Powerful Syrian faction brings its administration to Damascus New PM says will govern until March, not clear what happens then Diplomats cite concern over inclusiveness of process UN Resolution calls for new constitution, elections DAMASCUS/BEIRUT, Dec 12 (Reuters) – Rebel leader Ahmad al-Sharaa’s Islamist group is stamping its authority on Syria’s state with the same …
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OPEC has cut oil demand growth forecasts for 2024 and 2025 for a fifth straight month, with the latest cut so far the deepest. OPEC has cut 2024 demand growth by 210,000 barrels a day to 1.6 million barrels a day, 27% below its first estimate made in July, Bloomberg reported. The OPEC secretariat said the revision …
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Summary of Weekly Petroleum Data for the week ending December 6, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.4 million barrels from the previous week. At 422.0 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year. U.S. …
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Restrictions would also target Russia’s shadow tanker fleet Biden looks for ways to sap Kremlin’s war machine in Ukraine The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump returns to the White House. Details of the …
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Crude oil inventories in the United rose by 499,000 barrels for the week ending November 29, according to The American Petroleum Institute (API). Analysts had expected a draw of 1.30 million barrels. For the week prior, the API reported a 1.232-million barrel build in crude inventories. So far this year, crude oil inventories have fallen …
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Events in Syria over the weekend could impact the crude market and increase the geopolitical risk premium on oil prices in the weeks and months to come amid yet more instability in the Middle East region. That’s what Rystad Energy’s Head of Geopolitical Analysis, Jorge Leon, said in a Rystad Energy oil market update, which …
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The IDF has not released a detailed statement regarding the strikes, but the military sources spoke to the Israeli media confirmed that the Navy conducted a major operation on Monday night to eliminate the former regime’s naval fleet. The operation is part of a broader campaign to neutralize military assets and prevent them from falling …
War monitor says Israeli tanks seen in southwestern Damascus Opposition groups led by HTS toppled Assad over the we Israel stepped up its attacks on military sites in Syria, striking hundreds of targets early Tuesday and sending troops deeper into the country. The strikes targeted warehouses and weapons depots in several parts of Syria including …
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The Syrian Observatory of Human Rights indicated on Tuesday that the Israeli strikes reported since the rebels overthrew Syrian President Bashar al-Assad over the weekend have increased to 300. The update comes after loud explosions were reported in Syria’s capital city of Damascus in the early morning by several media outlets. Previously, Israeli Prime Minister …
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