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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.On December 21, six sources familiar with U.S. intelligence said that a U.S. intelligence report continues to warn that Russian President Vladimir Putin has not abandoned his goal of occupying the whole of Ukraine and reclaiming the European parts of the former Soviet Union. This report contrasts sharply with the account given by U.S. President Donald Trump and his Ukrainian peace negotiators, who claim Putin wants to end the conflict. According to one of the sources, the latest report was dated late September. This intelligence also contradicts Putins denial of posing a threat to Europe. According to the sources, this intelligence is largely consistent with the views of European leaders and intelligence agencies that Putin covets the entire territory of Ukraine and former Soviet states, including some NATO member states.December 21 - According to the Japan Meteorological Agency, a 5.5-magnitude earthquake struck off the eastern coast of Aomori Prefecture, Japan, at approximately 10:29 a.m. local time on December 21. The maximum tremor was felt as a 4, and the epicenter was 50 kilometers deep.On December 21, the United States intercepted another oil tanker off the coast of Venezuela, which the Venezuelan government called an act of piracy. Jeremy Paner, a partner at the Washington-based law firm Hughes Hubbard and a former investigator with the Office of Foreign Assets Control (OFAC), said the ship was not subject to U.S. sanctions. “The seizure of a vessel not sanctioned by the United States marks a further increase in pressure on Venezuela by Trump,” Paner said. “This also contradicts Trump’s statements that the U.S. will blockade all sanctioned oil tankers.”

On Expectations of Increased Chinese Demand, Oil Prices Rise

Mila Graham

Dec 28, 2022 16:10

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Markets were optimistic about a rebound in fuel consumption, which resulted in an increase in oil prices on Wednesday. China continues to remove its COVID-19 restrictions.


Brent futures for February delivery were up 31 cents to $84.64 a barrel by 01:17 GMT, a 0.4% increase. The price of U.S. crude rose by 22 cents, or 0.3%, to reach $79.75 a barrel. On Tuesday, the two benchmarks rose to their highest level in three weeks as a result of the positive market mood.


There is anticipation that demand for petroleum will rise as China, the second-largest economy in the world, gets ready to reopen its borders next month after three years of severe restrictions on trade and travel to stem the spread of COVID.


Prices were raised further by news that, in accordance with a directive from President Vladimir Putin, Russia expects to stop supplying oil to countries that comply with a G7 pricing quota set on December 5 as of February 1.


Elsewhere Oil and gas production from North Dakota and Texas has been reduced, interrupting the U.S. supply, as a result of an Arctic blast that brought temperatures well below freezing. Oil refiners were working to restart a dozen plants that had been closed due to the extreme cold on Tuesday.This recuperation might occasionally last into January.


According to an early Reuters poll published on Monday, distillate inventories and U.S. crude oil stocks were both predicted to fall by 1.6 million barrels each. [EIA/S]


The American Petroleum Institute is expected to provide data on American crude inventories on Wednesday at 4.30 p.m. EDT (20.30 GMT). The U.S. Department of Energy's statistical office, the Energy Information Administration, will release its own numbers on Thursday at 10.30 a.m. (1430 GMT).

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