IEA Reduces Oil Demand Growth Estimates for 2019, 2020
IEA Reduces Oil Demand Growth Estimates for 2019, 2020
A flag with the logo of the International Atomic Energy Agency flies at half-mast at the United Nations headquarters in ViennaMore
12 August, 2019, 05:55
Oil surged to start the US session as investors weighed the latest steps from Saudi Arabia following a selloff earlier in the week. Visit MarketWatch.com for more information on this news.
Now that the analytical community (whose predictions are routinely proven wrong) has decided that reconciliation between the USA and China is slim, they have turned their attention to what they think will be the next source of tension between the two countries: namely, that China will dramatically reduce its intake of US crude imports over the coming weeks. The International Energy Agency on Friday called the demand outlook "fragile". "Oil prices have been caught up in the retreat".
Deeper production cuts at leading producer Saudi Arabia, lower output at sanctions-hit Iran, and outages in Libya and Venezuela sent OPEC's crude oil production in July falling to its lowest level since 2011, the monthly Reuters survey found last week. "We're seeing a re-balancing of the market after such a big loss earlier in the week". Brent prices peaked this year in April ($74.57) and WTI topped out at $66.30.
Crude has fallen about 7% this month as growing fears that the trade spat will expand into a currency war overshadow the risk of supply disruptions in the Middle East.
OPEC's crude oil production dropped by 200,000 bpd in July from June, and helped by additional cuts of 100,000 bpd from the non-OPEC part of the production cut coalition, the market balance in the short term has tightened slightly, the International Energy Agency (IEA) said on Friday, but warned that the slightly tighter market is a "temporary phenomenon".
Google finally releases the final Android Q Beta According to a blog post by the Android team, Android Q Beta 6 includes refinements for the gesture navigation . Interestingly enough, the Easter egg has only been spotted on Android Q Beta 6 for the Essential Phone .
Murray announces he'll play singles in Cincinnati Yes, Murray is back and will be playing in the singles draw of his first ever tournament since his surgery earlier this season. At Citi Open 2019, he teamed up with his brother, Jamie Murray and lost in the second round.
More Pokemon Sword and Shield Info Coming this Week Zigzagoon and Linoone will be Normal/Dark types in the Galar region, along with possessing a third evolutionary step, Obstagoon. Details weren't given about them, however, in the case of Marnie, she has a rabid fanbase known as Team Yell .
WTI for September delivery advanced $1.78 to $54.32/bbl on the New York Mercantile Exchange at 10:03 a.m.
Worldwide benchmark Brent crude futures, were at $57.61 a barrel by 0009 GMT, up 23 cents, or 0.4%, from their previous settlement.
Global benchmark Brent crude rose as much as 3.2% to $58.01 on Thursday.
Saudi Arabia is reducing allocations despite strong consumption in all regions, the officials said.
Furthermore, the downside risks loom amid swelling US crude inventories, as the focus now shifts towards the US Baker Hughes Oil Rigs Count data due on the cards later today at 1700 GMT. "I am confident that OPEC+ will continue" its strong compliance with agreed production levels, he said on Twitter.
In June, she sent a letter to Senator Lamar Alexander (R-Tenn) asking him to support the federal Equality Act. And it looks like she will suck the door knob off Hollyweird to get there", Rock wrote on Friday.
Will Ferrell was back as Ron Burgundy on not one, not two, not three, but six late-night shows on Thursday night. Presenting sponsors of the second season of " The Ron Burgundy Podcast " include Fair, NBC and Coors Light.
But it has faced stiff resistance from fighters aligned with the UN-recognised government, which is aided by Turkey and Qatar. The explosion took place in front of a shopping mall as Libyans were out shopping in preparation for Eid al-Adha.
Saban also said Saturday that the training staff was looking at a knee injury that linebacker Joshua McMillon suffered. The man projected to be Alabama's next great running back will have to wait another year to get on the field.
