Israeli representatives informed Qatari and Egyptian mediators that they are not ready to continue negotiations on the ceasefire deal until Hamas provides the list of the hostages who are still alive and gives a concrete response on the number of Palestinian prisoners that the mediators suggested to be released, Axios reported on Friday citing two …
NN: OPEC has got a big problem here. Any perceived market tightness is VERY TEMPORARY. All we are seeing is a 10 to 15 day delay as oil avoids the red s ea. A lot of DELAYED cargoes, but none lost, start arriving this month. And as we continue to publish Europe and China are …
The price of a WTI barrel soared to heights not seen since November as the market braces for an OPEC+ decision on oil production levels in April and beyond. Behind the rise in price is the market’s anticipation that OPEC+ will extend its voluntary production cuts for the next quarter and the volatility that could …
Continue reading “WTI rises above $80 per barrel, hits highest level since Nov”
Saudi Arabia is expected to announce in a few days little changes to the price of its crude going to Asia in April, amid a rise in Middle Eastern oil benchmarks, a Reuters survey of refiners showed on Friday. Saudi Aramco, the world’s top crude oil exporter, is set to keep the price of its …
Continue reading “Saudi Arabia Likely to Keep Oil Prices to Asia Unchanged”
The Eurozone Manufacturing PMI worsened in February 2024, S&P Global and Hamburg Commercial Bank (HCOB) shared in a report on Friday. The figure stood at 46.5, down from last month’s 46.6, reaching a 2-month low and remaining in contractionary territory. “The attacks by the Houthis on commercial vessels in the Red Sea have had a …
Oil futures prices rose on Friday, as escalating tensions in the Middle East have raised concerns about the potential spillover of the conflict across borders and its wider impact on crude supply. The uncertainty surrounding ceasefire negotiations between Israel and Hamas, coupled with the recent incident in Gaza where Israeli forces targeted unarmed Palestinians who …
Continue reading “Oil prices edge up by 1% on Middle East turmoil”
Israel’s Defense Minister Yoav Gallant said on Thursday that the Israeli Defense Forces (IDF) is ready for the ground operation in the city of Rafah, in the southern Gaza Strip.”We are closing in on Hamas. We are preparing to act in Rafah, as well as in the central camps, in order to reach the next …
Sufficient supply and uninterrupted oil trade flows despite the Middle Eastern conflicts are set to keep oil prices close to the $80 per barrel threshold this year, the monthly Reuters poll of analysts showed on Thursday. For the fourth consecutive month, more than three dozen analysts and economists continued to revise down slightly their forecast …
Continue reading “Analysts Expect Oil Prices to Remain Close to $80 This Year”
United States President Joe Biden said on Thursday that the potential ceasefire agreement between Israel and Hamas is unlikely to be reached by March 4 as he had initially predicted, Agence France Presse (AFP) reported. In response to the correspondent’s question whether Israel’s attack on the Gaza aid line, which is said to have killed …
Continue reading “Biden: Gaza ceasefire probably not by Monday”
I hesitated to run this Al Jazeera fake news video. It blames Israel for the food riot Hamas started as the aid convoys arrived. This morning, Hamas health officials claimed more than 70 Palestinians waiting for humanitarian aid in Gaza City were killed by Israeli forces. The IDF says that as humanitarian aid was being …