Crude Settles Down Ahead Of API Reading On US Stockpiles
Sep 23, 2017, 01:19
US gasoline stockpiles fell by 2.13 million barrels last week to 216.2 million, the Energy Information Administration reported Wednesday.
Oil prices remained at $55.50 per barrel despite reduced output from OPEC that aims to constrict the market and shore up the prices.
Iraq, the second largest producer in the Organization of the Petroleum Exporting Countries, said on Tuesday it has limited its output by around 260,000 barrels per day (bpd), exceeding the 210,000-bpd agreed under OPEC production cuts.
Brent for November settlement advanced $1.03 to $56.17 a barrel on the London-based ICE Futures Europe exchange.
Brent crude futures were up 48 cents at $55.62 a barrel by 1020 GMT, while US West Texas Intermediate (WTI) crude futures rose 54 cents to $50.02.
That's the contention of Bloomberg, which again pointed to International Energy Agency data showing that if OPEC continues to produce at current rates - about 32.7 million barrels per day (bpd) - global inventories will accumulate rather than diminish next year, by about 300,000 bdp.
Refinery crude runs rose by 1.1 million barrels per day, EIA data showed.
Meanwhile, the American Petroleum Institute, an industry group, reportedly said Tuesday that US crude inventories had risen by 1.4 million barrels in the week ended September 15.
Oil prices dipped during Thursday's trade due to hike in United States crude inventories and production as well as stronger dollar.
While Iraq's Oil Minister Jabbar Al-Luaibi said on Tuesday that some nations were talking about a further 1 percent cut, his Russian counterpart Alexander Novak told RIA Novosti on Wednesday that there's no formal proposal to do so. "The question now is whether the $50-per-barrel WTI price is attractive enough for shale producers to sell their production forward".
Japan appears to be taking no chances as they moved missile batteries to beneath the preferred flightpath of North Korea. US officials scrambled to stress diplomatic options remained open after Trump used his U.N.
The petition was filed by two Rohingya Muslims-Mohammad Salimullah and Mohammad Shaqir-who are now living in India. Their petition says that the Centre's plan to deport them violated worldwide conventions.
The twin Voyagers swung by Saturn in the 1970s and '80s, giving scientists a rough outline of the planet and its moons. NASA hopes that the spacecraft will now help them in getting an inside out view of Saturn in the last stage.
The scheme, a successor to the BSPS dubbed BSPS II, will be sponsored by Tata Steel UK and its Port Talbot plant. Tata blamed £1m a day losses on cheap imports of Chinese steel, high energy costs, and weak demand.
He said it was " possible " that Hillary Clinton's narrow victory in the state was the result of illegal voting, too. CNN ran a story Tuesday titled, "12 white men - and no minorities - to testify at Trump voter commission meeting ".
The Indian shuttler then defeated Thailand's Nitchaon Jindapol in a closely-contested 22-20, 21-17 second round match. Sameer, meanwhile, lost to South Korean top seed Son Wan Ho 22-20, 10-21, 13-21 in an hour and nine minutes.
In recent years, there have been tensions between Baghdad and Kurdistan over power-sharing, oil revenues and territorial disputes. The Iraqi government believes that holding the referendum would violate the terms of the country's constitution.
Apart from Ranveer and Deepika, Padmavati also stars Shahid Kapoor as Rani Padmavati's husband, Raja Rawal Ratan Singh. The intense and bold look of Deepika will surely depict that Padmavati is going to be an fantastic historical tale.
Many were city halls, schools and other official buildings, according to local news reports. According to reports , those responsible for the threats were still not located.
Watchdog: nuclear warheads still building up in 4 countries
Besieging the effort, however, is the nuclear-armed world. "Nuclear arms offer a false sense of security", the archbishop said. Dozens of countries have signed a treaty to ban nuclear weapons amid tensions over North Korea's nuclear and missile tests .
Pelosi faces hostile reception at San Fransisco rally
Additionally, Trump himself said earlier that as far as Dreamers were concerned, he had "a big heart" and they needn't worry. At a second DACA rally at Sacramento State University Monday evening, she got a do-over.
Who loves a parade? Trump wants to showcase military might
During the Cold War, the practice was avoided as it was feared that it would look like the US was mimicking the Soviet Union. But we had a lot of planes going over, and we had a lot of military might and it was really a lovely thing to see.
Ryanair cancellations leaving passengers up in the air
The holiday issue arose from a change from holiday allowance in the company running for a fiscal year to a calendar year. It also faces paying compensation of 250 euros ($300) per traveler for flights canceled on less than two weeks' notice.
'Kohli better than Smith in limited overs'
An India-Australia series played without fireworks on the field, without the sledging and banter is a rarity. Faulkner said it would be a "test" of character for Australia to beat in-form India at home.
Arizona Cardinals RB David Johnson reportedly out 2-3 months
He is expected to miss two to three months after undergoing surgery to fix a dislocated wrist, ESPN's Adam Schefter reported. Johnson suffered a wrist injury Sunday in the season opener against Detroit that needs surgery, as first reported by ESPN.
Wisconsin Electric Co-ops Helping with Florida Relief
From the Rappahannock Electric Cooperative, crews will be helping the Edisto Electric Cooperative of Bamberg, South Carolina. They will be assisting sister cooperative, Clay Electric, in restoring power to residents hit by Hurricane Irma.
Record-setting flooding in Jacksonville area from Irma
Miami International Airport, one of the busiest in the country, halted passenger flights through at least Monday. The Keys are cut off from the mainland, as the 42 bridges that link them are being assessed for damage.
Clemson is top Tiger; defense keys win over Auburn
Swinney in particular paid kudos to Wallace, the sophomore who finished with three tackles and logged significant minutes. Bryant looked like he might be seriously hurt when he hit the ground hard after running backward with Russell in pursuit.