Israel








Energy Markets

Oil & Gas

Oil & Gas

Egypt's Sisi heads for Turkey in first presidential see in 12 years

Egyptian President Abdel Fattah alSisi will hold talks with President Tayyip Erdogan in Turkey on Wednesday in the first presidential level visit in 12 years amid a warming of longfrozen relations in between the local powers. The visit comes after Erdogan took a trip to Cairo in February, his first trip to Egypt considering that 2012, taking a significant step towards rebuilding ties that were badly strained for a. years. Turkey-Egypt relations will be evaluated in all their. aspects and possible joint steps in the coming duration to further. develop cooperation will be discussed, the Turkish presidency's. communications workplace stated...

Refined Products

Oil rates set to end week higher on United States demand optimism

Oil costs were set for a second straight week of gains despite edging lower on Friday, as recent U.S. financial data enhanced optimism over need on the planet's top oil customer. Brent crude futures looked set for a 1.3% weekly rise, while U.S. West Texas Intermediate unrefined futures had increased about 1.2%. On Friday, Brent fell 30 cents, or 0.4%, to $80.74 per barrel by 0528 GMT, while the WTI fell 40 cents, or 0.5%, to $77.76. U.S. retail sales information on Thursday beat analysts' expectations, while separate information showed fewer Americans had filed new applications for unemployment benefits recently,...

Oil & Gas

Lebanon would have a hard time to cover 'fraction' of help needs in war with Israel, minister says

Lebanon would struggle to satisfy even a portion of its help needs if fullscale war with Israel emerges, a senior official said, as it seeks increased donor support in the middle of relentless border clashes. Nasser Yassin, the minister managing contingency preparation for a broader conflict, told Reuters Lebanon would require $100. million month-to-month for food, shelter, healthcare and other needs in. a worst-case scenario. A little fraction, even 10 to 15 percent of that, would be. substantial for the government. We will need donors to step up, Yassin. stated. International help is already falling short. Lebanon has. gotten only...

Refined Products

Oil set for 3% weekly gain on increasing Mideast tension, better United States outlook

Oil prices edged up in Asian trade on Friday, heading for a weekly gain of more than 3%, as U.S. tasks information calmed demand issues and fears of an expanding Middle East dispute continued. Brent unrefined futures increased 9 cents, or 0.11%, to $ 79.25 a barrel by 0406 GMT. U.S. West Texas Intermediate crude futures were up 12 cents at $76.31 per barrel. Both Brent and WTI were set to gain more than 3% on a weekly basis. Israeli forces stepped up airstrikes across the Gaza Strip on Thursday, killing at least 40 people, Palestinian medics said, in more...

Natural Gas

Egypt looks for credit in summer season LNG tender, sources state

Egypt is looking for big volumes of gas from global markets this summertime with delayed payments of approximately six months, terms that market sources said would narrow the list of bidders and increase premiums at a time of high completing need from Asia. The most populated Arab nation had been setting itself up as a reputable LNG exporter to Europe in the last few years, but diminishing natural gas products have forced Cairo to return to being a web importer of gas. In a tender that closes on June 26, Egypt's Natural Gas Holding Business (EGAS) is looking for delivery...

Mineral Resources

Colombia restriction on coal exports to Israel would hit foreign investment, mining group states

A possible restriction by Colombia's. government on coal exports to Israel would violate international. arrangements and put market self-confidence and foreign investment at. danger, the nation's private mining association said late. Thursday. Bloomberg reported on Thursday that the commerce ministry. could disallow coal shipments to Israel, after leftist President. Gustavo Petro cut diplomatic ties with the Middle Eastern. country in May in protest of its actions in Gaza. A source at the commerce ministry told there. presently exists no order, resolution or decree which would. restrict or restrict coal exports to Israel. Petro has strongly criticized Israeli Prime Minister. Benjamin...

