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Drone Attacks Take Khor Mor Gas Field Offline………. Russia’s Krasnodar oil refinery halts operations due to attacks

Four expatriate workers lost their lives, and two others sustained injuries in a recent drone attack on the Khor Mor gas field in Iraq’s Kurdistan region. This attack, reported by an advisor to the Iraqi Kurdish Prime Minister and a senior Kurdish political source, has also resulted in the suspension of production at the site. The ramifications of the assault extend beyond casualties, impacting electricity generation in the region. Kurdistan’s electricity ministry stated that the drone attack disrupted gas supplies to power plants, leading to an approximate 2,500 MW reduction in electricity output. Pearl Petroleum—a consortium comprised of Dana Gas and Crescent Petroleum (operators of the Kurdistan Gas Project), along with OMV, MOL, and RWE hold the rights to develop Khor Mor and Chemchemal, two of Iraq’s largest gas fields. Earlier this week, U.S. troops shot down two drones outside a base in Iraq, the Pentagon has said, although the U.S. military could not confirm whether the attack was targeting U.S. forces. No group has taken responsibility for Friday’s attack on the gas field that contains more than 7 trillion cubic feet of natural gas reserves. “Good efforts have been made in the past to improve the energy sector and economic infrastructure in Iraq, especially in the Kurdistan Region, and while steps are being taken to resolve the disputed, evil and destructive hands once again targeted the Khor Mor gas field in a terrorist act. These repeated strikes must be stopped, and we urge the Iraqi government to find the perpetrators of this terrorist act and bring them to justice,” Peshawa Hawramani, KRG spokesperson said in Friday a statement following the attack.

Russia’s Krasnodar oil refinery halts operations due to attacks

The Slavyansk ECO oil refinery in Krasnodar has temporarily halted its operations due to previous attacks carried out by the Ukrainian Armed Forces, according to a report by TASS on Saturday. “The work of the plant has been partially suspended. Exactly 10 UAVs flew into the plant, there was a strong fire. There may be hidden damage,” Eduard Trudnev, the security director at Slavyansk ECO Group, which manages the facility, told the media.

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Austin: Iran should check effectiveness of their weapons

US Defense Secretary Lloyd Austin says that Iran should question the effectiveness of its weapons systems after its failed attack on Israel earlier this month. “They should be questioning the effectiveness of their weapons systems and their planning,” Austin tells reporters. “Hopefully, they don’t walk away from this over-confident that they can do this at will, because I think Israel has demonstrated that it has a significant ability to defend itself,” Austin added.

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Houthis hit British oil tanker in Red Sea……… Houthis Shoot American MQ9 Drone Down

Yemen’s Houthi rebels claimed responsibility for striking a British oil tanker, the Andromeda Star, in the Red Sea. According to Yahya Saree, the Houthi military spokesperson, the attack involved multiple naval missiles and resulted in a direct hit on the vessel. Additionally, Saree announced that the group had successfully shot down an American unmanned aerial vehicle (UAV) in the airspace of Yemen’s Saada Governate.

Houthis Shoot American MQ9 Drone Down

Houthi spokesperson Yahya Saree announced the shooting down of american mq9 drone above Saada governorate. Houthis confirmed that they were targeting British oil vessels in the Red Sea. Saree said, “The naval forces of Yemen targeted the British oil tanker (ANDROMEDA STAR) in the Red Sea with several appropriate sea missiles, which directly hit the ship. The air defense forces of the Yemeni Armed Forces succeeded in shooting down an American MQ9 drone over the Sa’ada Governorate, during its hostile operations, and it was targeted with an appropriate missile .The Yemeni Armed Forces confirm their continued execution in support of the Palestinian people until the lifting of the siege and stopping the aggression against the Palestinian people in the Gaza Strip.”

NN: Audio File:
all hell is about to break loose

 

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Israel, Hezbollah continue to exchange fire……….. HOUTHIS THREATEN WITH CONFLICT EXPANSION IN INDIAN OCEAN Footage reveals Israeli strikes on southern Lebanon..

 

Israeli Defense Forces (IDF) said on Friday in a statement that overnight, anti-tank missiles were launched from Lebanon toward Mount Dov. As a result, one individual died. Meanwhile, Israel’s Air Force struck Hezbollah sites in “the Shebaa area in southern Lebanon.” IDF specified that a weapons depot was one of the targets. IDF further confirmed that the militant group’s infrastructure in the Kfarchouba area was hit.

