Oil prices began the 2025 trading year with a rise in Asia on Thursday as market sentiment turned positive on expectations of stronger economic and oil demand growth. Oil prices have been rangebound for most of the fourth quarter amid concerns about demand in China and other major economies and expectations of an oversupply this year. …
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US President-elect Donald Trump reiterated on Tuesday night his warning to Hamas to release the hostages it is holding in Gaza. At a New Year’s Eve gala at his Mar-a-Lago resort in Florida, Trump was asked by a CNN reporter whether he had spoken recently to Israeli Prime Minister Benjamin Netanyahu about a potential ceasefire …
Ukrainian Ministry of Energy confirmed on Wednesday in a statement that the transit of Russian gas through the Ukrainian territory has been suspended. The ministry noted that this was done in order to uphold the national security interests, adding that Kiev’s international partners have already been informed about the decision. “We stopped the transit of Russian …
Yemen-based Houthis said on Tuesday that they carried out another attack on Israel using hypersonic ballistic missiles, the rebel group’s spokesperson Yahya Saree (pictured) said in a statement. Saree shared that the group targeted Ben Gurion Airport and a power plant in Jerusalem, claiming that “the two missiles successfully hit their targets. Additionally, he revealed …
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Crude oil prices started the last week of 2024 with a modest gain in anticipation of the last economic reports for the year from China and the United States, but prices quickly reverted back to where they had started. Brent crude was trading at $74.00 per barrel at the time of writing, and West Texas Intermediate was …
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Sirens rang out across parts of Israel as a missile was launched from Yemen, according to the Israeli military. The strike follows Israel’s attacks on Yemen’s capital, Sanaa, including its international airport, and coastal cities. It also comes after Israel said it used the United States’ Terminal High Altitude Area Defense (THAAD) system for the first time to …
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The United States’ Terminal High Altitude Area Defense (THAAD) system was used in Israel for the first time, attempting to intercept a missile launched from Yemen. The THAAD system, deployed by the Biden administration in October, was stationed in Israel alongside approximately 100 US personnel to bolster Israel’s missile defenses amid escalating regional tensions. It …
Weekly Petroleum Data for the week ending December 20, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.2 million barrels from the previous week. At 416.8 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year U.S. crude …
Israeli Prime Minister Benjamin Netanyahu in an interview with Channel 14 on Thursday warned that Israel was “just getting started with the Houthis” after his country launched a series of airstrikes targeting the Yemen-based militant group. “We won’t allow them [to attack Israel] these days, today and any other day. We will strike them to the …
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Russia’s Deputy Foreign Minister Sergey Ryabkov stated on Friday that the country is evaluating all possible measures regarding the resumption of nuclear tests.Speaking to Kommersant, Ryabkov criticized US policies, particularly past stances by US President-elect Donald Trump, highlighting Washington’s refusal to ratify the Comprehensive Nuclear-Test-Ban Treaty. Ryabkov cited the 2018 US nuclear doctrine, which framed …
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