Jun 21 2018
The world's major oil-producing countries are under pressure from the US, China and Russian Federation to pump more crude and bring down oil prices.
Brent reached a 3-1/2-year high above $80 a barrel last month but has fallen steadily in recent weeks as Saudi Arabia, de facto leader of Opec, has signalled it intends to raise production to stabilise prices. There are different views on how much to increase production and whether such a move should be gradual, one source said following a meeting of Gulf oil ministers on Tuesday evening.
"We will do whatever is needed to maintain market stability and ensure that there are no oil supply shortages", said Abdulaziz bin Salman, a Saudi prince and minister of state for energy affairs.
Saudi Arabia, under pressure from U.S. President Donald Trump, wants to unwind some of the cuts by engineering a "moderate" supply boost in the second half of the year.
"An increase is acceptable if justified from the demand side and if it is agreed by all OPEC members".
It remains to be seen whether they get Iran and others onboard for a formal Opec agreement, or go ahead with increases regardless.
Kilauea Volcano Still Erupting; More Than 600 Homes Destroyed
There were two small blasts Monday, including one after a magnitude-5.4 quake , scientists said. USGS scientists have been unable to determine when the eruptions will end.
What to know about Meghan Markle's first solo engagement with Queen Elizabeth
While wedges might be a more comfortable choice for a day of engagements, it is known the Queen disapproves of this style options. Meghan Markle had made her first joint public engagement with the Queen , after spending a night on Her Majesty's royal train .
'Fool Trade': Trump continues to rip G7 in tweetstorm
On Fox News Sunday , White House Director of Trade Policy Peter Navarro also defended the president with adversarial language. A Madawaska, Maine, mill pumps pulp from the Canadian side of the border to be made into paper on the U.S. side.
Ecuador said OPEC and its allies could agree to a compromise increase in output of around 0.5-0.6 million bpd.
"Globally, crude prices have gone beyond the threshold, which can be sustained by the world, particularly countries like India, which is a key driver of world economy", Mr. Pradhan said at an OPEC conference in Vienna.
OPEC takes its decisions by unanimity, so if Iran were to wield its veto Saudi Arabia would be left only with the option of assembling a coalition of willing countries to bypass Tehran's opposition.
Iraq and Venezuela have also opposed a relaxation of production cuts, fearing a slump in prices.
Zanganeh was due to attend a ministerial committee on Thursday. Iraqi Oil Minister Jabar Al Luaibi said on Wednesday he hoped there would be agreement when Opec meets but added: "The oil market has not reached the level of stabilisation". Iran is usually not part of the committee, which includes Russia, Saudi Arabia, the UAE, Oman, Kuwait, Algeria and Venezuela.
Zanganeh told CNN on Wednesday that if OPEC returned to regular compliance, the real supply increase from the group would constitute around 460,000 bpd.
Jun 21 2018
When is the first day of summer?
Up to 25,000 people were expected to attend the overnight celebration of the longest day of the year at the World Heritage Site. A solstice is an astronomical event during which the sun is at its greatest northerly or southerly distance from the equator.
Jun 20 2018
Canada's Senate votes to approve legal weed
The minimum legal age to buy and consume marijuana has been set federally at 18, but some provinces have chosen to set it at 19. Speaking today, Trudeau said: "We have been talking about this since well before we formed government".
Jun 19 2018
Ted Cruz, Jimmy Kimmel face off in game of one-on-one
When the Rockets lost, Kimmel mocked Cruz on Twitter and said he looked like a " blobfish ". Cruz, who was on his high school's varsity basketball team, is the bookies' favorite to win.
Jun 18 2018
One Deputy Killed, Another in Critical Condition After Kansas City Shooting
The deputies were attacked by an inmate while driving a transport vehicle near the Wyandotte County courthouse in Kansas City. Bailiff said the inmate was being taken across the street from the jail, to the services building, for a court hearing.
Jun 17 2018
Luis Suarez's missed Uruguay chances 'not a sin' - Oscar Tabarez
Russian Federation leads Group A on goal difference after beating Saudi Arabia 5-0 on Thursday in the tournament's opening match. Though he quickly added he thinks Salah will be ready for Tuesday's crucial match against Russian Federation in St.
Jun 14 2018
Little girl from Charleston shares big voice with 'America's Got Talent' judges
Before she was even done, the audience was on their feet. "The only thing I can do for you, young lady, is give you.my golden buzzer!" "Oh my gosh.
Jun 14 2018
Three Californias? What you need to know
The plan calls for three states to be created: Northern California , California and Southern California . Californians have talked about breaking up with themselves ever since California became a state in 1850.
Jun 14 2018
President Trump meets Singaporean PM for pre-summit talks
In March, Mr Trump surprised the world by accepting an invitation from Mr Kim - delivered via Seoul - to meet in person. Trump is also on his way to Singapore from Canada after attending the Group of Seven leaders' meeting in Quebec.
Jun 12 2018
Gears Pop! are a thing from Funko and Microsoft
The third title announced was Gear Tactics , a new Gears of War RTS game; which will be available exclusively for PC. Interestingly, Gears Tactics seems to be exclusive to the PC, with more details incoming at a later date.
Jun 11 2018
Woman thanks Trump for 'mercy' in commuting her sentence
But life as a whole is whatever Johnson now wants to make of it, and she isn't taking one moment for granted. Kardashian West tweeted that her phone call with Alice Johnson was "a moment [she] will never forget".
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Jun 11 2018Trump's Chief Economic Adviser Says Justin Trudeau "Stabbed Us in the Back"
Jun 11 2018RACE: Vettel wins in Canada to seize championship lead