Footage reveals Israeli strikes on southern Lebanon

Video footage obtained by Al Jazeera Arabic revealed Israeli military strikes on the southern Lebanese town of Chebaa. According to reports, Israeli fighter jets targeted “terrorist infrastructure” in the Kfarchouba area, adjacent to Chebaa. Additionally, a “military structure” near Markaba village, further south, was also struck. Lebanese and Israeli authorities have yet to provide official statements regarding the attacks.

Houthis threaten with conflict expansion in Indian Ocean

Yemen’s Houthis leader Abdul-Malik warned Thursday that the military organization is seeking to expand its operations against international vessels in the Indian Ocean. In a video speech, Malik reaffirmed the group’s objective to continue carrying on with strikes in the aforementioned ocean, besides the Red Sea as long as Israel persists in “war and siege on the Gaza Strip.” He claimed that the rate of targeting Israel-linked ships increased to one vessel every two days, impacting 102 Israeli vessels while causing damage worth $50 million to US ships. He stated that a longer-lasting conflict in Gaza will have an impact on the economic situation of “the enemies.”

BlackMask Pod Cast

War is Coming And It Will Spread

 

 

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Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June

  • The crude inventory build at the middle of the month triggered fears that oil demand could be weakening.
  • StanChart has forecast that global oil demand will pick up strongly in May and June, exceeding 103 mb/d for the first time in May.
  • With the next key ministerial meeting just six weeks away, concerns about demand and the macroeconomic environment are likely to dominate the meeting.

Oil prices have held steady week on week despite a significant inventory build in U.S. crude two weeks ago, which was countered by a draw in U.S. crude stockpiles for the week ending April 19th. Next to this, traders have become less concerned about a potential supply disruption in the Middle East.  The crude inventory build at the middle of the month triggered fears that oil demand could be weakening; however, Standard Chartered estimates that global inventories will increase by only 74,000 barrels per day in the month of April, a much smaller build compared with 2.2 million barrels per day (mb/d) build in April 2023 and the 1.4 mb/d build in April 2022. StanChart notes that the markets could be more sensitive to this change in trajectory following the strong counter-seasonal inventory draws during the first quarter of 2024. Even better for the bulls, StanChart has forecast that global oil demand will pick up strongly in May and June, exceeding 103 mb/d for the first time in May (at 103.15 mb/d), increasing further in June to 103.82 mb/d.  The commodity experts have predicted global inventory draws of 1.53 mb/d in May and 1.69 mb/d in June, tightening physical spreads significantly. StanChart also says that OPEC is unlikely to increase output in the near-term thanks to the stall in the oil price rally despite having room for at least 1 mb/d of extra OPEC output in Q3 without increasing inventories.  With the next key ministerial meeting just six weeks away, concerns about demand and the macroeconomic environment are likely to dominate the meeting. StanChart says we are likely to record a 1.6 mb/d Q3 draw in stocks if there is no increase in OPEC output, compounding the price effect of a H1-2024 draw of 1.1 mb/d. Recently, the Biden administration passed new sanctions on Iran’s oil sector as part of the $95-billion foreign aid package to Ukraine, Israel and Taiwan. In a move aimed at reducing Iran’s oil trade with China, the broadened sanctions now target Chinese banks that conduct transactions involving Iranian crude and products. The sanctions now include foreign refineries, vessels, and ports that knowingly process, transfer, or ship crude oil in violation of existing sanctions. The new sanctions could prove significant in disrupting market fundamentals considering that  Iran currently produces about 3 million b/d and is expected to increase output by a further 280,000 b/d this year. StanChart has predicted that whereas the upcoming U.S. presidential election may influence the timing of the next swing down in Iranian exports, Iran’s oil flows are bound to take a hit regardless of who ascends into the Oval Office in 2025. The analysts note that existing U.S. policy instruments were enough to drive Iranian exports down to close to zero in late 2020, before the international context, and the associated implementation policies, changed. StanChart has argued the Biden administration has room to start implementing the sanctions immediately despite the risk of increased fuel prices during an election year. StanChart notes that the record-high on the day of a U.S. presidential election is $3.492/gal in 2012 (when the incumbent won), equating to about $4.80/gal in 2024 money terms after adjusting for consumer inflation. That’s $1.14/gal higher than current prices, with the U.S. national gasoline price average at $3.66 per gallon. StanChart says that whereas recent U.S. international oil policy has clearly been designed with a view to moderating oil price effects, it does not mean that the U.S. has necessarily chosen a policy of minimum pressure on Iranian and Russian oil exports.

