Industrial: City of industry

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Trump says OPEC+ planning to cut production 20 mn bpd

first_imgYet traders remained nervous about a supply glut, and the US benchmark WTI oil price finished down 1.5 percent at $22.41 in New York trading, while Brent ended up 0.8 percent at $31.74.OPEC members dominated by Saudi Arabia and other producers led by Russia have been negotiating a deal to cut production and support prices for days. Mexico balked at an agreement on Friday, leading Trump to step in and say the US would help Mexico meet its end of the bargain.After a Sunday videoconference, the top producers agreed to slash daily production by 9.7 million barrels from May, according to Mexican Energy Minister Rocio Nahle, down from the 10 million barrels a day envisioned earlier. The agreement between the Vienna-based Organization of the Petroleum Exporting Countries and non-OPEC producers foresees deep output cuts in May and June followed by a gradual rise in production until April 2022.But with demand down by about 25 million barrels per day and North American producers shutting down their rigs because they don’t have space to store their crude, Dan Pickering, chief investment officer at Pickering Energy Partners, told AFP the deal’s benefits are likely to be seen only later in the year.”The reality is things are bad. They are going to stay bad for a couple of months,” he said. Topics : Top global oil producers are considering slashing output by 20 million barrels a day under the terms of a deal to boost prices, US President Donald Trump said on Monday.Trump’s remarks came after OPEC producers and their allies agreed on Sunday to cut production by 9.7 million bpd, which some analysts feared would be too little to stem the damage from the combination of plunging demand amid the coronavirus pandemic and a price war between Russia and Saudi Arabia.”People are saying 10 million but we think the number they will actually hit is going to be closer to 20 million barrels a day,” Trump said at a press briefing about the coronavirus, referring to how much oil production would be cut.  Not enough? Trump cheered the agreement Monday, saying, “It’s a very monumental agreement.”With countries putting their populations under lockdown, the coronavirus pandemic has caused an economic decline and a global demand slump that has sent oil prices to two-decade lows.Meanwhile, Russia and Saudi Arabia ramped up output in a price war to hold on to market share and undercut US shale producers.Calling Trump’s goal “aspiration,” analyst Andy Lipow said the market reaction to the OPEC+ deal has been “muted,” as uncertainty remains over the degree to which producers will comply with the cuts.”Lots of questions… remain, as far as compliance and ultimately how much oil is actually taken off the market,” he said. “Any increase in prices over the next few months is going to encourage producers to keep on producing.”Storage tanks have also rapidly filled up, and Lipow said markets are watching major economies like China and India to see whether they will make more purchases for their national reserves to free up capacity.Trump announced last month the US would buy “large quantities of crude oil” for storage in the Strategic Petroleum Reserve.Producers have resigned themselves to tough times, with Russian Energy Minister Alexander Novak saying he did not expect oil markets to recover before “end of the year, in the best case,” according to Russian news agency TASS.Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman suggested on Monday further cuts could come when OPEC meets in June.”Flexibility and pragmatism will enable us to continue do more if we have to,” he told Bloomberg. “We have to watch what’s happening with demand destruction or demand improvement, depending on how things evolve.” And he said such a deal could protect millions of US jobs. “This historic action will help nearly 11 million American workers who are supported by the US oil and gas industry.”Trump had already tweeted about the deal earlier in the day.”Thank you to all of those who worked with me on getting this very big business back on track, in particular Russia and Saudi Arabia,” he wrote.last_img read more

