Feb 14 2019
In that letter to OPEC on January 29th, a day before United States inclined sanctions on Venezuelan state-owned oil firm PDVSA, Maduro wrote, "Our country hopes to receive the solidarity and full support of the member countries of OPEC and its ministerial Conference, in the fight we are now having against the illegal and arbitrary intrusion of the United States in the internal affairs of Venezuela".
"Disruptions have increased with risks that Venezuela's production decline accelerates following the introduction of additional USA sanctions related to the Venezuelan oil industry", Reuters quoted the investment bank as saying.
The American Petroleum Institute (API) on Tuesday said that us crude inventories fell by 998,000 barrels in the week to February 8 to 447.2 million, compared with analyst expectations for an increase of 2.7 million barrels.
The oil price has risen sharply on Tuesday.
As of writing, Brent is trading at $63.06 per barrel, representing a 1 percent gain on the day.
The cartel made the pledge past year alongside major oil producing countries outside the cartel, including Russian Federation, to safeguard oil prices against a global economic slowdown.
USA crude oil inventories rose last week to the highest since November 2017 as refiners cut runs to the lowest since October 2017, the Energy Information Administration said.
Soaring output is putting the USA on course to become a net exporter of crude oil and petroleum products next year.
Trudeau says he's surprised, puzzled by Wilson-Raybould's resignation
The SNC-Lavalin issue dates back to 2015 when the federal government laid corruption charges against the Quebec based company. In a statement, Settee called the resignation a "significant step backwards" for reconciliation.
Elizabeth Warren Makes It Official, Announces She’s Running For President In 2020
She meant to spend Sunday in Iowa, where the leadoff caucuses will be the first test of candidates' viability. Warren has too much baggage - all that " Pocahontas " nonsense - and she is too much like Hillary Clinton.
Wells Fargo reports widespread outages on mobile app and online banking
Wells Fargo's online banking platforms, including their mobile banking app, have experienced outages across all systems. At this time, it's unclear about the scope and breadth of the problem or how many customers or locations were affected.
Opec members vowed to cut 800,000 barrels a day of that amount, so January's figures fell just 3,000 barrels short of that commitment.
"Our primary objective is to ensure that the oil market remains in balance throughout 2019 and beyond in order to build on the success of the past couple of years", the OPEC Secretary General said. The dense crudes are much more hard to refine and tend to contain significant quantities of sulfur and other impurities that are costly to remove.
The Organisation of Petroleum Exporting Countries (Opec) said it tightened its crude taps to cut nearly 800,000 barrels a day from its oil exports in January after vowing to drain excess oil from the oversupplied market. The price has largely plateaued since then, in spite of the subsequent imposition of US sanctions. Venezuela's output is already at the lowest in decades as a spiraling economic crisis takes its toll on oil infrastructure. But a shortfall of heavy-sour crude can cause complications for many refiners, such as those along the U.S. Gulf Coast, configured to process it.
It said OPEC crude output was 930 thousand b/d lower in January at 30.83 million b/d, hitting a almost four-year low.
The cartel is broadly on track to keep markets balanced this year, even though demand for its crude will be lower than previously thought, the IEA's report indicated.
OPEC members along with allies including Russian Federation agreed in early December to trim production by 1.2 mbd from January 1, in a bid to eliminate a production glut and shore up prices.
Any economic slowdown could cap oil markets.
Feb 13 2019
USA jury convicts El Chapo on all counts
The 61-year-old Guzman broke out of Mexican prisons twice before he was finally recaptured and extradited to the U.S.in 2017. Guzman spoke in the courtroom only once during the trial, saying he would not testify in his own defense, NBC News reported.
Feb 12 2019
Amazon, Sequoia Capital Invest $530 Million In Self-Driving Startup 02/07/2019
Aurora is developing the technology for autonomous vehicles, but leaving the making of cars to other companies. The company presently employs around 250 workers split between its Bay Area and Pittsburgh campuses.
Feb 12 2019
Hakeem Al-Araibi will walk free after Bahrain drops extradition request
Alqunun fled her family to Bangkok while on holiday in Kuwait but was detained by authorities shortly after arrival. Mr Araibi has said he was blindfolded and had his legs beaten while he was held in Bahrain previously.
Feb 11 2019
Fulham vs. Manchester United - Football Match Report
With 33 of his own and 17 assists, he has played a role in more goals than any team-mate since his debut in September 2015. This is the first time the France worldwide has bagged a double-figure goal tally in the league so far in his career.
Feb 11 2019
Greek Parliament approves the Protocol for Macedonia's North Atlantic Treaty Organisation membership
Provided lawmakers vote for the motion, Greece's foreign ministry will promptly notify the Macedonian government of the result. A poll showed that two-thirds of the public opposed the move.
Feb 10 2019
Toronto Raptors reportedly acquire Marc Gasol
Later in what turned into a marathon day, they sent Greg Monroe and a 2021 second-round pick to Brooklyn for cash considerations. Marc Gasol #33 of the Memphis Grizzlies plays the Denver Nuggets at the Pepsi Center on December 10, 2018 in Denver, Colorado.
Feb 09 2019
State of the Union: Here's What to Expect from President Trump
Also, GOP legislators are urging the President to back away from his dramatic threat to build a wall via his orders to agencies. Aides said that he plans to call for bipartisan support for infrastructure projects and cutting the cost of prescription drugs.
Feb 08 2019
Ariana Grande Refuses To Perform And Attend GRAMMYs After Disagreement With Producers
However, Variety have now reported that the singer felt " insulted " after producers refused to let her perform certain songs. The same thing happened with Lorde at last years Grammys . "And I'd love to get her in the show this year".
Feb 08 2019
LeBron James vents on Instagram about Harrison Barnes trade | After the Buzzer
Calling Barnes "a special guy", Carlisle said, "I'm proud of all the growth he experienced here". Barnes has a player-option on his $25 million deal for the 2019-2020 season.
Feb 04 2019
Super Bowl LIII: Jersey Colors for Patriots, Rams
New England's largest winning margin in the big game came in Super Bowl LI, when they beat the Atlanta Falcons 34-28 in overtime. When is Super Bowl LIII? Patriots 35, Rams 27 - Marshall Faulk disrupts trophy presentation, says Patriots cheated again.
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