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17.12.25 - 20:39
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Shell Oil Sued Over "Causing Typhoon" In Philippines In Major Test Case (ZeroHedge)
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Shell Oil Sued Over "Causing Typhoon" In Philippines In Major Test Case
Authored by Chris Morrison via DailySceptic.org,
A massive 'lawfare' claim backed by Greenpeace and Friends of the Earth has been filed in the UK's Royal Courts of Justice claiming that Shell Oil played a part in a devastating typhoon in the Philippines in 2021. At the centre of the case is a Green Blob-funded weather 'attribution' study that claims Typhoon Rai, also known as Odette, was made significantly worse due to human caused climate change. The study has been recently published and is heavily linked to academic institutions funded by the green billionaire investor Jeremy Grantham.
The action has been filed by a number of survivors of the Philippines storm that caused considerable damage in parts of the Philippines in late 2021. It claims financial compensation as well as “injunctive relief to curb Shell's destructive activities”.
Typhoons are not unknown in this part of the world, but recent ev...
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17.12.25 - 18:36
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Gold and Oil Rise as Geopolitical Risks Mount (Bloomberg)
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Oil rose from a four-and-a-half-year low after the US signaled tougher measures against Russia to spur a peace deal in Ukraine after declaring a blockade of Venezuelan oil exports. Gold rose, approaching record levels, as investors looked ahead to US inflation data and monitored escalating tensions in Venezuela. Silver climbed to a fresh peak, and platinum jumped to the highest since 2008. Bloomberg's Mike McGlone joins to discuss the outlook for commodities going into 2026. (Source: Bloomberg)...
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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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17.12.25 - 17:18
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US-Rohöllagerbestände fallen weniger als erwartet (DPA-AFX)
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WASHINGTON (dpa-AFX) - In den USA sind die Ölreserven in der vergangenen Woche weniger als erwartet gefallen. Die Rohöllagerbestände sanken um 1,3 Millionen auf 424,4 Millionen Barrel (je 159 Liter), wie das US-Energieministerium am Mittwoch in Washington ......
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17.12.25 - 17:00
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What action is Trump taking against Venezuela′s oil industry? (The Guardian)
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The US president wants a blockade of oil tankers under sanctions to stop them entering and leaving VenezuelaAnalysis: Maduro says the real reason for Trump's fixation is oil – is he right?Donald Trump has intensified pressure on Venezuela's president, Nicolas Maduro, and his government in a major escalation aimed at the country's main source of income: the oil industry.The White House called for a blockade on all Venezuelan oil exports one week after the US seized an oil tanker off the the country's coast in what Maduro called “an act of international piracy”. Continue reading......
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17.12.25 - 16:42
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US-Rohöllagerbestände sinken weniger stark als erwartet (Dow Jones)
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DOW JONES--Die Rohöllagerbestände in den USA haben sich in der Woche zum 12. Dezember verringert. Sie fielen nach Angaben der staatlichen Energy Information Administration (EIA) um 1,274 Millionen Barrel gegenüber der Vorwoche. Von Dow Jones Newswires ......
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