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Texas wants regulated oil market from Trump deal

Texas would agree to oil production curbs if U.S. President Donald Trump reached an agreement with international producers on cutbacks, a state energy regulator said on Friday in remarks that drew push back from fellow commissioners. Ryan Sitton, one of three members of the Texas Railroad Commission, which regulates oil …

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Putin in emergency talks with Russian oilbarons

President Vladimir Putin will meet the heads of Russia’s top oil companies for talks on Friday, the Kremlin said, describing the atmosphere on the global market as “unfavourable”. Kremlin spokesman Dmitry Peskov told reporters on a conference call that the meeting would be held in the same format as one …

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US oil sector preparing for battle

The world is about to run out of oil storage and U.S. shale producers are selling crude for almost nothing but they are still refusing to shut production, hoping to survive the storm, one of the world’s biggest oil traders said. The continuing production shows the challenges that Russia and …

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OPEC wants 10 million bpd production cut

The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day (bpd), an OPEC source said on Friday, adding that any further cuts must include producers from outside the alliance. U.S. President Donald Trump on Thursday said he had brokered a deal that could …

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Israelis break up extremist Jews on corona fight

Israeli police threw up metal barricades and roadblocks on Friday to enforce a lockdown of an ultra-Orthodox Jewish town badly affected by coronavirus. Emergency regulations approved by the cabinet late Thursday declared Bnei Brak, near Tel Aviv, a “restricted zone” due to its high rate of infections. The new designation …

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Calls to release Turkish prisoners during coronacrisis

Turkish academics, journalists and rights groups are demanding that a planned release of tens of thousands of prisoners to stem the spread of the coronavirus should not exclude inmates whose only crime, they say, has been to challenge the authorities. President Tayyip Erdogan’s AK Party proposed a bill on Tuesday …

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Israel blackmailing Gaza over coronavirus

Israel on Wednesday linked any assistance it might offer for the Gaza Strip’s efforts against coronavirus to progress in its attempt to recover two Israeli soldiers lost during the 2014 war in the Palestinian enclave. Blockaded and impoverished, Islamist Hamas-ruled Gaza has reported 12 coronavirus cases and authorities worry that …

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The U.S. needs to know what went wrong

When America has recovered from the coronavirus crisis and people are back to work, Rep. Adam B. Schiff thinks Congress should consider a 9/11-style independent commission to examine why the nation was so unprepared for the pandemic. By David Ignatius Schiff, a California Democrat, told me in an interview Monday that his …

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G20 ready to help Third World in coronacrisis

The Group of 20 major economies said on Tuesday that they would present a coronavirus action plan in two weeks to address the debt vulnerabilities of the poorest countries and deliver financial aid to emerging economies. G20 finance ministers and central bank governors discussed in a videoconference how the International …

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Oil prices on the up thanks to Trump, Putin

Oil prices firmed on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks aimed at stabilising energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide. Brent crude LCOc1 was up by 61 cents, or 2.7%, at $23.37 …

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Think Tanks Activity Summary

The Heritage Foundation sees the US as the winner in the current situation in Syria, with conflict between Turkey, Russia and Syria.  They conclude, “That leaves the U.S. sitting in not-the-worst position of all the players. We still have some small teams in Syria conducting anti-ISIS operations, but no one …

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Saudis bomb Houthi-held Sanaa

The Saudi-led coalition fighting the Houthi group in Yemen carried out several air strikes on Monday on the capital Sanaa, witnesses said. A number of sensitive sites including the presidential palace compound, a military school and an air base close to Sanaa airport were hit, and loud explosions were heard …

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Netanyhu in hiding following cabinet coronavirus

An aide to Israeli Prime Minister Benjamin Netanyahu has tested positive for coronavirus but initial findings indicate she had not posed an infection risk to the 70-year-old leader, officials said on Monday. As a routine precaution, they said Netanyahu was scheduled to undergo a coronavirus test by Tuesday. A previous …