Natural Gas Utilities

Egypt to issue tender for a minimum of 15 LNG cargoes to cover summer season demand - sources say

Egypt prepares to provide a buy tender seeking 1520 cargoes of melted natural gas (LNG) to cover heavy summer season need that had actually led to a wave of rolling blackouts and required short-term shutdowns of chemical and fertilizers plants, 4 industry sources informed . The most populous Arab country has actually returned to being an internet importer of natural gas, reversing its position as an exporter in recent years as part of a strategy to end up being a reputable supplier to Europe. Natural gas products that assist Egypt generate electrical power have been decreasing at a time when...

Oil & Gas Transportation

Israel aims to boost Red Sea oil deliveries despite ecological dangers

Israel plans to permit more oil tankers to dock at a Red Sea port in Eilat despite environmental threats, as it makes every effort to preserve energy security amidst dispute on numerous fronts, according to Israeli authorities and government documents. Prime Minister Benjamin Netanyahu's workplace wishes to withdraw limitations on the quantity of oil that can be unloaded at a. jetty in the city, which sits in the middle of a string of. resorts and beaches and is surrounding to a fragile reef. The curbs enforced in 2021 by the Environmental Protection. Ministry and which efficiently halted an oil supply...

Oil & Gas

Berkshire Hathaway Says It Paid $2.6 Bln In The Q1 2024 To Repurchase Common Stock

Berkshire Hathaway Inc: * BERKSHIRE HATHAWAY - PAID $2.6 BILLION IN THE FIRST QUARTER OF 2024 TO REPURCHASE COMMON STOCK * BERKSHIRE HATHAWAY - APPROXIMATE 75% OF AGGREGATE FAIR WORTH WAS CONCENTRATED IN AMERICAN EXPRESS, APPLE, BANK OF AMERICA, CHEVRON AND COCA -SODA POP AS OF MAR 31 * BERKSHIRE HATHAWAY - BERKSHIRE STATES IT OWNED $135.4. BILLION OF. APPLE SHARES AS OF MAR 31 * BERKSHIRE HATHAWAY - BERKSHIRE SAYS IT OWNED $39.2 BILLION. OF. BANK OF AMERICA SHARES AS OF MAR 31 * BERKSHIRE HATHAWAY - BERKSHIRE STATES IT OWNED $19.4 BILLION. OF. CHEVRON SHARES AS OF MAR...

Oil & Gas

Houthis attack four ships in Indian Ocean, Red Sea

Yemen's Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing project versus international shipping in solidarity with Palestinians versus Israel's military actions in Gaza. MSC Orion was cruising in between the ports in Sines, Portugal and Salalah, Oman, according to LSEG data. discovered clashing details about the signed up owner of the MSC Orion. According to LSEG and other information suppliers, the ship is owned by Zodiac Maritime, which is partly owned by Israeli businessman Eyal Ofer. A spokesman for the public relations firm representing...

Natural Gas Liquids

EastMed gas pipeline task's timeline doubts, stakeholders state

The timeline for a. proposed pipeline linking East Mediterranean gas reserves to. Greece by means of Cyprus and Crete remains unpredictable as stakeholders. are evaluating its economic feasibility, delegates from Cyprus. and the East Mediterranean Gas Forum (EMGF) informed on. Friday. There is no concrete timeline right now, George. Papanastasiou, energy minister of Cyprus, told when. asked about a Last Financial Investment Decision (FID) on the so-called. EastMed task. Greece, Cyprus and Israel inked a handle 2020 to construct a. 2,000-kilometer (1,240-mile) subsea pipeline to move gas. from the eastern Mediterranean to Europe. FID on the job, which is approximated...

Oil & Gas Exploration

Ithaca Energy gets Eni's UK assets in $940 million North Sea offer

Ithaca Energy has actually accepted purchase nearly all Eni's UK oil and gas producing properties for about 754 million pounds ($ 938.3 million) in stock, as it aims to turn into one of the biggest independent energy companies in the North Sea. The combined entity would have the ability to produce more than 100,000 barrels of oil equivalent daily up until at least 2028, and aims to pay dividends of up to $500 million each in 2024 and 2025, Ithaca said on Tuesday. The North Sea is an energy-rich area in the Atlantic Ocean that has actually long been coveted...

