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17.12.25 - 17:51
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WTI Holds ′Venezuela Blockade′ Gains After Small Crude Draw, Record US Production (ZeroHedge)
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WTI Holds 'Venezuela Blockade' Gains After Small Crude Draw, Record US Production
Oil prices surged overnight, jumping off multi-year lows after President Trump ordered a "total and complete blockade" of oil tankers into and out of Venezuela.
That was amid hopes of a peace deal between Ukraine and Russia, among other factors including record domestic production and weakening demand in China.
But as one geopolitical risk looks set to ease, another one is ramping up. Trump said Venezuela was "completely surrounded by the largest Armada ever assembled in the History of South America," in a post on Truth Social late Tuesday.
However, the rally in oil prices may end up being short-lived unless other catalysts start to emerge.
"Ultimately, the trend is lower for oil, with it likely to persist unless there's a pick-up in global industrial activity, a bigger supply shock, or -- most likely -- intervention from OPEC to support prices," Capital.com analyst Kyle Rodda said in a note Wednesday.
But if ...
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27.11.25 - 18:36
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How Amazon turned our capitalist era of free markets into the age of technofeudalism | Yanis Varoufakis (The Guardian)
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Amazon Web Services owns the basic infrastructure for other businesses to operate online, turning even governments into its serfs. But now some people are fighting backFor the past six years, every Black Friday – that made-up carnival of consumption – Amazon workers and their allies have mobilised across the world in coordinated strikes and protests. At first glance, these disputes look like the standard struggle between a giant capitalist employer and the people who keep it running. But Amazon is no ordinary corporation. It is the clearest expression of what I call technofeudalism: a new economic order in which platforms behave like lords owning the fiefs that have replaced markets.To appreciate Amazon's extraordinary power, we must recall the system it is helping to bury. Capitalism relied on markets and profit. Firms invested in productive capital, hired workers, produced commodities and lived or died by profit and loss. But the emerging order is one in which the most powerful capitalist firms hav...
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10.11.25 - 12:24
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COP30 Kicks Off In Brazil′s Belem (AFX)
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BRASILIA (dpa-AFX) - Thousands of diplomats and climate experts have gathered in Belem, Brazil's Amazon region, for COP30 - the latest round of UN climate talks with the task of turning promises i......
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08.11.25 - 14:54
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Less arguing, more action: will Brazil′s unorthodox approach to Cop30 work? (The Guardian)
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Host uses Indigenous concepts and changes agenda to help delegates agree on ways to meet existing climate goalsShipping containers, cruise ships, river boats, schools and even army barracks have been pressed into service as accommodation for the 50,000 plus people descending on the Amazon: this year's Cop30 climate summit is going to be, in many ways, an unconventional one.Located in Belém, a small city at the mouth of the Amazon river, the Brazilian hosts have been criticised for the exorbitant cost of scarce hotel rooms and hastily vacated apartments. Many delegations have slimmed down their presence, while business leaders have decamped to hold their own events in São Paulo and Rio de Janeiro. Continue reading......
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06.11.25 - 06:24
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The era of fine speeches and good intentions is over. Brazil′s Cop30 will be about action | Luiz Inácio Lula da Silva (The Guardian)
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This is our message to world leaders: make this the 'Cop of truth', before people lose faithLuiz Inácio Lula da Silva is the president of BrazilToday, in the Brazilian Amazon, the Belém summit opens ahead of the 30th United Nations climate change conference (Cop30). I have convened world leaders in the days leading up to the conference so that we can all commit to acting with the urgency the climate crisis demands.If we fail to move beyond speeches into real action, our societies will lose faith – not only in the Cops, but in multilateralism and international politics more broadly. That is why I have summoned leaders to the Amazon: to make this the “Cop of truth”, the moment we demonstrate the seriousness of our shared commitment to the planet.Luiz Inácio Lula da Silva is the president of Brazil Continue reading......
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