AGO names new suspect in prosecutor Pinangki’s bribery case

first_imgNasDem deputy chairman Ahmad Ali said the party had dismissed Andi after he was named a suspect. The party would not provide legal assistance to him either, Ahmad said on Wednesday as reported by tempo.co.The KPK also said it had received the suspect from the AGO.“The suspect will be subjected to self-isolation for 14 days at lot C1 of the detainment center,” spokesperson Ali Fikri wrote in a statement on Tuesday.The antigraft agency had previously said it would be ready to take over Pinangki’s case as long as it met certain requirements of the KPK Law. The statement came amid public pressure on the KPK to take over the case, believing that the antigraft agency could handle the case more objectively.However, Hari said the AGO would not hand over the case to the antigraft agency, promising to work optimally and transparently to solve the case.In the case, Djoko allegedly conspired with Pinangki to get the Supreme Court to acquit him and overturn the court’s decision from 2009 declaring him guilty of involvement in the high-profile Bank Bali corruption case. (mfp)Topics : The Attorney General’s Office (AGO) has named NasDem politician Andi Irfan Jaya a new suspect in a bribery case implicating prosecutor Pinangki Sirna Malasari and detained him at the Corruption Eradication Commission (KPK) detention facility as part of coordination between the two legal forces.Andi was named a suspect on Tuesday for allegedly being the middleman in Pinangki’s case. The AGO named Pinangki a suspect in a bribery case as she was accused of receiving a US$500,000 bribe from graft convict Djoko Soegiarto Tjandra.“We are detaining the suspect today at the KPK’s detention center. This is a form of our coordination,” AGO spokesperson Hari Setiyono told reporters Wednesday, as quoted by kompas.com.last_img read more

Turkey ‘disappointed’ by Kosovo’s move to recognise Israel

first_imgThe ministry called on the Kosovo leadership to avoid such steps that would harm the legal status of Jerusalem.Israeli Prime Minister Benjamin Netanyahu said Friday Serbia will become the first European country to transfer its embassy to Jerusalem. Kosovo will also set up its Israel mission in Jerusalem and in exchange earn Israel’s recognition, as it seeks to further legitimise its statehood.Those decisions came out of a US-brokered agreement between the two Balkan rivals.  In a separate statement late  Saturday, the Turkish foreign ministry said it was also “deeply concerned” by Serbia’s move.Israel seized control of East Jerusalem in 1967 and later annexed it in moves never recognised by the international community.Israel considers the city its undivided capital, but Palestinians see the mostly Arab eastern part of Jerusalem, including the Old City with its holy sites, as the illegally occupied capital of their future state. The United States in December 2017 recognised Jerusalem as Israel’s capital and shifted its embassy from Tel Aviv to the city, sparking Palestinian outrage. Topics : Turkey on Sunday voiced disappointment over majority-Muslim Kosovo’s decision to recognise Israel and set up its mission in Jerusalem.A vocal advocate of the Palestinian cause, Turkey became one of the first countries to recognise Kosovo, which declared its independence from Serbia in 2008. “Even the thought by Kosovo officials of taking such a step — which is a clear violation of international law — is disappointing,” the Turkish foreign ministry said in a statement. last_img read more

Fury handpicks Liverpool street artist for poignant mural

first_imgHeavyweight boxing champion, Tyson Fury, commissioned a street artist from Liverpool to create a mural at his new gym. Fury, who holds the WBC version of the heavyweight championship, hand picked Liverpool man John Culshaw to create a scene from his victory over American fighter Deontay Wilder. John, 33, who lost an arm in a childhood accident, has enjoyed a growing reputation in the city over the last year after completing a number of eye catching murals. Last summer he completed a mural of the Liverpool FC manager on the front of Klopp’s Boot Room in Anfield. But the boxing fan was thrilled when he was told that Tyson Fury wanted him to complete a frieze at his Fury foundation gym in Morecambe. John said to the ECHO : “I created a mural of Tyson at a gym in Ormskirk called Conquest Fitness which is run by Kristian Blacklock. “Tyson trains there and loved it, and then Kristian told me that the big man wanted me personally to create something similar at his new gym in Morecambe. “But I had to get it done over one weekend. I drove up on the Saturday and Tyson was there, waiting for me. He wanted to know if I needed anything and I said yes, I need some ladders. “He just went out and got them for me. I thought he might have sent someone else but he did it himself. He was just like one of the lads. “We had a chat about the project and I showed him a still of the Wilder fight which I wanted to recreate. He said yes and that was it really. “He was really pleased with it on the Monday and I was just relieved that I managed to finish it on time and did not let him down.” Loading… Fury posted a short video on Instagram in which he unveiled the art work. He said: “What a painting John. Fair play, that is impressive. Very impressive.” Fury is now in training for his much anticipated third fight against Deontay Wilder after stripping the American of his title during an explosive encounter earlier this year. The highly lucrative re-match is expected take place later this year or at the start of 2021. John said: “Yes I am hoping my work can inspire Tyson during this camp and win again against Wilder.” John, who grew up in the Page Moss area, was hit and nearly killed by a speeding car when he was nine-years-old. Although John lost his arm in the accident he has refused to let the injury get in the way of his life. read also:Joshua to Fury: It’s time for you to retire John later trained as a painter and decorator, and then became involved in street art. He uses spray paint to create murals and has worked across Liverpool and Manchester. Last year John received a lovely compliment from Steven Gerrard after he created an art work of the former Liverpool captain and Peter Reid at a barbershop in Huyton. John has previously told the ECHO that he would love to create a giant mural of a boxing icon on the outside of his uncle’s gym in north Liverpool. FacebookTwitterWhatsAppEmail分享 center_img Promoted ContentUnusual And Unique Beauty Of Indian WomenPlaying Games For Hours Can Do This To Your BodyA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Day10 Risky Jobs Some Women Do8 Ways Drones Will Automate Our Future6 Major TV Characters We Were Relieved To See Leaving The ShowWhy Do So Many Digital Assistants Have Feminine Names & Voices?What Is A Black Hole In Simple Terms?The Most Exciting Cities In The World To VisitTop 10 Most Romantic Nations In The WorldThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWho Is The Most Powerful Woman On Earth?last_img read more