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Israel Steps Up Cross-Border Strikes on Hezbolla……. IDF ready for Rafah operation, just waiting for green-light from gov’t h in Lebanon

The Israeli military said it struck about 40 sites linked to Hezbollah in southern Lebanon, an apparent escalation of the near daily skirmishes between the two sides since the start of the war in Gaza. The Israel Defense Forces said its rockets hit storage facilities, weaponry and “additional targets used by Hezbollah” in the area of Ayta ash Shab, a village near the Israel-Lebanon border. The barrage came a day after the Iran-backed militant group staged the deepest attack inside Israel since their exchanges began in October. There was no immediate response from Hezbollah or reports of any casualties. The shekel reversed its gains, trading 0.4% weaker as of 5 p.m. in Tel Aviv on Wednesday. The US and European allies have long been concerned that tension between Israel and Hezbollah could evolve into a full-on front in the broader Middle East conflict, which has seen Israel clash with both Iran and its various proxy militias around the region. Hezbollah, which like Hamas is dedicated to the destruction of the Jewish state, is the most powerful of those Islamist groups, which also include the Houthis in Yemen. Israeli Defense Minister Yoav Gallant said the army has already killed half of Hezbollah commanders in southern Lebanon and its goal is to restore border security and allow tens of thousands of evacuated residents to return home. “We are dealing with a few alternatives to make this a reality, and the coming period will be decisive,” he said in a video statement.

IDF ready for Rafah operation, just waiting for green-light from gov’t 

Israel is also readying its military to start a major ground invasion of Rafah, the southern Gazan city where more than 1 million Palestinian civilians have taken refuge from the ongoing war with Hamas. Prime Minister Benjamin Netanyahu’s government believes the remaining Hamas fighters and some leaders are holed up there. The Israel Defense Forces said it hit storage facilities, weaponry and “additional targets used by the Hezbollah” in the area of Ayta ash Shab. Hezbollah is thought to have more than 100,000 fighters, many of which are situated close to the border with Israel. The group has a far bigger and more sophisticated arsenal of missiles and other weapons than Hamas, which Israel is trying to destroy in retaliation for the Oct. 7 deadly attacks on the south of the country. Hezbollah and Hamas are considered terrorist organizations by the US. On Tuesday, the Lebanese militia fired explosive-laden drones at two army bases on Israel’s northern coast after Israeli strikes killed two of its key operatives. It was the farthest it has struck inside Israeli territory since the start of the Gaza war, with Israel intercepting what it described as three “suspicious aerial targets” and sirens sounding in several coastal cities including Acre. Earlier on Wednesday, Hezbollah hit two houses with missiles fired toward Avivim, an Israeli settlement near the Lebanese border.

NN: Audio File:

Israel Massing Troops for Rafah Invasion

 

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Reports Indicate Iran Intends to Disrupt Strait of Hormuz

Recent reports indicate that Iran intends to disrupt operations in the Strait of Hormuz, Dryad Global stated in its latest Maritime Security Threat Advisory (MSTA), which was released on April 22. “The most recent incident, the seizure of the MSC Aries, demonstrates that Iran, despite being preoccupied with missile operations against Israel, continues to interdict and control vessel movement in the Strait of Hormuz, Persian Gulf, and Arabian Sea,” Dryad noted in the MSTA. “While Iran has repeatedly stated that it has the capability to shut down the choke point, doing so has appeared unfavorable because it would enrage its neighboring Arab nations,” it added. In the MSTA, Dryad said Iran’s most recent missile attack on Israel “was more theatrical than genuine military operations, knowing that Israel’s defense systems could easily defeat its drone and missile barrage”. “Iran is likely to intensify its operations in more easily controlled territory, such as the Strait of Hormuz, posing a significant threat to Israeli and NATO-affiliated commercial vessels,” it added. In a release sent to Rigzone earlier this month, Xeneta, which describes itself as the leading ocean freight rate benchmarking and intelligence platform, said the seizure of a container ship by Iran in the Strait of Hormuz on April 13 “is extremely concerning and threatens to put trade lanes in the Middle East at risk”. “It has been reported that the MSC Aries was seized by Iran Revolutionary Guards 50 nautical miles (92km) northeast of Fujairah, an area close to the Strait of Hormuz that forms the entrance to the Arabian Gulf,” Xeneta noted in the release. “The latest incident follows ongoing conflict in the Red Sea region – the gateway to the Suez Canal – which has seen ocean freight container ships avoiding the area due to missile attacks by Houthi militia,” it added. Peter Sand, a Chief Analyst at Xeneta, said in the release, “an already bad situation in the Red Sea and Gulf of Aden has just got worse and could put ocean freight container imports and oil exports in the Middle East at risk”. On its site, Dryad describes the Strait of Hormuz as a narrow 21 mile wide channel separating Iran from the Arabia Peninsula. “It is used to transport a fifth of the world’s petroleum liquids which is around 21 million barrels or $1.2 billion worth of oil every day,” Dryad states on its site.  “The majority of Saudi Arabia’s crude exports pass through the Strait of Hormuz, meaning much of the oil-dependent economy’s wealth is situated there, similarly, 10 percent of the U.S.’s total oil imports per month transit the straits,” it adds. “Further, a quarter of the world’s LNG is also transported through the channel. This makes the Strait of Hormuz not only the world’s busiest shipping lane but also the most strategically important choke point for the world’s oil supply because there are limited alternatives to bypass the strait,” it continues. In a gas and LNG market update sent to Rigzone on April 17, Rystad Energy Senior Analyst Lu Ming Pang said, “the strategic significance of the Straits of Hormuz cannot be overstated and market participants will be closely monitoring developments in the region”. Pang described the straits as “a crucial artery for Qatar and the UAE to reach both European and Asian markets”. “As tensions simmer, global energy dynamics have a lot at stake, knowing that any added disruption could send energy prices shooting upward,” Pang added. “At the moment, fundamentals in the gas and LNG markets have not changed despite the retaliatory strike by Iran on Israel and prices in the global markets continue to reflect that. Nevertheless, the situation is fluid,” Pang continued. In a research note sent to Rigzone on April 20, analysts at J.P. Morgan said, “the closure of Hormuz is a low-risk event as Iran will be shooting itself in the foot both economically and politically by irritating its main customer”. In a statement posted on its website on April 13, the Norwegian Maritime Authority (NMA) warned of “enhanced tension and threat in the Persian Gulf, Strait of Hormuz, Gulf of Oman, and Arabian Sea”. “Due to the latest information and incidents, the NMA urge Norwegian vessels in the area to be cautious and to enhance vigilance operating in the area,” the NMA said in the statement. “CSO and SSO should seek information from reliable sources on the development in the area, and take necessary action as required,” it added. “The development is monitored closely from our side and the security level in the area may change on short notice,” it continued.

