Category: Oil
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Draghi’s real message on European competition enforcement: “Not delivering on innovation and growth”
The Draghi report on The Future of European Competitiveness (Draghi 2024) is a milestone – 400 pages of dense analyses and prescriptions to address a profound crisis of productivity and growth in Europe (major loss of ground in digital technologies, persistent focus on ‘mid tech’, lack of suitable capital, fragmentation and lack of coordination at…
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How Israel Planted Explosives in Thousands of Hezbollah Pagers
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Sep 18, 2024, 1:26 AM CDT Israel’s intelligence service planted explosives in several thousand pagers that Hezbollah had ordered from Taiwan, Reuters has reported in the wake of deadly pager explosions that killed nine in Lebanon earlier this week. Among those…
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Oil prices set to snap two-day winning streak ahead of Fed decision
TOKYO :Oil prices fell on Wednesday and were set to snap a two-session winning streak ahead of a likely interest rate cut by the U.S. Federal Reserve, as weak macroeconomic data weighed on demand despite the potential for more violence in the Middle East. Brent crude futures for November were down 45 cents, or 0.6…
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US military acknowledges Yemen’s Houthi rebels shot down 2 MQ-9 Reaper drones
Yemen’s Houthi rebels have shot down two American MQ-9 Reaper drones in under a week, further highlighting the regional spread of the Israel-Hamas war ByJON GAMBRELL Associated Press September 17, 2024, 10:49 PM DUBAI, United Arab Emirates — DUBAI, United Arab Emirates (AP) — Yemen’s Houthi rebels shot down two American MQ-9 Reaper drones in…
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Oil Climbs on Fed Rate Cut Hopes and Renewed Lebanon Tensions
by Bloomberg | Antonia Mufarech and Alex Longley | Tuesday, September 17, 2024 | 3:53 PM EST Oil rose as expectations increased that the Federal Reserve will be more aggressive with its interest rate cuts and a series of deadly blasts in Lebanon reignited geopolitical tensions. West Texas Intermediate jumped more than 1.5% to settle above…
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Oil prices steady, with investors focusing on Fed decision
Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo Purchase Licensing Rights, opens new tab TOKYO, Sept 18 (Reuters) – Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the U.S.…
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LARRY KUDLOW: Right now, with the world on fire, we have neither peace nor strength
The U.S. shrugs as World War III approaches and that’s the subject of the riff. Check out the important WSJ op-ed by respected foreign policy analyst Walter Russell Mead, entitled: “U.S. Shrugs as World War III Approaches.” On the campaign trail, Donald Trump often talks about the threat of World War III. I hope as…
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While You Were Sleeping: 5 stories you might have missed, Sept 18
Updated Sep 18, 2024, 06:15 AM Published Sep 18, 2024, 05:28 AM Hezbollah vows to punish Israel after pager blasts kill nine Lebanon’s Hezbollah promised to retaliate after blaming Israel for detonating pagers on Sept 17 that killed at least nine people and wounded 2,750 others, including many of the militant group’s fighters and Iran’s…
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As Middle East tensions simmer, the world fixates on the wrong energy market risks
As the anniversary of Hamas’ devastating October 7 attack on Israel approaches and the escalation of the Israel-Gaza war continues, tensions in the Middle East show no signs of receding. Iran’s role in supplying, training, and facilitating attacks from Hamas, Hezbollah, and the Houthis is well-known, but fears persist that dismantling this network will lead…