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A U.S. appeals court rejected the Trump administrations request to implement rules restricting mail-in voting.September 11 – According to the Wall Street Journal, citing informed officials in the US and the Middle East, Iran has resumed ballistic missile production, reassembling missiles in underground facilities using previously stockpiled components. Sources say Iran is producing liquid-fueled and solid-fueled ballistic missiles and is operating at multiple underground locations, including the Khojir missile facility in southeastern Iran, while also attempting to build new underground assembly sites to avoid further attacks. The report states that Iran is currently relying primarily on existing stockpiled components for low-scale production, with output below pre-war levels. A US official stated that Iran may be assembling at least several hundred missiles using existing components. The report cites analysts as saying that Iran previously stockpiled warheads, missile bodies, and guidance and control systems; new missile production depends on the size of the stockpile and the recovery of underground facilities, and could reach hundreds or even thousands of missiles. US Department of Defense spokesman Parnell stated that the US has destroyed "up to 90%" of Irans drones, ballistic missiles, and naval industrial infrastructure. Previously, US Defense Secretary Hergsays also stated that Irans missile program had been "substantially destroyed." However, satellite images show that Iran is repairing roads, bridges, production facilities, and missile base tunnel entrances, raising concerns among US and Israeli officials that its military capabilities are being restored.According to the Wall Street Journal, informed U.S. and Middle Eastern officials say Iran has resumed ballistic missile production using stockpiled parts and in underground facilities, undermining major war gains previously claimed by the U.S. and Israel.According to Al Jazeera, the UN Security Council meeting on Yemen, requested by the UK and Bahrain, will be held tonight local time.Officials involved: Federal Aviation Administration (FAA) Administrator Bryan Bedford met with airline CEOs on Thursday to discuss plans to use software systems to reduce flight delays.

Despite an increase in US official oil stock statistics, WTI extends its rebound to near $79.00

Daniel Rogers

Dec 30, 2022 11:20

 截屏2022-12-29 下午4.54.13_1024x576.png

 

West Texas Intermediate (WTI) futures on the New York Mercantile Exchange (NYMEX) have continued their recovery move over the important resistance level of $78.50 during the Tokyo morning session. As a result of supply concerns due to a prohibition on oil sales from Russia to G7 nations and the European Union and anticipation of a recovery in demand predictions in China as a result of reopening steps, the oil price experienced buying activity around $77.00.

 

Russia has no intention of supplying fossil fuels at prices lower than those prevailing on the market, therefore oil supply is projected to remain a key concern. Without a question, western nations are actively seeking alternatives to Russia to meet their oil demand, but their reliance on Russian oil will keep them in agony in the medium run.

 

Meanwhile, the sheer velocity of reopening steps by the Chinese government in Beijing has caused short-term chaos owing to a sharp increase in the number of infections; however, Covid-19 may have reached its peak and the economy will restore its forward momentum.

 

According to a letter from Goldman Sachs economists, "For oil prices, we remain bullish on oil prices in the immediate future given the possibility for increasing China demand, and reduced supply growth from US shale due to discipline/tight service markets, and OPEC+ quota reduction."

 

The United States Energy Information Administration (EIA) stated on Thursday, for the week ending December 23, that the oil price rebounded following a short decline due to an increase in oil stockpiles. The official US agency reported an increase of 0.718,000 million barrels in oil inventories, whereas the market had anticipated a decrease of 1.52 million barrels.

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