They also discussed "efforts by the oil producing countries to compensate for any potential shortage in supplies", it added. The market is not short of oil now. "In this case, Saudi Arabia's output [with two million bpd spare capacity] needs to increase by at least 400,000 bpd in the second half of 2018 to offset the supply shortfall and lead to a marginal increase in global inventory levels".
Also weighing on oil demand are trade disputes between the United States and other major economies including China, the European Union, India and Canada. On Fox, Trump directed blame at the Organization of the Petroleum Exporting Countries, of which Saudi Arabia is the biggest producer. The fall came as the Russian Energy Ministry said on Monday that the country's oil output increased to 11.06 million barrels per day in June from 10.97 million barrels per day in May.
But the fact that the father-of-three already owns two homes in Los Angeles was thought to be in the Lakers favour. He previously played in Los Angeles with the Clippers in 2015-16. He might be fighting a losing battle. Another factor pundits considered behind James' move west was the opportunity to link up with a young roster, including 2017's number-two draft pick Lonzo Ball and Germany's Isaac Bonga, which could ensure he wouldn't have to carry the team like he did in Cleveland.
Trump wrote on Twitter that he had asked the king in a phone call to boost oil production "to make up the difference.Prices to (sic) high!" The Saudi leader said he was ready to raise output if needed, the White House said in a statement. He says the increased production is necessary due to "dysfunction in Iran and Venezuela". "I guess the Saudis want to give the confidence to Trump to go very hardcore on Iran", tweeted the oil market's most vocal bull, commodities hedge-fund manager Pierre ...
The company says the program is set up so successful delivery partners can make up to $300,000 in annual profit. "This program signals that Amazon would like to ramp up its last-mile logistics operation more quickly", said Colin Sebastian, an analyst at Baird.
However, it added, several flights remained as scheduled until further notice. Jetstar says it will contact passengers with new flight details when it is safe to resume flying. An earlier flight on AirAsia was called off before the airport was shuttered early Friday morning. SIA passengers travelling to Bali between Thursday and Friday may also be able to rebook or request a refund of their tickets, it said in a Facebook post.