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Laopu Gold (06181.HK) surged more than 4% in the afternoon.March 11th, Futures News: Economies.com analysts latest view: WTI crude oil futures have retreated, with overall price action remaining volatile as the market attempts to find a clear direction. However, prices continue to benefit from dynamic support from trading above the EMA50, injecting new positive momentum and helping to maintain the main upward trend. Furthermore, prices are further supported by a positive signal from the Relative Strength Index (RSI) after hitting severely oversold levels, increasing the likelihood of renewed upward momentum in the short term.March 11th, Futures News: Economies.com analysts latest view: Brent crude oil futures have resumed their downward trend. In the upcoming trading session, prices are attempting to find higher lows, which could help them gain the necessary upward momentum for a rebound. The chances of a short-term price rebound are enhanced by the dynamic support formed by prices consistently trading above the 50-day EMA. Meanwhile, the main bullish trend remains dominant in the short term, and positive signals have emerged after the Relative Strength Index (RSI) reached oversold levels.According to Irans Defapress news, Iranian Armed Forces spokesman Shekarchi called on regional countries and Muslim compatriots to point out "where the US and Israel are hiding" in order to avoid collateral damage and ensure the accuracy and maximum effectiveness of Iranian strikes.Qatar’s largest liquefied natural gas (LNG) export plant has not exported any cargo for five consecutive days, the longest such period since records began in 2008, which could further push up LNG prices.

Tunisia, Others Try to Reduce Damage After Fuel Ship Sinks

Haiden Holmes

Apr 18, 2022 09:49

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The ship was on its way from Equatorial Guinea to Malta when it sank on Friday seven miles off the coast of Gabes in southern Gabon. Following a distress call, the Tunisian navy rescued all seven crew members.


Officials stated it was carrying between 750 and 1,000 tonnes of gasoline.


The defense ministry did not specify which nations had offered assistance, but local media said that Italy was set to deploy a navy vessel specialized in dealing with maritime catastrophes.


A specialized marine diving crew has begun searching the area surrounding the ship for signs of oil leaking.


"The situation is comforting and under control, and no leaking of gas oil has been detected from the sinking ship's tank," transport minister Rabie Majidi said.


He described the next step as "delicate and sensitive," since the ship must be removed from the sea without leaking.


Tunisian officials launched an inquiry into the sinking on Saturday, which the environment ministry blamed on severe weather.


"Tunisia will calculate the damages later and will seek compensation," environment minister Laila Chikaoui said.


The government said that obstacles will be erected to prevent the fuel's spread.


For years, the Gabes shoreline has been severely polluted, with environmental organizations alleging that industrial companies in the vicinity have dumped garbage straight into the sea.