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OPEC committed to output cuts. Extension far from done deal, survey says

first_imgThe ten OPEC members’ crude output stayed unchanged in April at 31.85 million barrels per day compared to March, according to an S&P Global Platts survey released today. OPEC is still showing high compliance with its production cut agreement, as increases in Angola and Nigeria were offset by declines from Libya and Iraq, the energy intelligence group said“OPEC members can go into their May 25 meeting in Vienna feeling good about their compliance levels. Even countries, like Iraq and the UAE, which have come in for some criticism over their production levels, moved closer to compliance in April. But an extension to the production cut agreement is far from a done deal, with many details to be negotiated, including cut levels, exemptions and duration, amid an increasingly skeptical market. OPEC still has much to discuss,” said Herman Wang, OPEC Specialist, S&P Global Platts.Thus, the April production figures in the S&P Global Platts survey and the five other secondary sources used by OPEC to monitor output will be some of the final data points that the organization considers at its meeting. OPEC’s collective April output was some 80,000 b/d above its stated ceiling of 32.5 million b/d, when Indonesia, which typically produces about 730,000 b/d, is added in. Indonesia suspended its OPEC membership in November and is not included in the S&P Global Platts survey estimates for 2017.OPEC’s largest producer Saudi Arabia averaged 9.97 million b/d in April, according to the survey, below its quota under the deal of 10.058 million b/d. The kingdom is seen as a driver of OPEC’s production cut deal, with energy minister Khalid al-Falih saying at a conference in Abu Dhabi last month that there appeared to be a growing consensus on a need to extend the cuts, as global inventories remain stubbornly high.Iraq, which has faced criticism for not fully complying with its required cut, produced 4.36 million b/d in April, the survey found, as the Taq Taq field in the Kurdistan Region of the country has seen output decline, while exports from Iraq’s Persian Gulf terminal also fell during the month. The country’s April output is 9,000 b/d above its quota under the deal, the closest it has been to compliance. Over the January through April period, however, its average remains 60,000 b/d above its quota, the highest among OPEC members.Iran, which is allowed a slight output increase under the deal, held production steady in April at 3.77 million b/d, the survey found, below its quota of 3.797 million b/d. The UAE, also under pressure from fellow OPEC members to come into compliance with its quota, lowered production slightly to 2.84 million b/d, down 10,000 b/d from March, the survey found.Exemptions in FocusAngola saw new production come online in its offshore East Hub development, with the country’s output rising 80,000 b/d in the month to 1.68 million b/d. Nigeria, meanwhile, ended maintenance on key export grade Bonga in April, with production at the field ramping up throughout the month. The country’s output averaged 1.65 million b/d in April, according to the survey.In Libya, a blockade of a pipeline from the Sharara field to the Zawiya terminal in the country’s west by a militia knocked production down significantly in the month to 550,000 b/d. Libya’s National Oil Company declared force majeure on Zawiya on April 9, but NOC Chairman Mustafa Sanalla last week announced that a deal had been struck with the Petroleum Facilities Guard militia to reopen Sharara, as well as the nearby El Feel field. Nigeria and Libya, both impacted heavily by militancy over the last year, are exempt from the production deal, which led some OPEC watchers to doubt the effectiveness of the agreement, if production from the two countries were to recover and offset any cuts. But the two countries’ combined January-April average output of 2.273 million b/d is just 6,300 b/d higher than their October levels, according to the S&P Global Platts survey.Strong complianceOf the 11 members of OPEC that have a quota under the deal, compliance is 117%, based on January through April averages. If Iran is not included, the 10 members of OPEC required to cut production have achieved a collective 105% of their cuts, based on January through April averages. Since the deal covers an average of January to June output, month-to-month fluctuations are to be expected. The S&P Global Platts estimates were obtained by surveying OPEC and oil industry officials, traders and analysts, as well as reviewing proprietary shipping data.In concert with OPEC, 11 non-OPEC countries led by Russia have also agreed to cut output by a combined 558,000 b/d in the first half of 2017, with many of those countries phasing in their reductions or relying on natural declines. Russia last week announced it had reached its commitment to cut 300,000 b/d. Ministers from those 11 non-OPEC producers will also be meeting in Vienna with OPEC on May 25 to review their participation in the deal and any extension.Source:  S&P Global Plattslast_img read more

