Business
All eyes on July for USA oil demand to drain glut
After 2008, the combination of the financial crisis and booming USA shale output caused OPEC's global market share to decline sharply, falling to 36 percent in 2015. "He "gets" it; few others around him do", Garman wrote. Most imports from the country are between 25° and 40°API, averaging just under 32°API. Shale oil producers have intensified technological research and with generous incentives including hedges continued to give signals and threats that their production cost would soon have ...
Business
Total to Sign Milestone Iran Energy Deal Since Sanctions Eased
Total holds a 50.1% stake in the development, while China's CNPC has a 30% interest and Iran's Petropars 19.9%. "As soon as gas extraction from South Pars Phase 11 begins, the output will be transferred via pipeline to onshore refineries 200 kilometers off the city of Asalouyeh (Khuzestan Province) for processing", he said.
Business
US Lifts Laptop Ban For Etihad Flights
The capital of the United Arab Emirates became the first city to be exempt from a U.S. ban on laptop computers being in airplane cabins, the country's flag carrier said yesterday. The changes come less than five days after DHS Secretary John Kelly announced new security measures for all USA -bound flights worldwide, about 2,100 on an average day or 118 million passengers a year.
Business
China Includes Area Claimed by India and Bhutan in Recently Released Map
Officials in Beijing and New Delhi are in "constant contact" to defuse the situation. Chief of Army Staff General Bipin Rawat had said that the Indian Army was "fully ready for a two and a half front war". "It is violating our historical boundary conventions as well as promises by the Indian government". Lu said displaying the pictures to the media from the lectern.
Business
Jeff Teague agrees to three-year, $57 million deal with Wolves
The agreement was reached after the Wolves dealt Ricky Rubio . In an attempt to appease Gordon Hayward ahead of free agency, Utah made a move for a staring lead guard. Although, maybe Tom Thibodeau knows something that we don't. Rubio did a solid job for the Timberwolves in his six seasons with the team as he averaged 8.5 assists and 2.1 steals per game, but the front office thought it was time to go in a different direction.
Business
Luke Witkowski fractured Anthony Mantha's finger; now he's a Red Wing
The 33-year-old Daley has 78 goals and 278 points in his 13-year career, spending much of it with the Dallas Stars before playing for Chicago and Pittsburgh the past two seasons. "We know that we're adding two real character people to our line up, two real good pros and two guys that are going to be great additions not only on the ice but off the ice in the locker room", GM Ken Holland said.