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Coronavirus reaches inner circle of Netanyahu cabinet

An aide to Israeli Prime Minister Benjamin Netanyahu has tested positive for coronavirus, officials said on Monday, but it was not immediately clear if the 70-year-old leader had been exposed or his work affected. “We will take action in accordance with Health Ministry directives,” an official said, announcing the diagnosis …

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Pope wants world peace in coronavirus fight

Pope Francis on Sunday backed a call by United Nations Secretary-General Antonio Guterres for a global ceasefire so the world can focus on fighting the coronavirus pandemic. Speaking at his weekly blessing, delivered from the official papal library instead of St. Peter’s Square because of the lockdown in Italy, Francis …

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Nabih Berri wants expats back during corona crisis

Lebanese Parliament Speaker Nabih Berri threatened on Saturday to suspend his support for Prime Minister Hassan Diab’s government if it did not act to bring home expatriates stranded abroad during the coronavirus pandemic. Berri is one of Lebanon’s most powerful figures and named the finance minister and others in a …

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Saudis claim to intercept Yemeni missiles

Ballistic missiles were intercepted on Saturday in the sky above Saudi Arabia’s capital Riyadh and the southern city of Jazan, state media reported, citing its own sources and the Saudi-led coalition fighting in Yemen. Residents in Riyadh reported multiple blasts around 2320 (2020 GMT), followed by emergency vehicle sirens in …

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Turkey accuses Iranian conslate of fomenting unrest

Two intelligence officers at Iran’s consulate in Turkey instigated the killing last November of an Iranian dissident in Istanbul who criticized the Islamic Republic’s political and military leaders, two senior Turkish officials told Reuters. The accusation is likely to strain ties between Turkey and Iran, two regional powers which had …

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Saudis rebuff Russian OPEC proposals

A Saudi Arabian energy ministry official said on Friday there had been no contact between the Saudi and Russian energy ministers over any increase in the number of OPEC+ countries, nor any discussion of a joint agreement to balance oil markets. The comments come after a senior Russian official said …

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Armed rule only answer to Israel coronavirus

Israel will deploy its army to assist police on street patrols to enforce a lockdown against the coronavirus epidemic, the military said on Friday. About 500 troops will join police squadrons from Sunday to help “in patrolling, isolating and securing certain areas, blocking routes and additional similar assignments”, the military …

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Russia wants new, emergency OPEC deal

A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said, adding that countries should also cooperate to cushion the economic fallout from coronavirus. A pact between the Organization of the Petroleum Exporting Countries and other …

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Outrage in Israel as Gantz compromises with Netanyahu

Israel appeared headed for a unity government on Friday after opposition leader Benny Gantz moved towards an agreement with Prime Minister Benjmain Netanyahu, disappointing voters who had hoped to bring down the right-wing premier. Gantz was elected parliamentary speaker on Thursday with support from Netanyahu’s Likud and allied parties, leaving …

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Yemen accepts UN truce

Yemen’s warring parties welcomed a U.N. call for an immediate truce on Thursday as the country entered its sixth year of a conflict that has unleashed a humanitarian crisis, rendering it more vulnerable to any coronavirus outbreak. A Saudi-led military coalition said late on Wednesday that it backed the Yemeni …

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G20 leaders dedicated to coronavirus

The Group of 20 major economies will do “whatever it takes” to overcome the coronavirus crisis and said on Thursday they are injecting $5 trillion into the global economy though national measures as part of their efforts to lessen its impact. After an extraordinary summit by video-link, the G20 leaders …

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Iran slaps ban on intercity travel over coronavirus

Iran has started an intercity travel ban, an Iranian official said in a televised news conference on Thursday, a day after Iran’s government spokesman warned the country might face a second outbreak of the coronavirus pandemic. Officials have complained that many Iranians ignored appeals to stay at home and cancel …

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