Euthanasia – It’s Time To Make A Submission – Here’s All The Info You Need

first_imgYes – we know that Christmas is just around the corner – and probably the last thing you want to do is think about euthanasia / assisted suicide.But the Select Committee considering David Seymour’s euthanasia bill (whose members interestingly ALL voted for euthanasia in the 1st Reading!) have set the deadline for submissions as soon as 20 February 2018. They seem to be hoping that you’ll be too distracted by the festive and holiday season to get around to making a submission against the bill. Let’s disappoint them!So we’ve done all the ‘prep work’ for you. Our 16-page Submission Guideline resource contains:1. the key reasons why the current laws on suicide / assisted suicide / euthanasia should be maintained. This will help you get started with ideas for your submission2. a critique of the key part of the specific law change proposed by Seymour3. the key information you need to include, the ways you can send your submission in, and other relevant details.Q: I made a submission to the recent Inquiry. Do I need to make another submission to the Inquiry?A: YES! This is a separate consideration which involves a potential law changeQ: So can I use similar material to what I did in my previous submission?A: Absolutely, although we would encourage you to read our resource first to refresh your mind and to take into account the specifics of the proposed law changeQ. Just remind me – what’s the latest date I can make a submission?A: You have until 20 February 2018 (but why not do it this weekend!) Then you can have a total break in January. The beginning of the year can always be a bit chaoticQ. I’d like to make this info available to friends and family. Is there a printed pamphlet that I can distribute?A: Glad you asked! Yes we are printing the Submission Guideline and distributing in January (or as soon as you get back from holiday). Use the link below to place orders for your group / church / organisation.READ THE SUBMISSION GUIDELINESORDER COPIES OF THE PAMPHLET FOR YOUR GROUP / CHURCHEmail Denise@familyfirst.org.nz with the following details.Name:Name of Group / Church / Organisation (to avoid double ups):Delivery Address:Contact phone number:Quantity requested:No cost – although any donation towards printing and postage gratefully received!last_img read more

Ronaldo is the best of all time – Eto’o

first_img Loading… Samuel Eto’, now an observer on the playing fields, had an interview with ‘Sky Sport’ which he was asked to do as an ex-Inter player.Read Also: Serie A: Red-hot Ronaldo sends Juve four points clearThe ex-Cameroon striker spoke about the comparison between Inter and Juventus. “I see Juve and… I don’t know. They have Cristiano Ronaldo, the best of all time, or Dybala, another phenomenon, but I would like to see the Sarri of Empoli again”, he assured.All this because Eto’o hopes the Italian coach will bring something more to Juve: “He’s different from when he was at Empoli or Chelsea. Today we don’t see coaches like Guardiola making their teams play, maybe risking losing, but still making the fans enjoy themselves”.FacebookTwitterWhatsAppEmail分享 Samuel Eto’o offered an interview to ‘Sky Sport’ in Italy in which he spoke about the past and future of Inter Milan. Still, in the comparison with Juventus, the name Cristiano Ronaldo came up, who the Cameroonian called “the best of all time”.Advertisementcenter_img Promoted Content10 Risky Jobs Some Women DoWhat Is A Black Hole In Simple Terms?The 18 Most Visited Cities In The World6 TV Shows That Got Better After A Major Character Had Left5 Of The World’s Most Unique Theme ParksBest & Worst Celebrity Endorsed Games Ever MadeWho Is The Most Powerful Woman On Earth?What Happens To Your Brain When You Play Too Much Video Games?7 Mind-Boggling Facts About Black Holes7 Universities Where Getting An Education Costs A Hefty Penny7 Truly Incredible Facts About Black HolesWho’s The Best Car Manufacturer Of All Time?last_img read more

Overstock CEO Resigns Amid “Deep State” Comments and Affair With Russian Spy

first_imgThe founder and CEO of Overstock is resigning after admitting an affair with a Russian spy Maria Butina, a Russian citizen convicted of crimes associated with the 2016 election and for talking about the deep state investigation. Patrick Byrne resigned yesterday after 20 years with the online discount retailer.Byrne told Fox News’ Martha Maccallum that he was involved in an FBI probe into investigations of Russian interference in the 2016 election. Overstock chairman Jonathan Johnson has been named interim CEO.last_img read more

