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Editorial Inflation eases for third straight month. PH unemployment rate improves in Oct. PH hunger rate eases in September 2021 SWS. World Bank raises PH growth outlook. Those were four headlines that appeared on the same day, Dec. 7, 2021 signaling a confluence of factors that point to better days and months ahead for a nation that had been in the throes of a crippling pandemic for nearly two years. Two were issued by the Philippine Statistics Authority (PSA); one by a global financial institution and the other by a leading public opinion polling institution. In the past 21 months, the news emanating from these sources had not been uniformly auspicious. On closer analysis, the slowdown in food costs for the third straight month is the main factor in easing inflation. Vegetable inflation turned negative at 1.8 percent from 11.4 percent in October. Fish process also dipped to 7.9 percent from 9.5 percent in the same period. Slower importation and release of inventory pushed average pork prices higher in November, following a four-month decline.

According to the CFTC Commitments of Traders report for the week ended December 7, NET LENGTH of crude oil futures slumped -20 002 contracts to 367 232. Speculative longs declined -19 277 contracts while shorts added +725 contracts. For refined oil products, NET LENGTH for heating oil dropped -2 628 contracts to 8 597, while [] The post CFTC Commitments of Traders Traders Trimmed Long Position in Crude Oil. Rebound Triggered Profit-taking appeared first on Action Forex .

SECTOR COMMENTARY: Energy stocks were higher as broader benchmarks added to a three day rally. Traders awaited key inflation data and weighed the economic threat of the omicron variant. Oil headed for its biggest weekly gain in more than three months after the deepest fears over the new virus strain receded, though traders remained on [] The post Crude Set for Biggest Weekly Gain Since August appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .

Equinor storage facility not hurricane hardened NASSAU, BAHAMAS Nearly two years after record hurricane winds spread some five million gallons of crude oil over wetlands, pine forests, and a quarry in Grand Bahama, environmentalists report that concentrations of oil found at the spill site remain high enough to negatively impact birds and other potentially []

Washington [US], December 11 (ANI/Sputnik): The Energy Department announced the first sale of 18 million barrels of oil from the US Strategic Petroleum Reserve (SPR) aimed at reducing pump prices of fuel that had hit seven-year highs and raised inflation woes. "Exchanges and sales from the Strategic Petroleum Reserve are important tools we are using to address oil supply disruptions as the world recovers from a once-in-a-

An oil field has been found on the Turkish-Syrian border, the Turkish Petroleum Corporation (TPAO) said on Twitter.

Kaieteur News Head of Transparency International Guyana Inc. (TIGI), Mr. Fred Collins holds the view that good governance of the oil sector will continue to be undermined if the original sin or root case is not fixed by the leaders of the day. During his recent appearance on Kaieteur Radios Programme, Guyanas Oil and []

says Exxon, CGX did not report any spills Kaieteur News Minister of Natural Resources, Vickram Bharrat is confident that the oily substance floating on the surface of the Atlantic Ocean is not from an oil spill, even though the Environmental Protection Agency (EPA) has not even collected samples to run an analysis. Speaking with []

Assuming he means the pace of inflation, he''s not crazy to say that. The drop in energy prices in December bakes in a deceleration next month, assuming oil doesn''t rip back higher in the days ahead. There''s also evidence that supply chains are starting to loosen up. Moreover, the base effe

NNA - Saudi Arabia and Bahrain today issued a joint statement at the conclusion of the official visit of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defense, to Bahrain. Following is the text of the statement: Emanating from the solid historical relations and close fraternal bonds and ties of kinship that unite Saudi Arabia and Bahrain and based on the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense of the Kingdom of Saudi Arabia paid an official visit to Bahrain on 9-10/12/2021. His Majesty King Hamad bin Isa Al Khalifa of the Kingdom of Bahrain and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense of the sisterly Kingdom of Saudi Arabia, held official talks attended by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister.

By Vishani Ragobeer [email protected] Before the discovery of oil and gas offshore Guyana, Canada was Guyanas largest export partner in the extractive sector. Now, as countries are hounding business opportunities in Guyana, Canada wants to be a bigger partner. The pitch to strengthen the Guyana/ Canada business relations was made by Mark Berman, the High []

Two House Democrats reintroduced this week a bill targeting a ban on fracking, halting new fossil fuel power plants, and ending U.S. oil and gas exports, just as a group of Republicans introduced a bill aimed at protecting America’s energy security. Congresswoman Jan Schakowsky, a Senior Chief Deputy Whip and Chair of the Energy and Commerce Consumer Protection and Commerce Subcommittee, and Congresswoman Nanette Diaz Barragán (D-CA) reintroduced this week their so-called Future Generations Protection Act of 2021, which, they say,…

Texas AG Ken Paxton and the U.S. Department of Justice reached a settlement with barge owner Kirby Inland Marine, LP (Kirby) to resolve allegations that Kirby caused environmental damage due to an oil spill from one of its barges in violation of the federal Oil Pollution Act... By: Cozen O''Connor

Oil prices have been choppy on Friday, though have for the most part traded on the front foot and are on course for their best weekly performance sinc

Oil has had a nice rally off the low and is now consolidating around resistance; could be in the process of creating a continuation pattern.