EUR/USD
1.16201
-0.417%
Gold
4551.91
-2.158%
Oil
100.821
3.122%
USD/JPY
158.738
0.225%
GBP/USD
1.33200
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GBP/JPY
211.444
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Real-time News
On May 16th, according to US media reports, the Trump administration plans to streamline the licensing process for oil projects within the Alaska National Petroleum Reserve to boost crude oil production in the US Arctic. The Department of the Interiors move aims to establish a new licensing framework for the construction and operation of oil production facilities and related infrastructure. Under this plan, eligible projects could receive analysis and authorization more quickly, perhaps in as little as 30 days. This measure could benefit companies holding leases within the reserve, such as ConocoPhillips, Santos, and Repsol, and expedite government scrutiny of projects like ConocoPhillips Willow (which has drawn strong opposition from climate activists). During the Iran-Iraq War, with approximately 20% of global supplies tied up in the Persian Gulf, the Trump administration has intensified its calls for US oil companies to increase production.Canadian Prime Minister Carney: I think the new crude oil pipeline from Alberta to the Pacific coast will attract a lot of attention.According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending May 12, silver speculators increased their net long positions by 5,254 contracts to 16,195 contracts.According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending May 12, gold speculators increased their net long positions by 4,963 contracts to 100,627 contracts.Lebanese Ambassador to the United States: Negotiations with Israel have led to progress on both political and security fronts.