Khan spins Red Force to 172-run crushing of Volcanoes

first_imgST GEORGE’S, Grenada (CMC) – Leg-spinner Imran Khan’s five-wicket haul led Trinidad and Tobago Red Force to a 172-run crushing of Windward Islands Volcanoes here, yesterday, as they hauled themselves off the bottom of the Regional four-day standings.Set an improbable 375 for victory at the National Stadium, Volcanoes folded for 202 in their second innings with the 32-year-old Khan picking up five for 67 – his 16th five-wicket haul in first class cricket.He received great support from off-spinner Bryan Charles with four for 79 in only his second first class game and second in two years.Veteran opener Devon Smith failed to convert his overnight 41 into a score of substance, falling for 49 and it was left to Shane Shillingford with 46 to give the total some respectability.Rookie Taryck Gabriel added just eight to his overnight 24 while wicketkeeper Sunil Ambris got 24.Resuming the final morning of the sixth round clash on 68 for one, Smith and Gabriel extended their second-wicket stand to 80 before being separated, when Gabriel departed in the 10th over.His dismissal set in train the slide which saw three wickets fall for 10 runs in the space of 18 deliveries.Ambris then propped up the innings in a 36-run fourth-wicket stand with captain Liam Sebastien (21) but Khan struck just as the partnership was threatening, removing both batsmen in successive overs.Tottering on 134 for six at lunch, Volcanoes were lifted afterwards by Shillingford who went on the attack, smashing two fours and four sixes in a 65-ball knock.He put on 34 for the eighth wicket with Delorn Johnson (5) but once they were separated, Red Force quickly wrapped up the tail.last_img read more

Roundup

first_imgThe following incidents were reported in the USC Dept. of Public Safety incident report summary of Tuesday, Oct. 10.Crimes against propertyAt 4:45 p.m., DPS officers responded to a student who reported that he discovered his bicycle, which he had previously reported stolen, secured to a rack outside Mark Taper Hall of Humanities with a lock that did not belong to him. The officers confirmed that the bike was registered to the student and when they contacted the student who had locked it to the rack he claimed that his mother had purchased it for him. The bike was then confiscated by the officers and returned to the original owner.Miscellaneous incidentsAt 9:08 p.m., DPS officers responded to a traffic collision at 2600 Hoover Street involving two vehicles, one of which was driven by a student. The non-USC female driving the second vehicle did not complain of any injuries, but she was pregnant and an LAFD RA unit was requested as a precaution. RA Unit #15 responded and examined the female, then transported her to California Hospital Medical Center for medical treatment. The student was not injured. LAPD officers were also requested and responded to conduct a traffic investigation.At 7:47 p.m., a staff member reported that he advised a suspect who was loitering outside the Carol Little Building to leave the premises. The suspect complied, but stated that he will return and his demeanor caused the staff member to fear for his safety.At 6:26 p.m., DPS officers responded to an intoxicated non-USC female who passed out in a restroom at James H. Zumberge Hall of Science. The female was unresponsive when contacted by the officers, so an LAFD RA unit was requested. RA Unit #46 responded and examined the female, then transported her to California Hospital for medical treatment.last_img read more

