OPEC++ meets with OPEC unlikely this month
... cool off oil prices, which soared as a result of sanctions on Russia for the invasion of Ukraine. However, prices kept rising due to tight supply and worries that OPEC is coming close to running out of spare capacity to raise output. French president Emmanuel Macron told US President Joe Biden this week that he was told that Saudi Arabia and the United Arab Emirates can barely increase oil production. Oil prices went up for a fourth day on Wednesday, with Brent close to US $120 per barrel on spare capacity ...
Updated: 06/29/2022
Turkey lifts veto over Finland, Turkey lift veto
... Jens Stoltenberg said. Ukraine's President Volodymyr Zelensky asked the UN Security Council to designate Russia as a terrorist state. President Zelensky called on the United States to recognize Russia as a sponsor of terrorism. President of France Emmanuel Macron said there was no need for the term state sponsor of terrorism in relation to Russia to impose sanctions on it. Stene Dujarric, Spokesperson for the United Nations Secretary General Antonio Guterres, said such decisions are not within the competence ...
Updated: 06/29/2022
G7 leaders pledge to continue supporting Ukraine
... Russia has warned the EU, the US and their allies not to provide Ukraine with weapons, saying that it will only prolong the conflict. Western leaders have ignored the statements. On Sunday, the UK Prime Minister Boris Johnson and French President Emmanuel Macron agreed to continue supporting Kiev militarily to strengthen their hand in both the war and any future negotiations. The G 7 leaders seem to have agreed to maintain economic pressure on Russia as it continues its offensive in Ukraine. The British ...
Updated: 06/29/2022
Oil prices fall on tight global supply worries
... capacity of its quota of 3.168 million barrels per day bpd and that Saudi Arabia could increase its output by just 150,000 barrels per day, which is below its nameplate spare capacity of around 2 million barrels per day, according to French President Emmanuel Macron . The number of active rigs in the group posted a rebound and new completed wells declined, as prices and demand recovered from the worst of the COVID pandemic. Political unrest in Libya and Ecuador could cause tighter supply, according to analysts....
Updated: 06/29/2022
Oil prices rise on tight global supply
... Arabia and the UAE have been seen as the only two members of the Organization of the Petroleum Exporting Countries OPEC with spare capacity to make up for lost Russian supply and weak output from other member nations. According to French President Emmanuel Macron , the UAE's energy minister Suhail al-Mazrouei said the emirate was producing near the maximum capacity of its quota of 3.168 million barrels per day bpd, and that Saudi Arabia could increase output by only 150,000 barrels per day, which is less ...
Updated: 06/29/2022
Two arrested for beheading Hindu tailor
... her remarks caused a diplomatic storm and embroiled India in a diplomatic storm, with the governments of nearly 20 countries calling in Indian envoys for an explanation. In 2020, the row followed anger across the Muslim world after French President Emmanuel Macron defended the right of a satirical magazine to publish caricatures of the prophet. Images of the prophet are strictly forbidden in Sunni Islam. In October 2020, a Chechen refugee beheaded the French teacher Samuel Paty after showing his class in ...
Updated: 06/29/2022
Ukraine President Zelenskyy calls Russia a terrorist state
... through the rubble of the shopping mall where authorities said 36 people were still missing. Officials also reported a strike in the Dnipropetrovsk region, far from any frontline. The mall attack attracted a wave of global condemnation, with France's Emmanuel Macron calling it a war crime. Ukraine said Moscow had deliberately killed civilians in Kremenchuk. Russia said it had struck a nearby arms depot and falsely claimed that the mall was empty. Russia's goal is for as many Ukrainians as possible to stop ...
Updated: 06/29/2022
Australia mulls return of diplomats to Ukraine
... which hinders our capacity to enter into relationships with our European friends. Australia's Prime Minister said that Mr S nchez acknowledged the change in Australia's climate policy, just days before Mr Albanese is expected to meet French President Emmanuel Macron . That was having an impact on our relations with our friends in Europe, according to Albanese. France was furious when Australia canceled a $90 billion dollar submarine contract with a French company and some EU politicians expressed concerns....
Updated: 06/28/2022
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