Mixer , the company, have run a promotional campaign to pull Ninja's Twitch audience to their own streaming platform. After the promotion expires, fans will be forced to pay a monthly fee if they wish to be subscribed to Ninja .
If, as Minkoff says, the goal is to teach the player about global politics, a point of view is doubtlessly going to come through. It's rumoured that Call of Duty Modern Warfare is getting a Battle Royale mode that will be entirely free to download.
Gael Monfils and Roberto Bautista Agut will also meet after wins over Hubert Hurkacz and Richard Gasquet respectively. Medvedev said he was as surprised as anyone to have defeated world number four Thiem in such dominant fashion.
Goldman Sachs , on the other hand, can now expand its reach into retail banking, while MasterCard provides the payment network. Apple Card isn't officially open to everyone yet, but a lucky few have been invited to claim theirs early .
He fled the area in a tractor, which was found just over a mile from the crime scene, along with his prison identification. Watson had been tasked with mowing duties at 7 a.m. that day, with access to a golf cart and tractor.
Statistical forecasts in the research study are available for the total Cannabidiol (CBD ) s market along with its key segments. It provides Cannabidiol (CBD ) Market industry's historic data along with predictions for revenues, volume, and market size.
Universal Pictures announced Saturday it has canceled the theatrical release of its "satirical social thriller, " The Hunt ". The president also had harsh words for Hollywood in the tweet, saying "Liberal Hollywood is Racist at the highest level".
Chase forgives all credit card debt for Canadian customers
The Amazon and Marriott Visa cards were retired in Canada previous year , but many users were still paying the cards off. Industry expert, Patrick Sojka, reckons that Chase Bank waived the debt instead of wasting operational costs.
Lana Del Rey Releases New Song ‘Looking For America’
Lana Del Rey's take on Donovan's classic " Season of the Witch ", meanwhile, was recorded at the request of del Toro himself. Celebrities aren't going to let it die down, everyone is contributing in the little ways they can.
Pennsylvania day care centre fire kills 5 children
Firefighters have not determined a cause, however, they are looking at the possibility that the fire may have been set. Szocki of the Erie Police Department said the victims died in a fire in Erie reported at about 1:15 a.m.
Google Maps adds Timeline and travel reservations
And Google doesn't say which airlines and routes the price guarantee is available for; we've reached out for more information. These include searching for hotels, restaurants, and things you can do in the city that you are visiting.
Why is Rajamouli Silent on Saaho Trailer?
The trailer of " Saaho " released in four languages - Malayalam, Tamil, Telugu and Hindi. This movie is produced by Vamsi - Pramod under the banner of UV Creations.
Countries should ensure sustainable land use
The special report also said that 25-30% of all food produced is lost or wasted, contributing more greenhouse gases. The scientists say it's contributing to global warming. "We also need social security systems for these farmers".
Make a wish upon the Perseid meteor showers
With only a few days to go, we're here to let you know all the best 2019 Perseid Meteor Shower viewing locations in Ontario . The meteor shower typically produces up to 80 meteors an hour but with a bright Moon, the numbers can drop drastically.
Sea to Sky Gondola in Squamish closed after cable collapse
RCMP Inspector Kara Triance told CBC experts would know the difference between a faulty cable and one that was cut deliberately. The Sea to Sky Gondola in Squamish, B.C., is closed after some of its cabins plummeted to ground early Saturday morning.
Jerusalem: Clashes at holy site leave several injured
It was not clear if he was a member of an armed group, and no one immediately claimed responsibility for the attack. It also includes Church of the Holy Sepulchre, one of the most sacred Christian sites in the world.
Stormi sings happy birthday for 'mommy' Kylie
The now 22-year-old documented the whole event on her Instagram feed, sharing mini videos and photographs of the festivities. Her boyfriend Travis Scott is to be blamed as he is busy spoiling his ladylove with extra love and care and roses and gifts.