Miércoles, 23 Agosto, 2017

Oil Set for Longest Run of Weekly Losses Since 2015 Amid Glut

Oil Set for Longest Run of Weekly Losses Since 2015 Amid Glut Oil Set for Longest Run of Weekly Losses Since 2015 Amid Glut
Malita Javier | 19 Junio, 2017, 05:03

Canada's oil-sands will increase production rapidly in the next three years, ranking only behind US shale as the biggest contributor to global supply growth.

On Thursday, oil prices hit six-month lows.

Oil prices tumbled to the lowest level in seven months Wednesday, as high oil inventories continued to erode confidence in the ability of major producers to ease a global supply glut. They remained roughly 13% below, when producers led by the OPEC extended a pledge to cut manufacturing by 1.8 million bpd by an extra nine months until the end of the 1st quarter of 2018. Crude output climbed, while nationwide crude inventories fell less than predicted.

U.S. gasoline inventories rose 2.1 million barrels last week, putting them 9 percent higher than their five-year average for this time of year, according to the U.S. Energy Information Administration (EIA).

Seminoles' meltdown in field helps LSU post 5-4 win in CWS
Coomes was 2-for-2 with a walk before being lifted for a pinch runner - Slaughter - after leading off the seventh with the walk. The Seminoles (45-22) had runners on first and second in the ninth when Zack Hess ended the game with a strikeout of Busby.

Brent crude oil fell 30 United States cents to $46.70 a barrel, its weakest since May 5 and just above six-month lows, before recovering a little ground to trade at $46.80 by 7.55am GMT. A rise in United States crude oil exports could have also contributed to the fall in inventories.

Oil held losses below $45 a barrel after sliding to the lowest in seven months as US gasoline supplies unexpectedly rose for a second week.

Crude prices have fallen by more than 10 percent since late May, pulled down by an supply glut that persists despite a move led by the Organization of the Petroleum Exporting Countries (OPEC) to cut production by nearly 1.8 million barrels per day (bpd) until the end of the first quarter of 2018.

Oil prices fell on Wednesday after data showed a build in US crude stocks and OPEC reported a rise in its production despite its pledge to cut back on output. The global benchmark crude traded at a premium of $US2.18 to August WTI. Additionally, the IEA projects that non-OPEC nations collectively will expand their output by 700,000 B/D in 2017 and 1.5 million B/D in 2018, slightly more than the forecasted growth in global demand.

Russia Win Confed Cup Opener
Hosts Russia kicked off their Confederations Cup campaign with a comfortable Group A victory over New Zealand in St Petersburg . Mexico midfielder Carlos Vela got to the ball near the far post and sent it to the middle of the area for Chicharito's goal.

Energy services company Baker Hughes said last Friday that US drillers last week added rigs for the 21st week in a row, the longest such streak on record.

OPEC said Tuesday, that output from the group rose by 336,000 barrels per day in May to 32.14m barrels per day.

"Opec 2017 year-to-date exports are only down by 300,000 barrels per day from the October 2016 baseline", analysts at AB Bernstein said.

India take on Pakistan in final of ICC Champions Trophy
Arthur, a former coach of both his native South Africa and Australia, labeled Pakistan's performance that day as "shambolic". Hasan Ali bowls with a big heart. "No batsman goes out there to throw his wicket, no bowler wants to give away runs".

Recommended

  • Cristiano Ronaldo 'tells Real Madrid teammates he is leaving'

    Morata has already agreed to join Jose Mourinho's side this summer but United are yet to settle on a fee with Madrid , despite talks this week .

    Traders Buy Large Volume of Call Options on Utilities SPDR (XLU)

    Financial Select Sector SPDR Fund (NYSE:XLF) was the recipient of unusually large options trading activity on Tuesday. Financial Select Sector SPDR Fund ( NYSE XLF ) traded down 0.11% during midday trading on Friday, hitting $24.29.
    De último minuto, México rescata el empate con Portugal

    De último minuto, México rescata el empate con Portugal

    Esto porque a los 86' Cédric puso en ventaja a los lusos, con un tanto que también debió ser supervisado por el VAR. El 1-0 fue gracias a un autogol del defensor Michael Boxall al 31'.
  • Grenfell Tower residents condemn 'invisible' estate managers

    The fire broke out at the 24-storey block, which contained 120 one- and two-bedroom flats, shortly before 1 a.m. on Wednesday. The identification of the victims is proving very hard - which experts attribute to the extreme heat of the fire.

    US Open 2017: victor to bring home record-$2.16 million purse

    The much-maligned site of this year's national championship has been giving up birdies and low scores, very unlike a U.S. The nearest challengers to Harman include a man who made history on Saturday with the lowest score to par in U.S.

    Gingrich: A president "cannot obstruct justice"

    That came a little over a month after he tweeted , " Robert Mueller is superb choice to be special counsel. We've had no indication of that", Sekulow added .
  • Infantino: Not time to think about future of Confed Cup

    At yesterday morning's game, there were two pre-game stadium announcements warning fans against discriminatory behaviour. Russian Federation deserved its first-half lead after twice having shots stopped on the line in the opening 10 minutes.

