Oil prices at highest level in three years

US President Donald Trump has been pressuring OPEC and in particular Saudi Arabia to ramp up output by as much as 2 million barrels a day

Oil prices steadied on Monday as an increase in U.S. drilling, likely to lead to higher shale production, balanced evidence of tightening supply.

Extra output is needed because oil demand has been rising fast this year and supply from several parts of the world, including Venezuela and Libya, has been falling.

Buyers including Syria, India, China and Turkey are expected to remain customers, despite the U.S.'s desire to reduce Iran's exports to zero, Mr. Khoman added.

Global benchmark Brent was up 14 cents, or 0.2 per cent, at 77.25 a barrel by 0113 GMT.

USA gasoline prices are at a four-year-high this year as a result of the higher price of crude.

Mounting supply concerns could push Brent above $85 per barrel, MUFG Bank said in a note.

Tata Motors’ global sales up 10% in June
It had sold 90,966 units in June a year ago . 33% of the total cars exported from the country are JLR vehicles. Jaguar wholesale units for the month were 10,354 vehicles, while those of Land Rover stood at 27,136 vehicles.

Father, 4 daughters killed in head-on crash; mother survives
Trooper 4 ( Delaware State Police Aviation) and Life Net ( Christiana Hospital Helicopter) are en route to the scene. The vehicle's roof appeared to have been cut off by rescue workers and was lying upside down on the ground nearby.

Roger Federer not concerned about start of World Cup game
He will play South African eighth seed Kevin Anderson or France's Gael Monfils in the last eight on Wednesday. The victor of that clash will take on either Japan's 24th seed Kei Nishikori or unseeded Ernests Gulbis .

Oil prices are likely to be weighed down by the trade conflict as investors are concerned about the impact of the tariffs and counter tariffs on global economic growth, analysts said.

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated oilfield.

That potentially adds to disruptions in other oil producers amid tensions in the Middle East. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.6% at $74.31 a barrel.

Libya's national oil production fell to 527,000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation said in a statement on Monday.

Oil prices climbed toward a 3½-year high Tuesday, supported by supply issues across several major producing countries and continued uncertainty on the extent USA sanctions on Iran will curb the Middle Eastern country's exports.

Bijan Zanganeh condemned the United States president for trying to politicize the decisions of the Organization of the Petroleum Exporting Countries (OPEC).


  • George Clooney injured in vehicle accident, reports

    Clooney was pictured stepping off a private jet with wife Amal and twins, Alexander and Ella, near the end of last month. On close inspection it is clear that the windscreen is smashed, which might have been caused by the incident.
    Singer Justin Bieber engaged to model Hailey Baldwin

    Singer Justin Bieber engaged to model Hailey Baldwin

    It appeared the Canadian superstar popped the question during a Bahamas trip after the couple recently got back together. Excited for the next chapter!" We went through a long period of time when we weren't friends.
    Frozen vegetables recalled from Aussie supermarkets over listeria concerns

    Frozen vegetables recalled from Aussie supermarkets over listeria concerns

    Woolworths - Essentials snap frozen mixed veg 1kg: Carrots, peas, corn, green beans & potatoes National distribution. Countdown has voluntarily withdrawn one if its frozen vegetable Bell Farms' products after a recall in Australia.
  • Tornado warning in effect for parts of southern Sask.

    Radar shows a thunderstorm near Redwater moving southeastward 50 km/h towards the Quebec border. As a last resort, people should lie in a low spot and protect their head from flying debris.
    France vs Belgium, a short history

    France vs Belgium, a short history

    He is facing his home nation. "He will be feeling divided loyalties tomorrow", France goalkeeper Hugo Lloris said on Monday. Captain Harry Kane is leading England´s charge with six goals so far, putting him top in the race for the Golden Boot.
    YouTube aims to crack down on fake news, support journalism

    YouTube aims to crack down on fake news, support journalism

    The grants will let new orgs build out video capabilities, train staff on video best practices, and enhance production facilities. In these urgent cases, traditional video won't do, since it takes time for news outlets to produce and verify high-quality clips.
  • Judge Denies Request to Detain Immigrant Families Together

    Judge Denies Request to Detain Immigrant Families Together

    But Gee called the government's argument "tortured" and rejected that request to change the agreement. The government had claimed in its filings that Sabraw's ruling trumped the Flores agreement.
    Final Rescue Mission For Trapped Thai Boys' Football Team Is Underway

    Final Rescue Mission For Trapped Thai Boys' Football Team Is Underway

    Soccer's governing body, FIFA, has invited the boys to the World Cup final in Moscow on Sunday if they make it out in time. Musk posted several videos to his Twitter account that show the submarine being tested in a swimming pool.
    Government Will Miss Deadline To Reunify Young Children With Parents

    Government Will Miss Deadline To Reunify Young Children With Parents

    And why did the government say they can't meet the deadline? That's only about half of the 100 or so children covered by the court order.
  • This is Microsoft’s $400 Surface Go

    This is Microsoft’s $400 Surface Go

    Available in 4GB RAM / 64GB storage , 8/128, 8/128 LTE and 8/256 LTE SKUs, but I don't think all of them will come out in one go. The Surface Go has all the trademark features of the Surface Pro , from a standard kickstand on the rear to a magnesium design.