What we learned from Syracuse’s 93-60 loss to St. John’s

first_imgSyracuse will need some upsets in Atlantic Coast Conference playBoeheim’s squad is now in unchartered territory with a record number of nonconference losses. A year ago, the Orange barely snuck into the NCAA Tournament as a No. 10 seed with three nonconference losses as well as wins over Texas A&M and Connecticut.AdvertisementThis is placeholder textAfter losing on Saturday against Georgetown, SU eliminated essentially any margin for error in Atlantic Coast Conference play. Following the loss to St. John’s, not only will Syracuse need to win every game it’s supposed to, it will without a doubt also have to upset some teams. Six ACC teams currently rank in the Associated Press Top 25 while three others received votes. SU didn’t receive a single vote this week.If there’s any silver lining to playing in arguably the toughest conference in the country, it’s that the Orange can play its way back into contention. But as of now, Syracuse is in bad shape.“We can’t win many of those games, the way we’re playing right now,” SU head coach Jim Boeheim said. “That’s what I see.”Jim Boeheim is willing to take the heat for Syracuse’s strugglesAfter the game on Wednesday, Boeheim, unprompted, said the loss was on him.“I didn’t get them ready to do what we needed to do,” Boeheim said. “We just didn’t execute on defense or offense. St. John’s did. That was the game.”When a reporter followed up about the loss being his fault, Boeheim said, “I don’t think I (do know what I’m doing) with this team because they’re not doing what we need to do to win.”Boeheim hasn’t been shy to point out specifics in what’s been wrong with SU this year. After losing to Connecticut, he said his team’s offense was “horrendous.” After losing to Georgetown, he said guard play had to improve.Andrew White’s inability to get going throws the offense out of rhythmWhen Andrew White is shut down, so is SU’s offenseEntering Wednesday, fifth-year senior transfer Andrew White had scored in double-figures in every game this season. For the first time all year, he was shut down. St. John’s played a box-and-one against him and Malik Ellison rendered White ineffective.White averaged almost nine 3-pointers attempted coming into Wednesday night’s game but only took two against the Red Storm. His lone bucket came with 16:49 left in the second half on a tip-in following his own missed layup.After the game, White said it was the least amount of space he’s had all season and that him being shut down threw the whole team out of rhythm. Tyler Lydon scored 16 points, but other than that only Taurean Thompson and Dajuan Coleman reached double figures just two days after eight players did the same.“Gotta give a lot of credit to their coaching staff,” White said, “They drew up a great game plan.” Comments Facebook Twitter Google+ Published on December 21, 2016 at 11:59 pm Contact Paul: pmschwed@syr.edu | @pschwedscenter_img Syracuse suffered its worst home loss in the Jim Boeheim era on Wednesday night, a 93-60 thumping at the hands of St. John’s (6-7) in the Carrier Dome. The Orange dropped to 7-5 on the year marking the first time in program history SU has lost five nonconference games.Here’s what we learned from the contest.MORE COVERAGESuperlatives from Syracuse’s 93-60 blowout loss to St. John’sSyracuse’s season descends into disarray in historic, 93-60 loss to St. John’sAndrew White scores 2 points, has season-worst performance in blowout loss to St. John’sThe Final Word: Beat writers discuss Syracuse’s big loss, 93-60, to St. John’slast_img read more

Babers: Eric Dungey’s ‘reckless’ play not seen as a problem for Syracuse

first_img Comments After seven games of less aggressive play, Eric Dungey rekindled memories of his style over the previous two seasons. In trying to extend plays to keep SU competitive with No. 8 Miami last week — despite four first-half interceptions — Dungey took several hits that resurfaced whether his best attribute arguably puts him in harm’s way. Down 14 in the third quarter on Saturday, he tried to jump over a Miami defensive back. He didn’t get as a high as he would have liked. What resulted was a WWE-style dropkick that put his knee into the defender’s facemask. Both players were not injured on the first-down conversion. Syracuse (4-4, 2-2 Atlantic Coast) head coach Dino Babers said Wednesday morning on the ACC teleconference that “it’s just the way he is,” citing Dungey’s elusiveness and ability to make plays. The junior ranks 13th in the country in passing yards and second in the ACC behind Lamar Jackson, last year’s Heisman Trophy winner. Dungey also leads SU in rushing. “Dungey’s the straw that stirs our drink,” Babers said. “I think he is the way he is. We tell him to be smart … You want to have a horse that’s special. You don’t want to just have a guy who’s behind center and nobody knows his name.” Published on October 25, 2017 at 1:11 pm Contact Matthew: mguti100@syr.edu | @MatthewGut21 Facebook Twitter Google+ Against the Hurricanes secondary, Syracuse receivers struggled to get open against man coverage. The offensive line could not block the Miami front four, which attacked Dungey for six QB hurries and four sacks. After his third interception in the first half, Dungey was 1-for-10 with 12 passing yards and a -39.9 quarterback rating. He finished the game 13-for-41 with a season-low 137 passing yards.As a result, SU’s most effective offensive approach came from Dungey’s legs. He ran for more yards (100) than he has in any game since Week 3. That included a pair of broken-play first-down pickups that set up Moe Neal’s touchdown to bring Syracuse within four of the undefeated Hurricanes in the third quarter. When asked after the Miami game about the holes he found via the ground, Dungey credited the offensive line. “That’s just the guys,” Dungey said. “Everybody was positive. We know what we can be. The defense played a great game. Offensively, we need to help them out.”On the season, Dungey is averaging 60.8 rushing yards per game, a significant increase from both a year ago (32.6 rushing yards per game) and 2015 (43.9).Alexandra Moreo | Photo EditorSyracuse has four games remaining on the schedule. Due to upper-body injuries, Dungey has missed the final three games of each of the past two seasons at SU. The Orange is 1-5 in those games. Before the season, Babers and Dungey said there is no concern over whether his play puts him at risk. Before the Clemson game earlier this month, Babers said there is “zero” hesitation regarding Dungey running against the Tigers. This week, Babers reaffirmed his stance that Dungey will not compromise his ability to extend plays.“The energy we get from him is the way he competes,” Babers said after SU’s 27-19 loss at Miami. “Don’t you get energy from the way he competes? When you’re watching him, you’re going wow, O-M-G. He’s furious. He’s reckless. And we love him.”Additional notes from Babers’ ACC teleconference:On team injuries during the bye week: “We’re really banged up … it’s a great opportunity for a bye.”Babers said defensive linemen Kendall Coleman and Josh Black, who have not played since Sept. 23, have not been running in practice. Best-case scenario is they get 10-25 snaps during the Florida State game on Nov. 4. On last year’s 4-8 season: “I thought one of the things we did wrong last year was (talk about) bowl games before winning games.”last_img read more

