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Sources say Israel launched an attack on the outskirts of Damascus, the Syrian capital.According to Tasnim News Agency: Multiple explosions have occurred in the Syrian capital.On August 28th, in response to US President Trumps executive order signed on the afternoon of August 27th, renaming Lake Ontario on the US-Canada border as "Lake of the United States," Canadian Prime Minister Carney posted on social media, stating, "The name Lake Ontario has been around for over 400 years, predating the formation of the Canadian Confederation and the publication of the US Declaration of Independence. We know that the United States is changing. Their trade relations, foreign policy, national monuments, and even the names of their various bodies of water (hydrological names). And Canadians know, respecting reality, that its name is Lake Ontario—it was, it is, and it always will be."August 28th - According to foreign media reports, court documents and related footage suggest that media mogul Rupert Murdochs long-held desire to reunite Fox and News Corp. may become a reality through a potential merger. Discussions about a possible renewed merger have surfaced in recent weeks as court documents related to a family succession dispute that began in 2023 were unsealed and testimony from a lawyer was disclosed. It is understood that in 2022, Rupert Murdoch, then chairman of both Fox and News Corp., began expressing interest in reuniting the two companies less than a decade after splitting them. Murdoch drafted a letter to the boards of both companies stating that the family trust would not "support any other sale, merger, or similar transaction involving companies other than these two." When representatives of Murdochs daughter, Elizabeth, questioned the restructuring, Murdoch immediately threatened via text message: "I will force it if necessary." The merger failed due to investor opposition, but court proceedings in June suggest Murdoch may try again. At a hearing on whether court testimony should be made public, Lachlan Murdochs lawyers argued that any discussions related to the merger should be kept confidential or deleted because "this could still happen in the future and open a new chapter."The Dow Jones Industrial Average rose 104.67 points, or 0.20%, to close at 53,568.55 on Thursday, August 27; the S&P 500 rose 55.10 points, or 0.72%, to close at 7,730.80; and the Nasdaq Composite rose 411.16 points, or 1.57%, to close at 26,541.35.

Putin stated that he will hit the price of natural gas! The United States is considering using oil reserves, and oil prices are temporarily holding back

Oct 26, 2021 10:59

On Wednesday (October 6), natural gas prices in Europe ushered in a sharp drop after two days of skyrocketing. In the previous two days, they had risen by 60%, while oil prices fell back by more than 2%. Russian President Vladimir Putin stated that Russia will increase its supply of natural gas to Europe to alleviate the impact of the global energy contraction suffered by Europe. At the same time, the US government is considering using emergency oil reserves to ease the trend of soaring gasoline prices. There is also news that Russia and the United States are discussing reopening the Iran nuclear agreement.


Russian President Vladimir Putin said on Wednesday that the sales of natural gas to Europe may hit a record high, and the flow of natural gas transported to Europe through Ukraine may exceed the contract between the Russian state-owned natural gas company Gazprom and Kiev, Ukraine. Critics have accused Russia of blocking supplies.

This argument caused European natural gas prices to collapse. Natural gas futures prices fell by more than 10% since the highest price since 2008, which was the day before, and crude oil also fell.

Matthew Weller, head of global research for FOREX.com and City Index, said Wednesday that Wednesday brought some good news for energy-stressed European countries, as Russia increased its natural gas exports to Europe. These news broke the well-known natural gas price increase at least temporarily.

Data from FactSet shows that British natural gas futures prices have soared by more than 400% so far this year.

On the same day, U.S. Secretary of Energy Granholm said that the U.S. government is considering using emergency oil reserves to ease the trend of soaring gasoline prices. With the cooling of the new crown epidemic and increasing demand, US gasoline prices have hit a seven-year high.

Granholm said at the Energy Transition Summit organized by the Financial Times when he talked about the prospect of the US government using the Strategic Petroleum Reserve (SPR) to ease the rise in oil and motor fuel prices, "This is a tool under consideration."

According to data from the US Department of Energy, SPR stored in coastal caves in Texas and Louisiana currently contains approximately 617.8 million barrels of crude oil, the lowest level in approximately 18 years.

Granholm also did not rule out the possibility of resuming the crude oil export ban, which was lifted when Obama assumed the presidency in 2015. She said, "This is a tool we haven't used before, but it's also a tool."

The EIA crude oil and gasoline inventory data released on Wednesday both recorded an increase, sparking concerns about weak demand and a negative effect on oil prices. EIA crude oil inventories increased by 2.345 million barrels, and gasoline inventories increased by 3.256 million barrels. Refined oil inventories fell only slightly by 396,000 barrels.

U.S. oil production increased to 11.3 million barrels per day, recovering from the shutdown caused by the storm more than a month ago, and production rebounded to near the peak during the epidemic, but still far below the 13 million barrels per day set in 2019 Record.

According to another report, the Russian Ministry of Foreign Affairs said on Wednesday that Russian Foreign Minister Lavrov had discussed the restoration of the Iranian nuclear agreement with US Secretary of State Brinken. Restarting the previously shelved Iran nuclear agreement may affect the confidence of the oil market bulls.

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