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Expectations Of A Gulf Coup Against America And The Use Of Dangerous Weapons ! - Foreign Affairs - Nairaland

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Expectations Of A Gulf Coup Against America And The Use Of Dangerous Weapons ! by SummaryChannel: 4:25am On Feb 08
Dangerous | Expectations of a Gulf coup against America and the use of dangerous weapons in the 2024 US elections

https://www.youtube.com/watch?v=AzvfPEPOmV4?si=teoR_AFbNLtUxJ2Q
Updates on the oil issue presented in this episode of Samri Channel.
Oil prices rose, with expectations that US oil production growth will remain largely stable until 2025, alleviating fears of excess supply. Brent crude futures increased 38 cents, or 0.5%, to $78.97 per barrel by 00:13 GMT, while US West Texas Intermediate crude increased 41 cents, or 0.6%, to $73.72.

Both crude oil prices rose slightly on Monday. The US Energy Information Administration said yesterday, Tuesday, in its short-term energy forecasts that US domestic production will not exceed the record recorded in December 2023, which is more than 13.3 million barrels per day, until February 2025, according to Reuters. The EIA also lowered its forecast for domestic oil production growth in 2024 by 120,000 bpd to 170,000 bpd, which is sharply lower than last year's production increase of 1.02 million bpd. US government data on oil inventory is scheduled to be released later on Wednesday.

US crude inventories are expected to rise by 1.9 million barrels last week as production recovers from a cold snap and maintenance begins at refineries. Meanwhile, American, Qatari and Egyptian mediators prepared a diplomatic campaign to overcome the differences between Israel and Hamas regarding a truce in Gaza after the Palestinian movement submitted its response to the proposed ceasefire agreement in the Strip, which would also include the release of hostages. Traders are closely following the situation in the Middle East, especially the attacks launched by the Yemeni Houthi group allied with Iran on ships in the vital Red Sea, which have disrupted traffic through the Suez Canal, which is the fastest sea route between Asia and Europe and through which approximately 12% of global trade passes. .

Voters in Venezuela voted to annex the oil-rich Essequibo region, which is administered by neighboring Guyana, to their country, in an advisory referendum organized by Caracas to legitimize its claim to this region. The annexation of the region received more than 95% of the votes in the referendum, which included five questions in this regard, according to what the National Elections Commission reported. The head of the committee, Elvis Amoruso, confirmed on Monday that the participation rate in the referendum had reached about 50%, with “10,431,907 Venezuelans” voting out of 20.7 million voters who were invited to participate.

Venezuelan President Nicolas Maduro praised the "landslide" victory. He said, "We have achieved the first steps of a new historical stage in the struggle for what belongs to us, in order to restore what the liberators left to us." Agence France-Presse journalists in Caracas and Ciudad Guyana, the capital of the Venezuelan region bordering Essequibo, observed on Sunday a moderate attendance of voters at voting centers.

The National Elections Commission reported on Sunday that about 10.5 million “votes” were cast in the referendum, and there was controversy over this number of votes before the official announcement of the participation rate was issued, as the opposition accused the authority of trying to conceal the high boycott rate, noting that 10.5 One million “votes” does not mean that 10.5 million people cast their votes.

For his part, director of the Data Analysis Institute for Opinion Polls, Luis Vicente Leon, said, “It is very difficult to understand results like these.” The referendum included five questions, including proposals to establish a Venezuelan state called “Guyana Essequibo” and grant its residents Venezuelan citizenship, in addition to a call to reject the jurisdiction of the International Court of Justice, to which Guyana approached regarding the disputed region. Although the opposition is demanding overall sovereignty over Essequibo, it has expressed reservations and is hesitating between its convictions and its determination not to support the authority before the presidential elections scheduled for 2024. The most prominent opposition figure, Maria Corina Machado, who hopes to compete with Maduro for the presidency, considered the referendum an attempt to “distract "Attention" amid the crisis in the country.

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