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IDF preparing to start Rafah operation ‘very soon’

Initially, the US had expressed firm opposition to an operation in Rafah, in fear of worsening the humanitarian crisis in Gaza, however now they are willing to move forward with the operation.

The IDF is preparing to begin the ground operation in Rafah “very soon,” beginning with a massive evacuation of over a million Palestinians, Kan 11 reported Tuesday evening, citing two American officials. 

Palestinians will reportedly be required to evacuate in the next four to five weeks to tent complexes that international aid organizations have set up.  The plan for the Rafah operation has been presented to American officials as well as other agencies in the region, KAN noted. According to the plan, the operation will move forward in stages, based on a regional division of the Gazan city into defined areas.  At each stage, the IDF will inform the local population before they advance into each area so the local population can evacuate before the IDF moves forward. The IDF approved the latest plan for the Rafah operation at the beginning of this week after three previous plans were suggested. The US government has expressed firm opposition to an operation in Rafah without a credible plan to protect civilians.

However, an Israeli security official said that the US understands the need for the operation and is no longer opposed, according to the Kan report.

“We are preparing to establish a joint operation with the United States. We understand the concern, but we will not be able to complete the mission without entering Rafah, which could also help relieve pressure on the hostage issue,” the official stated. Amid the preparations for the Rafah operation, government officials reportedly continue to discuss potential changes to Israel’s side of the hostage deal negotiations to ensure the deal’s advancement. NN: Israel is amassing troops for a invasion.

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US Senate approves $95 billion aid package with TikTok provision

The United States Senate green-lit a $95 billion aid package aimed at assisting Ukraine, Israel and Taiwan.

Of particular interest is a provision within the bill concerning TikTok. It included a clause that would compel ByteDance, the owner of TikTok, to either sell the popular social media platform or face a ban in the United States.

This bipartisan effort comes after months of deliberation and delay. The vote, which stood at 79-18, saw a notable increase in Republican support compared to earlier considerations. Thirty-one Republicans aligned with 48 Democrats to ensure the passage of the bill, marking a bipartisan triumph. However, two Democrats, Senators Merkley and Welch, along with independent Senator Bernie Sanders, joined 15 Republicans in voting against the legislation.

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Oil up 1% on geopolitical concerns

Prices of oil futures rose by more than 1% on Tuesday as markets remained wary of the potential spillover of Israel’s conflict with Iran to other parts of the Middle East, apparently resulting in market fears about the future of the global oil supply.

West Texas Intermediate (WTI) for settlements in Jun rose by 1.14% at 4:43 am ET to sell for $82.84 per barrel. At that minute, Brent for June’s deliveries gained 1.14% to go for $88.00 per barrel.