OPEC cuts forecast for global oil demand growth in 2019
14 October, 2018, 09:45
Brent crude futures fell $2.10, or 2.5 per cent, to $80.99 a barrel.
US oil prices further dived 3.01 percent Thursday amid a rise in petroleum stockpiles and a deep fall of stock markets.
Early in the session, crude rose as global equities were set for their biggest daily gain in almost a month.
The group reduced its estimates for the expansion in global consumption in 2018 and 2019, citing slowing economic activity in emerging markets. US crude futures fell 2 cents to $70.95.
Mangalore replied "no comments" when contacted by email.State-owned oil producer Saudi Aramco was not immediately available for comment.Given their dependence on Iranian oil supplies, the Indian refiners are concerned about the loss of Iranian crude once the sanctions start and are seeking exemptions.
EIA estimated Brent crude oil spot prices averaged 79 dollars a barrel in September, up 6 dollars from August.
Oil prices dropped 2 per cent on Wednesday as US equity markets broadly fell, even though energy traders anxious about shrinking supply from Iran due to US sanctions and also kept an eye on Hurricane Michael, which closed almost 40 percent of US Gulf of Mexico oil output. As mentioned in yesterday's daily update, October exports have fallen to around 1M barrels a day (from a peak of 2.5M earlier this year) according to tanker and industry sources. In fact, Saudi Arabiasaid they are not aware of any refiner that needed oil and was not able to obtain it. OPEC has been under the hit list from the US for declining the increased outcome to answer rising oil prices. The OPEC's 15 countries have amplified the crude oil outcome in last month to 33.07 million barrels per day-that is the 180,000 barrels per day surge from August-as per the Platts survey of analysts.
"The bearish alarm bells are ringing for next year's oil balance as market players brace for the return of a supply surplus", said Stephen Brennock of oil broker PVM.
According to EIA, the weekly USA crude oil output was 16.2 million barrels, 352,000 barrels per day less than the previous week. As reported by S&P Global Platts, the analysts predict that while the US pressure on the regime of Maduro would not contain limitations on the USA imports of Venezuelan crude oil, it could contain new restrictions on the USA refined product exports and light oil exports to Venezuela.
Governor Rick Scott said state officials still "do not know enough" about the fate of those who stayed behind in the region. Michael's powerful winds and surging seas knocked row after row of Mexico Beach beachfront homes from their foundations.
Evans first played Steve Rogers, also known as Captain America , in " Captain America : The First Avenger " in 2011. Avengers: Infinity War ended with - spoiler alert, but come on - Thanos "snapping" away half the universe.
Argentina beat Iraq 4-0 on Thursday with a new-look side, taking their unbeaten run since Russian Federation to three games. The former World Cup victor took charge of Lionel Messi and Argentina at the 2010 World Cup in South Africa.
The Bedouin village is said to be slated for demolition and Palestinian villagers have been protesting against the imminent move. They added that Hamas leader Ismail Haniya also attended the protests east of Gaza City and hailed the ongoing demonstrations.
The climbers had been waiting for the bad weather to clear so they could begin their climb on the unsafe Himalayan peak. Police said local villagers spotted the bodies on the lying slopes of the mountain peak after the storm hit.
The Met Office's amber flooding warning in Wales will be in place until 6pm while other flood warnings are in place in Scotland. There has also been reports of tress down and flooding in parts with warnings of hazardous conditions through the day.
The new role as manager of AS Monaco is a homecoming for Henry as he started professional football career with them in 1994. He scored at least 20 league goals in six consecutive seasons and became Arsenal's all-time leading goalscorer.
The worst affected area was in Sumenep district, East Java, where three people died in one village and several homes were damaged. Longki Djanggola said the disaster relief period, due to expire on Saturday, was extended by two weeks to October 26.
The feature will first roll out in New York, Atlanta, Phoenix and the San Francisco Bay with the rest of the U.S. following later. Google has just announced the Pixel 3 , its new Android-powered smartphone, in a bid to compete with Apple's recent iPhone Xs .
Sancho's England debut impresses Kane and Dier
England picked up their first Nations League point, and much will now depend on their Wembley meeting with Croatia . And former England worldwide Pearce believes Henderson proved himself the better of the two after the World Cup .
Federer survives Medvedev scare in Shanghai
He will face Spain's Roberto Bautista Agut for a quarter-final spot as he continues his quest for a third title in Shanghai . Number two seed Djokovic nailed his place in the last 16 on Tuesday with a convincing victory over Jeremy Chardy .
Yankees Red Sox free live stream, TV Game 3 ALDS
There were four replay challenges in the first four innings - all involving calls by first base umpire Angel Hernandez . Red Sox: 1B Mitch Moreland sat out after leaving Game 2 when he hurt his right hamstring running the bases.
Apple video content will be free to users
In short, 89% of all iOS devices are now running an iteration of iOS that, at the most, is about 1-year-old. But a new CNBC report , citing sources familiar with the matter, may be giving us a clearer picture.
US, Russian astronauts reach Russia after emergency landing
The latest failure yesterday, amid a long string of Russian rocket crashes, was another black eye for the Roscosmos space agency. Officials are also investigating the unusual hole recently found in a Soyuz spacecraft aboard the International Space Station .
Ryan Coogler Returning to Direct 'Black Panther 2'
According to the Hollywood Reporter , the original film's director, Ryan Coogler has signed on to write and direct its sequel. It is unknown if " Black Panther 2 " will now become his primary focus if he will still tries to squeeze that smaller film in.
Rare Polio-like Illness On The Rise In Children
There isn't a vaccine that could prevent AFM and there isn't a vaccine that causes the condition, medical experts said. Hallberg said. "So we've seen that there's an association between viruses, specifically enterovirus, in the past".
Money man Thomas aiming for KL hat-trick
The always evolving DRAFT app now offers auctions for PGA, but I personally have not dabbled in those quite yet. Eight players including 2015 and 2016 champion, Justin Thomas carded 66 each for Tied-6th place.
India wins seat at United Nations Human Rights Council
In Cameroon, HRW said government forces and armed separatists had committed "grave abuses" in the country's Anglophone region. Along with India, Bahrain, Bangladesh, Fiji and Philippines had also staked a claim in the same regional group.