    George Clooney reportedly hurt in motorcycle crash in Italy

    He was taken to John Paul II hospital in Olbia, Italy, for his injuries, but according to NBC News , has already been discharged. George and Amal were seen arrive in the island on a private jet at the end of June with their twins Alexander and Ella.
    Henderson hopeful on fitness for World Cup semi-final

    Henderson hopeful on fitness for World Cup semi-final

    We are not going to change for anybody we are going to continue playing the way we have been'. England and Croatia have not been in a World Cup semifinal since 1990 and 1998 respectively.


Latest news

George Clooney 'has been injured in a bike accident in Sardinia'
The drama - which Clooney is both directing and acting in - also stars Hugh Laurie, and is scheduled to be shown on TV next year. Clooney was taken to a hospital and the injuries are not believed to be serious, according to La Nuova .

Jonathan Rhys Meyers Detained By Cops After Tirade On American Airlines
We determined a male and his companion were having a verbal dispute during the flight and he got up and took a hit of e-cigarette. A further relapse took place in September a year ago , when the actor was spotted staggering around Dublin Airport.

United Kingdom queen misses christening of William and Kate's baby son
She kept her eye on the press pack as she and the rest of the family headed off for a private afternoon tea at Clarence House. The monarch was due to return to London on Monday ahead of a busy schedule of events including a meeting with U.S.

Jeremy Hunt appointed as Foreign Secretary after Westminster fall out
I look at that guy, he's got a career ahead of himself with a new programme called Love Yourself Island. He in turn is succeeded by Attorney General Jeremy Wright, who is replaced by Geoffrey Cox.

Australia monster croc caught after eight-year hunt
Known for its exotic and sometimes risky wildlife such as sharks and Tasmanian devils, Australia is home to over 150,000 crocodiles.

Boris Johnson quits as British foreign minister
Fianna Fáil has called on the new UK Brexit secretary to clarify what his plans are to avoid a hard border in Northern Ireland. There was a crisis in government, he said, adding: "It is clear this government can not secure a good deal for Britain".

Cherchesov promises Russian comeback in Qatar
You were the 12th, 13th, 15th and 16th player". "We wanted to go further, but we couldn't". "We trusted ourselves. He made the pledge during a meeting with fans in Moscow following Russia's elimination from the World Cup.

Researchers film glacier calving massive iceberg in Greenland
Later in the video, you can see two tabular bergs collide, splitting one in half and overturning the two new pieces. The vast piece of ice that breaks away is described as a tabular iceberg because it is wide and flat.

All The Adorable Photos From Prince Louis' Christening
Prince Louis' mother, the Duchess of Cambridge , was confirmed into the Church of England during a ceremony at the Chapel in 2011. The royal pair both attended Prince George's 2013 christening and Princess Charlotte's service back in 2015.

Williams duo to start British GP from pitlane after qualifying issues
It is understood the newly-introduced rear wings have been reverted to the old versions, while other parts have also been changed. After the problems in qualifying the team made a decision to return to their cars the old specification rear wing and underbody.

Gazza's message for Southgate and his England squad
You can't underestimate how draining that is, trust me. "Last Saturday, some ladies even thought I was him". It's less of a basketball game than the Premier League where the ball goes back and forth up the pitch.

WhatsApp's Full-Page Ads To Tackle Fake News After Centre's Warning
On a related note, WhatsApp is attempting hard to stop the danger of false news being spread for quite some time on its platform. WhatsApp has not issued a statement about when this feature will be available or if it will be limited to certain regions.

Prince Louis christening: Queen and Duke of Edinburgh to miss event
William was in a blue suit, just like Harry who was walking behind the family of five with Meghan Markle . He has been banned from driving three times, including twice for drink-driving and once for speeding.

If you have this popular phone, you're probably rich
In 2004, the second batch of data showed Land O' Lakes Regular butter was the clearest indication you were earning good money. In other words, in the USA , owning an iPhone will place you in the top quartile of income for various household groups.

New Toyota Supra Teased In Production Form, Will Run Up Goodwood Hill
Just a few days ago, Toyota hinted that it'd showcase a prototype for the new Supra at the Goodwood Festival of Speed .

Other news