Crude oil prices have been trending higher today on the back of falling Venezuelan and Iranian production, squeezed by US sanctions, and also thanks to an update from Saudi Arabia that it plans to continue cutting its production deeper than it agreed on last December to support prices.
"US oil consumption [growth] a year ago was about a half-million barrels per day, and as such it was the highest in all the countries around", Birol noted on Monday. The EIA also revised down its projected 2020 production figure.
"While the revision is small, the comforting part for bulls was that the direction of the revision was down rather than up", Harry Tchilinguirian, global oil strategist at BNP Paribas in London, told the Reuters Global Oil Forum.
Crude rallied this year after the Organisation of the Petroleum Exporting Countries (OEPC) and its allies including Russian Federation, a group known as OPEC+, returned to supply cuts as of January 1.
Venezuela's worst blackout on record has left most of the country without power for six days, with hospitals struggling to keep equipment running, food rotting in the tropical heat and exports from the main oil terminal stranded. USA crude shipments are projected to stand at 8.93 million barrels a day in five years - just 0.59 million less that Riyadh, and 0.24 million barrels more than Moscow.
"The ministers reviewed various Saudi investment proposals in the Indian oil and gas sector, including the urgent steps to be taken to expedite the implementation of the first joint venture West Coast Refinery and Petrochemical Project in Maharashtra, estimated to cost the United States $44 billion, which will be the largest greenfield refinery in the world", a government statement said on Sunday.
The was one of the major talking points in a meeting between Petroleum Minister Dharmendra Pradhan and his Saudi counterpart and the chairman of Saudi Aramco, Khalid A Al-Falih, in New Delhi on Saturday.
Markets have been further tightened by the implementation of USA sanctions against oil exports from OPEC-members Iran and Venezuela.
If this happens and a woman is the first one to take a step onto Mars, that is going to be an awesome moment to see. Construction on Gateway - an orbiting lunar outpost - is expected to begin construction as soon as 2022.
Google is the disputed king when it comes to software and associated technologies, but the same can not be said for hardware. Rumors of a Pixelbook 2 have been swirling since the company's hardware event last October though it has yet to be released.
She could say instead that many of Trump's actions are indeed impeachable, but that actual process isn't feasible right now. Billionaire Tom Steyer, who's been running TV ads calling for Trump to be impeached , blasted Pelosi for her comments.
However, despite the risks, there is a growing anti-vaccine sentiment in the United States and around the world. Measles is caused by a virus that can spread through the air when an infected person coughs or sneezes.
The Federal Aviation Administration has also backed the jet's airworthiness and said it is reviewing all available data. A almost brand-new Boeing 737 Max 8 crashed shortly after takeoff in Ethiopia Sunday, killing all 157 people on board.
The report comes as Facebook CEO Mark Zuckerberg has emphasised the importance of personal messaging apps. Facebook recalled that it announced that some user's accounts had been compromised on October 31st, 2018.
The findings were reported in Ophthalmology Retina , a publication of the American Academy of Ophthalmology . He also claimed that the learning model could drastically slow down the progression of Alzheimer's disease.
Rishabh Pant (w), Kedar Jadhav, Vijay Shankar, Ravindra Jadeja, Bhuvneshwar Kumar, Kuldeep Yadav, Mohammed Shami, Jasprit Bumrah. Marcus Stoinis, returning from a thumb injury, contributed 20 and Jhye Richardson made a breezy 29 down the order.
The dead included six students and two teachers, and several other people were hospitalized with injuries, according to Gov. In 2011, 12 students were killed by a gunman who roamed the halls of a school in Rio de Janeiro , shooting at them.
USA prosecutors probing Facebook's data deals
The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. Facebook did not respond to questions about the focus or nature of the investigation.
Ask Democrats Whether or Not They Hate Jews
Sanders on Monday unfavorably compared Democrats' response to that of Republicans following comments made by Rep. During the now-infamous moment, Acosta refused to pass the microphone to a female White House aide.
Google Releases Android Q Beta 1
There's a new Sharing Shortcuts feature that "let users jump directly into another app to share content". Controlling apps that access photos, videos and audio files have become easier to manage on Android Q.
Ethiopian Airlines Boeing 737 crashes with deaths reported
Ethiopia Airlines released a statement stating they had lost contact with the flight just six minutes after it took off. The flight had unstable vertical speed after take off , said flight tracking website Flightradar24 on its Twitter feed.
'Bomb Cyclone' Winter Storm Moving Across Central U.S.
The storm will sweep right through the Rockies, the Upper Midwest, the central and northern Plains and more of the US heartland. The term "bomb cyclone " has plenty of dramatic flair, but it's a nickname for the tongue-tying weather term " bombogenesis ".