Nigeria's excess oil revenue rises to N610m per day
Nigeria's excess oil revenue rises to N610m per day
13 September, 2017, 00:42
Among persistent glut worries, Saudi Arabian Energy Minister Khalid al-Falih had discussions with his Venezuelan and Kazakh counterparts about the chances of extending supply cuts through March 2018.
OPEC and 10 other producers including Russian Federation first agreed late past year to cut about 2% of global oil production to drain a global oversupply that has kept prices depressed.
"If the Harvey impact was potentially and possibly short-term bullish for oil prices the same can not be said about Irma", PVM analyst Tamas Varga stated.
West Texas Intermediate crude for October delivery rose 59 cents to settle Monday at $48.07 barrel on the New York Mercantile Exchange.
OPEC's secretary-general Mohammad Barkindo said on Monday the supply cut deal was expected to help the global oil market rebalance and strong demand could further reduce oil inventories. However, the latest oil market report from OPEC showed that production increased by 173,000 barrels per day in July, after rising by 396,000 barrels in June and by 366,000 barrels per day in May, thanks largely to two exempted countries, Libya and Nigeria. Still, Hurricane Irma knocked out power to almost 4 million homes and businesses in Florida on Sunday as it drifted up the west coast of the state toward southern Georgia on Monday as a tropical storm. USA refineries hobbled by Hurricane Harvey more than two weeks ago continued to make progress on resuming normal operations, boosting demand for oil. A separate report showed that USA oil production dropped sharply to 8.78 million barrels per day due to hurricane effect.
United States commemorates the anniversary of 9/11
The United States paused for a moment of silence to remember the 9/11 attacks on the World Trade Center and the Pentagon . The Republican will speak Monday at the ceremony in Shanksville at the national memorial to the victims of Flight 93.
Manatees stranded due to Irma
Two deputies from the Manatee County Sheriff's Office arrived and helped the citizens get the manatees to safety. "We called every service we could think of, but no one answered", one member of the group writes on Facebook .
Kylian Mbappe's Childhood Idol Is A Footballing God
And a young, well, younger Mbappe has said he idolised a PSG hero: "When I was younger, Ronaldinho was my idol", via ESPN . If Friday's match is any indication then there is another troika developing - CMN (Cavani, Mbappe and Neymar ).
Crude prices are down 8.6% in the a year ago.
Opec said its pact to reduce output, which includes Russian Federation among other producers, is beginning to cut into inventories. "A similar production level is also anticipated for September", the Saudi ministry said.
"The oil market reacted to the Saudi talks", said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting toldReuters.
On September 8, energy services company Baker Hughes (BHI) released its weekly USA crude oil rig count report.
In the newly published 2018 rankings, Princeton University takes the overall No. 1 spot for the seventh year in a row. In August, NJ.com ranked TCNJ fourth on its list of "35 N.J. colleges that have the highest-paid grads".
Private Advisor Group Llc increased Vanguard World Fds (VDE) stake by 13,589 shares to 33,615 valued at $3.50 million in 2016Q4. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company.
Hundreds of angry parents protested outside the school premise who has now demanded CBI to probe into the investigation. Pradhan said on Tuesday that due to certain issues, Ryan's application was not filed with the HC registry.
With that caveat in mind, Americans appear to be making only slightly more than they were in 1999, when income last peaked. The report found that the gender gap in wages narrowed a year ago for the first time since 2007.
Apple is apparently also working on the content front and aims at bringing a large collection of movies in 4K HDR to the iTunes. Apple executive Eddy Cue said on Tuesday that all major movie studios have signed up to deliver 4K movies through the box.
This compares with the national average that has increased nearly 2 cents per gallon in the last week to $2.65. Both GasBuddy and AAA Auto Club Group survey thousands of USA gas stations across the country on gas prices.
Swansea were not let off the hook, and Lascelles rose majestically to head home from close range in the 76th minute. Rafa Benitez wasn't at the Liberty Stadium this afternoon - he's at home recovering from an operation.
Google appeals $2.7 billion European Union fine
The Commission is reviewing its Google Shopping decision in light of the ECJ's Intel ruling, according to Reuters . Following the ruling, Google said it "respectfully" disagreed and was considering whether to appeal.
Xiaomi takes on the MacBook Pro by adding back some ports
Moving on, the keyboard is backlit and the company has claimed that the keyboard area is 19 percent larger than the MacBook Pro . Its 15.6-inch display only has a resolution of 1080p, which seems a bit out of step with other high-end machines these days.
Bitcoin value plummets over Chinese trading ban rumors
China is the world's biggest cryptocurrency market , hence the ban on cryptocurrency exchanges and ICOs comes as a shock. The country makes up 23% of Bitcoin trades and interestingly some of the world's biggest Bitcoin Miners are from China.
Rams All-Pro Tackle Aaron Donald Abruptly Ends His Holdout
Donald has ended his holdout, showed up at the Rams' facility and took his physical according to ESPN's Adam Schefter . He was named 2014 AP Defensive Rookie of the year, and has been a Pro Bowl selection in each of his first three years.