Jan 17 2017
The report by Goldman Sachs stating that U.S. oil production is expected to increase this year by 235,000bpd also served as deterrent for oil prices.
Opec may not need to extend a six-month agreement with non-Opec members to pare oil output because demand is rising and compliance with cuts is high, the Saudi oil minister said on Monday. Brent has gained more than 20% since OPEC members reached a deal in Vienna on November 30 to erode their collective output by around 1.2 million barrels per day.
OPEC has agreed to cut production by 1.2 million barrels per day to 32.5 million barrels per day from January 1, trying to reduce the oil supply glut and boost prices.
Falih's words were also not entirely positive.
Oil Minister of Iran predicted that each baller of oil will be sold at 55 dollars adding "commitments of OPEC members to cap output became operational as of January 01".
Investors have doubted that OPEC and its allies can trim output enough to push up prices.
United States appeals court revives Apple App Store antitrust lawsuit
A United States appeals court has revived a lawsuit that accuses Apple monopolizing the sale of iOS applications using App Store. Allegations in regards to the App Store "monopoly" have yet to be heard by the courts, with the suit now able to proceed.
Carrie Fisher's death certificate confirms heart attack
Fisher's daughter Billie Lourd is listed as the notifying party and the certificate lists "writer" as Fisher's main occupation. The iconic actress, who was 60, was transported from the airport to the UCLA medical centre, but never regained consciousness.
Fifa World Cup to feature 48 teams from 2026
The FIFA Council unanimously supported the proposal and Infantino has said that FIFA will back any such bids put forward. Infantino said it had not yet been decided whether penalty shootouts could be used to decide drawn group-stage matches.
West Texas Intermediate (WTI) crude oil futures for delivery in November were 0.2% higher at $50.87 per barrel during Wednesday's pre-market trading session while Brent oil futures for delivery in December were 0.1% higher at $52.48 per barrel. In an attempt to assure compliance, OPEC set up an oversight committee to keep participating nations' production in check.
Total global LNG consumption is projected to be 422 million tons in 2030, nearly two-thirds higher than last year's level.
"No matter what encouraging statements come out, there will be a credibility gap based on past non-compliance by some countries", he said.
Reports that key crude exporters, including Saudi Arabia and Russian Federation, were cutting production to reduce global crude glut, and forecasts of record demand in China are push factors for oil prices to rise higher in the near term.
But some analysts are even more optimistic than OPEC, with Goldman Sachs expecting compliance at 84 percent and Energy Aspects oil analyst Virendra Chauhan expecting compliance at 80 percent.
In the US, Sfakianakis said, inventories of crude and products last week rose more than anticipated, while a sharp increase in refining production to record highs pointed to solid demand.
Jan 17 2017
Bahrain city hall set on fire after execution of three prisoners
A court upheld their death sentences last Monday and they were executed yesterday by being shot in the heart. Activists condemned the executions and warned the move would undermine security.
Jan 17 2017
Sikh Soldier's Punjabi song full of grievances, goes viral
It adds that food which is made for Indian palate will "tremendously enhance the motivation levels" of soldiers. Secondly, he said that such acts in the future is punishable, as they affect the overall morale of the forces.
Jan 16 2017
YouTube in new bid to monetize livestreams
At the end of the month, Super Chat will launch in 40 countries (for viewers) and in 20 countries for YouTube video creators. This seems like a nice way to replace Fan Funding, as the viewer gets more out of the deal.
Jan 15 2017
Ted Cruz to Mark Levin: 'Very Likely' Sessions Will Be Confirmed
For Schumer, Sessions isn't the right man for the job: But the newly-elected Senate minority leader may not be able to stop him. Sessions needs 50 votes to win confirmation in the Senate, meaning the GOP could approve him without any votes from Democrats.
Jan 12 2017
Jamie Foxx addresses alleged restaurant attack: 'Everybody's good'
I'm from NY ", at which point someone in Jamie's group shot back with, "F*ck you, I'm from Oakland". Apparently, things quickly got out of hand and another responded, "F*** you I'm from Oakland".
Jan 12 2017
Galaxy S8 Revealed In First Leaked Image?
The previous leaks were what would refer to as "sparse" giving very little information on the unannounced Samsung smartphone. It was doing so well until the *cough* Note 7, but the company will pull out all the stops in 2017 to reverse its fortunes.
Jan 12 2017
Honoring the legacy of Martin Luther King
President Ronald Reagan signed the holiday into law in 1983, which takes place on the third Monday in January each year. Martin Luther King, Jr. "There are a lot of things we need to do in terms of social justice that affect us every day".
Jan 11 2017
Sessions defends his civil rights record as protesters disrupt confirmation hearing
"But the huge powers of the Attorney General combined with the deeply troubling views of this nominee is a call to conscience". John Lewis of Georgia and Cedric Richmond, executive director of the Congressional Black Caucus, his office said.
Jan 09 2017
How to watch the 2017 Golden Globes
The annual award honors talented individuals who have had a significant impact on the world of entertainment. The 2017 Golden Globes will be hosted by Jimmy Fallon, and will air live at 8pm EST on NBC.
Jan 08 2017
Donald Trump Says Russian Hacking Didn't Affect Election Results
Mr Assange's organisation has been under criminal investigation for its role in classified information leaks. I will appoint a team to give me a plan within 90 days of taking office.
Jan 15 2017At Paris meeting, major powers to warn Trump over Middle East peace
Jan 15 2017The First Suspects In Kim Kardashian's Robbery Have Been Charged
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Jan 13 2017French far-right leader Marine Le Pen visits Trump Tower
Jan 12 2017Wraps off Infiniti QX50 Concept at Detroit Motor Show
Jan 11 2017Super Retro Boy is nearly the 'Game Boy Classic' of your dreams
Jan 10 2017Mom, boyfriend charged in 'rape-murder fantasy' death of teen girl
Jan 09 2017Rooney 'hugely honoured' to equal Manchester United record
Jan 09 2017Blitzburgh! Steelers hammer Dolphins 30-12 to end Miami's surprise season
Jan 08 2017Killer whale at center of 'Blackfish' dies
Jan 17 2017Eight billionaires 'own same as half the world'
Jan 16 2017Luis Suarez hits brace in thumping Barcelona win
Jan 16 2017Obama eases Sudan sanctions
Jan 15 2017Harry Kane hits hat-trick as Tottenham power past West Brom
Jan 14 2017Reliance Jio may soon launch a VoLTE feature phone below Rs 1500
Jan 13 2017Trump's Nazi Germany tweet puzzles German FM
Jan 13 2017Taylor Trupiano, Michigan man, ticketed for warming vehicle in driveway
Jan 12 2017Nokia Not Stopping With the Nokia 6, More Announcements Set for MWC
Jan 12 2017This Is The 444bhp, Turbocharged Porsche 911 GTS
Jan 11 2017Tamil Nadu to declare all districts drought-hit, CM promises comprehensive relief
Jan 10 2017An enormous iceberg is breaking away from the Antarctic
Jan 10 2017Australia's batsmen face grind in India, says coach Darren Lehmann