Category: Market

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Gold Higher Despite Rising Fed Hike Expectations – OANDA

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ValueWalk

OANDA – Santa’s Back, Mostly Positive US Data, Erdogan’s Lira Playbook, Crude Steadies, Gold Higher Despite Rising Fed Hike Expectations, Bitcoin Disappoints Q3 2021 hedge fund letters, conferences and more Omicron is looking more like a short-term disruption to the economic outlook and not a destructive headwind that knocks the economy off its course. A wrath of US economic data, which was mostly pre-Omicron painted a picture that showed the economic was moderating, but growth and inflation remained strong. Jobless claims continue to head into the right direction, higher prices dragged down b… Continue reading “Gold Higher Despite Rising Fed Hike Expectations – OANDA”

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The researchers working to bring Syria war crimes to light

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Al-Araby

When the first protesters were gunned down on the streets of Syria in March 2011, the world witnessed their deaths through grainy videos uploaded onto the internet by activists. The Syrian regime, fearing that the mass pro-democracy uprising would lead to its overthrow, directed its security forces at the protesters, detaining and killing activists in their thousands. Syria, largely closed to the outside world, became one of the first conflicts to be monitored, chronicled, and archived almost exclusively by citizen journalists and amateur researchers. Thousands of miles away, investigators wor… Continue reading “The researchers working to bring Syria war crimes to light”

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Oun: The losses of closing the oil fields exceeded 350 thousand barrels per day

The Minister of Oil and Gas in the Government of National Unity, Mohamed Oun, said today, Tuesday, that the losses of closing the oil fields in the southwest of the country exceeded 350 thousand barrels per day after the closure of the El Feel field.

Oun added, in Tuesday’s statements, that the ministry had contacted the members of the Petroleum Facilities Guard, the southwestern branch, who closed the fields and are still insisting on implementing their demands in exchange for reopening the oil fields.

The Minister of Oil and Gas confirmed that the chairmen of the boards of directors of Akakus, Sirte and Mellitah companies complied with the directives issued by the ministry to continue their work, and to follow the correct legal and administrative procedures to resolve existing disputes and problems in order to avoid the loss of oil production.

Personnel affiliated with the Petroleum Facilities Guard closed the El Sharara, El Feel, El Wafa, and Hamada fields, causing losses of more than 350 thousand barrels per day, while the agency’s administration denounced the locking of oil fields and their use as a means of pressure for demands.

Source: Libyan News Agency

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Al-Kabeer is following up with Budget Committee annual closing for 2021.

Tripoli, The Governor of the Central Bank of Libya, Al-Siddiq Al-Kabeer, continued, on Sunday in Tripoli, the implementation of the recommendations of the budget committee of the bank. This came during the meeting held by Al Kabeer at the bank’s headquarters with the Budget Committee and the relevant departments of the bank to discuss its preparations for the annual closing of the 2021 budget.

Source: Libyan News Agency

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Libya may conclude oil service agreements with national or foreign companies to develop fields and increase production.

Tripoli, Minister of Oil and Gas “Mohammed Oun” expressed Libya’s aspiration that its oil production would reach about (2.1) million barrels per day, within a period of time ranging between two or three years.

In statements to Bloomberg, Minister Oun said that Libya may grant rewards to oil companies that fulfill their pledges to increase production to 1.4 million barrels per day by mid-2022, and those who do not comply may be punished.

The Minister of Oil and Gas indicated that (reaching this number is possible if a prepared budget for the sector is finally approved, which opens the door for financing, and otherwise, the state may conclude oil service agreements with national or private foreign companies to develop fields and enhance production.

Oun explained in his statements that Libya’s oil production currently ranges between 1.25 million and 1.3 million barrels per day, and if the state is stabilized through elections or the formation of the government, we hope to reach a production of (2.1) million barrels per day. According to Bloomberg.

Source: Libyan News Agency

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GNA Ministry of Foreign Affairs and International Cooperation congratulates Qatar on National Day.

Tripoli, GNA Ministry of Foreign Affairs and International Cooperation has congratulated Qatar on the National Day of the country which falls on December 18th, and praised the leadership and people of Qatar.

The Ministry said ‘we wish our sister state of Qatar every progress and prosperity, and voiced its appreciation of Qatar’s support for their Libyan brothers in regional and international forums, their continued support for security and stability in Libya, and the promotion of fraternal relations between the two countries in the mutual benefit of both peoples.

Source: Libyan News Agency