techkenyot.com
techkenyot.com June 25, 2018


Trump bashes OPEC for 'high' oil prices

13 June 2018, 07:55 | Hattie Nash

Pumped further by global trade war fears, oil prices have since surged to multi-year highs, only to then fall back again somewhat, the IEA said.

"Glad you noticed. We wrote you last month asking for action", Schumer said, including a copy of a letter in which he and three other Democratic senators called on Trump "to use all of your authority" to pressure OPEC to increase world oil supplies.

OPEC's crude oil production increased by 35,400 bpd from April, to 31.869 million bpd in May, as Saudi Arabia, Algeria, and Iraq boosted production that was partially offset by lower production in Nigeria, Venezuela, and Libya.

Earlier in the session, Brent and USA crude had retreated on concerns about rising production in the United States and expectations that OPEC and other producers could relax voluntary output cuts.

First ‘Wonder Woman 2’ Images Reveal the Return of Chris Pine
Filming is scheduled to take place in Washington, D.C.; Alexandra, Virginia; the United Kingdom; Spain; and, the Canary Islands. Wonder Woman 1984 director Patty Jenkins just announced the news on Twitter by sharing the first official photo from the movie.

Brent futures for August settlement declined as much as 62 cents to $75.26 on the London-based ICE Futures Europe exchange, after sliding 0.8 percent on Tuesday.

Oil prices have risen by around 60 per cent over the a year ago after the Organization of the Petroleum Exporting Countries and some non-OPEC producers, including Russian Federation, started withholding output in 2017 to reduce excess supply.

In the United States, the American Petroleum Institute said on Tuesday crude oil inventories rose by 830,000 barrels in the week to June 8, to 433.7 million. "Put the exports of crude on top of that, and it's just a really bullish report".

His tweet comes in advance of a meeting of the Organization of the Petroleum Exporting Countries and Russian Federation planned for June 22 in Vienna to discuss easing supply caps that have been in place since the beginning of 2017. Prices have risen around 60 per cent over the a year ago.

Government wins Brexit bill vote after concessions
Conservative lawmaker Phillip Lee resigned as a justice minister Tuesday so he could speak out against the policy on Brexit. The government averted a rebellion on Tuesday over whether Parliament should have a decisive say in such a scenario.

"To make up for the losses, we estimate that Middle East OPEC countries could increase production in fairly short order by about 1.1 mb/d and there could be more output from Russian Federation on top of the increase already built into our 2019 non-OPEC supply numbers", it added.

The agency is forecasting global oil demand will grow by 1.4 million barrels per day (bpd) in 2019 - topping 100 million bpd in the second quarter of the year.

Rising oil output by the world's third biggest producer, the USA, is also affecting prices.

Fund manager Pierre Andurand at Andurand Capital is bullish.

French farmers to stage refinery blockade
Total's initiative to import palm oil for its biofuel plant was just "the last straw", the representative added. Monday, Christiane Lambert, president of the FNSEA said in an interview with France Info television.



Other News

Trending Now

Release date, trailer and details
Bethesda's sci-fi survival horror game Prey just received a free update, released on the same night as its announcement. Despite this, many remain hopeful, as Bethesda have built on settlement creation tools and added more crafting options.

World Cup 2018 opening ceremony performers, start time and how to watch
Russian Federation will host the World Cup four years after it spent a record $50 billion to host the Winter Olympics in Sochi. Madeline Farber is a Reporter for Fox News.

Portugal cliff deaths: Victims identified as Perth couple
The British Foreign Office is in touch with the Australian Department of Foreign Affairs and Trade about the deaths. The beach at Pescadores is surrounded by cliffs and a 30-metre high wall covered in shrubs.

‘No relationship with their father is harmful’: Angelina Jolie may lose custody
In the papers, the court has outlined a summer schedule which details how often Pitt should see his brood over the coming months. The actress now has sole custody of Maddox , 16 Pax , 14, Zahara , 13, Shiloh , 12, and 9-year-old twins Vivienne and Knox .

UK Brexit minister says parliament vote cannot reverse Brexit
That clause - drafted by Grieve - basically hands a lot of power to Parliament if no deal has been agreed by the end of November. Also on Tuesday, the government successfully overturned an attempt to remove the date of Brexit from the face of the bill.

Navarro apologizes for 'special place in hell' remark about Canada's prime minister
From a big-picture perspective, there are concerns about how the rest of the world sees the United States globally, he added. The summit ended in disarray: US President Donald Trump said the US would not endorse the joint statement from the summit .

The United States, Mexico And Canada Will Host The 2026 World Cup
According to a report in the Free Press Journal , Brazil even promised to look after India's expenses during the World Cup. Officials have already talked of staging three games, one in each of the three countries, to kick off the tournament.

The Raptors Have Found Their Next Head Coach
Casey, who had led the Raptors to three consecutive 50-win seasons, was named coach of the Detroit Pistons on Monday. So, their final two candidates were current assistant coach Nick Nurse and Spurs assistant Ettore Messina.

Raccoon reaches roof of Minnesota office building as crowds watch
Just before 3:30 Central time, the raccoon climbed up another story, then settled for another rest on a window ledge. We certainly hope this all ends happily, but we can't say exactly when that will be.

R.Carlos picks out one English player with Brazilian swag
They're very good players, but at certain points in seasons and tournaments, you have to step up . However, Southgate deploys Alli slightly deeper to see the more of the field ahead of him.