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ForexLive Asia FX news wrap: Crypto on the move

03:57am, Monday, 22'nd Nov 2021 Forexlive
Forex news for Asia trading on Monday 22 November 2021 Oil news - Japan reserves (read from the bottom up for chronology): Other: While the forex space was fairly sedate to open the week crypto was more active.

Oil Prices Drop to a 7-Week Low Amidst Covid Resurgence in Europe.

03:53am, Monday, 22'nd Nov 2021 The Trading Room
Japanese Prime Minister Fumio Kishida signalled on Saturday he was ready to help counter soaring oil prices following a request from the United States to release oil from its emergency stockpile.
By Tom Westbrook SYDNEY (Reuters) Asian stocks made a soft start to the week on Monday while oil and the euro were under pressure, as the return of COVID-19 restrictions in Europe and talk about hastened tapering from the U.S. Federal Reserve put investors on guard.
The approximately 30-foot-by-70-foot sheen was first reported just before 9 a.m. on Saturday, according a database of oil spill reports maintained by the Governor''s Office of Emergency Services.
Share Market LIVE Updates: Most Asian stocks fell on Monday amid concerns about covid-19 curbs in Europe and the risk of the US Fed speeding up stimulus withdrawal. The Treasury yield curve was near the flattest since the pandemics onset

Oil futures have opened (lower) to begin the week

11:10pm, Sunday, 21'st Nov 2021 Forexlive
WTI oil has opened lower, the Cl contract dropped briefly under US$75 at the start of trading on Sunday evening US time. Equity indexes on Globex meanwhile are steady.

Oil Spills From Aiteos Well For Two Weeks

10:55pm, Sunday, 21'st Nov 2021 The Tide News Online
Oil has been spilling from a well owned by Nigerias Aiteo Eastern E&P and state-run NNPC for two weeks in southern Nigeria, local residents and politicians said on Friday, saying it threatened the environment and local economy. Aiteo said on Nov. 9 an extremely high order oil spill had started on Nov. 5 and that []
NNA - On the eve of Lebanon''s 78th Independence Day, President of the Republic, General Michel Aoun, delivered the following address to the nation: My fellow Lebanese ladies and gentlemen, Here comes Lebanons seventy-eighth Independence Day, and the nation is still drowning in a sea of successive crises that prevent us from celebrating joyfully, but do not keep us from living its meanings. Lebanon and the Lebanese have paid a heavy price to turn Independence from a mere commemoration to a festive occasion, and it is the right - rather the duty - of all of us to hold on to it and seek to fortify it. For the State, Independence means free decision and the protection of the nations interest while preserving the best relations with all States. As for the citizens, independence means empowered and trustworthy State institutions that protect them and ensure their rights while they ensure in turn their obligations towards these institutions. This independence needs a daily strife to preserve it and recover what we have lost, to make a clean break with an exhausting reality against which our nation and our people are struggling.
Coast Guard aircraft and boats were dispatched on Saturday afternoon after an oil sheen of 2,100 square feet was reported off Huntington Beach, where the original rupture occurred.
THE RAC has called on the biggest retailers in the UK to cut the price of petrol as wholesale fuel prices begin to dip. Read more here Daily Express :: Cars Feed ‘This isn’t acceptable’: RAC slams retailers for ‘failing’ drivers over record fuel prices

Can Australia lead the global race to renewable energy transition?

01:42pm, Saturday, 20'th Nov 2021 Kalkine Media
Highlights The climate change issues present significant opportunities for renewable energy players across Australia. Australia is believed to be emerging as a globally recognised leader in renewable energy with a strong push for adopting renewable sources. Australia has committed a further AU$500 million to enhance climate resilience and drive climate solutions. For years, we have been talking about climate change and the pivotal role that renewables can play in tackling this disastrous challenge. Governments and organisations across the globe have been engaged in research for innovative solutions to curb emissions and achieve a net-zero emission target. The Australian Renewable Energy Agency (ARENA) believes that the energy sector is witnessing a big and complex transformation amid the momentous shift towards renewable energy. On the one hand, dealing with a growing share of renewables and various ways to operate these may be a challenge, while on the other hand, this also exhibits numerous opportunities for businesses to maintain energy cost efficiencies and capturing new sources of development.

NIOC seeking new strategies for attracting investment

12:55pm, Saturday, 20'th Nov 2021 Tehran Times
TEHRAN The Managing Director of the National Iranian Oil Company (NIOC) has said his company is seeking new win-win strategies for attracting investment in the countrys oil and gas industry, Shana reported.

BREAKING NEWS: Japan weighs oil reserves release: sources

11:56pm, Friday, 19'th Nov 2021 Kyodo News+
BREAKING NEWS: Japan weighs oil reserves release: sources ==Kyodo
CNBC Oil prices fell to a six-week low on Friday as new Covid lockdowns sparked demand concerns just as industry players signal a return of supply. But for consumers looking for some reprieve at the pump, the declines aren’t … The post Oil prices fall 4% to six-week low on lockdown worries, but don’t expect much relief at the pump yet appeared first on Oil & Gas 360 .
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