EUR/USD 1.16310
0.116%
Gold 4104.17
-0.529%
Oil 61.316
-0.437%
USD/JPY 152.823
0.153%
GBP/USD 1.33113
-0.101%
GBP/JPY 203.431
0.060%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 25th, local time, Sudans Rapid Support Forces (RSF) announced their control of Bara, a major city in North Kordofan State, central Sudan. The statement stated that the RSF launched a full-scale offensive against the Sudanese Armed Forces (SAF)-held city, inflicting thousands of casualties and injuring hundreds, ultimately securing full control of the city. The statement also stated that retaking Bara is a significant step toward full control of the Kordofan region. The SAF has yet to respond to the statement.Pakistans Defense Minister: We see Afghanistans desire for peace, but failure to reach an agreement will mean open war.On October 25th, local time, the second round of ceasefire talks between Pakistan and Afghanistan began in Istanbul, Turkey. The talks were hosted by Turkey and held at an Istanbul hotel. The Pakistani delegation included the militarys director of operations and security and intelligence officials. The Afghan delegation was led by Deputy Interior Minister Rahmatullah Najeeb.On October 25th, Belgorod Oblast Governor Ilya Gladkov announced that Ukrainian armed forces had damaged the Belgorod Reservoir Dam. He stated that Ukrainian forces might attempt to attack and destroy the dam again. If this were to happen, several streets in riverbanks and settlements near Kharkiv Oblast would be flooded, impacting the lives of approximately 1,000 residents. Gladkov stated that local authorities have advised residents at risk of flooding to move to temporary relocation sites. The Ukrainian side has not yet responded to this request.On October 25th, Bank of France Governor François Villeroy de Villeroy warned lawmakers debating the 2026 budget that the deficit must not exceed 4.8% of economic output to ensure France can cope with its growing debt burden. The French National Assembly is currently debating a draft budget that targets 4.7% GDP growth, but Prime Minister Jean-Claude Le Cornu has said the ultimate target should be within 5%, and he is seeking a compromise with opposition lawmakers. "It is absolutely necessary to keep the deficit below 3% between now and 2029, which would imply a maximum deficit of 4.8% next year," Villeroy de Villeroy said in an interview with La Croix. He also stated that France faces the risk of "progressive suffocation" from debt and that additional deficit spending will fail to stimulate economic growth. According to calculations by the Bank of France, if debt uncertainty is reduced, a 1% reduction in the household savings rate would boost economic growth by 0.4%. However, Villeroy de Villeroy stated that the French economy has strong momentum this year and growth will be "at least" as strong as the Banks forecast of 0.7%.

The Restart of The Keystone Pipeline And Russian Production Raise Oil Prices

Skylar Williams

Dec 12, 2022 10:22

63.png


Oil prices rose by more than 1 percent in early Asian trade on Monday, as a key Canada-United States crude pipeline remained offline and Russian President Vladimir Putin threatened to cut production in response to a Western price cap on Russian oil exports.


Brent oil futures climbed 83 cents, or 1.1%, to $76.93 per barrel at 00:20 GMT. The price of a barrel of West Texas Intermediate crude rose by 90 cents, or 1.3%, to $71.92.


TC Energy (NYSE:TRP) reported on Sunday that it has not yet identified the cause of the Keystone oil pipeline leak that occurred in the United States last week, nor has it offered a timeline for the pipeline's resumption of operations.


The 622,000-barrel-per-day Keystone pipeline is crucial for delivering heavy Canadian petroleum from Alberta to refiners in the U.S. Midwest and Gulf Coast, and for export.


Putin declared on Friday that Russia, the largest energy exporter in the world, may restrict oil production and refuse to sell oil to any country that places a "stupid" price cap on Russian oil, as agreed upon by the G7 nations.


In a research, ANZ analysts claimed that the uncertainty surrounding European Union sanctions on Russian oil and the related price cap has kept price volatility high, but the restrictions have thus far had minimal influence on global markets.


Brent and WTI recorded their greatest weekly falls in months and touched lows not seen since December 2021 owing to concerns about the impact of a global recession on oil demand.

Suggestion