Batesville Farmers Market is now two days a week starting tomorrow

first_imgBatesville, IN—Are you wishing that you had fresh produce for the holiday weekend? Well thanks to a vote this month by the Batesville City Council, the farmers that bring you the Batesville Farmers Market each Saturday will now also have the market open on Wednesdays starting tomorrow. The Batesville Farmers Market is in the Village Green parking lot and will be open Wednesday from 3:30 pm to 6:30 pm.  This Wednesday Matthew Lamping will be playing music while you shop thanks in part to a sponsorship from the Batesville Area Arts Council.  There will also be fresh homemade ice cream for sale.last_img read more

Ellsworth boys’ tennis team advances to semifinals

first_img Bio Drive-thru flu shot clinics scheduled – September 18, 2020 Latest Posts Real Estate Transfers Week of Sept. 17 – September 18, 2020 Donald Trump Jr. to host Holden campaign event – September 18, 2020 Latest posts by (see all) ELLSWORTH — The Ellsworth boys’ tennis team beat Foxcroft Academy 4-1 on Thursday in the Class B quarterfinals at home.The No. 1 Eagle boys will play No. 4 Caribou in the semifinals on Saturday in Ellsworth.Boys: Ellsworth (13-0) 4, Foxcroft (10-4) 1Singles: Fernando Caceres (FA) def. Evan Toothaker 6-0, 6-1; Alec Toothaker (E) def. K.O. Zhong 6-3, 6-2; Adil Khan (E) def. Guillermo Sanchez 6-1, 6-1.This is placeholder textThis is placeholder textDoubles: Anthony Gardner-Jarred Whitney (E) def. Woo Jun Kim-Bram Dennis 7-6 (3), 6-1; Kyle Lima-John Fendl (E) def. Kazu Kawashima-Matthew Biamonte 6-0, 6-1.As for the No. 5 Ellsworth girls, they lost their quarterfinal 3-2 to No. 4 Oceanside after defeating No. 12 Erskine 5-0 in Tuesday’s prelim.Both the George Stevens Academy teams notched wins Thursday to advance to the Class C semifinals.The No. 1 GSA boys beat No. 9 Deer Isle-Stonington 5-0. They will play Fort Kent on Saturday.Boys: GSA (12-1) 5, DIS (4-10) 0Singles: Tate Yoder (GSA) def. Matt Duddy 6-2, 6-0, Nate Boechat (GSA) def. Paul Zoephel 6-1, 6-2, Luke Theoharidis (GSA) def. Cameron Wendell 6-2, 6-4.Doubles:Tim Dentino-Matt Stephens (GSA) def. Cody Eaton-Justin Eaton 6-2, 6-0, Aiden Byrne-David Reinke (GSA) def. Marvin Merritt-Brendan Penfold 6-0, 6-2.The No. 2 GSA girls beat No. 10 Fort Kent 3-2. They will play No. 3 Van Buren on Saturday.Girls: GSA (10-3) 3, Fort Kent (5-9) 2Singles: Sophia Chen (GSA) def. Alexa Pelletier6-1, 6-2;  Adrian Van der Eb (GSA) def. Brooke Jandreau 6-2, 6-3; Caitlyn Gray (FK) def. Erin Neihoff 6-3, 6-4.Doubles: Abbey Frost-Lindsay Nevin (GSA) def. Kassidy McLeod-Cassidy Lovely 6-1, 6-1; Sarah Pelletier-Autumn Bouchard (FK) def. Jenna Gray-Claire Yue 1-6, 6-4, 6-1.The No. 4 Sumner girls also remained alive in playoff action with a 4-1 win over No. 5 Piscataquis on Saturday. They will face either No. 1 Mattanawcook or No. 8 Orono in Saturday’s Class C semifinals.Girls: Sumner (10-3) 4, Piscataquis (10-4) 1Singles:Lucinda Wingert (P) def. Hannah Fleming 6-1, 6-0, Tianah Johnson def. Alana Page 6-4, 6-4, Julia Tardy def. Mariah Chapman 6-1, 6-2.Doubles: Delaney Woodward-Nicole Forni def. Katie Haley-Morgan Hutchins 7-5, 6-4, Bethany Wilbur-Gina Bybee def. Danika Hill-Carolyn Mumley 6-3, 2-6, 7-6 (7-5).last_img read more