Ronaldo’s Hat-trick Sends Juventus into Q’final

first_img*Man City Hammers Schalke 7-0 to reach knock out phaseCristiano Ronaldo’s hat-trick overturned a 2-0 first-leg deficit against Atletico Madrid as Juventus advanced to the UEFA Champions League last eight last night in Turin.The competition’s all-time leading goal-scorer with 124 goals opened his account with a close-range header from Federico Bernardeschi’s cross. He nodded in a second after the break from Joao Cancelo’s delivery.And his third came from a penalty after Bernardeschi was fouled in the area.It was Operation Cristiano Ronaldo in all its glory.Without the Champions League trophy since 1996, Juventus turned to the man who has caused them – and so many others – so much heartache and a man who is never far away from the trophy.Just look at Real Madrid without him. Stunned by Ajax. But for Juventus, they are profiting immensely. Having fallen flat in Madrid, there was never a worry he would miss the mark again.Elsewhere last night, Manchester City thrashed Schalke 7-0 in the second leg of their Champions League last-16 tie to confirm their passage to the quarter-finals.Sergio Aguero opened the scoring from the spot and added a second three minutes later when Raheem Sterling’s back-heel set him up from six yards.Leroy Sane drilled in the third and picked up a hat-trick of assists after the break as City ran riot.Sterling, Bernardo Silva, Phil Foden and Gabriel Jesus also scored.After slotting into the far corner in the first half, Sane set-up Sterling with a wonderful curling cross that the England forward smashed into the top corner.Silva pounced on Sane’s cut-back to make it 5-0 before substitute Foden rounded the goalkeeper after he was played in by the German winger. Jesus made sure he had a slice of the pie with a late curling strike.City, who came from behind in the first leg in Germany to win 3-2, were knocked out in the quarter-finals of last year’s competition by Liverpool and have never won the Champions League.The draw for the last eight will take place on Friday at 11:00 GMT.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

2017 AfroBasket Women: D’Tigress Crush Guinea 106 – 33 To Maintain Unbeaten Run

first_imgD’Tigress of Nigeria crushed the Guinean female basketball team 106 – 33 to earn their fourth win in as many games at the 2017 AfroBasket Women Championships in Mali.Evelyn Akhator yet again spearheaded the onslaught, scoring 24 points, with Sarah Ogoke and Nkechi Akashili also scoring 13 and 12 points respectively.Nigeria, alongside title favourites, Senegal and Angola have already qualified for the quarter finals having beaten Mozambique, DR Congo and Egypt in their first three games.Points Per Quarter1st: Nigeria 26-8 Guinea2nd: Nigeria 22-4 Guinea3rd: Nigeria 34-8 Guinea4th: Nigeria 24-13 GuineaRelated2017 AfroBasket Women: Unstoppable D’Tigress Cruise Past Egypt 106 – 72, Book QF SpotAugust 20, 2017In “National Team”D’Tigress Perfect Group Record Ignites Hope Of Third AfroBasket Women’s TitleAugust 24, 2017In “National Team”2017 AfroBasket Women: D’Tigress Edge Past Mali 48-47, Through To The Final & FIBA World CupAugust 26, 2017In “Nigeria”last_img read more