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Pakistani officials say more than 330 Taliban militants have been killed in Afghanistan.February 28th - According to Ukraines Interfax news agency on the 27th, Ukrainian President Volodymyr Zelenskyy, in an interview with Sky News, stated that the Russia-Ukraine conflict could become "protracted" if Russia does not agree to a trilateral summit between the leaders of Ukraine, the United States, and Russia in the near future. Zelenskyy said he had spoken with US President Trump, emphasizing the need for a trilateral summit between Ukraine, the US, and Russian President Putin. He added that if Putin does not support this, the conflict could become "protracted." With the US midterm elections approaching, the situation could become even more complex, as the US will then focus on domestic issues. If Putin is willing to hold a trilateral summit, it could potentially take place within six months, attempting to end the conflict.In a speech in South Carolina, former US President Joe Biden declared that he had handed over "the strongest southern border" and "the worlds strongest economy" to incumbent President Donald Trump. "This is not an exaggeration."February 28 – On February 27 local time, Ambassador Fu Cong, Chinas Permanent Representative to the United Nations, stated at the interactive dialogue on the implementation of the UN Future Compact that, against the backdrop of increasing international instability, implementing the Future Compact is of even greater significance for promoting multilateralism, upholding the authority of the United Nations, and improving global governance. China supports the Secretariat in working with member states to translate the vision of the Future Compact into concrete practice, injecting stronger momentum into the cause of world peace and development.The U.S. Deputy Secretary of State expressed support for Pakistans position in the Afghan conflict.

The Oil Market Shrugs Off A Spike in U.S. Inventories And Edges Up

Charlie Brooks

Feb 16, 2023 10:43

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Oil prices rose in early Asian trade on Thursday as the market brushed off a massive increase in U.S. oil inventories and the International Energy Agency upgraded its demand forecast.


By 01:31 GMT, Brent crude prices increased by 26 cents to $85.64 per barrel, whereas U.S. West Texas Intermediate (WTI) crude futures advanced by 34 cents to $78.


The Energy Information Administration (EIA) said that U.S. crude oil inventories increased by 16.3 million barrels last week to reach 471.4 million barrels, the largest level since June 2021. The larger-than-anticipated increase was mostly attributable to a data adjustment, which analysts said mitigated the impact on oil prices. [EIA/S]


The International Energy Agency (IEA) estimated that oil demand will climb by 2 million barrels per day (bpd) in 2023, an increase of 100,000 bpd from last month's estimate, reaching a record 101.9 million bpd, with China accounting for 900,000 bpd of the increase.


Upon easing COVID-19 restrictions, China will account for over half of 2023 oil demand increase, according to the IEA.


The U.S. currency, which normally moves inversely with crude prices, also helped oil.


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