Oil adds to week's sharp loss as rollover of OPEC output cuts may meet resistance Oil prices posted their steepest weekly loss in three months, as the market, already concerned about weakening demand, coped with mounting speculation that OPEC's June meeting could expose cracks in ... 05/3/2024 - 12:45 pm | View Link
OPEC Resolves Compensation Plans for Overproducing Members OPEC convened a workshop today to address oil overproduction issues and devise comprehensive compensation plans to make up for previous overages, according to an official OPEC press release. The push ... 05/3/2024 - 3:30 am | View Link
American oil tycoon accused of trying to conspire with OPEC to inflate prices Scott Sheffield, the founder and longtime CEO of Texas oil producer Pioneer Natural Resources, attempted to collude with OPEC and its allies to inflate oil prices, federal regulators alleged Thursday. 05/2/2024 - 3:43 pm | View Link
Crude oil prices today: WTI prices are up 14.99% YTD What is the price of crude oil today? WTI futures traded at $84.45 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 14.99%. Brent futures traded around $89.24/bbl, a drop of 0.66% ... 04/16/2024 - 11:38 pm | View Link
Wall Street Hoping OPEC Will Keep Oil Prices Under $100/Barrel New York, NY, April 16, 2024-"The specter of a widening war in the Middle East has put $100-a-barrel oil back on the table,” reports the Wall Street Journal. “But Wall Street is looking elsewhere in ... 04/16/2024 - 12:03 pm | View Link
WASHINGTON — A top U. N. official said Friday that hard-hit northern Gaza was now in “full-blown famine” after more than six months of war between Israel and Hamas and severe Israeli restrictions on food deliveries to the Palestinian territory.
Cindy McCain, the American director of the U. N. World Food Program, became the most prominent international official so far to declare that trapped civilians in the most cut-off part of Gaza had gone over the brink into famine.
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“It’s horror,” McCain told NBC’s “Meet the Press” in an interview to air Sunday.
Chants of “disclose, divest, we will not stop, we will not rest” are reverberating across the globe as student-led protests in support of Palestine have popped up outside the U. S. and in countries like Australia, Mexico, and the U. K. as the Israel-Hamas war enters into its seventh month.
LONDON — Britain’s governing Conservative Party is suffering heavy losses as an array of election results pour in Friday, piling pressure on Prime Minister Rishi Sunak ahead of a U. K. general election in which the main opposition Labour Party appears increasingly likely to return to power after 14 years.
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Labour won control of councils in England it hasn’t held for decades and was successful in a special by-election for Parliament that, if repeated in a general election in coming months, would lead to one of the Conservatives′ biggest-ever defeats.
The only negative so far for Labour has been in some areas with large Muslim populations, such as Oldham in northwest England, where the party’s candidates appear to have suffered as a result of leader Keir Starmer ‘s strongly pro-Israel stance in the conflict in Gaza.
Perhaps most important in the context of the looming general election, which has to take place by January but could come as soon as next month, Labour easily won back Blackpool South in the northwest of England that went Conservative in the last general election in 2019, when then-Prime Minister Boris Johnson won a big victory.
Desperate times call for desperate measures, and across Asia, communities are responding to an extreme and deadly heat wave, which has battered the region since last month and has left few options for residents and governments to cope, in creative and even superstitious ways.
One city in the Philippines has rolled out free mobile showers, while in Vietnam, municipal authorities reportedly looked into the possibility of enlisting the help of a man who claimed he could pray for precipitation.
Secretary of Defense Lloyd Austin met Thursday with his counterparts from Australia, Japan and the Philippines as the U. S. deepens ties with an emerging regional group that Pentagon officials have privately nicknamed, the “Squad.”
The quadrilateral grouping is one of a number of regional partnerships that Washington has used to push back against China’s assertiveness in Asia.
(WASHINGTON) — President Joe Biden has called Japan and India “xenophobic” countries that do not welcome immigrants, lumping the two with adversaries China and Russia as he tried to explain their economic circumstances and contrasted the four with the U. S. on immigration.
The remarks, at a campaign fundraising event Wednesday evening, came just three weeks after the White House hosted Japanese Prime Minister Fumio Kishida for a lavish official visit, during which the two leaders celebrated what Biden called an “unbreakable alliance,” particularly on global security matters.
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The White House welcomed Indian Prime Minister Narenda Modi for a state visit last summer.
Japan is a critical U.