Oil steady as emerging market woes dim demand outlook
15 August, 2018, 05:24 | Author: Regina Silva
French energy giant Total has already said it is pulling out of its multi-billion-dollar investment project in the South Pars oil field in southern Iran as a result of the renewed sanctions.
West Texas Intermediate was down 0.6% to $67.34 per barrel at 3:15 p.m. ET.
Crude slid to the lowest in seven weeks as economic turbulence in Turkey and the strengthening greenback heightened concerns about global oil demand. Front-month Brent crude oil futures were at $72.63 per barrel at 0509 GMT, down by 18 cents, or 0.25 percent from their last close.
OPEC said the demand slowdown would come on the back of potentially lower economic growth as a result of trade disputes between the United States and China as well as emerging market turmoil.
That is compounding worries that a deepening trade war between the United States, China and the European Union will squeeze business activity in the world's biggest economies.
In addition, OPEC reduced its projection for global oil demand growth for this year by 20,000 to 1.64 million bpd, while lowering the forecast for the next year by 20,000 to 1.43 million bpd.
Crash outside London Parliament treated as terrorism
He was not known to police or security agency MI5, counter-terrorism head Neil Basu said in an interview outside Scotland Yard. London police have confirmed they are treating Tuesday morning's incident outside the Houses of Parliament as terror-related.
"The energy complex is being increasingly jostled by fresh daily headlines that don't necessarily have much effect on current supply or demand on a short term basis but could dramatically affect oil balances when looking down the road just a few months", he said.
OPEC production averaged 32.32 million barrels per day (bpd) in July, 40,700 higher than June, according to the group's monthly oil market report, based on secondary source figures.
But output from non-OPEC countries is rising quickly.
USA energy companies last week added the most oil rigs since May, adding 10 rigs to bring the total count to 869, according to the Baker Hughes energy services firm.
Investors are now seen weighing bullish factors that include potential supply disruptions to Iranian crude exports against more bearish indicators, such as broad greenback strength and a ramp-up in production by OPEC and its allied partners.
Iran is the third-largest producer among the members of the Organization of the Petroleum Exporting Countries (OPEC). Brent, the worldwide benchmark, shed 0.3% to $72.74 a barrel.
Family members said the remains were that of Wahhaj's disabled son, who had been abducted from his mother in Georgia in December. Last week, authorities found the remains of a young boy at the compound on what would have been Abdul-Ghani's fourth birthday.
But instead, the couple went into hiding as Musk was frantically "scrounging" for investors after his August 7 tweet . The tempestuous rapper, 27, claimed that's exactly what she's been doing on her Instagram story over the weekend.
More details have emerged regarding Demi Lovato's drug overdose , which TMZ says was trigged by Oxycodone laced with fentanyl. After her discharge from the hospital, the singer broke her silence with a post to Instagram .
If he is capable of keeping up these type of performances, he will certainly be a contender for signing of the season. He is such a well-rounded midfielder with unbelievable qualities and he ran the show in the middle of the park.
The Premier League club said that they have alerted the Merseyside Police about the video. 'Thanks for letting us know'. The Liverpool talisman has been marketed as not only a world-class footballer, but also a genuinely nice guy.
By that stage, Thomas Markle was in hospital recovering from a heart attack, and had decided not to attend the royal wedding. Prince Harry has flown to Botswana, the country he and wife Meghan Markle "fell in love" in, but she's not coming.
For one final flourish, Woods sank a 19-foot putt for a birdie that got him to 14 under and pumped his fist to celebrate. You want guys who are playing well", Furyk said as he discussed the attributes needed by contenders for a wildcard pick.
The hardware specifications app tells us that the specs are the Snapdragon 845, 4GB of RAM, and a resolution of 2960×1440. The phone, like previous two generations, has Always on Display but this time, it supports wallpapers on AOD.
Before becoming president, Trump himself had a reputation for quietly recording conversations during his business dealings in NY . But his use of the phrase to characterize an African-American woman stands to complicate his denial of using racist language.
Open, joining Johnny Miller (1973), Jack Nicklaus (1980), Tom Weiskopf (1980), Vijay Singh (2003) and Justin Thomas (2017). Late a year ago , he registered a nine-shot victory in the Dunlop Phoenix, one of the strongest Japan Golf Tour events.
Comparisons have also been made between the outrage aimed at Jack Whitehall and that of Scarlett Johansson playing a trans role. And some say his sexuality shouldn't matter, since gay actors regularly play straight characters.
Does wearing a face mask protect from wildfire smoke?
When the air quality is anything other than good , watch for symptoms such as coughing or shortness of breath and reduce exertion. People should limit their time outside and refrain from vigorous activities like running or playing sports.
Trump campaign taking legal action against Omarosa
She said she did not write this in her book because she heard the tape after her memoir was sent off for publication. Trump is heard saying, after chief of staff John Kelly terminated her employment.
Netflix's CHILLING ADVENTURES OF SABRINA
Today, Netflix released a first look at the upcoming TV show. In the first photo below, we see Shipka as Sabrina Spellman. That second image is titled "the dark Baptism of Sabrina ".
Global shares rebound as lira pulls out of nosedive
Turkish President Recep Tayyip Erdoğan said Monday his nation is under siege, accusing the USA of stabbing an ally in the back. On Tuesday the lira recovered some ground, trading at 6.5300 to the dollar at 1334 GMT, up around five percent on the day.
Could Turkey's currency crisis spread "contagion"?
Since January, the Turkish lira has lost more than 34% of its value against the dollar , pushing up the price of everyday items. More than a third of Turkish banks' lending is in foreign currencies, according to Reuters .
Pilot dies after plane crashes into home with couple inside
But hours later, after 2am, he was taking off in a plane believed to belong to his employer and flying directly to his home. The National Transportation Safety Board was investigating the incident and was expected to issue a report within the week.
England omit Stokes in unchanged squad for third test
Stokes, 27, has developed into one of England's most influential players and took six wickets in the opening Test in Birmingham. Any possible sanction will take into account that Stokes has already missed the Ashes tour as a result of the episode.
Italy refuses to take in migrants from Aquarius ship
An estimated 720 people died in June and July when charity ships were mainly absent, Amnesty International estimates. The dinghy was taking in water but all migrants on board were rescued and taken on board the P23 patrol vessel.