Saudi Arabia signals longer-term oil pact with Russian Federation
Oct 24, 2018, 01:47
Oil fell to the lowest level since August after Saudi Arabia pledged to meet any supply shortfall that materializes from Iranian sanctions and as tumbling equities weakened sentiment.
Saudi Arabia's energy minister has used public comments over the past week to tone down the kingdom's veiled threat to use oil as a political weapon to retaliate against possible sanctions related to the Khashoggi killing.
Brent crude, the global oil benchmark, fell 2.7 per cent to trade below $78 a barrel this afternoon as the comments helped ease fears over a looming supply crunch.
"As long as America targets Iran, one of the biggest crude producers, with sanctions, the volatility in the oil market will continue", Tasnim news agency quoted Oil Minister Bijan Zanganeh as saying.
Iran's Oil Minister Bijan Namdar Zanganeh said oil exports remain "unstoppable" and the market will be in "turmoil" as long as the US imposes sanctions on the Persian Gulf nation's energy industry, Tasnim news agency reported. Washington is largely depending on Saudi Arabia to fill the gap left by the loss of the Iranian barrels. "So we have to use oil reserves". We work to stabilize global markets and facilitate global economic growth.
"I cannot give you a guarantee, because I cannot predict what will happen to other suppliers", Falih said, when asked whether the world can avoid oil hitting $100 per barrel again. "That policy has been consistent for many years", Falih said.
USA crude oil production has climbed by nearly a third since mid-2016 to around 11 million barrels per day, and rising drilling activity points to further increases.
Saudi's foreign minister Adel al-Jubeir said to United States broadcaster Fox: "This was an operation that was a rogue operation". He added that Riyadh had capacity to increase output to 12 million bpd and Gulf OPEC ally, the United Arab Emirates, could add a further 200,000 bpd.
That was followed by a 6.8 quake at 11:16 p.m., a 6.5 magnitude quake at 11:23 p.m., a 4.9 at 11:36 p.m., a 4.3 at 12:13 a.m. More than 1000 earthquakes take place around the world every year - majority in area sitting on the Ring.
The Turkish authorities say they have audio and video evidence of the killing - although these have not been made public. Still, the State Department said in an email reply to ABC News that Pompeo had not heard the recording.
Monday, Michael's top sustained winds were around 80 miles per hour as it headed north at 9 miles per hour . Rick Scott has declared a state of emergency for 26 counties in Florida's Panhandle and Big Bend areas.
The handset comes with a fingerprint sensor on the rear unlike the in-display fingerprint sensor found on the Mate 20 Pro . In terms of connectivity, the handset offers 4G LTE, Wi-Fi 802.11ac, Bluetooth v5.0, GPS/ A-GPS, and a USB Type-C port.
The two-person crew aboard a Russian-made Soyuz rocket made an emergency landing in Kazakhstan today shortly after launch. Kremlin spokesman Dmitry Peskov said he expected Russian President Vladimir Putin would be briefed on the incident.
A Honduran-born leader of the migrant caravan rejected Trump's assertion that there were people from the Middle East in the group. Many of the South American countries who are also dealing with the caravan say they are trying to stop it reaching America.
Shares in Saudi Arabia plunged as the fallout over the disappearance of journalist Jamal Khashoggi got worse over the weekend. Earlier in the day, Ford Motor Chairman Bill Ford has also cancelled an upcoming trip to the Riyadh business conference.
Tropical Storm Michael formed near the Yucatan Peninsula on Sunday, and it's on track to wallop the United States. Scott said he will return to Tallahassee today for briefings from state and federal emergency officials at 5 p.m.
But even an extension would not get rid of the EU's insistence that such a backstop must be agreed to secure a deal. However, a European parliament official said there had been progress made towards setting a date for the meeting.
Afterward, the newlyweds plan a carriage ride through the streets of Windsor to give the public a chance to see them up close. But this royal wedding brings up a "genuine debate" about Britain's royal family, said BBC News' Simon Bates.
She told me that her husband disappeared at the end of September - since then, he went on a business trip to China. After a 40-year policing and criminal justice career, Meng is now China's deputy minister of public security.
White Woman Calls 911, Says Black Boy Groped Her
On Friday, a Pix11 news crew visited Klein's apartment; however, she refused to speak, instead calling 911 on the reporters. She could have walked away, but she didn't. "Cornerstore Caroline" talking to reporters of the whole ordeal.
Shanghai Masters 2018: Borna Ćorić beaten in the final
Novak Djokovic continued his superb form by beating Croatia's Borna Coric in the final of the Shanghai Masters . The Serb grabbed the opening set with a hold to love, having dropped just four points on his serve overall.
Hurricane Michael leaves 6 dead in US
Four of them drowned, including James King of Dry Fork, Virginia. "The community's pretty resilient", said Gregg Troy, 67. Further inland half the buildings were reduced to piles of wood, and those still standing had been left heavily damaged.
Hurricane Michael grows stronger on way to Florida
Mr Rick Scott told a news conference on Tuesday: " Hurricane Michael is a monster storm and it keeps getting more risky ". The Florida Fish and Wildlife Conservation Commission has 120 wildlife officers ready for search-and-rescue operations.
Kim Jong Un Invites Pope Francis to North Korea
It's also possible Pompeo wants to brief Trump - they are scheduled to have lunch on Tuesday - before any announcements are made. The first lady of South Korea , Kim Jung-sook, participated in the Mass with Korean bishops as a part of the festivities .
Trump says he’ll talk to Saudis about missing journalist
Turkish President Recep Tayyip Erdogan said the Saudis need to provide evidence to support their claim that he left the consulate. Security camera footage shows boxes being loaded into the van, which carried diplomatic number plates.