UNICEF to Reduce Activities in Yemen as of September

UNICEF announced that it will be forced to reduce its humanitarian activities in Yemen next month due to a lack of funds. (UNICEF)
UNICEF announced that it will be forced to reduce its humanitarian activities in Yemen next month due to a lack of funds. (UNICEF)
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UNICEF to Reduce Activities in Yemen as of September

UNICEF announced that it will be forced to reduce its humanitarian activities in Yemen next month due to a lack of funds. (UNICEF)
UNICEF announced that it will be forced to reduce its humanitarian activities in Yemen next month due to a lack of funds. (UNICEF)

UNICEF announced that it will be forced to reduce its humanitarian activities in Yemen next month due to a lack of funds.

In a report released last Friday on Yemen’s humanitarian situation from January to June 2021, UNICEF warned that this shortfall heightened the risk of COVID-19 as well as other waterborne diseases, including cholera.

“Approximately 20.1 million people need health assistance. Women and children continue to be disproportionately affected, with 4.8 million women and 10.2 million children in need of assistance to access health services during the reporting period,” the UN agency said.

UNICEF said as of June 2021, three million people, including 1.58 million children, are internally displaced. Over 138,000 additional people have become migrants, and 137,000 people are seeking asylum abroad.

The agency said it continued its lifesaving multi-sectorial integrated Nutrition programming to address close to 400,000 children suffering from severe acute malnutrition (SAM) and 2.25 million children at risk of acute malnutrition.

“A total of 2,378,616 children under 5 years were screened for malnutrition through multiple interventions in 2021. Out of these, 109,700 children with SAM were admitted for treatment without complications in Outpatient Treatment Programs (OTPs), with an 88 per cent cure rate,” UNICEF reported, adding that 8,488 children with SAM and complications were admitted to therapeutic feeding centers (TFCs).

According to the report, the rate of displacement in the first half of 2021 notably worsened, as more than 20,000 families (140,000 individuals) were newly displaced or left their location of displacement towards a safer destination.

The highest numbers of displacements were linked to tensions resulting from conflict that were observed in 49 active frontlines across Marib, Hajjah, Taiz, Hodeidah, Al Jawf, Lahj and Dhale.

“UNICEF faces a funding gap of 49 percent. Lack of funding for emergency WASH interventions continues to undermine our integrated response,” the report said, adding that UNICEF will be forced to reduce its provision of fuel to water pumping stations in September 2021 if funding is not urgently mobilized.

It also noted that the lack of funding for emergency interventions will lead to a lack of personal protective equipment (PPE) for thousands of health care providers and will affect COVID-19 screenings for hundreds of thousands of Yemenis.

UNICEF warned that cold chain interruption will lead to the expiry of millions of doses of over ten types of lifesaving vaccines, including Polio, Measles, and COVID-19.



Oil Pares Losses on Tight Supply but Cloudy Demand Caps Gains

FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
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Oil Pares Losses on Tight Supply but Cloudy Demand Caps Gains

FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo

Oil prices inched higher on Wednesday underpinned by signs of near-term supply tightness but held near their lowest in two weeks, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025.
Brent futures rose 14 cents, or 0.2%, to $72.03 a barrel by 0745 GMT, while US West Texas Intermediate (WTI) crude futures gained 13 cents, or 0.2%, at $68.25.
"Crude oil prices edged higher as tightness in the physical market offset bearish sentiment on demand. Buyers in the physical market have been particularly active, with any available cargoes being snapped up quickly," ANZ analysts said in a note.
But falling demand projections and weakness in major consumer China continued to weigh on market sentiment, said Reuters.
"We may expect prices to consolidate around current levels for longer," said Yeap Jun Rong, market strategist at IG, adding the recent attempt for a bounce was quickly sold into.
"The absence of a more direct fiscal stimulus out of China has been casting a shadow on oil demand outlook, coupled with the prospects of higher US oil production with a Trump presidency and looming OPEC+'s plans for an output raise," Yeap added.
In its monthly report on Tuesday, the Organization of Petroleum Exporting Countries (OPEC) said world oil demand would rise by 1.82 million barrels per day (bpd) in 2024, down from growth of 1.93 million bpd forecast last month, mostly due to weakness in China, the world's biggest oil importer.
Oil prices settled up 0.1% on Tuesday following the news, after falling by about 5% during the two previous sessions.
OPEC also cut its 2025 global demand growth estimate to 1.54 million bpd from 1.64 million bpd.
The International Energy Agency, which has a far lower view, is set to publish its updated forecast on Thursday.
"The re-election of former President Trump is unlikely to materially affect oil market fundamentals over the near term, in our view," Barclays analysts wrote.
"Drill, baby, drill: this is likely to underwhelm as a strategy to drive oil prices materially lower over the near term" given that the stock of approved permits actually rose under the Biden administration, the analysts said.
However, markets would still feel the effects of a supply disruption from Iran or a further escalation between Iran and Israel, according to Barclays.
Donald Trump's expected secretary of state pick, US Senator Marco Rubio, is known for his hardline stance on Iran, China and Cuba. Tighter enforcement of sanctions on Iran could disrupt global oil supply, while a tougher approach to China could further weaken oil demand in the world's largest consumer.
Two US central bankers said on Tuesday that interest rates are acting as a brake on inflation that is still above the 2% mark, suggesting that the Federal Reserve would be open to further interest rate cuts.
The Fed cut its policy rate last week by a quarter of a percentage point to the 4.50%-4.75% range. Interest rate cuts typically boost economic activity and energy demand.
US weekly inventory reports have been delayed by a day following Monday's Veterans Day holiday. The American Petroleum Institute industry group data is due at 4:30 p.m. EST (2130 GMT) on Wednesday.
Analysts polled by Reuters estimated on average that crude inventories rose by about 100,000 barrels in the week to Nov. 8.