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Lebanon identifies soldiers killed in Daesh captivity

September 6, 2017 Middle East Monitor 0

Lebanon has identified the bodies of ten of its soldiers found along the Syrian border in a zone taken back from Daesh last week, state news agency NNA said today. An offensive against the enclave ended with the evacuation of Daesh militants and their families to eastern Syria under a Hezbollah-brokered deal. Syria’s government and Lebanon’s Hezbollah allowed a convoy of about 300 lightly armed fighters and 300 relatives to evacuate, surrendering their border enclave. As part of the agreement, daesh militants identified where they had buried the soldiers, Lebanon’s army chief said. DNA tests confirmed that all ten bodies found in the mountainous border region were Lebanese soldiers, security sources and local media said today. Read: This will be the […]

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Syrians battling to achieve World Cup dream

September 6, 2017 Middle East Monitor 0

Syria’s team spirit has kept the war-torn nation in contention to qualify for their first football World Cup and Ayman Hakeem’s side will need to muster more of the same attitude to deliver a storybook ending to their remarkable journey. For the fourth time in five games Syria scored in the dying seconds when they met Iran yesterday as Omar Al-Soma slid the ball through the goalkeeper’s legs to earn a 2-2 draw that sets up a two-legged playoff with Australia next month. Since March, Qatar, China and Uzbekistan have all been on the receiving end of last-gasp goals from the Syrians as the country’s World Cup dream moved closer to reality. A 91st minute Omar Khrbin penalty secured a […]

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Bloom joins IMCA as director of client engagement

September 6, 2017 Latest News 0

David Bloom has been appointed director for client engagement at the International Marine Contractors Association (IMCA). He will support the association in its engagement with oil companies and the broader industry.The post Bloom joins IMCA as directo…

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A prolonged crisis and growing losses

The Gulf crisis has entered its fourth month without any indications of it ending soon. While Qatar has prepared itself for a long crisis, both on the economic and political level, and has proven that it is capable of withstanding it, the other side is in a state of fluctuation. Meanwhile the fierce media war is ongoing between the two sides. While the confrontation with Iran is one of the main issues of the Gulf conflict, it is clear that Iran is gaining the most from the crisis, either in the form of its new budding relationships or, more importantly, in the form of everyone’s distraction with the crisis, leaving the Syrian and Iraqi (as well as the Yemeni) arenas […]

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Is The U.S. Over-Reliant On Gulf Oil Production?

September 6, 2017 Ag Metal Miner 0

This week we covered the impact on the automotive industry of Hurricane Harvey and the likely boost to demand that will come from the replacement of used and new vehicles damaged by the floods. Today we look at Harvey’s impact on the oil, natural gas and refining markets — not that you will need any reminding of the impact of Harvey if you have been into the gas station to refuel your car. According to the Financial Times, the average retail price of petrol in the U.S. rose to $2.59 per gallon on Saturday, quoting…

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This will be the new Syria if the Syrians remain silent

Everything we are hearing and reading about the political solution in Syria is nothing but a waste of time and jiggery-pokery. Do not believe that the UN or any other major power is interested in reaching solutions that please the people or achieve justice in crisis-stricken countries. On top of this, the Russian mediator who is working on the political solution is the biggest supporter of the Syrian regime. Its situation is somewhat similar to that of the American mediator in the Palestinian-Israeli conflict. If you expect the Americans to promote the Palestinians’ rights, then you can expect the Russians to support the Syrian opposition. How can you expect Russia, which gloats about firing over 200,000 missiles at the Syrians, […]

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Norway’s Mature Offshore Oilfield Attracts Record Number Of Bidders

September 6, 2017 Tsvetana Paraskova 0

A total of 39 companies have applied for new acreage in Norway’s 2017 licensing round in the mature and best explored areas on the Norwegian Continental Shelf—a record high since the awards in predefined areas (APA) scheme was launch in 2003, Norway’s Petroleum and Energy Ministry said on Wednesday. The number of applications is nearly twice as many as in last year’s licensing round for the mature areas, and some 20 percent higher than the previous record-high of applications in 2014, the ministry said, in what could be…

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House Approves $8 Billion In Harvey Hurricane Relief Aid

September 6, 2017 Tyler Durden 0

With a several month debt ceiling extension now practically guaranteed absent some last minute diplomatic fiasco, moments ago the US House approved an $8 billion in Hurricane Harvey relief aid.

  • U.S. HOUSE OF REPRESENTATIVES APPROVES $8 BILLION IN AID FOR HURRICANE HARVEY RELIEF: RTRS

Check out that new @cspan chyron. Also, the House is voting on Harvey aid. pic.twitter.com/24VIoOdSGe

— Katherine Scott (@KatherineBScott) September 6, 2017

Now the decision moves to the Senate where it will be likewise approved.

As a reminder earlier in the day Trump was non-commital to the Democrats’ debt-ceiling olive branch:

  • ASKED IF HE WOULD ACCEPT A SHORT DEBT CEILING INCREASE TIED TO HARVEY FUNDING, TRUMP SAYS “WE’LL SEE”

… although without any better prospects on the table, the president will likely accept anything the democrats offer.

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EURUSD Dumps’n’Pumps After ECB QE Decision Delay, Inflation Cut Leaks Reported

September 6, 2017 Tyler Durden 0

Last week Reuters provided the outlet for leaked comments from The ECB (regarding QE) that sparked chaos in EURUSD. This week it is Bloomber who reports sources suggesting The ECB will cut inflation outlooks (pouring cold water on Draghi’s “reflationary forces” hoopla) and seemingly confirming The ECB will kick the can on the decision to taper QE into 2018.

As Bloomberg reports, ECB Governing Council has been presented with documents outlining multiple scenarios for adjusting quantitative easing, according to euro-area officials familiar with the matter.

  • Papers were put together by the ECB’s technical committees for the two-day meeting that starts Wednesday, and include different combinations for the size and duration of asset purchases, the people say
  • Documents don’t identify a preferred scenario and aren’t intended as formal policy proposals, people say
  • A decision doesn’t currently look likely before the Governing Council’s Oct. 26 meeting, people say
  • Governing Council will also look at the parameters of QE, including constraints dictated by European law and the ECB’s self-imposed choice of asset classes, to gauge how much room they have for purchases, people say
  • Officials may also talk about altering their forward guidance on interest rates, one person says
  • Draft economic projections show 2017 growth forecast revised up, 2018 and 2019 inflation forecasts revised slightly lower, separate euro-area official says, citing document distributed to national central banks
  • ECB spokesman declines to comment
  • People ask not to be named because the Governing Council’s deliberations, documents are private

The reaction was a swift plunge to the day’s lows followed by a surge to the day’s highs, and then retracement…

 

Once again, it appears The ECB is strawman-ing the market’s response ahead of the statement tomorrow… and for now, EURUSD is entirely unimpressed.

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