Sep 15 2017
"Oil markets have started to rebalance", said the IEA, adding prices were "pointing to firmer fundamentals".
OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut that has weighed on prices.
USA gasoline prices, however, fell despite a record drawdown in inventories of the motor fuel. Gasoline inventories fell more than anticipated-by 7.896 million barrels for the week ending September 8, against an expected draw of 4.0 million barrels.
The agency, which coordinates the energy policies of industrial nations, raised its 2017 global oil demand growth estimate to 1.6 million barrels per day from 1.5 million bpd.
Traders also weighed weekly data from the US government which revealed a smaller-than-expected rise in crude supplies, a hefty drop in gasoline stockpiles and a jump in domestic output as production in the Gulf of Mexico recovered in the wake of disruptions from Hurricane Harvey.
The US Energy Information Administration's (EIA) data showed a build of 5.9 million barrels of crude last week, exceeding expectations for a 3.2 million-barrel hike.
USA crude settled up $1.07, or 2.2 percent, to $49.30 per barrel and Brent crude was up 89 cents to $55.16 a barrel. The largest refinery in the United States, in Port Arthur Texas, was running at reduced rates, sources told Reuters. U.
Giants' Odell Beckham practices Thursday for the first time in three weeks
At least, that's what it looked like to me because it was going right down the middle. "And you don't have to worry about it". You're going to get coached up and there's things we can clean up, for sure, but you can't get defensive, can't get sensitive.
Crude Oil Price Ticks Up Following EIA Inventory Report
Gasoline stocks fell by 8.4 million barrels, compared with analysts' expectations in a Reuters poll for a 2.1 million-barrel drop. Cushing, Oklahoma supplies rose by the most since March, while oil production climbed by the most since 2012.
Google appeals $2.7 billion European Union fine
A spokesman for Google confirmed Monday they had filed the appeal but said the company had no further comment to make. Google has appealed a record-breaking €2.4 billion (£2.1 billion; $2.9 billion) fine from European regulators.
Data from the Energy Information Administration shows a build in USA crude inventories last week of 5.9 million barrels, exceeding expectations.
The Paris-based IEA's monthly report noted that the US reliance on the Gulf Coast makes it vulnerable to events like Harvey.
OPEC released its monthly oil market report on September 12, 2017. This will support efforts by Opec countries and other producers including Russian Federation, that have combined forces to curb global supplies by around 1.8m b/d to ease inflated oil stockpiles and boost prices.
Crude palm oil prices advanced by 0.53 per cent to Rs 550 per 10 kg in futures trading today driven by strong demand in spot markets.
Global oil supply meanwhile fell in August by 720,000 b/d on unplanned outages and scheduled maintenance, mainly from countries outside of the Opec cartel, the IEA said.
The agency said global oil supply dropped 720,000 barrels a day last month from July, to 97.7 million barrels a day, largely due to those disruptions to USA production due to Hurricane Harvey and supply disruptions in Libya.
Sep 14 2017
Olive Garden Has A New 'Pasta Passport' And Yes, It Involves Travel
Apart from the meals, you'll have the chance to sample wine and gelato and even learn how to prepare regional dishes. They will be available for purchase for 30 minutes only, or until all passes and passports sell out.
Sep 14 2017
Almost a million Tampa Bay residents still without power after Irma
Locations without power have been flagged to the state to help utilities prioritize their work, the group said in a statement. Emera's Tampa Electric utility said the storm could affect up to 500,000 of the 730,000 homes and businesses it serves.
Sep 13 2017
Report of active shooter at New Hampshire hospital
The hospital issued a "code silver" alert to employees, which alerts the possibility of somebody being violent with a weapon. Lebanon police said Tuesday that they are investigating reports of an active shooter at Dartmouth-Hitchcock Medical Center.
Sep 12 2017
Going electric: China eyes gasoline and diesel auto ban
To help spur the industry , the Chinese government already gives homegrown electric vehicle makers big subsidies . Guolin predicted that the auto industry will be going through some "turbulent times", the Xinhua report said.
Sep 11 2017
Luis Suarez: 'It is a privilege to play with Lionel Messi'
Real Madrid dropped points at the Santiago Bernabeau for the second straight game after being held to a 1-1 draw by Levante. Lionel Messi bagged a hat-trick to inspire FC Barcelona to a 5-0 win over local rivals Espanyol in the Catalan derby.
Sep 11 2017
Kante scores victor for Chelsea vs former club Leicester
Chelsea won the Premier League title with two games to spare last season thanks in part to Hazard's valuable goals. N'Golo Kante's speculative strike saw Chelsea overcome a tough Leicester challenge. "We need time.
Sep 11 2017
Desmond Tutu chides Suu Kyi over silence on Burma 'ethnic cleansing'
A rising Buddhist nationalism has fanned the flames, led by hard-line monks who scream that Muslims want to overtake the country. The handsome , petite leader from erstwhile Burma with flower in her hair and steely resolve in her voice fought for democracy.
Sep 11 2017
Penn State's James Franklin throws shade that's sure to fuel Pitt rivalry
McSorley finished 15-for-28 for 164 yards, three touchdowns and one interception, but completed just six passes to receivers. Quarterback Max Browne - former USC starter - got Hall the ball right behind the end zone, and Penn State was ready.
Sep 10 2017
US Get Ready! Another Missile from North Korea on the Way?
But Pyongyang also likes to add dramatic gestures against imperialism, particularly ones that showcase its military might.
Sep 10 2017
Hurricane Katia bears down on quake-rattled Mexico
Areas of Mexico to the north of Cabo Rojo and to the south of Laguna Verde are under a tropical-storm warning. The mountainous region where the storm has been dumping rain has a history of deadly floods and slides.
Sep 15 2017Still a chance for Jose to get close to the US
Sep 14 2017Volkswagen's Entire Car Range Is Going Electric By 2030
Sep 13 2017New Apple TV will come with 4K and HDR support
Sep 12 2017Stephen King tweets IT inspired message to the victims of Hurricane Irma
Sep 12 2017Janet Jackson promises she's planning "something special" for victims of Hurricane Harvey
Sep 11 2017Sean Dyche v Frank de Boer focus
Sep 11 2017Raiders put Sebastian Janikowski on injured reserve, call up Giorgio Tavecchio
Sep 11 2017Final Cowboys-Giants injury report: Hitchens out, Beckham questionable
Sep 11 2017Abe, Moon agree on greater pressure against North Korea
Sep 10 2017Wenger Gunner move again for winger?
Sep 15 2017Pixel XL 2 Manufacturer Confirmed In FCC Filing
Sep 15 2017Russian submarines fire seven cruise missiles at Isis militants
Sep 15 2017Minecraft for the Nintendo 3DS is available today
Sep 14 2017Erdogan dismisses North Atlantic Treaty Organisation concerns overs Russian Federation defence system deal
Sep 13 2017SC for display of community fireworks
Sep 13 2017Crude Oil Market Higher on Hurricane Impact
Sep 12 2017Cardinals' David Johnson Could Miss 'Half the Season' With Sprained Wrist
Sep 12 2017Keeper De Gea to be starter for Man United against Basel
Sep 11 2017Cruise Lines Are Sending Ships on Rescue Missions to the Caribbean
Sep 11 2017These clubs voted against the reduced Premier League transfer window
Sep 10 2017Nadal powers into US Open final after blitzing Del Potro
Sep 10 2017United States calls for UNSC meet over North Korea draft resolution