World & Politics
Reuters: OPEC+ is getting closer to compromise with African producers - 11/27/2023
Reuters claimed referring to three sources within the organization that OPEC+ and African countries are reaching a compromise on oil output targets for 2024. Following differences over the matter that forced the group of oil-producing nations to postpone a crucial alliance meeting, OPEC+ has reportedly moved closer to reaching an agreement with African oil producers about output limits for 2024,...
Bloomberg: Russia cuts oil exports by sea to the lowest since August - 11/24/2023
Ahead of the 26 November OPEC+ ministerial meeting, Russia reduced its oil exports by sea to 2.7 million barrels per day in the period of November 13–19. This is the lowest level since August. Bloomberg claimed, referring to ship traffic data, that maritime shipments fell by 580,000 bpd from the previous week. The average amount of Russian oil exports during the four weeks (up until November 19)...
Bundesbank expects decline in German GDP in Q4 2023 - 11/21/2023
The Bundesbank predicted in a monthly report that the German economy would continue to contract in the fourth quarter, with a recovery possible in early 2024. The central bank analysts wrote, "The German economy continues to navigate choppy economic waters." Germany's Federal Statistics Office preliminary estimates show that the country's GDP decreased by 0.1 percent in the third quarter...
Biden's rating falls to record low amid war in Middle East - 11/20/2023
According to a nationwide poll by the NBC, the approval rating of the US President Joe Biden's policy has dropped to 40%, the lowest it has been since he entered office in 2021. The primary cause is the opposition to Israel's and Hamas's war strategy. NBC reports that 57% of those surveyed are against Biden's conduct. Just 33% of voters support the president's foreign policy strategy. That is...
Iran curbs down accumulation of highly enriched uranium - 11/16/2023
Iran's stockpile of highly enriched uranium has slowed down, according to Bloomberg’s report that quoted IAEA inspectors. "They told diplomats on Wednesday that Iran's stockpile of highly enriched uranium has increased by 5 percent since September, compared with a 7 percent increase in the previous quarter," according to Bloomberg. "IAEA inspectors found that since September, Iran's stockpile...
Former British Prime Minister David Cameron becomes head of British Foreign Office - 11/15/2023
David Cameron, the former Prime Minister of the United Kingdom, has been named foreign secretary. The British government announced in a statement that former Prime Minister David Cameron has been named the nation's new foreign secretary. James Cleverly, a former head of the British Foreign Office, has been appointed Home Secretary. The personnel reshuffle within the British government...
EU Council says ready to lift sanctions against Venezuela - 11/14/2023
According to a statement from the Council, the European Union has decided to prolong the sanctions against Venezuela for six months instead of a year. "In view of the situation in Venezuela, the Council of the EU today decided, as an exception, to extend the restrictive measures against Venezuela for six months instead of a year, i.e. until May 14, 2024," the statement from the Council reads....
Japan's government rating hits record low - 11/13/2023
The Japanese government's support rating fell to a historic low of 29.1%, a 10.5% drop from the previous poll, reports the news service of the Japanese television broadcaster TBS. According to polls so far, this is not only the lowest level for Kishida's two years as Prime Minister, but also for the entire 11 years since the Liberal Democratic Party led by Shinzo Abe regained power after 4 years...
Bloomberg: EU countries urge not to rush to use frozen Russian assets - 11/10/2023
According to Bloomberg, major European Union (EU) countries such as France, Germany, Italy, and Belgium are "cautious" about accelerating efforts to use earnings from Russia's frozen assets overseas. They claim that the European Commission (EC) is set on making a definitive judgment by the end of the year. Several EU countries advised the EC during a secret meeting on Wednesday, November 8, that...
Egypt imports LNG for the first time since July amid limited gas supplies from Israel - 11/09/2023
According to S&P Global Commodity Insights, Egypt purchased liquefied natural gas for the first time in recent months. The cargo was brought to the Suez Canal port at Ain Sokhna by the Greek-flagged ship Maran Gas Kalymnos. In addition to the LNG, the ship also carrier oil. Previously, Egypt had last imported LNG in July. The total volume delivered was 60,000 tons. S&P Global notes that...
