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.
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.
With a record of 13-55, the Knicks are far and away the worst team in the league and are now on a seven-game losing streak. No, you can't do that in Madison Square Garden. "You are not allowed to stalk the owner and then confront him like that".
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 ".
According to Japan Times , the punishment for possessing or using cocaine in Japan is a prison sentence of up to seven years. Before becoming an actor, Taki was a musician, co-founding the popular synthpop group Denki Groove .
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.
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.
There's also a curious little noise at the end that could be the noise Google's console makes when it's turned on. It all kicks off on March 19th at 10:00 AM Pacific / 1:00 PM Eastern, and we'll cover the news here at Gamnesia.
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.
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.
Collins was a starter all four years he played in NY and was named an All-Pro after his breakout sophomore season in 2016. Free agents can not officially sign with their new teams until the start of the new league year at 4:00 PM EDT Wednesday.
Eye scan may detect early signs of Alzheimer's disease
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.
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.
Trump Grounds All U.S. Boeing 737 Max Planes
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.