    Champions Trophy 2017: Pakistan crush India with devastating bowling display

    On a lifeless wicket, Pakistan got a muchneeded lifeline early on in their innings and they kicked off from that point. Asked if Pakistan's victory was a big moment for the region, he said: "I congratulated them in the post-match".
    Rep. Scalise's Condition Improves, Upgraded to 'Serious'

    Rep. Scalise's Condition Improves, Upgraded to 'Serious'

    Jack Sava, director of trauma at MedStar Washington Hospital Center said at a news conference Friday afternoon. He suffered massive blood loss and was at "imminent risk of death" upon arriving at the hospital Wednesday.
  • Thomas shoots 63, trails Harman by one at US Open

    With so many golfing stalwarts banished, Thomas stepped into the breach with a game as flashy as the pink trousers he wore. The Florida State product's five birdies included three, 2-putt birdies at 1, 14 and 18, contributing to 32 total putts.
    London mayor joins church service to remember Grenfell Tower victims

    London mayor joins church service to remember Grenfell Tower victims

    May's response has been contrasted with that of Corbyn, who hugged locals at the estate during his visit on Thursday, and the royals who met residents and volunteers on Friday.

    Empate de México con sabor a victoria contra Portugal

    Un gol de Héctor Moreno a los 91 minutos le dio al Tri la igualdad 2-2 ante los lusos. El 'Tri' mantuvo la posesión de la pelota pero fue poco profundo en ataque.

Fakhar, Amir sparkle as Pakistan stun India He didn't show any nerves which Pakistan usually do against India . "Mohammad Amir is fit and he is back." says Sarfraz Ahmed. He dismissed Rohit Sharma (nought), India captain Virat Kohli (five) and Shikhar Dhawan (21) in a stunning new-ball spell.

Trump Administration trying to 'weaken' and 'dilute' bipartisan Russian sanctions The legislation still must pass the Republican-led House of Representatives and be signed by President Donald Trump to become law. The two senators who voted against the measure were Republicans Rand Paul (Ky.) and Mike Lee (Utah).

Trump Confidant: Ruddy Hurt Trump's Ability To Fire Mueller Spicer had said that Ruddy was at the White House Monday to meet with White House aides, but did not speak with the president. Trump supporters such as Newt Gingrich and others have seemed to be greasing the wheel for the eventual ouster of Mueller.

Iran arrests dozens of IS 'agents' Iran arrests dozens of IS 'agents' Documents and equipment "for carrying out terrorist operations" were also seized, the ministry said in a statement . The Daesh terrorist group claimed responsibility for the attacks.

Champions: Pakistan cricket team congratulated, showered with praise But just when it seemed good for the Pakistan team , Malik played a loose short off pacer Bhuvneshwar Kumar and gifted his wicket. It proved to be a costly no ball as Fakhar goes on to score his first worldwide century before falling for 114.

United Kingdom police: 58 presumed dead in Grenfell Tower blaze Around 70 people are missing, according to Britain's Press Association, and identification of the victims is proving very hard . The inquest into the 2009 fire at Lakanal House in Camberwell, South London , in which six people died, took four years.

DAG Rosenstein Considering Recusal from Russia Investigation Vice President Mike Pence also has retained a private attorney for the Russian Federation probes, according to a Pence spokesman. The White House has directed questions for details to outside legal counsel, which has not responded.

US President says no proof on 'collusion' with Russians US President says no proof on 'collusion' with Russians Sad!" he wrote. "Despite the phony Witch Hunt going on in America, the economic & jobs numbers are great. Trump's tweet comes less than a day after a odd statement from a senior official in his administration.

At least 58 likely dead in London fire Police have said it could take months to search the building and some victims might never be identified. Metropolitan Police Stuard Cundy said: "Sadly, our work will be ongoing for many, many weeks".

Last group tees off at US Open Harman closed with two birdies and three tough pars for a 5-under 67 that gave him a one-shot lead at 12-under 204. Fresh off his record-breaking third round, Justin Thomas is tumbling down the leaderboard at the U.S.

Democrats win Baseball Game, hand trophy to Republicans in honor of Scalise Democrats win Baseball Game, hand trophy to Republicans in honor of Scalise Fellow Special Agent David Bailey was not shot but was treated and released after suffering an injury during the incident. The congressman sustained "substantial damage" to organs and blood vessels, Sava said, and remains in intensive care.

Everything you need to know about the Grenfell Tower fire protest Everything you need to know about the Grenfell Tower fire protest Scuffles broke out near the building, with demonstrators chanting "we want justice!" as they surged toward the doors. He said the search of the gutted block might take months and some victims might never be identified.

The Xbox One X is not the console for everyone The Xbox One X is not the console for everyone However, despite-or, perhaps, because of-its high price tag, the company is not making any profit from it yet, reports said. People are turning 13 or 14 years old every day, and they need their first game console, and Xbox One S is a great option".

Money In The Bank: Women's Ladder Match Odds Released It's a melding of the real-life Titus O'Neil, who is among the most socially conscious WWE performers, and the character. So with it coming down to 'Nak and Corbin, I say Corbin if they want to give him a few months of holing the belt.

Pakistan crushes India to win Champions Trophy Lot of credit also goes to senior players like Hafeez bhai (Mohammed Hafeez) and a brilliant spell from Amir, said Sarfraz. Pakistan will be out for revenge while India will aim to maintain their dominance when the arch-rivals meet in the final.