Trump Says He May Join Possible Saudi-Russia Talks On Oil's Slump

02 Avril, 2020, 05:57 | Auteur: Auguste Feret
  • United States Oil gains as US considers production cuts

World oil demand, normally around 100 million barrels a day, will likely be down by 30 millions barrels a day in April and has yet to bottom out as lockdowns due to the virus continue, Chris Bake, an executive committee member at trader Vitol said on Tuesday. Global benchmark Brent crude fell 66% in the first three months of 2020 - its biggest ever quarterly loss.

June Brent crude fell $1.45, or 5.5%, to $24.90 a barrel.

The market has slumped on pledges of higher output from Saudi Arabia and Russian Federation after a supply pact collapsed and the sharp fall in demand because of the coronavirus pandemic. U.S. West Texas Intermediate crude was down 27 cents, or 1.3%, at $20.21.

Underlining supply glut fears, the American Petroleum Institute, an industry group, reported USA crude inventories rose by 10.5 million barrels, far exceeding forecasts for a 4 million barrel increase.

"April will be one of the toughest months in history for oil and this is no April fool's joke", said Bjornar Tonhaugen of Rystad Energy.

Singer Kalie Shorr tests positive for coronavirus despite being self isolated
Kalie Shorr has opened up about her coronavirus diagnosis and the misery that came with the virus. As per a statement provided by his girlfriend, "Adam has been hospitalized with COVID-19".

487 personnes hospitalisées en Normandie — Coronavirus
Parmi elles, 161 sont en réanimation (soit une augmentation de + 44 % en 72h, depuis le samedi 28/03, où 112 personnes étaient en réanimation). 151 personnes sont retournées à domicile après une hospitalisation.

Samuel L. Jackson Has A Message For ‘Covidiots’ Who Won’t Stay Home
So here I am, Sam F*****g Jackson, imploring you: Keep your ass at home. " Stay the fuck at home ". Adding: 'If you want things to go back to normal, don't panic, just use your dome.

Saudi Arabia's oil supply shot up to more than 12 million barrels per day (bpd), industry insiders and worldwide media outlets reported, giving rise to the fears of an imminent price war. "There's nowhere to hide from this tsunami of oversupply".

Attention will focus on USA government figures due on Wednesday to confirm the API figures.

"Saudi policy will not just drive more expensive forms of oil production out of the market; it will also make it harder for renewable energy to compete with fossil fuels", said Bernard Haykel, a Saudi expert at Princeton University.

Earlier in the day, Trump had said he may consider joining talks between Saudi Arabia and Russian Federation over a steep decline in oil prices caused by the two countries.

What's next: As their constituents continue to lose jobs, Saudi Arabia may no longer be able to count on the support of Republican Iran hawks to defend against ongoing legislative efforts to end United States involvement in Yemen and sanction Saudi officials involved in the 2018 murder of journalist Jamal Khashoggi. In an apparent show of force, Aramco was loading a record 15 tankers with 18.8 million barrels of oil on a single day earlier this week, according to another official and a tweet from the company. We hope that we have succeeded by giving you the full details and information.

Conseillé:



Populaire

Europeans to celebrate Easter indoors as coronavirus cases spike
In Italy alone, almost 10,000 medical workers have been infected and more than 60 doctors have died. The rate of new cases continued to slow, suggesting the epidemic had peaked, health chiefs said.

6 members of the Ottawa Senators have tested positive for coronavirus | Offside
However, according to The Athletic's Hailey Salvian , he's not included in the seven positive tests announced by the team so far. The only other known coronavirus cases among National Hockey League players are two members of the Colorado Avalanche .

Conway slams Biden over criticism of President Trump's handling of coronavirus outbreak
As of Wednesday morning, more than 188,000 people across the country have been infected, and almost 4,000 people have died. That was before she sparred with Donald Trump over coronavirus and helped deliver Biden the MI primary.

Newborn baby with COVID-19 dies in CT , governor says
The newborn, who was from the Hartford area, arrived at the hospital unresponsive and tested positive for the virus post-mortem. Testing Tuesday night confirmed the infant was positive for COVID-19, Lamont said. "This is absolutely heartbreaking".

Confinement : les Backstreet Boys chantent ‘I Want It That Way’ à distance et font le bonheur de millions de fans
AJ McLean était lui assis à son piano à Los Angeles, Howie Dorough à Orlando et Kevin Richardson avec ses enfants devant une cheminée.

Watch Where You Put Your Wipes, Don't Flush Them
As retail stores work to re-stock the shelves with toilet paper, the city of St. The disposable sanitary wipes that are being put to use should not be flushed.

Taliban Team Arrives In Kabul To Monitor Release Of Prisoners
Pakistan has welcomed Afghanistan's announcement to form a negotiation team to hold intra-Afghan dialogue process, Foreign Office (FO) spokesperson said in a statement on Wednesday.

FDA calls for heartburn drug Zantac to be pulled from market immediately
FDA Requests Removal of All Ranitidine Products ( Zantac ) from the Market [news release]. When sustained at higher levels of exposure it can increase the risk of cancer in humans.

Costco Limiting the Number of Members in Its Stores
Aside from donating medical supplies, the retailer is now requiring employees to perform health checks before reporting to work. Costco Wholesale is limiting the number of members that can come into its stores.

Messi names two Chelsea stars among top 15 rising footballers
Joshua Kimmich: "A hugely talented full-back who provides so many assists". Luka Jovic: "A magical player who makes the impossible possible".