Third annual Chin Chan Cycle Store 55-miler set for Easter Sunday

THE cream of the nation’s cyclists will compete in six categories on Easter Sunday when the third annual Chin Chan Cycle Store-sponsored 55-mile road race pedals off.The race will begin at Grove on the East Bank of Demerara and proceed to the Coca Cola sign on the Soesdyke/Linden Highway before returning to finish at the point of origin.The top six Seniors, along with the top three in the Juniors, Juveniles, Upright, Under-45 and Over-45 categories, would all be handsomely rewarded according to the organisers.They have also disclosed that Cube Davis, owner of Team Coco’s, Tony Chung of Auto Body Works and Mark Duke-McWray along with Auto Body Works (all based in the USA) have all chipped in with sponsorship.The notable names to watch would be Hamza Eastman who has won the 2017 and 2018 races while Romello Crawford, Jamual John, Curtis Dey, Paul De Nobrega, Andrew Hicks, Deeraj Garbarran, Christopher Griffith, Junior Niles, Raymond Newton, Briton John, Ian Jackson, Jaikarran Sukhai, Paul Choo-Wee-Nam, Warren McKay, Lear Nunes, Alexis Mendes and Adealie Hodge would all fancy their chances of cashing in big on Sunday.Race time is 09:00hrs and the entrance fee is $2 500. read more

Australia into Women’s T20 World Cup final after beating South Africa

first_imgAUSTRALIA defied the rain to beat South Africa by five runs on the Duckworth-Lewis-Stern method and set up a Women’s T20 World Cup final against India.Defending champions Australia were able to post 134-5 from their 20 overs after a delayed start, with captain Meg Lanning top-scoring with 49.South Africa, who were chasing a rain-revised 98 from 13 overs, crumbled to 24-3 and were always behind the rate at the Sydney Cricket Ground despite Laura Wolvaardt’s unbeaten 41 from just 27 balls.However, Australia will take heart from a superb bowling performance that left South Africa’s captain, Dane van Niekerk, close to tears at the end of the match as her side once again missed out on a first global final.Australia have featured in every T20 World Cup final since 2010, and have claimed the title four times.At one point, Australia were nine minutes from elimination, with heavy rain falling as the cut-off time approached, knowing that if the game was abandoned without a result, South Africa would advance to the final because they were Group B winners.However, the rain cleared and their bowlers excelled. Megan Schutt took 2-17 from her three overs and Australia’s spinners cashed in as South Africa tried to hit them out of the ground.With the persistent rain slowing down the outfield, and South Africa consistently finding the fielders, Australia were able to pile on the pressure.Australia will know they have got to the final without playing their best cricket – but it is their will to win, and the way they have fought through difficult positions with the bat has propelled them to Sunday’s final at the Melbourne Cricket Ground.And with Australia in the final, organisers will be hopeful of breaking the record for the highest attendance at a women’s sporting event.South Africa came agonisingly close once again.South Africa had a long huddle before they took to the field but they were left in tears after once again missing out on the final.In the 50-over World Cup three years ago they narrowly lost to eventual champions England in the last four, and they once again came close here.They capitalised on Australia’s unusually shaky batting line-up, having Alyssa Healy caught at mid-wicket before fellow opener Beth Mooney was bowled by the excellent Nadine de Klerk.It was only Lanning who looked comfortable for Australia. She was able to rotate the strike before hitting out with four fours and one six.de Klerk, recalled in Marizanne Kapp’s absence, was superb, mixing up her pace well to take 3-19, and her performance will be one positive on a heartbreaking night for Van Niekerk’s team. (BBC Sport).last_img read more

