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Russian authorities say they shot down 15 Ukrainian drones that were heading toward Moscow.October 10th - According to Ukrainian sources on October 10th, talks between Ukraine, the United States, and European countries in Miami, Florida, ended prematurely, and negotiations scheduled for the following day will not take place. US Presidential Envoy Witkov posted on social media on the 9th that representatives from the United States, Ukraine, and Europe met that day in Miami, Florida, and held "constructive" discussions on ways to ease tensions between Russia and Ukraine, end the conflict, and achieve lasting peace before winter.The governor of Ukraines Zaporizhzhia region stated that the Russian attack resulted in seven deaths.October 10th - According to sources within Apples supply chain, Apple has made structural adjustments to its fall 2026 smartphone order volume: increasing orders for the iPhone Duo by 30%, but the total still does not exceed 10 million units; cutting orders for the iPhone 18 Pro by 10%-15%, while increasing orders for the iPhone 18 Pro Max by 10%-15%, with the total order volume for the iPhone 18 Pro series remaining unchanged. "This means sales are shifting towards higher-value products, so overall its beneficial to the performance of Apples supply chain companies," said an Apple supply chain source.The U.S. National Hurricane Center predicts that Isaias will continue to weaken, but will continue to produce gusts deep inland until it weakens below gale force later today.

Oil Prices Drop As Industry Data Shows Rising U.S. Crude Stocks

Haiden Holmes

Feb 15, 2023 11:35

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As industry statistics pointed to a far larger-than-anticipated increase in U.S. crude stocks, oil prices declined in early Asian trade on Wednesday, after plunging by more than $1 per barrel in the prior session.


By 01:11 GMT, Brent crude prices fell 20 cents to $85.38 per barrel, whilst U.S. West Texas Intermediate (WTI) crude futures fell 19 cents to $78.87 per barrel.


Approximately 10.5 million barrels were added to U.S. oil stocks for the week ending February 10, according to market sources quoting American Petroleum Institute data released on Tuesday.


The increase was far greater than the 1.2 million-barrel increase that nine analysts surveyed by Reuters had predicted, which may indicate a decline in gasoline consumption.


According to anonymous sources, gasoline inventories increased by around 846,000 barrels, while distillate inventories increased by approximately 1.7 million barrels.


Wednesday at 10:30 a.m. EST (0330 GMT) the government's official inventory estimates are due.


The U.S. Department of Energy's (DOE) decision this week that it will sell 26 million barrels of oil from the nation's strategic reserve, which is already at its lowest level in about four decades, also weighed on crude prices.


The Organization of the Petroleum Exporting Countries (OPEC) upped its 2023 global oil demand growth prediction for the first time in months in response to China's reopening, bolstering prices, and lowered supply expectations for key non-OPEC producers, signaling a tighter market.


OPEC forecasts that global oil consumption will increase by 2,32 million barrels per day (bpd) or 2.3% this year, an increase of 100,000 bpd since February.

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