May 24 2017
The budget, which will be delivered to Congress on Tuesday, is meant as a proposal and may not take effect in its current form.
Brent crude traded up 9 cents at $53.96 per barrel by 11:49 a.m.(1549 GMT).
80,000 barrels per day isn't much in the grand scheme of things (the petrostate cut plan reduced supply by roughly 1.2 million barrels per day), but it could get worse in the coming months as Iraq's capacity increases.
Prices have been lifted by expectations that a pledge by the Organisation of the Petroleum Exporting Countries (Opec) and other producers, including Russian Federation, to cut supplies by 1.8 million barrels per day (bpd) would be extended to March 2018, instead of covering just the first half of this year.
usa light crude was down 33 cents at US$50.80.
US West Texas Intermediate futures were at $50.71, down 42 cents, or 0.8 percent.
$400 billion price tag for California single-payer bill
When free health care provided by the state government isn't free, it's a much more hard sell. Gavin Newsom, embraced the leftist agenda, including free community college educations.
North Korea-linked hackers 'highly likely' behind WannaCry: Symantec
Symantec said it discovered multiple instances of code from the Sony Pictures hack in early versions of WannaCry . Lazarus has also been linked to attacks on banks using their SWIFT messaging network.
No serious impact in India due to ransomware: Ravi Shankar Prasad
Union law minister Ravi Shankar Prasad says a software patch has been installed in systems to counter the ransomware attack. Privacy experts say that this mess could have been prevented if people paid attention to Microsoft's software updates.
The decision pushed prices back above $50 per barrel, giving a fiscal boost to major oil producers.
Opec, led by Saudi Arabia and other participating producers, will meet tomorrow and are expected to extend the period of the cut from just the first half of this year to all of 2017 and the first quarter of 2018. Not all participants were fully on board with the proposal, with Iraq supporting another six months of cuts, according to Falah Al-Amri, the head of the country's State Oil Marketing Organization.
SPR is a USA government-owned complex and is the world's largest supply of emergency crude oil.
Saudi Arabia and non-OPEC Russia have been pushing to extend the cuts by nine months until March 2018.
PVM said if USA imports in coming years matched those of 2016, the country would need to keep 489 million barrels of oil in the SPR, some 140-150 million barrels above the proposed new level.
In late November, OPEC member states signed an agreement to decrease oil production by 1.2 million barrels per day to 32.5 million barrels per day for the whole cartel. Nigerian production is also recovering from the attacks as Lagos' officials meet with residents of the Niger Delta to discuss infrastructure improvement and revenue sharing opportunities.
Speaking on Bloomberg television, Dicker credited Saudi Arabia for being "totally transparent" in their business dealings and OPEC members "for having all the discipline" in following through with their promised cutbacks; he also condemned the US for "maniacally" undercutting the success of the cutbacks with steadily rising production.
May 24 2017
JP Morgan Raises Qualcomm (NASDAQ:QCOM) Stock To a "Overweight" Rating
Cowen and Company reduced their price target on shares of QUALCOMM to $73.00 in a research note on Thursday, January 26th. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.86 billion.
May 23 2017
Chris Christie: 'I wouldn't let General Flynn in the White House'
Chris Christie, like every other self-interested Republican who either endorsed or looked the other way, now owns Donald Trump. Christie also said he disagreed with Trump's reported characterization of former FBI Director James Comey as a "nut job".
May 23 2017
US extends 'temporary protected status' to Haitians until January
Senator Edward Markey. "Progress has been made in Haiti, but the country is still far from recovered". Stephanie Murphy and two Democratic gubernatorial candidates, Gwen Graham and Andrew Gillum .
May 22 2017
Capitals square series 3-3 against Penguins
The Capitals will need Holtby to continue this trend if they hope to advance past the Penguins. Penguins goalie Marc-Andre Fleury allowed five goals against the Capitals Monday night.
May 22 2017
Hinting at secret tapes, Trump warns ousted Federal Bureau of Investigation director
For example, White House press secretary Sean Spicer has said the president fired Comey because he was advised to do so. The face-to-face meeting between the president and the director raised other concerns.
May 22 2017
Comey Declines To Testify Before Senate Judiciary Committee
Trump later told NBC of firing Comey: "I was going to fire regardless of recommendation". He should reconsider his decision", they added.
May 22 2017
I'll be back: Arnold Schwarzenegger confirms role in latest Terminator film
Schwarzenegger also said he has plans for a Twins sequel called Triplets , which will feature Danny DeVito and Eddie Murphy. Be sure to check back with us here at CinemaBlend for updates about the sixth Terminator film as they become public.
May 19 2017
Titles more important than top four to Manchester United, says Mourinho
Mourinho said United were unlikely to appeal the decision, despite feeling the red card was harsh. "I will analyze the individual performances of the players and try to understand who can give me a little bit more for the final".
May 19 2017
Led coalition airstrikes targeted pro-Syrian regime forces
In a four-sentence statement, the coalition added that the pro-regime forces were "well inside" an "established" zone. The attack was the first such close confrontation between us forces and fighters backing President Bashar al-Assad.
May 18 2017
White House Pushes Back on Reports of Intelligence Talks between US, Russia
He said that it seems that " political schizophrenia " is developing in the U.S. amid such media claims. Under current U.S. law, the president has the power to declassify information as he or she sees fit.
May 24 2017Mother claims sunscreen gave her 14-month-old daughter second-degree burns
May 23 2017English wedding: Pippa Middleton marries as royals look on
May 23 2017Much-anticipated Ariana Grande concert ends in blood, horror
May 23 2017Why Trump is on track to disappoint Israel's Netanyahu
May 23 2017Senate confirms Iowa governor as China envoy
May 20 2017Fernando Gaviria wins his 4th stage of this year's Giro d'Italia
May 20 2017Sogard pushes Brewers to 4-2 win over Padres
May 20 2017Comey to testify in public before Senate Intelligence Committee
May 20 2017Trump Says He's 'Very Close' to Naming a New FBI Director
May 19 2017Texas man sues woman for texting in date
May 24 2017Manchester Responds To Concert Attack With Beautiful Acts Of Kindness
May 24 2017Loosen Up: NFL to allow some flair in celebrations
May 23 2017Star Midfielder Believes Champions League Football Will Help Liverpool Attract 'Big Players'
May 23 2017Dixon takes 3rd Indy pole with fastest speeds in 21 years
May 23 2017LeEco Founder Jia Yueting Steps Down as CEO Amidst Massive Corporate Overhaul
May 22 2017Wisconsin unemployment lowest since February 2000
May 22 2017Ringling Bros. owner: Final shows are 'a celebration'
May 20 2017AT&T Workers Across 36 States Began 3-Day Strike Friday
May 19 2017Japan's Cabinet OKs bill to let Emperor Akihito abdicate
May 19 2017Palestinians injured during rallies for prisoners
May 19 2017Merkel: UK Will 'Pay A Price' If It Curbs Immigration
May 18 2017Embattled White House lurches from crisis to crisis