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1. October 24th – Federal employees, whether furloughed or working, will miss their first full paycheck, forcing lawmakers to act. They have already missed partial paychecks, placing significant financial strain on over 2 million employees and their families. 2. October 31st – The Trump administration this week deployed $8 billion in unused research and development funds from fiscal year 2025 to ensure 1.3 million active-duty military personnel receive their October 15th paycheck. However, whether this can be done again before Halloween (November 1st) remains uncertain. 3. October 31st and November 5th – Senate clerks will miss their first full paycheck on October 20th (paid on the 5th and 20th of each month). House clerks will miss their paychecks at the end of October (paid at the end of each month) and, if they do, will not receive their paychecks until after Thanksgiving, creating significant financial hardship. 4. November 1st – Open enrollment for the Affordable Care Act. Healthcare is a primary concern for the shutdown, with Democrats aiming to pressure Republicans to reach an agreement on strengthening subsidies for Obamacare before open enrollment begins. 5. November 21 – If the shutdown continues into late November, it could lead to TSA staffing shortages and air traffic control issues for Americans during the busy Thanksgiving travel week. Air traffic control chaos in early 2019 was a key factor in forcing the government to end the longest shutdown in history.On October 19th, local time, Pakistani Deputy Prime Minister and Foreign Minister Dar welcomed the ceasefire agreement reached between Pakistan and Afghanistan in Doha, Qatar, on the evening of the 18th on social media, calling it "the first step in the right direction." Dar also expressed hope that at the next round of meetings hosted by Turkey, a concrete and verifiable monitoring mechanism would be established to address the threat of attacks from Afghanistan into Pakistan. On the same day, Afghan government spokesman Zabiullah Mujahid issued a statement announcing that negotiations between Afghan and Pakistani representatives in Qatar had concluded with the signing of a bilateral agreement. Neither side will take any hostile actions against the other, nor will they support groups that attack the Pakistani government. Both sides will refrain from targeting each others security forces, civilians, or critical infrastructure. A mechanism will be established to review bilateral positions and ensure the effective implementation of the agreement, mediated by an intermediary.The General Staff of the Ukrainian Armed Forces: In the past day, the Russian army lost about 1,000 soldiers, as well as 3 armored personnel carriers, 45 artillery systems and other equipment.On October 19th, Russian law enforcement revealed that Ukrainian armed forces were using a satellite system from the British company OneWeb to control unmanned boats in the Black Sea, and that a similar unmanned boat had been captured as a trophy. Sources said Ukraine was using the system as a backup communication channel for the Starlink system. "OneWeb terminals have been integrated into the maritime drone control system. Now, OneWeb is used as a backup communication channel alongside the primary system, the US Starlink," the source said. He explained that unlike Starlink, which uses thousands of low-orbit satellites, OneWeb deploys its network in medium-Earth orbit. This allows for wider coverage per satellite, but requires more complex and expensive user terminals.On October 19, a source in the Russian security department revealed that the number of mercenaries holding American passports killed by the Russian armed forces in special military operations in Ukraine has reached nearly 100. The source said: "Since the end of February 2022, about 100 American citizens fighting alongside Ukrainian militants have been killed in Ukraine." The source pointed out that obituaries of many people have been published on social networks and Ukrainian media.

U.S. oil prices remain stable at a one-week high, and reports say the U.S. is not considering releasing strategic oil reserves for the time being

Oct 26, 2021 11:03

During the New York session on Wednesday (October 13), crude oil prices basically remained stable at a one-week high. As the United States abandoned its consideration of releasing crude oil reserves, oil prices continued to maintain a strong upward momentum. Among them, the price of crude oil in the United States fell by US$0.52, a decrease of 0.66%, and the price of Brent crude fell by US$0.58, a decrease of 0.70%.


U.S. crude oil price daily chart

Foreign media reporter Javier Blas reported on social media that the U.S. Department of Energy is retracting its previous comments that it is considering releasing its strategic oil reserves and banning crude oil exports. This news brings potential support to oil prices. According to Javier Blas, the US Department of Energy "at this time" does not consider using the US Strategic Petroleum Reserve SPR.

Earlier, the well-known investment bank Goldman Sachs believed that the US Department of Energy might consider releasing SPR. Since then, the reporter released the news to refute the rumors. If the U.S. Department of Energy really considers doing this, it will cause Goldman Sachs to lower its Brent crude oil forecast of $90 at the end of the year by another $3.

The White House press conference also adopted a similar tone that does not consider SPR.

Press Secretary Jen Psaki said at a daily briefing on Wednesday that the Biden administration will not make any predictions about issuing SPR to ease high oil prices. Psaki turned to focus on the climate crisis and commented that things were so urgent that they couldn't wait any longer.

Jen Psaki said, I will not make any predictions from here. The government took steps after Hurricane Ida, including authorizing SPR to communicate with oil and refinery companies. We have also taken measures-including contact with OPEC member states, but I will not make any other predictions now. We have been monitoring. We will take other measures as needed.

Jen Psaki said, of course, we all want to keep gasoline prices low, but the threat of the crisis—the climate crisis—of course can’t wait any longer. Commenting on whether other governments would feel "weak" towards green energy, she said that in the face of soaring energy prices, world leaders are preparing for the United Nations climate change COP26 summit in the United Kingdom in November.

In recent months, the White House has been in contact with OPEC on oil prices. National Security Adviser Jack Sullivan stated in early August that at a critical moment of global recovery, the increase in production brought about by OPEC+ loosening production cuts is “not enough” at all.

At the end of September, Psaki said, I assure you that we are not only cooperating with OPEC, we are also looking for all means to reduce natural gas prices.

The OPEC+ group ignored any calls from consumer countries and continued to implement its plan earlier this week to reduce the output cut to the market's minimum of 400,000 barrels per day.

At the same time, due to rising crude oil prices and increasing demand, the average gasoline price in the United States rose to its highest level since October 2014. According to AAA data, as of October 7, the average gasoline price in the United States was $3.244 per gallon.

GMT+8 19:40 U.S. crude oil price reported $79.90/barrel

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