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Saudi Aramco cuts February crude supply to several Asian refiners

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Top oil exporter Saudi Arabia has cut supplies of February-loading crude for some Asian buyers by up to a quarter while meeting requirements of at least four others, several refinery and trade sources with knowledge of the matter said on Wednesday.

This comes after Saudi Arabia pledged additional voluntary output cuts of 1 million barrels per day (bpd) in February and March under a deal between the Organization of the Petroleum Exporting Countries and its allies, including Russia, a group known as OPEC+.

Most OPEC+ producers will hold production steady in the face of new coronavirus-induced lockdowns. Global oil prices are trading at their highest since February following Saudi’s decision.

Two North Asian refiners have received a 10% supply cut from the state-owned energy giant Saudi Aramco, sources said. February allocations for at least three Indian refiners have been cut between 15% and 26%, the sources said on the condition of anonymity.

Saudi Aramco declined to comment.

Last year, the company cut June-August shipments to Asian term buyers to comply with the OPEC+ agreement.
Saudi Arabia exported about 7 million barrels per day of crude, of which around 70% landed in Asia last year, data on Refinitiv Eikon showed.

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EU Council, European Parliament to moot Navalny’s arrest

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European leaders have reacted to the detention of Russian opposition leader Alexei Navalny at Sheremetyevo Airport, who arrived in Moscow by plane from Germany.

Within half an hour of Alexei Navalny's arrest, EU Council President Charles Michel, EU High Representative for Foreign Affairs and Security Policy Josep Borrell, and European Parliament President David Sassoli made statements on Twitter.

The issue will be discussed by the EU Council at the level of foreign ministers on January 25 and at a meeting of the European Parliament on January 18.

Charles Michel said that Alexei Navalny's detainment upon arrival in Moscow is unacceptable and that Russian authorities should release him immediately.

Josep Borrell noted the Russian government must respect Alexei Navalny's rights and release him immediately. According to him, the politicization of the judiciary is unacceptable.

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Brazil approves two COVID vaccines for emergency use

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Brazil’s health regulator has granted emergency approval to two COVID-19 vaccines as the country gears up for a mass inoculation campaign during a devastating second wave of the pandemic, Report states, citing RIA Novosti.

The Anvisa regulator on Sunday approved vaccines from China’s Sinovac Biotech and Britain’s AstraZeneca for emergency use in Brazil, which has recorded more than 209,000 deaths linked to the novel coronavirus since the start of the crisis.

Anvisa’s board of directors voted unanimously to approve both vaccines after almost five hours of deliberations.

Minutes after the vote, Monica Calazans, a 54-year-old nurse in Sao Paulo, became the first person to be inoculated in Brazil, receiving the Chinese vaccine known as CoronaVac.

According to Johns Hopkins University, Brazil has recorded more than 8.45 million cases of COVID-19 to date, the third-highest tally in the world after the United States and India.

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French Muslims send humanitarian aid to Azerbaijan

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The Muslim community of France has shown solidarity with the Azerbaijani people.

According to Report's local bureau, the Muslim Association operating in France has sent humanitarian aid to Azerbaijan.

Assistance mainly includes medical supplies and equipment.

The Association, established in 2019, is a humanitarian organization that supports Muslim countries.

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