Source: FX Empire
Security & Justice
Southern Lebanon Endures Massive Damage: 40,000 Homes Leveled Across 37 Towns
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Gaps in Coastal Radar Enabled Israeli Raid in Batroun, Army Commander Says
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
Opinion
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
A Future Without Hezbollah
At the end of September, when Israel’s campaign to destroy Hezbollah was reaching its height, I met one of the group’s supporters in a seaside café in western Beirut. He was a middle-aged man with a thin white beard and the spent look of someone who had not slept for days. He was an academic of sorts, not a fighter, but his ties to Hezbollah were deep and long-standing.
Thursday, October 31, 2024
Sports
FC Barcelona Fears First Team Star Will Be Banned From Playing, Reports SPORT
FC Barcelona is concerned that one of its main first-team stars will be banned from playing at the turn of 2025 because of issues related to his registration and Financial Fair Play (FFP) limits according to SPORT, which cited anonymous sources.
Friday, November 1, 2024
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Thursday 15 February 2024 13:27:14
WTI Plunges to Near $75.0 Following a Larger Increase in US Crude Oil Stockpiles
West Texas Intermediate (WTI) Crude oil price declined following a larger-than-anticipated increase in US Crude Oil Stockpiles, which raised concerns about the demand outlook in the United States (US), the world's largest consumer of Crude oil products. As a result, the WTI price extended its losses, reaching around $75.90 per barrel during the European trading session on Thursday.
US Energy Information Administration showed that Crude Oil Stocks Change rose by 12.018 million barrels to 439.5 million barrels for the week ending on February 9. The market was expecting an increase of 2.56 million barrels against the previous change of 5.521 million barrels.
Crude oil prices are under pressure following the International Energy Agency's (IEA) downward revision of the global oil demand growth forecast for 2024 in its latest monthly oil market report released on Thursday. The forecast for 2024 global oil demand growth has been reduced to 1.22 million barrels per day (bpd), down from the previous estimate of 1.24 million bpd.
The slowdown in global oil demand growth could be attributed in part to developments in China. The report highlights a tightening of oil market balances in January, primarily due to supply disruptions in the United States and Canada. Despite ongoing cuts by OPEC+ nations, the IEA expects a slight build in inventories in the first quarter of the year.
Kazakhstan and Iraq have committed to addressing their oil overproduction over the next four months, aligning with their, Organization of the Petroleum Exporting Countries and its allies (OPEC+), agreements for voluntary cuts. Analysts at ANZ noted on Thursday that attention is turning towards the upcoming March meeting of the OPEC+ will deliberate on whether to extend output curbs.
