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Ukrainian President Zelenskyy has ordered the import of electricity and additional power equipment to be expedited as much as possible.On January 17, the worlds first legally binding international convention on the protection of biodiversity in the high seas—the Agreement on Marine Biodiversity—officially entered into force, marking a historic moment for global ocean conservation after nearly 20 years of negotiations. According to the Agreement, signatory states must strengthen cooperation in marine science and technology and support developing countries in improving their ocean governance capabilities. Companies planning activities that may harm marine ecosystems must conduct environmental impact assessments according to the Agreements standards. Marine biological research involving commercial development must be reported to the international community and its findings shared. As of the day before the agreements entry into force, 83 countries had completed the ratification process, including major maritime powers such as China. The United States, while having signed the agreement, has not yet ratified it and therefore can only participate in subsequent meetings as an observer, without voting rights.Irans Supreme Leader Ayatollah Khamenei: Those with ties to Israel and the United States caused massive destruction and resulted in the deaths of thousands during the protests.On January 17, Iranian Supreme Leader Ayatollah Khamenei met with thousands of people from various sectors of society in Tehran and addressed the nation on the recent situation. Khamenei stated that because US President Trump has caused casualties and losses in Iran and slandered the Iranian people, "we consider him a criminal." Khamenei elaborated on the nature of the recent unrest and Irans responsibility in dealing with the situation, emphasizing the need to clearly understand the true intentions of hostile forces and to adopt the correct stance in response.January 17th - On January 17th, Carrot Express and UAE-based autonomous mobility company AutoGo announced the official launch of fully driverless commercial operations for the public in Abu Dhabi. Starting immediately, local residents and tourists can hail Carrot Expresss fully driverless vehicles through the AutoGo App. This marks Carrot Expresss first overseas launch of a fully driverless mobility service for the public, signifying a crucial step forward in the commercialization and internationalization of Chinese autonomous driving technology.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Move Higher After CPI Data

Cory Russell

Jan 13, 2023 16:05

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natural gas

The EIA Weekly Natural Gas Storage Report was the main topic of discussion today among gas dealers. In contrast to the analyst estimate of -13 Bcf, the data showed that working gas in storage grew by 11 Bcf from the previous week. Following the publication of the EIA data, natural gas prices rose further as traders concentrated on projections that suggest the weather may get colder starting on January 23.

WTI Oil

WTI oil prices are increasing as traders anticipate more demand from China. Data on US inflation gave oil prices even more support. A less hawkish Fed will benefit oil markets because lower interest rates would ease economic pressure.

Brent Oil

As traders continue to concentrate on the reopening of China's economy, Brent oil is now attempting to settle above the 50 EMA at $84.55. If Brent oil is able to hold above this point, it will continue to rise and move in the direction of the next resistance level at $86.00.