Fossil Fuels

Oil & Gas Refining

Dependence Retail ties up with Israeli innerwear maker Delta Galil for India growth

Dependence Retail said on Tuesday it was partnering with Israeli innerwear maker Delta Galil, marking the latest push by billionaire Mukesh Ambani's retail company into India's fastgrowing apparel market. The 50-50 joint endeavor will assist deepen Delta Galil's reach in India through retail, wholesale and digital channels, and likewise manufacture products for Reliance's own established brands, the business stated in an exchange filing. Dependence Retail and Delta Galil, which also has licensing collaborations with brand names including Calvin Klein, Tommy Hilfiger and Adidas, did not reveal any monetary details. Reliance recently said it plans to double the retail service, already...

Fossil Fuels

Oil rebounds as geopolitics, need issues whipsaw financiers

Oil rebounded on Wednesday after a. sharp drop in the previous session ended a threeday streak of. gains as financiers have whipsawed in between concerns about. possible supply losses from Libya and the Middle East and. stress over worldwide fuel need. Brent unrefined futures were up 25 cents, or 0.31%, at. $ 79.80 a barrel at 0209 GMT. U.S. West Texas Intermediate crude. futures rose 17 cents, or 0.23%, to trade at $75.70. Rates are recuperating from Tuesday's more than 2%. decline, which snapped a three-day streak of gains of more than. 7%, as concerns about low refinery profit margins...

Refined Products

Oil rates set for weekly gains on restored interest around United States economy

Oil costs edged lower in early Asian trading on Friday, but the marketplace's criteria were set for a. 2nd consecutive weekly gain after upbeat U.S. economic data. alleviated financier worries about a prospective economic downturn in the top. oil consuming country. Brent unrefined futures fell 16 cents, or 0.2%, to. $ 80.88 per barrel by 0024 GMT. U.S. West Texas Intermediate. unrefined futures fell 23 cents, or 0.3%, to $77.93 a barrel. Brent was set to advance 1.6% on a weekly basis, while WTI. was on track for gains of about 1.5%. Investors discovered restored optimism around U.S. economic growth....

Crude Oil

Environment

Climate Change

Greta Thunberg detained by Danish police at pro-Palestinian protest

Danish authorities apprehended activist Greta Thunberg at a Copenhagen demonstration versus the war in Gaza and Israel's occupation of the West Bank on Wednesday, a. representative for the organisers of the presentation said. Thunberg was later released from detention, according to. Danish media reports, and the day-to-day Ekstra Bladet showed video. footage of her going out of a police station. 6 people had been detained at the Copenhagen. University after about 20 individuals blocked the entryway to a. building and three entered, a cops representative stated without. talking about specific detainees. Commonly understood for her campaign to end man-made environment....

Environment

Olympics-Surfing-Competition in Tahiti likely to resume on Thursday after storm delays

Competitors was cancelled at the Olympic surfing location of Teahupo'o in Tahiti on Wednesday, with conditions still super challenging after a storm swept though the area, requiring the occasion to go on hold. Organisers stated competitors was likely to resume at 7 a.m. (1700 GMT) on Thursday, starting with ladies's round 3 and planning to move into the quarter-finals for men and women. Tahiti's Teahupo'o provided some of the very best conditions ever seen for a competitors for the males's round 3 on Monday, before strong winds ripped through the lineup and continued into Tuesday. Wednesday brought home the obstacles...

Environment

Intense heat in Gaza could intensify health crisis for Palestinians, WHO alerts

The World Health Organization alerted on Friday that scorching heat in the Gaza Strip might worsen illness for Palestinians displaced by Israeli bombardment and heavy battling in between its forces and Hamas militants. The World Food Programme has actually alerted that a massive public health crisis is looming in Gaza due to the lack of tidy water, food and medical materials. We've seen huge displacement over the recentlies and months, and we understand that combination and the heat can cause a. increase in illness, said Richard Peeperkorn, WHO's representative. for Gaza and the West Bank. We have water contamination because...

