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By: Nadeemy Haded

NATO Secretary-General Jens Stoltenberg considered that Russia is not an enemy of the alliance, and acknowledged that Russia is not the same as the Soviet Union, but without providing an explanation for why the Atlantic expanded eastward towards its borders.

He said in an interview with "CNN" published on Monday: "We do not create a list of enemies. We do not consider Russia as an enemy. What we see about Russia is that it used military force against its neighbor Ukraine."

He pointed out that Russia is not the Soviet Union.

"We are always trying to improve relations. (...) We do not divide the world into enemies and friends," said the NATO chief.

He also added that at the current "unpredictable" security moment, a strong institution like NATO was needed.

Source: "Interfax"

 

By: Nadeemy Haded

A North Korean official announced on Monday that US President Donald Trump's latest statements were disappointing and issued by an old man.

Kim Jong Chol, who is vice chairman of the Central Committee of the Workers' Party of Korea, said that North Korean leader Kim Jong Un, may change his view if Trump continues his strange comments, noting that North Korea has no more to lose.

Trump considered Kim to be "very smart", and would not act in a way that would make him "lose everything," and wrote yesterday to Twitter: "Kim Jong Un is very smart and will lose a lot - everything in fact - if he acts in a hostile way. He signed I have a nuclear disarmament agreement with me in Singapore, and he does not want to end his relationship with the President of the United States, or to interfere in the November presidential elections. "

Trump had announced earlier that "North Korea's act of aggression would be surprising to me," in his first comment on Pyongyang's recent announcement that its nuclear disarmament was no longer on the table in its negotiations with Washington.

Source: Reuters

Tuesday, 10 December 2019 12:14

Morgan Stanley: Brent hits $ 60 mid-2020

 

By: Nadeemy Haded

Morgan Stanley said that the OPEC plan and its allies to cut crude production to the end of the first quarter of next year will support the market in the short term only, and that it is likely that Brent crude will return to $ 60 a barrel by mid 2020.

The bank cut its forecast for OPEC production next year by 400,000 bpd to 29.2 million bpd after oil producers led by Saudi Arabia and Russia agreed to cut production in the first quarter of 2020, but they refrained from adopting any commitment beyond March.

Despite the cuts, the bank expects non-OPEC supplies to grow to about 1.8 million bpd next year, with a monthly growth rate of US production of 50,000 bpd, which will be slower than in 2018 and 2019, according to Reuters.

Morgan Stanley expected a modest surplus next year, despite speculation that the demand would accelerate, with support from the implementation of IMO rules in 2020, which require shipping companies to reduce sulfur in ship fuel starting in January.

By 05:58 GMT, Brent fell 0.3 percent to 64.18 dollars a barrel, while West Texas Intermediate crude lost 0.5 percent to 58.91 dollars a barrel.

And Morgan Stanley expected that Brent to record $ 60.00 per barrel in the first quarter of 2020, but it reduced expectations to $ 60 for the rest of the year.

He expected West Texas Intermediate to settle at $ 57.5 a barrel in the first quarter, and then increase to $ 55 in the rest of next year.

Source Sky News

 

By: Nadeemy Haded

The European Union confirmed its support for the political transition in Sudan, considering that it provides a historic opportunity for Khartoum to build a peaceful, democratic and prosperous country.

This position came in a statement issued after a meeting of foreign ministers of European Union member states held today in Brussels.

The statement indicated that the European Union seeks to play the role of "a major partner" for Sudan in accompanying the country on the path of political, economic and social reform in order to make the transition process to democracy a success.

He stressed the need for all sectors of Sudanese society to be involved in the transitional period, especially women, youth and people in marginalized areas affected by the conflict.

The statement described the current civil authorities who are managing the transitional period in the country as "effective."

Last November, the European Union foreign ministers announced during their meeting with Sudanese Prime Minister Abdullah Hamdock, Brussels's readiness to provide financial assistance to support the transitional process and enable Khartoum to achieve the goals of the stage and support the necessary economic reforms.

Source: Italian News Agency

 

By: Nadeemy Haded

Mexico has announced the nation's largest oil discovery since 1987 in the Kiske field in the coastal state of Tabasco, on the Gulf of Mexico.

Octavio Romero, president of the state-owned oil company Petrolios Mexicano, said the land area includes proven, potential, and possible reserves of 500 million barrels of crude equivalent.

Romero said that the first well was drilled in Kiske in June, and now produces 4,500 barrels per day.

The 34 km field is slated to contain 11 wells, and to produce 69,000 barrels per day in 2020, 110,000 barrels of oil and 410 million cubic feet of natural gas per day in 2021.

Source Sky News

Saturday, 07 December 2019 20:26

Strikes paralyze travel and movement in France

 

By; Nadeemy Haded

Strikes in France disrupted travel around the country on Saturday, while highway truck drivers closed, and most trains did not move due to workers' anger at President Emmanuel Macron's policies.

Tourists and shoppers faced stalled metro lines across Paris and semi-empty train stations, as the strike movement entered a protest against the government's plans to redesign a national pension system, its third day.

Truckers striking, in protest at the increased fuel tax, blocked highways from Provence in the southwest, to Normandy in the northwest.

Meanwhile, yellow jacket owners plan to revive their weekly demonstrations, against the backdrop of economic demands, on Saturday.

However, this chaos did not deter the government. "You will have to work longer," Prime Minister Edouard Philippe said clearly to the French in a speech on Friday.

The government says it will not raise the official retirement age, which is currently 62, but the new plan is expected to encourage workers to work longer.

President Macron said the reform, which would simplify a system that includes 42 specialized pension plans, would make the pension system more fair and financially sustainable.

Trade unions see the plan as a threat to workers' rights, hopes for a prolonged strike, and plan to hold protests over pension plans across the country on Tuesday.

It is worth noting that the French President will present the details of the plan next week.

Source Sky News

 

By: Nadeemy Haded

US President Donald Trump has confirmed Iran's release of American scientist Si Wang, vowing to work to free all US detainees illegally imprisoned overseas, as he put it.

In a statement released Saturday and published by the White House, Trump said that Wang had returned to the United States after spending 3 days in detention in Iran.

He added: "We thank our Swiss partners for their help in negotiating with Iran about Mr. Wang's release."

He added: "The security and welfare of American citizens is the greatest priority for the United States. The liberation of American prisoners is of vital importance to my administration, and we will continue to work hard to return all of our citizens imprisoned illegally abroad."

For his part, US Secretary of State Mike Pompeo promised, "The United States will not calm down before it returns all the American prisoners in Iran and the whole world to their families."

Pompeo reiterated his country's gratitude to Switzerland, expressing satisfaction at the "constructive stance of the Iranian government on this issue."

Earlier on Saturday, Iran announced the exchange of the two countries, two detained American scientists, Chinese-American doctorate Si Wang, who has been detained by the Iranian authorities since 2016, and Iranian biologist Masoud Suleiman, who was arrested by Washington in 2018.

Source: Agencies

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