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Daily Archives: 1. November 2022
Wheat prices shoot up after Russia suspends UN grain deal
Wheat prices shot up on global commodity markets after Russia pulled out of a deal to keep grain exports moving out of Ukrainian ports, exacerbating concerns that the move by Moscow could worsen global food shortages.
“Each fraction of a percentage point pushes someone somewhere over the line to extreme poverty,” United Nations aid chief Martin Griffiths told the body’s Security Council on Monday.
Pass and enact NOPEC now!
Explainer: What is NOPEC, the U.S. bill to pressure the OPEC+ oil group?
(05.10.2022)
But several attempts to pass NOPEC over more than two decades have long worried OPEC‘s de facto leader Saudi Arabia, leading Riyadh to lobby hard every time a version of the bill has come up.
With the Senate Judiciary Committee passing the bill in May, it needs to pass the full Senate and House and be signed by the president to become law.
Deep OPEC Output Cuts Upend Biden’s Attempt To Lower Oil Prices
In an effort to combat rising prices, earlier this year President Biden began the largest drawdown of the Strategic Petroleum Reserve in U.S. history.
OPEC+ undid Biden’s SPR release by making deep output cuts, starting in November.
OPEC+ interests are fundamentally different than the interests of the U.S. consumer.
Knesset-Wahl: Israel vor weiterem Rechtsruck
In Israel wird eine neue Knesset gewählt. Noch bevor die Wahlurnen ausgezählt sind, steht ein Gewinner bereits fest: Benjamin „Bibi“ Netanjahu.
Gewinner zunächst einmal deshalb, weil er schlicht noch da ist. Alle Skandale, alle Prozesse, bei denen er sich vor Gericht verantworten muss und auch nicht seine Ablösung als Ministerpräsident vor einem Jahr haben zu seinem politischen Ende geführt.