Pollution

Gaza households desperate for water without any relief in sight

It is not only the everpresent danger from Israeli barrage or ground battling that makes life a trial for Gaza's Palestinian civilians. It is likewise the large everyday slog to discover bare requirements such as water, to consume or cook or wash with. For the Shenbary family, that can be a walk of 90 minutes, jerry cans at the ready, in the hope of finding a makeshift circulation point amongst the mounds of grey, dirty debris of the Jabalia city refugee camp in northern Gaza. Now that Jabalia has actually all been bulldozed, all the wells are bulldozed with it....

Environment

UN Bonn climate conference interrupted by pro-Palestinian protest

A session of U.N. environment settlements in the German city of Bonn was suspended on Monday after climate activists took to the conference stage and shown against Israel's war in Gaza, authorities stated. The Bonn Climate Modification Conference, which kicked off on Monday, is developed to prepare choices for adoption at the COP29 gathering in Azerbaijan in November. Environment Action Network activists raised a Palestinian flag on the conference stage and a banner reading: No business as usual throughout a genocide, before they were accompanied out by the U.N. security service, a video of the demonstration revealed. Bonn authorities said...

Power Markets

Could Israel keep the lights on and water running during a regional war?

Israeli energies have deployed backup generators, filled water tanks to the brim and stepped up cyber defences in case the Gaza dispute triggers war against Israel on several fronts. The energy minister has actually told Israelis there is no requirement to panic about the possibility of blackouts and energy supply disruptions as Israel has a wide range of sources to create electrical energy. However lots of Israelis showed their issues by buying family generators and stockpiling on emergency materials even before an Iranian missile and drone attack on Israel on April 13, and some vulnerabilities are clear. While Israel has...

Environment

UN says waterborne illnesses spread out in Gaza due to heat, hazardous water

Waterborne diseases are spreading in Gaza due to a lack of clean water and increasing temperature levels, the United Nations humanitarian coordinator in Gaza said on Friday. It is becoming extremely hot there, Jamie McGoldrick told press reporters through video link from Jerusalem. Individuals are getting much less water than they need, and as an outcome, there have been waterborne diseases due to absence of safe and clean water and the disruption of the sanitation systems. We have to find a method the months ahead of how we can have a much better supply of water into the locations where...

Environment

Houthi attacks should relieve for salvage of two vessels, UN shipping company says

Efforts to limitation ecological damage from a cargo vessel that sank after a. Houthi rocket strike and another abandoned during a fiery. assault are on hold up until attacks on ships ease, the United. Countries' maritime shipping regulative agency said on Monday. The UK-owned Rubymar last month became the first vessel lost. because the Houthis began targeting business ships in the Red. Sea location in November. The bulk provider with 21,000 metric heaps. of fertiliser consisted of in its cargo hold has been submerged in. shallow waters in between Yemen and Eritrea given that late February. The Greek-owned True Confidence...

Climate Change

Asia's severe April heat worsened by environment modification, researchers state

Extreme temperature levels throughout Asia last month were worsened and more likely as a result of humandriven environment change, a group of global scientists said on Wednesday. Billions of people throughout the continent were affected by record-breaking temperature levels throughout April, with schools forced to shut down, crops damaged and numerous people eliminated by heat-related health problems, climate professionals from the World Weather condition Attribution group said in a report. Myanmar, Laos and Vietnam experienced their hottest April days on record, while temperature levels in India reached as high as 46 degrees Celsius (114.8 Fahrenheit), they stated. From Gaza to...

Environment

New york city pension fund to divest some Exxon holdings

The New York State Common Retirement Fund will limit its financial investments in 8 incorporated oil and gas business, consisting of the divestment of a little share of its holdings in Exxon Mobil, New York City Comptroller Thomas DiNapoli, who supervises retirement assets, stated on Thursday. The move follows an evaluation of the companies' preparedness to shift to a low-carbon economy, DiNapoli said in a. declaration. The relocation totals up to a compromise measure by the. third-largest U.S. state pension fund as it and other huge. investors deal with calls from ecological groups to more completely. divest from nonrenewable fuel...