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On December 1st, the Russian Ministry of Defense reported on November 30th that Russian forces conducted operations in multiple directions, including Sumy and Kharkiv, over the past day. Russian forces struck targets in 143 areas of Ukraine, including Ukrainian military-industrial complexes, fuel depots, and temporary deployment points for Ukrainian troops and foreign mercenaries. Russian air defense systems shot down 230 fixed-wing drones. In the Donetsk regions Krasnodar city (known as Pokrovsk in Ukraine), Russian forces continued their advance into the eastern and northwestern areas of the city, repelling 10 Ukrainian relief attacks. On the same day, the General Staff of the Ukrainian Armed Forces reported 271 battles along the front lines over the past day, with Ukrainian forces repelling Russian offensives in multiple directions. The Ukrainian Air Force, missile units, and artillery attacked four Russian personnel concentration areas and two artillery systems. Ukrainian President Zelenskyy posted on social media that day that Russian forces had launched attacks on Ukraine this week using nearly 1,400 drones, 1,100 guided-missile bombs, and 66 missiles.Research by the Stockholm International Peace Research Institute shows that the worlds top 100 defense companies will generate a record $679 billion in revenue in 2024.Both WTI and Brent crude oil rose 1% in early trading on Monday, currently trading at $59.36 per barrel and $63.64 per barrel respectively.December 1st - According to Irans Mehr News Agency on November 30th, the Iranian Islamic Revolutionary Guard Corps (IRGC) confirmed the seizure of a foreign oil tanker carrying 350,000 liters of smuggled fuel in the Persian Gulf. Heidar Honarianan Mojarad, commander of the IRGCs Second Coastal Defense District, told Mehr News Agency that the tanker was flying the Swazi flag and had 13 foreign crew members. The ship has been transferred to a port in southern Iran and is currently unloading its cargo. The report did not mention the specific date of the seizure.British Prime Minister Keir Starmer will outline growth plans following the budget in a speech on Monday.

Biden Reversing Trump's Decision to Expand Oil Drilling in The Arctic

Haiden Holmes

Apr 26, 2022 10:01

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On Monday, the Biden administration rescinded a Trump administration proposal that would have permitted the government to lease more than two-thirds of the country's greatest tract of public property to oil and gas drilling.


The decision by the Bureau of Land Management reduces the amount of land available for lease in Alaska's National Petroleum Reserve, a nearly 23 million-acre zone home to species such as caribou and polar bears.


The decision reverts to an Obama-era plan that authorizes fossil fuel exploitation in up to 52% of the reserve, vs the Trump administration's desire to open up 82 percent of the land to drilling. Additionally, it will reinstall some environmental safeguards for designated portions of the reserve, including Teshekpuk Lake, a wildlife-rich wetland complex.


The action comes after the Bureau of Land Management awarded the fewest oil and gas permits for drilling on public lands under the Biden administration earlier this year.

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