🇦🇷🇪🇸 Spain withdraws its ambassador to Argentina over comments made by President Milei

Spain announced the official withdrawal of its ambassador from Buenos Aires.

Spain said its ambassador to Argentina would remain indefinitely in Madrid, where she had been recalled for consultations Sunday in response to comments made by President Javier Milei who accused the Spanish prime minister’s wife of corruption.

Following Milei’s refusal to apologize, Spanish Foreign Minister José Manuel Albares told reporters Tuesday that “Argentina will continue without an ambassador.”

🔎 Source
#Argentina #Spain

☠️ Blood Meridian

🇳🇪 Niger Enters the Arena of Oil Exporting Nations

For the first time in its history, Niger has begun exporting crude oil. The initial shipment is set to be loaded at Benin's port of Seme, marking a significant transformation for the landlocked African nation, which experienced a military coup less than a year ago.

According to data from S&P Global Commodities at Sea, the Suezmax tanker, Front Cascade, capable of carrying 1 million barrels, was positioned near the Seme terminal as of 13:30 GMT, preparing for docking.

The tanker's listed destination is the terminal operated by the West African Oil Pipeline (Niger & Benin) Company (WAPCO), a subsidiary of China National Petroleum Corp. This company was responsible for constructing the Niger-Benin pipeline.

The commencement of loading at this terminal signifies the operational launch of the 110,000 barrels per day (bpd) pipeline, establishing Niger as a significant player in the oil export market.

Despite its arid and landlocked geography, Niger currently produces a modest 20,000 barrels of oil daily from the Agadem rift basin, primarily utilized domestically due to previous export constraints. However, with the new pipeline, production is expected to surge immediately to meet the capacity of the newly established export route.

#Niger
@songofoil

🇺🇸🇷🇺🚨‼️ Russia deployed a space laser?

https://x.com/MyLordBebo/status/1793223043281560062

@FelipeChannel

🇪🇺Decline in EU LNG Imports: A Seven-Month Low

EU gas supplies sourced from LNG terminals have decreased to their lowest in seven months, influenced by reduced demand and an uptick in mainline gas supplies, which have impacted LNG imports.

Reports from Gas Infrastructure Europe indicate that supply levels at EU LNG hubs dipped to 2,789 GWh/d on May 18 and slightly increased to 2,797 GWh/d on May 19. This is the lowest recorded in the region since the supply was at 2,710 GWh/d on October 8.

Data from Commodity Insights as of May 21 shows that Europe imported a total of 5.5 million tons of LNG in May this year, marking the lowest import levels since September, when the imports had totaled 5.4 million tons from September 1 to 21. This reflects a 32% decrease from the corresponding period last year.

In terms of mainline gas, Gassco, the offshore pipeline operator, reported that total deliveries from the Norwegian continental shelf were at 9.61 billion cubic meters in April, with an average daily delivery of 320 million cubic meters.

#EU #LNG
@songofoil

JUST IN: 🇺🇸 Congressman Tom Emmer calls to ban CBDC's and says President Biden wants to trade Americans' right to privacy for a CCP-style Central Bank Digital Currency surveillance tool.

@WatcherGuru

🇬🇾 Guyana has become a major driver of global oil supply growth

Data published by the U.S. Energy Information Administration this week showed that Guyana had the third-fastest production growth rate globally, after the United States and Brazil.

Between 2019, when oil production began in the tiny South American country, and 2023, output grew at an average annual rate of 98,000 barrels daily, taking the total from zero to 645,000 barrels daily last year.

All of Guyana’s oil currently comes from the Stabroek Block, which is operated by a consortium of Exxon, Hess Corp., and China’s CNOOC. Since the start of their operations there, the three have made 30 discoveries, tapping over 11 billion barrels in reserves. Production from the Stabroek Block is seen by Exxon reaching 1 million barrels daily in 2027.

🔎 Source
#Guyana #resources

☠️ Blood Meridian

NEW: 🇺🇸 US Congressman says CBDCs "threaten to destroy the American way of life."

"Unlike decentralized digital assets such as #Bitcoin, CBDCs are monitored by the federal government."