Oil fell after the breach of a key technical level accelerated losses driven by the possibility of increased flows from Iraq, weakening the prospects of supply constraints that have gripped the market recently. West Texas Intermediate slid more than 2% to trade below $71 a barrel, with the drop deepening after prices dipped below their …
Kremlin doesn’t regard sanctions relief as key factor in talks US hinted at easing, toughening of measures to press Russia. Russia doesn’t view sanctions relief as a critical factor in negotiations to end the war and isn’t expecting any significant easing of US penalties, according to a person close to the Kremlin. Officials and some …
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Bybit Hacked For More Than $1.4 Billion in Biggest Crypto Heist of All Time Crypto prices dropped on Friday, with Bitcoin falling to nearly $97,000 and Ether dipping below $2,700 due to a security incident at Bybit. Bybit confirmed a hacker stole over $1.46 billion worth of cryptocurrency from its ETH cold wallet, marking this incident as …
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Russian Security Council Deputy Secretary Grigory Molchanov warned on Friday that NATO poses a growing threat to Russia’s critical port infrastructure, suggesting the alliance may be drafting strategic documents for potential military operations on the country’s seabed. The deputy secretary indicated that NATO is believed to be considering maritime transport, major oil terminals, and rail …
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Experts from Yale University have uncovered a new, concerning condition linked to the COVID-19 vaccines. Dubbed “Post-Vaccination Syndrome” (PVS), it not only comes with a host of uncomfortable symptoms—but it also causes persistent biological changes years after injection. Not only that, the scientists also identified a troubling connection between PVS and the reactivation of a virus known as Epstein-Barr, a …
President Trump stated the Strategic Petroleum Reserve would be filled up quickly, as it is currently at a low level. The Biden administration previously released substantial amounts of oil from the SPR to manage gasoline prices. Trump also promised tax cuts for oil and gas producers, but drillers are hesitant to increase production without higher …
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Summary of Weekly Petroleum Data for the week ending February 14, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.6 million barrels from the previous week. At 432.5 million barrels, U.S. crude oil inventories are about 3% below the five year average for this time of year U.S. …
Ukrainian Energy Minister German Galushchenko said on Thursday in a post on Facebook that Russian forces once again targeted Ukraine’s gas infrastructure, in a “massive attack.” Russian missiles and drones managed to damage production facilities, according to Galushchenko. “The goal of these criminal attacks is to stop the production of gas, which is necessary to ensure …
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The European Union has approved its 16th package of sanctions against Russia, which includes bans on primary aluminum imports and the listing of 73 shadow fleet vessels. The sanctions package adds 48 individuals and 35 entities to the list, resulting in asset freezes and travel bans. European Commission President Ursula von der Leyen stated, ‘The …
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US is designating Venezuela’s Tren de Aragua, Mexico’s Sinaloa Cartel and six other drug trafficking groups with Latin American roots as “global terrorist” organisations. The United States is designating Venezuela’s Tren de Aragua, Mexico’s Sinaloa Cartel and six other drug trafficking groups with Latin American roots as “global terrorist” organisations, according to a federal notice …
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