Italian AF IAM9001 A330 east over northern Turkey from Rome depart-Giorgio Meloni after doing this w/Albanian President earlier today
Albania agrees to temporarily house migrants who reach Italy while their asylum bids are processed
https://abcnews.go.com/International/wireStory/albania-agrees-temporarily-house-migrants-reach-italy-asylum-104663329
Grenell did a good job keeping a lid on all that but all undone by Blinken and State Dept stooges.
Wasn’t solved by any means but way better before
And also amazing how many people thought it was real itfp
Called out as fake in 2020 but tried so hard to “convince”.
Peeps believe what they want but never fooled here
>>19870889 PF Italian PM east-Albania agrees to temporarily house migrants who reach Italy while their asylum bids are processed
Oil Gains As Saudi Arabia And Russia Stick To Oil Production And Export Cuts
(Demand destruction continues-brian ded if you haven’t seen it since last year and also why none of the “bad” news sticks-Japan’s energy imports were down 16% at last report)
Saudi Arabia and Russia have confirmed they will extend their voluntary production and export cuts until the end of the year in a largely expected move to keep a lid on a solid portion of global supply, OilPrice reported. The news helped reverse some of oil's sharp losses from last week. This additional voluntary cut comes to reinforce the precautionary efforts made by OPEC+ countries with the aim of supporting the stability and balance of oil markets," Reuters quoted a statement from the Saudi energy ministry as saying.
Saudi Arabia has been producing around 9 million barrels daily, effecting a voluntary reduction of some 1 million bpd. Russia, for its part, has undertaken to reduce exports by 300,000 bpd and production by half a million barrels daily.
"The additional voluntary cut is intended to strengthen the measures taken by OPEC+ countries to maintain the stability and balance of oil markets," Deputy Prime Minister Alexander Novak said on Sunday.
Commenting on the Saudi and Russian updates, ING’s Warren Patterson and Ewa Manthey noted that this extension was expected but the market would be interested in whether the two would extend the cuts further into 2024. This might suggest the current extension was unlikely to have any immediate effect on prices but an extension into 2024 might move the benchmarks.
“Our oil balance shows that the market will be in surplus in 1Q24, which may be enough to convince the Saudis and Russians to continue with cuts through the seasonally weaker demand period of Q1,” the analysts wrote.
Prices moved up modestly after the Saudi and Russian announcements after both Brent and WTI booked a second losing week in a row last week. The biggest reason for the recent drop in prices looks to be the waning war premium from the war between Israel and Hamas, which appears to be contained for the time being and not a direct threat to Middle Eastern oil supply.
https://www.zerohedge.com/markets/oil-gains-saudi-arabia-and-russia-stick-oil-production-and-export-cuts
https://tradingeconomics.com/commodity/crude-oil