Crude Up 4.1 Percent as Goldman Insists Oil Market is Robust
17 Mars, 2019, 12:23 | Auteur: Auguste Feret
"On the supply side, the production losses to start 2019 remain large with core-OPEC producers adopting a "shock and awe" strategy and exceeding their cut commitment", the bank added.
Futures in NY traded near a four-month high, and on course for a 5% weekly advance.
"The US has emerged as a major energy exporting country and as such, will be very influential in terms of the flows of trade of energy in the next years to come with several implications for the geopolitics of energy". However, these worries were lifted on Wednesday, at least temporarily, with the release of a bullish EIA inventories report. Production in Iran and Libya, also exempt, was little changed.
This ongoing revolution "will see the United States account for 70pc of the rise in global oil production and some 75pc of the expansion in LNG trade over the next five years, shaking up in the process, the worldwide oil and gas trade flows, with profound implications for the geopolitics of energy", Birol pointed out.
After the review meeting on March 17 and 18, ministers from OPEC+ alliance will meet in Vienna next month, and again in June, to decide on output policy for the second half of the year.
West Texas Intermediate prices rose 0.4 percent to $58.83 per barrel as of 8:16 a.m. EST, with Brent rising 0.5 percent to $ 67.53 per barrel as of the same time.
US Navy veteran sentenced to 10 years in Iran: Lawyer
The New York Times , which first reported the sentencing, said White had been given two court hearings, on March 6 and March 9. A fourth, former Federal Bureau of Investigation agent Robert Levinson, has been missing in Iran since 2007.
However, some market participants are calculating a fleeting boost in global demand that may result from a potential resolution of the U.S.
"With OPEC's cuts in full swing. persistent supply issues and a deteriorating picture on Venezuela, oil is looking well supported", said Jasper Lawler, head of research at futures brokerage London Capital Group.
Global oil demand is expected increase by 7.1 million barrels per day during the 2019-2024 period to reach 106.4 million barrels per day and that the biggest factors in the increase in oil demand are the economic growth in Asia and the petrochemical industry in the U.S. It is predicted that the U.S., Brazil, Iraq, Norway, United Arab Emirates (UAE) and Guyana will be the countries that will make the greatest contribution to global oil supply to respond to the increase in global demand. As a effect, it indicated the risk of a renewed surplus emerging in the fourth quarter, even as the group's output declines as a result of planned and involuntary cutbacks.
Meanwhile, growing concerns over a US-China trade war weighed on sentiment in wider financial markets.
Bloomberg reported that U.S. President Donald Trump and Chinese President Xi Jinping may not meet until April at the earliest, after the Wall Street Journal said this month that Xi and Trump could meet around March 27.
In August past year , a shooting at a Madden NFL 19 video-game tournament in Jacksonville, Florida, was captured on live video. Users intent on sharing the violent video took several approaches ― doing so at times with an nearly military precision.
The statement says Tyson's other show, " Cosmos ", will return on National Geographic TV and Fox at a date to be determined. Astrophysicist Neil deGrasse Tyson speaks onstage during the Onward18 Conference in New York City on October 23, 2018.
Fans of April the Giraffe can rejoice because the well-known animal welcomed a baby boy on Saturday, park officials said. In addition to Tajiri and her youngest offspring, April is also mom to three others, which were born behind the lens.
Modern anti-retroviral therapy has made it possible for HIV positive persons to live as long as their HIV negative counterparts. President Muhammadu Buhari has asked the private sector to provide funds for HIV/AIDS-related activities.
Among the throngs shopping there on Sunday was a former New Zealand soldier who gave his name as Anthony, browsing for bullets. Ardern has said Tarrant was a licensed gun owner who bought the five guns used in the crimes legally.
On aura droit à la conférence d'ouverture de Tim Cook le 3 juin prochain, puis l'événement se poursuivra ensuite jusqu'au 7 juin. Il se pourrait qu'elle se tourne aussi vers des nouveautés plus hardware, comme la présentation du nouveau Mac Pro 2019.
La date de son arrivée dans le Béarn dépendra de sa participation ou non à la Coupe du monde au Japon (20 septembre - 2 novembre). Luke Whitelock constitue la 5e recrue de la Section après Denis Marchois, Alexandre Dumoulin, Ben Smith et Sigfried Fisi'ihoi.
L'exposition montrera l'impact de l'exil dans la vie et dans l'œuvre de Picasso et de ses compatriotes artistes. C'est l'une de ses toiles qui sera présentée au musée des abattoirs de Toulouse à partir du 15 mars.
FIA F1 Race Director Charlie Whiting Passes Away
But he spent most of his time working for Brabham where he eventually became the chief mechanic. Closer to home, Colin Syn, deputy chairman of the Singapore Grand Prix, also paid his tributes.
Blackhawks build big lead, hold off Leafs
The Philadelphia Flyers and Toronto Maple Leafs meet Tuesday in National Hockey League action at the Scotiabank Arena. The improving Chicago Blackhawks are headed in the right direction, although their latest win was a wild ride.
Indians confirmed dead in NZ shooting massacre
Syrian refugee Khaled Mustafa, who had arrived in New Zealand with his family just months ago, was amongst those killed on Friday. Police are still working to identify what type of weapon was used, but Bush said "it's quite obvious" he modified his firearm.
Irving's triple-double leads Celtics past Kings 126-120
Sacramento's playoff chances are fading, but Fox's fantasy value will be fine as long as they can stay within striking distance. The Celtics then rallied again, this time going ahead on a Brown 3-pointer with 55.4 seconds remaining in the third quarter.