Syracuse squeaks by RIT on Piacentini’s overtime goal

first_imgAfter Rochester Institute of Technology erased a two-goal deficit late in the third period, it seemed the intermission song “Last Friday Night” would ring true for the hosts after the momentum shifted to the Tigers in the waning minutes.Seven nights ago RIT came back to beat Syracuse 4-3 in Rochester. This Friday, the Tigers were on the verge of a repeat performance. But less than one minute into overtime, Syracuse sophomore forward Melissa Piacentini slipped the puck through the five-hole of RIT goalie Jetta Rackleff. The previous Friday night was erased and Syracuse let out a long breath as the 5-foot-2 spark plug came to the rescue in the extra period.In a back-and-forth contest, the Orange (12-9-2, 4-4-2 College Hockey America) was able to prevail over the Tigers (10-12-2, 5-4-1) by a score of 5-4 before a crowd of 315 fans at Tennity Ice Pavilion on Friday night. Piacentini netted the winner on her second goal of the night, a week after losing to RIT on a late goal minutes after relinquishing a comfortable lead.“It was awesome,” Piacentini said. “It almost felt like revenge on them just because they beat us on Friday.”AdvertisementThis is placeholder textPiacentini opened up the scoring less than three minutes in after taking the puck coast to coast for a lengthy wrist shot.The Tigers, however, responded with goals from Kolbee McCrea and Morgan Scoyne, the latter of which came when Syracuse was a player down, which prevented SU from gaining any traction for most of the first period.The disgruntled home fans could see the same sentiment from head coach Paul Flanagan, as he slammed the small rink-side door before heading to the locker room at the first intermission.“That was frustrating for us,” Flanagan said. “It’s very disrupting when you don’t get a chance for your team to be on the power play.”After a dry spell in the second period in which Syracuse pestered the net with many of its 49 shots on the night, freshman forward Jessica Sibley was finally able to find the net with just over a minute remaining.The goal was Sibley’s eighth on the year and came on a Syracuse power play. It also took advantage of a pregame strategy implemented by Flanagan.“We shot to the left sometimes and she robbed us,” Sibley said. “But we knew that her block side wasn’t good, so we started going there and it worked for us.”Heading into the final period, the Orange had double the amount of shots as the Tigers, but the extra attempts weren’t paying dividends on the scoreboard. After the first nine minutes of the final frame were played relatively evenly, Syracuse finally broke through.Junior forward Allie LaCombe pounced on a scuffle in front of the net and slotted home the goal to give the Orange its first lead since the midway point of the first period. Less than four minutes later, Sibley sliced and diced through several RIT defenders, placing the puck neatly in the top left-hand corner. It was a highlight-reel goal that she said was one of the best she’s ever scored.But after goals by Melissa Bromley and Marissa Maugeri, the score was once again deadlocked, this time at four goals apiece.“We made a couple missed coverages on a couple of the goals and that really cost us, particularly that fourth goal,” Flanagan said. “The third goal, I don’t think (goalie) Jenesica (Drinkwater) saw it. It was just that puck had eyes and it got in.”The Orange controlled the overtime, holding possession and rattling off three shots before the fourth found the back of the net to secure the victory, its fifth in the last six games.The grittiness of the contest was nothing new for the Orange, as many games this season have seen close finishes due to missed opportunities.But Friday, SU rode the stick of Piacentini to a relieving win. “It happens quite alot, which is one of our flaws, that our consistency can be off,” Piacentini said. “We all knew that a two-goal lead wasn’t a great lead, so we wanted to keep pushing forward.” Comments Published on January 18, 2014 at 1:02 pm Contact Matt: mcschnei@syr.edu | @matt_schneidman Facebook Twitter Google+last_img read more