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According to the Financial Times, the Finnish Prime Minister warned that Russia would redeploy troops to NATOs eastern flank if a peace agreement is reached in Ukraine. He urged Europe to invest more in the defense of frontline countries.According to the Financial Times, Greg Gut, head of Shells M&A team, has resigned after the CEO rejected a takeover bid for BP.December 16th, Futures News: Economies.com analysts latest view: Spot gold has risen slightly in recent intraday trading, gaining initial bullish momentum thanks to the solid support level of $4300, further strengthened by its price action above the 50-day EMA. In the short term, the main bullish trend dominates, and spot gold is trading along the support line of this trend, further solidifying its upward momentum.December 16th, Futures News: Economies.com analysts latest view: WTI crude oil futures have continued to decline in recent intraday trading, reaching the key support level of $56.40, which was the potential target mentioned in our previous analysis. Currently, this support level is under threat of being broken, mainly because the price continues to be pressured below the 50-day moving average, and the dominant trend remains downward. Furthermore, the price is moving along the secondary support trendline of this trend, with negative pressure continuing to dominate the market.December 16th, Futures News: Economies.com analysts latest view: Brent crude oil futures prices continued to decline during the trading session, constrained by prices remaining below the 50-day EMA, with negative pressure persisting and further solidifying the dominance of the steep secondary downward wave in the short term. The current price is approaching the key support level of $60.00, which was also a potential target mentioned in our previous analysis. Although the Relative Strength Index (RSI) shows oversold signals, negative signals remain, further increasing the likelihood of a break below this support level.

Mexico's Pemex Says the Fire at the Salina Cruz Refinery has been Extinguished

Aria Thomas

Apr 18, 2022 09:45

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The blaze began on Friday and quickly devoured a gasoline storage tank, sending a thick cloud of black smoke pouring from inside the refinery.


Pemex said that firemen had completed the tank's "suffocation and cooling operations."


In August, another fire broke out at the Salina Cruz facility.


According to Eikon Refinitiv data, Salina Cruz has the ability to process 330,000 barrels of crude oil per day.


In November, another fire broke out at a Pemex refinery complex in northern Mexico, but it was quickly extinguished without resulting in any casualties or production disruptions.