Oil rises above $79 a barrel on Norway strike, Libyan disruption
11 Juillet, 2018, 05:36 | Auteur: Auguste Feret
While the USA futures contract is only edging higher, the Brent futures contract is surging due to rising supply concerns fueled by a potential wildcat strike by hundreds of oil workers in Norway.
Libya's national oil production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation (NOC) said on Monday.
An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. US light crude futures were up 53 cents, or 0.7 percent, at $74.38.
The U.S., Saudi Arabia and Russian Federation all fear the start of a potential global economic slowdown if price rise too high.
"That basically took the wind out of the sails from the market", said Phil Flynn, analyst at Price Futures Group in Chicago. But it all depends on which countries they're talking about. "Is it India?. Is it temporary waivers?"
The U.S.is now pushing to reduce oil exports from Iran to zero.
Mounting supply concerns could push Brent above $85 per barrel, MUFG Bank said in a note.
Njie accusé d'avoir ramené des filles à l'hôtel — Cameroun
A lui d'assumer désormais les conséquences de ses actes assez peu responsables à quelques jours d'un match international... Njie serait par ailleurs arrivé avec plusieurs heures de retard par rapport au rendez-vous initial fixé par sa Fédération.
According to reports, hundreds of workers on Norwegian oil and gas offshore rigs are due to strike on Tuesday after rejecting a proposed wage deal, a move which will likely affect the production of at least one field, Shell's Knarr.
"Working in the opposite direction of the Norwegian oil workers strike and the geopolitical situation" was the update on the Syncrude oil sands facility, said Yawger at Mizuho.
On Monday, Suncor Energy said its 360,000 bpd Syncrude facility would resume some production in July, earlier than expected, following an outage last month that disrupted total output.
The updated timeline has muted USA price gains and widened the difference between the two benchmarks, said Yawger. The updated restart has muted USA crude's gains and helped widen the difference between the two benchmarks, said Yawger.
Oil prices have gained for most of 2018 on tightening supply and strong demand but investors fear a decision by the Organization of the Petroleum Exporting Countries to increase production may dampen price gains and offset production losses in countries including Libya.
But the market has grown concerned that if Saudi Arabia offsets Iranian losses, it will use up global spare capacity and leave markets vulnerable to further or unexpected production declines.
Les adolescents devront néanmoins subir divers examens médicaux avant de pouvoir rentrer chez eux et retrouver leur famille. Le drame passionnait aussi à l'étranger - les médias internationaux avaient envoyé des centaines de journalistes sur place.
Justin Bieber aurait demandé en mariage sa copine des dernières semaines, la mannequin Hailey Baldwin , selon le site TMZ ... Et c'est samedi soir, dans un restaurant des Bahamas, que le chanteur aurait fait sa demande auprès de sa dulcinée.
Yet Federer quickly snuffed out the danger and broke in the next game before rounding off the match in typically ruthless fashion. Nadal has made the quarter-finals for the first time since finishing runner-up to Djokovic in 2011. (12) Jelena Ostapenko bt.
Authorities have said the mission could take up to four days to complete and heavy rain is forecast in the coming days. So far it has been successful, as three boys have now emerged with the help of divers.
A woman has been killed and her husband injured in Saskatchewan after the tractor they were driving collided with a semi-truck. Their tour involved talking to consumers about supply management and its benefits for the dairy sector.
La saison passée, il a réalisé la campagne la plus prolifique de sa carrière depuis sa dernière saison au PSV Eindhoven. Il y aura une sanction très grave, parce que vis-à-vis des autres, c'est indispensable.
Throughout the search for Trump's second Supreme Court nominee, Kavanaugh was a favorite of the conservative legal cognoscenti. The nomination is poised to cement the Supreme Court's conservative majority, vastly reshaping the court for decades to come.
When do Belgium and France play? At the final whistle, the France bench erupted onto the field and the players broke into dance. Kylian Mbappe says he wants to win the World Cup and is not interested in individual awards such as the Ballon d'Or.
President Trump suggested such member states should reimburse the USA for being delinquent on their obligations for years. After that comes a visit to Finland and another high-profile summit on Monday-with Russian President Vladimir Putin .
First 4 boys rescued from Thai cave; rest await divers
Two divers accompanied each of the boys, all of whom have been learning to dive only since July 2, when searchers found them. For the last several days, crews have been trying to drain enough water out of the cave to make the rescue easier.
CM 2018 - Scènes de liesse sur les Champs-Elysées
Les gens sautent dans tous les sens, se prenant dans les bras, les couples s'embrassant debout sur les tables de cafés. La foule a dû se résigner à se rendre dans les bars aux alentours pour regarder la rencontre.
Bientôt un vaccin contre le virus VIH?
Les cobayes ont reçu différentes versions du vaccin ou un placebo à raison de quatre injections en 48 semaines. Selon l'Organisation mondiale de la santé, près de 37 millions de personnes vivent avec le VIH ou le Sida.
In Turkey fired more than 18 thousand public servants
Gulen himself, who has been residing in the United States since 1999, has refuted all the allegations on numerous occasions. Moreover, 1,052 people, including judicial candidates and civil servants were dismissed from the Ministry of Justice.
YouTube launches $25m crackdown on 'fake news' videos
These tests are being run in 25 markets across the USA and Google says that local news has gotten "strong engagement" so far. YouTube has a long way to go in its battle against fake news and conspiracies, its executives acknowledged.