Israeli Strategic Affairs Minister Ron Dermer (pictured) insisted on Thursday that his country’s army will continue its operation in the Gazan city of Rafah until it claims it despite the United States’s opposition to that .Speaking on the Call Me Back podcast, Dermer stressed the importance of capturing Rafah as it shelters a quarter of …
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Federal Reserve officials maintained their outlook for three interest-rate cuts this year and moved toward slowing the pace of reducing their bond holdings, suggesting they aren’t alarmed by a recent uptick in inflation.Officials decided unanimously to leave the benchmark federal funds rate in a range of 5.25% to 5.5%, the highest since 2001, for a fifth …
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StoneX: Ukraine’s recent attacks on Russian refineries could potentially cut ~350K bbl/day of global petroleum supplies and boost U.S. crude prices by $3/bbl. Standard Chartered: energy markets kicked off the new year with an overly pessimistic view of oil demand. Standard Chartered: global demand will hit a new all-time high of 103.01 mb/d in May. …
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The Israel Defense Forces (IDF) ordered all the civilians currently located at the Al-Shifa Medical Complex in Gaza City to evacuate to avoid going through an air attack, Al Jazeera reported on Thursday. The outlet added that, given the bombing tactics implemented in the hospital and nearby zones, the IDF is seeking to demolish the …
The Israel Defense Forces (IDF) stated on Wednesday its troops killed about 90 members of Hamas who were allegedly using Al- Hospital in Gaza City as their shelter. “Over the past day, the troops have eliminated terrorists and located weapons in the hospital area, while preventing harm to civilians, patients, medical teams, and medical equipment,” …
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Crude oil inventories in the United States fell this week by 1.519 million barrels for the week ending March 15, according to The American Petroleum Institute (API), after analysts had predicted a 77,000 barrel build. The API reported a large 5.521-million-barrel rise in crude inventories in the week prior. On Tuesday, the Department of Energy …
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Hamas’ senior political leader, Ismail Haniyeh (pictured), accused Israel of disrupting the peace talks following their attack on Al-Shifa, the largest hospital in Gaza.”The deliberate targeting of police officers and government officials in Gaza illustrates their efforts to sow chaos and perpetuate violence among our resilient people. This also reveals the occupation leaders’ endeavor to …
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Israeli Prime Minister Benjamin Netanyahu approved the plans for a military operation in the Gazan city of Rafah, his office announced on Friday. According to the statement, the Israel Defense Forces (IDF) is “prepared” for the campaign and evacuation of Palestinian civilians there. Moreover, Netanyahu dismissed Hamas’s demands presented in their latest proposal for a …
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Crude oil prices were set for a weekly gain of about 4% after the International Energy Agency became the latest forecaster to suggest oil demand might turn out to be stronger than previously expected this year. The IEA said Thursday that it now expects oil demand this year to grow by 1.3 million bpd, up from …
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Russian Deputy Energy Minister Pavel Sorokin announced on Thursday that the country’s oil exports will likely rise in 2024. At a public council, Sorokin explained that this would happen due to “unplanned maintenance at refineries.” “The situation is stable, but the primary [oil refining] will be reduced,” he detailed. The International Energy Agency (IEA) revealed …
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