EUR/USD 1.17092
-0.103%
Gold 4339.50
0.156%
Oil 56.513
1.153%
USD/JPY 157.685
1.371%
GBP/USD 1.33734
-0.060%
GBP/JPY 210.883
1.325%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 21, Russian Presidential Aide Ushakov told the media that the proposal to hold trilateral talks between Russia, the United States, and Ukraine has not yet been put on the agenda or discussed. He also pointed out that the modifications proposed by Ukraine and Europe to the Russia-Ukraine "peace plan" are not conducive to advancing the agreement. Ushakov confirmed that Russias Special Representative for Foreign Investment and Economic Cooperation, Dmitriev, is currently in Miami holding talks with the US. He revealed that Dmitriev will report on the results of the talks with the US after returning to Moscow. On the same day, Russian Presidential Press Secretary Peskov told the media that President Putin has no plans to speak with US President Trump before the end of the year, but arranging a call would be easy.On December 21st, according to Japanese sources, during a debate program, Itsunori Onodera, chairman of the Liberal Democratic Partys (LDP) Security Research Council, proposed that it is necessary to discuss the definition of the "Three Non-Nuclear Principles." He discussed Japans current reliance on the US "nuclear umbrella," stating, "This is one of the issues that should be discussed." Onodera said the LDP plans to submit a related motion to the Cabinet in February next year to promote discussion in the Diet. The "Three Non-Nuclear Principles" refer to not possessing, manufacturing, or introducing nuclear weapons. Recently, several political parties, politicians, and numerous civic organizations in Japan have called for adherence to the "Three Non-Nuclear Principles" to avoid a repeat of the tragedy of war.Kremlin: The idea of a trilateral meeting between Russia, the United States, and Ukraine has not yet been discussed.On December 21, the Communist Party of Cuba issued a statement on its official website on the 20th, condemning the US governments escalation of aggression against Venezuela in the strongest terms and accusing the US of its recent actions in Venezuela of being a deliberately planned and dangerous act.SpaceX: Public safety is always our top priority during flight tests. We will continue to ensure that public safety is maximized.

Oil Prices Fall As China's COVID Epidemic Dampens Consumption

Haiden Holmes

Dec 29, 2022 11:09

119.png


On Thursday, oil prices declined as rising COVID-19 cases in China dampened expectations of a resurgence in gasoline consumption in the world's second-largest oil user.


The magnitude of the most recent epidemic and skepticism over official statistics caused several nations to impose fresh travel restrictions on Chinese tourists, while China began dismantling the world's tightest COVID framework of quarantines and testing.


By 01:23 GMT, Brent futures for February delivery had dropped 42 cents, or 0.5%, to $82.84 per barrel, while U.S. crude had decreased 50 cents, or 0.6%, to $78.46 per barrel.


Oil markets were also impacted by forecasts of another U.S. interest rate hike, as the Federal Reserve attempts to contain price increases in a labor market with tight labor conditions.


Inventories of crude oil in the United States decreased by around 1.3 million barrels less than anticipated for the week ending December 23, according to market sources quoting American Petroleum Institute data.


Analysts had predicted a decline of 1.5 million barrels. Thursday at 10:30 a.m. Eastern Standard Time, the U.S. government will disclose its weekly numbers.


Also dragging on pricing, pipeline operator TC Energy (NYSE:TRP) said it was attempting to resume the Keystone pipeline segment that was forced to be shut down last month due to a leak. However, a frost in the north has rendered several oil refineries inoperable, boosting crude supply.


The activities of oil refiners continued to increase, but part of this recovery is anticipated to prolong into January.


The markets received some assistance from Russian President Vladimir Putin's embargo on crude oil and oil product shipments to nations that adhere to a Western price ceiling beginning on February 1 and lasting for five months.


Germany stated that the restriction has "no practical relevance" as the government has been trying to replace Russian oil imports and assure supply security since spring.

Suggestion