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But there are signs that both supply and demand will bring prices back down in the coming months. AAA reported this week that the average price for a gallon of gas in the US was $3.88. AdvertisementAdvertisementAn atypical spike in pricesThe increase in gas prices is unusual, as we typically see some relief after the summer surge as demand wanes. If true, the worries about the impact of rising gas prices on consumer spending and inflation are overblown. AdvertisementAdvertisementIn recent years, with oil prices closer to $70 a barrel, gas prices have typically been close to $3 a gallon.
Persons: Mohamed el, Saudi Arabia's, Mohamed Oun, there's, Jorge León, Mike Wirth, we've, hasn't, Wirth, Grace Smith, David Kelly, We're, Kelly, Citi's, Ed Morse Organizations: Service, AAA, Allianz, Saudi, Reuters, Rystad Energy, US Strategic Petroleum Reserve, Biden, Strategic Petroleum Reserve Energy Department, Strategic Petroleum Reserve, Chevron, Bloomberg, Denver, MediaNews, Getty, Morgan Asset Management, Citigroup, CNN Locations: Russia, Saudi Arabia, Wall, Silicon, California, Clearwater Beach, Tampa , Florida, Libya, Ukraine, Brazil, Canada, Venezuela, Guyana
A translation of a Russian-language magazine article hosted on the U.S. Central Intelligence Agency’s (CIA) website, which says Ukrainian nationalist Stepan Bandera is Adolf Hitler’s spy, has been mistaken online to be the findings of the CIA itself. Facebook (here and here) and Twitter (here) users are sharing screenshots and a link to the document, captioning it as a “declassified CIA document”, and writing: “Ukrainian hero Stepan Bandera was 'Hitler's professional spy, known as Consul II.' A copy of the original magazine article, from 1951, can be viewed on page 18, bit.ly/3JX25tt . In 2020, some Russian media released misleading articles regarding this document with a similar narrative. The document is a translation of a Russian-language magazine article, not evidence of a conclusion by the CIA.
Persons: U.S . Central Intelligence Agency’s, Stepan Bandera, Adolf Hitler’s, , Sotsialisticheskiy Vestnik, Petro Yarovyy, Read Organizations: U.S . Central Intelligence, CIA, Facebook, Twitter, of Ukrainian Nationalists, OUN, Nazi, Reuters Locations: Ukrainian, Bandera, Soviet, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAn oil blockade in Libya 'will not harm anybody else except the Libyans,' minister saysLibya's Oil Minister Mohamed M. Oun tells CNBC's Dan Murphy that an oil blockade in the country "will not harm anybody else except the Libyans.”
Persons: Mohamed M, CNBC's Dan Murphy, Organizations: Libya's, Oun Locations: Libya
The Ukrainian coat of arms, a trident, is an official symbol of the country and dates back over a thousand years. The blue shield with a gold trident-like symbol is seen on the Military of Defense of Ukraine site and is currently listed as the country’s official coat of arms (here). FAR-RIGHT NATIONALISTS ADOPTED THE SYMBOLFar-right Ukrainian nationalists during the pre-WW2 era “naturally used symbols that were historically associated with Ukraine,” Mark Pitcavage, senior research fellow at the Anti-Defamation League (ADL) Center on Extremism said, including what is now the Ukrainian coat of arms. The Organization of Ukrainian Nationalists (OUN), was founded in 1929 to “liberate Ukraine from Soviet rule and create an independent Ukrainian state,” according to Reuters reporting from 2015 (here). While far-right Ukrainian nationalists have used the trident symbol, the symbol is from a millennium earlier, is on Ukraine’s coat of arms, and is not proof Zelenskiy is connected to extremists.
[1/3] Italian Prime Minister Giorgia Meloni and the head of Libya's Government of National Unity, Abdulhamid al-Dbeibah attend a joint news conference in Tripoli, Libya. TRIPOLI, Jan 28 (Reuters) - Italian Prime Minister Giorgia Meloni flew to Tripoli on Saturday where she is expected to agree a major gas deal aimed at boosting energy supplies to Europe despite the insecurity and political chaos in the North African country. Meloni is meeting Mohamed al-Menfi, the head of Libya's three-man Presidency Council, and Prime Minister Abdulhamid al-Dbeibah, head of the internationally recognised Government of National Unity (GNU) in Tripoli. Insecurity and lawlessness has made Libya a major, but dangerous, route for migrants seeking to reach Europe, often via the Italian island of Lampedusa. Italian Interior Minister Matteo Piantedosi, who oversees much of the migration issue for Rome, flew to Libya with Meloni.
The deal, signed during a visit to Tripoli by Italy's Prime Minister Giorgia Meloni, aims to increase gas output for the Libyan domestic market as well as exports, through the development of two offshore gas fields. Output will begin in 2026 and reach a plateau of 750 million cubic feet per day, Eni said in a statement. "This agreement will enable important investments in Libya's energy sector, contributing to local development and job creation while strengthening Eni's role as a leading operator in the country," said its chief executive, Claudio Descalzi. Meloni met Libya's Prime Minister Abdulhamid al-Dbeibah, head of the internationally recognised Government of National Unity (GNU) in Tripoli for talks that also focused on migration across the Mediterranean. Italian Interior Minister Matteo Piantedosi, who oversees the migration issue for Rome, accompanied Meloni to Libya, as well as Foreign Minister Antonio Tajani.
KUWAIT, Dec 12 (Reuters) - Libya is producing about 1.2 million barrels per day of oil, oil minister Mohamed Oun told reporters on the sidelines of an OAPEC meeting on Monday. "We hope to return to 2010 levels, which was 1.6 million bpd, within two or three years," he added. He added that he hoped that Libya's decision to lift force majeure on oil and gas exploration, which was announced last week, would encourage foreign oil companies to return to the country. Reporting by Ahmed Hagagy, writing by Ahmad Ghaddar in Dubai; Editing by Kirsten Donovan and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
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