. Blinken reiterated the United States’ “ironclad commitment” to Israel’s security, before discussing ongoing efforts to achieve …
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The United States is concerned that parts of Israel’s Iron Dome air defense system could be overwhelmed if the conflict with Hezbollah escalates, CNN reported on Thursday. Anonymous US sources said Israeli officials think the Iron Dome is particularly vulnerable in the north of the country, where Hezbollah has been attacking, and that they are …
Summary of Weekly Petroleum Data for the week ending June 14, 2024 U.S. crude oil refinery inputs averaged 16.8 million barrels per day during the week ending June 14, 2024, which was 281 thousand barrels per day less than the previous week’s average. Refineries operated at 93.5% of their operable capacity last week. Gasoline production …
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United States President Joe Biden’s Senior Adviser for Energy and Investment, Amos Hochstein cautioned Lebanese officials about a potential limited Israeli attack on the country’s Hezbollah, Israeli broadcaster Kan reported on Thursday. Hochstein emphasized that if Hezbollah continues its near-daily assaults on northern Israel, the paramilitary organization could face an American-backed attack by the Israeli …
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The United States is planning to redirect all orders for Patriot air defense systems and interceptor missiles to Ukraine until the war-torn country gets enough to protect itself from Russian airstrikes, the Financial Times reported on Thursday, citing people briefed on the matter. According to the sources, the decision is expected to be officially announced …
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