Oil prices are being driven higher by geopolitical events, James Davis, FGE’s Director of Short-Term Global Oil Service and Head of Upstream Oil, told Rigzone. “You can say there is some ‘risk premium’ as a result, but it would be more accurate to say part of this ‘risk premium’ is due to ‘trade friction’ as …
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Marking the third-straight week of hefty gains, Commercial crude oil inventories in the United States, not counting those in the Strategic Petroleum Reserve (SPR), saw a weekly rise of 4.2 million barrels to 447.2 million barrels in the seven days ending February 23, the Energy Information Administration (EIA) said in its report published on Wednesday. …
While official data indicates an oil glut, the physical oil market is experiencing significant tightness, as evidenced by soaring spreads, contrary to market expectations. Factors contributing to the physical market’s tightness include supply issues in various regions, including vessel diversions, freeze-offs in the US, worker protests in Libya, and logistical constraints in the North Sea. …
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Senior Hamas representative in Lebanon Osama Hamdan said on Tuesday that the temporary ceasefire proposal, which in his words was leaked by the United States as a way of influencing Palestinian public opinion, does not meet the militant group’s demands. “The Paris Summit draft is an American proposal and its goal is to give [Israeli …
https://youtu.be/330VT7d5Vac The IDF presented a plan to the war cabinet this evening for the evacuation of Palestinians civilians from combat zones in Gaza’s southernmost city of Rafah and its operational strategy going forward, the Prime Minister’s Office says. The army “presented the war cabinet with a plan for evacuating the population from the areas of …
One of the goals in war cabinet discussions, centered around preventing humanitarian aid from reaching Hamas is finding alternatives to UNRWA to distribute aid, an Israeli official tells The Times of Israel. “There are discussions with other humanitarian groups in Gaza,” says the official. The official adds that Israel wants aid to reach the northern …
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“We really need this deal because we really need this pause,” a U.S. official told Axios on Saturday. The Biden administration is highly concerned about a possible Israeli military operation in Rafah, where over a million Palestinians are living. The U.S. fears the operation could move forward within weeks if a hostage deal isn’t achieved. …
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https://youtu.be/330VT7d5Vac Israel has agreed to an updated framework that would establish a six-week cease-fire in Gaza in exchange for the release of 40 hostages, an Israeli source told ABC News. The development follows talks in Paris, which includes officials from the U.S., Israel, Qatar and Egypt. While Israel says it’s waiting to hear back from …
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Palestinian Authority (PA) Prime Minister Mohammad Shtayyeh (pictured) said on Monday that he submitted his government’s resignation to PA President Mahmoud Abbas later today. Shtayyeh made the announcement at a press conference and noted he submitted his resignation at the opening of the PA government meeting in Ramallah. “I see that the next stage and …
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ALBAWABA – Sources told AlArabiya that the current Palestinian government, headed by Mohammad Shtayyeh, will be resigning on Tuesday, and is most likely to be replaced with a Technocrat Government formed and headed by Dr Mohammad Mustafa as incoming Prime Minister. The source told AlArabiya that the new to-be-formed government will be solely a technocrat …
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