Oil edged higher as key technical levels provided a floor for losses while investors digested a mixed US inventories report. West Texas Intermediate rose 0.3% to settle above $79 a barrel after a monthlong slide that brought prices to the lowest since mid-March. The 100-day moving average stemmed crude’s losses, while the nine-day relative strength …
Continue reading “Oil Edges Higher on Technicals as Stockpiles Fall”
United States Secretary of State Antony Blinken (pictured) is set to present a “highly critical” report to Congress later today concluding that Israel has breached the conditions for using US weapons, Axios reported on Friday, citing three US officials. According to the sources, Blinken’s report will detail a series of incidents that occurred during the …
Chinese imports of crude oil rose by 5.45% in April compared to the same month last year as refiners stocked up on crude to prepare for the five-day local Labor Day weekend that began on May 1, China’s official statistics showed on Thursday. Last month, Chinese refiners imported 10.88 million barrels per day (bpd) of …
Continue reading “China’s Crude Oil Imports Climbed by 5.5% Year-on-Year in April”
The Israeli military is expected to move forward with its military operation in Gaza’s southern city of Rafah “as planned,” a source told Axios correspondent Barak Ravid on Thursday. The ceasefire negotiations in Cairo, which also focused on the release of hostages from the Gaza Strip, have ended, with the Israeli delegation already on its …
Hamas Political Bureau member Izzat al-Risheq said on Thursday that the Palestinian group’s delegation left Cairo after the latest round of ceasefire negotiations with Israel. No agreement has been achieved as Israel began operations in Rafah in the south of Gaza. Al-Risheq said the Israeli operation “aims to obstruct the efforts of the mediators and …
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Lebanon, a country of six million scarred by sectarianism and under the de facto control of the Islamist movement, is in the grips of a dire financial crisis; its people are in no position to bear the brunt of another war. The Observer’s conversations with Beirutis over the past few weeks suggest that the Lebanese still …
Continue reading “Fears mount that a full-scale Israel-Hezbollah confrontation could be imminent”
Israeli Prime Minister Benjamin Netanyahu said in a video posted on X, formerly known as Twitter, on Thursday that Israel will continue its fighting against Hamas without anyone’s support if it has to do so. “If Israel is forced to stand alone, Israel will stand alone,” Netanyahu pointed out, adding that “no amount of pressure” …
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Israelis have waited for months for Israel to send the IDF into Gaza and finish the job, to defeat Hamas and free our captives, those alive and dead. The IDF finally was sent in. But why did it take so long? And what in the world just happened with Hamas announcing that they agreed to …
State Department says it’s reviewing other weapons systems Israeli officials and Republicans air displeasure over US move US President Joe Biden said he would halt additional shipments of offensive weapons to Israel if the country proceeded with a ground invasion of Rafah, decrying the potential loss of civilian life as “just wrong.” “We’re going to …
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Israeli officials are said to have warned the United States that the decision to halt weapon shipments could harm the hostage talks, Axios reported on Wednesday citing sources. People familiar with the matter shared that Israel was not only frustrated by Washington’s move to pause the security assistance package but also about its decision to leak …
Continue reading “Israel reportedly tells US weapon pause could harm hostage deal”