Saudi Arabia Extends Production Cuts in Bid to Boost Prices
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Saudi Arabia Extends Production Cuts in Bid to Boost Prices
Saudi Arabia , Extends Production Cuts , in Bid to Boost Prices .
On August 3, Saudi Arabia said that it will extend
unilateral production cuts of one million barrels
of oil a day in an effort to bolster energy prices.
On August 3, Saudi Arabia said that it will extend
unilateral production cuts of one million barrels
of oil a day in an effort to bolster energy prices.
'The Independent' reports that the news
comes as other OPEC+ producers extended
earlier production cuts through 2024.
An anonymous official representing the kingdom's Energy Ministry said that the cut could "be extended or deepened" if needed.
This additional voluntary cut comes
to reinforce the precautionary efforts
made by OPEC+ countries with
the aim of supporting the stability
and balance of oil markets, Anonymous Energy Ministry official, via Saudi Press Agency.
The ongoing production cuts have largely failed
to boost prices due to reduced demand from
China and tightening monetary policies.
'The Independent' reports that Saudi Arabia is looking
to fund Vision 2030, an ambitious plan that includes
efforts to reduce dependence on oil and create jobs.
'The Independent' reports that Saudi Arabia is looking
to fund Vision 2030, an ambitious plan that includes
efforts to reduce dependence on oil and create jobs.
Vision 2030 reportedly includes a number of huge
infrastructure projects, including the development
of the $500 billion futuristic city called Neom.
Rising oil prices would also help fund Russia's war
on Ukraine, as the United States and its allies have
used a price cap to bite into Moscow's revenue.
Rising oil prices would also help fund Russia's war
on Ukraine, as the United States and its allies have
used a price cap to bite into Moscow's revenue.
Due to western sanctions, Russia
has been forced to sell oil at a discount.
.
In May, Moscow saw its estimated export revenue drop by $1.4 billion to hit $13.3 billion, down 36% compared to the same time in 2022.
.
In May, Moscow saw its estimated export revenue drop by $1.4 billion to hit $13.3 billion, down 36% compared to the same time in 2022.
Saudi Arabian clubs are interested in Manchester United pair Casemiro and Bruno Fernandes, Arsenal are set to lose promising defender Reuell Walters, plus more. BBC Sport
Amidst the ongoing Russia-Ukraine conflict, Ukraine's military reports record casualties on the Russian side, with 1,740 troops lost in a day, totaling approximately 484,030 casualties since the invasion began. Equipment losses are significant, including 30 tanks and 42 armoured vehicles in 24 hours. Despite challenges in verifying figures, the war's impact is undeniable as it enters its third year, exacerbated by Russia's new offensive. Estimates vary, with the UK suggesting over 465,000 Russian casualties. Moscow remains tight-lipped on losses, while Ukraine's President cites 31,000 Ukrainian troops killed. Fluctuations in casualties occur, with a recent focus on the Kharkiv region. Urgent calls for a peaceful resolution and international intervention echo as civilians suffer amidst the conflict's brutality.
#Putin #TroopsKilled #UkraineClaims #RussiaUkraineWar #WarImpact #MilitaryCasualties #RussianForces #KyivReports #ShockingClaims #MassiveBlow #ConflictUpdate #InternationalTensions #WarNews #MilitaryLosses #PutinRegime
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Lithuanians voted in a presidential election on Sunday at a time when Russian gains on the battlefield in Ukraine are fuelling greater fears about Moscow’s intentions, particularly in the strategically important Baltic region.
Credit: euronews (in English) Duration: 01:01Published
In the Volgograd region of southern Russia, an oil refinery became the target of a drone attack believed to originate from Ukraine. Governor Andrey Bocharov confirmed reports of a brief fire resulting from the attack but assured the public of successful containment and no casualties. The incident underscores a recent surge in drone attacks on Russian energy facilities, allegedly in retaliation for Moscow's strikes on Ukrainian infrastructure. Meanwhile, Russia's defence ministry announced the interception and destruction of drones and ballistic missiles launched by Ukraine, further escalating tensions. Additionally, the city of Donetsk in eastern Ukraine experienced shelling from Ukrainian forces, resulting in civilian injuries, as tensions between the two nations continue to escalate.
#Putin #Ukraine #DroneAttack #VolgogradRefinery #RussiaUkraineWar #Conflict #Tensions #Warfare #MilitaryConflict #Geopolitics #Security #Escalation #Drones #Fire #RefineryAttack
Moscow's Mayor Sobyanin revealed a Ukrainian attempt to attack with a drone, intercepted near the city. No harm was reported. An air raid alert was sounded in Belgorod following an earlier attack, with Kursk also on alert. The Russian Defense Ministry hasn't provided full details. This reflects the escalating tensions amid increased drone and artillery attacks on Russia by Ukraine.
#Moscownews#Moscow #Moscowattack #DroneAttack #Ukrainenews #Belgorod #RussianDefenseMinistry #MoscowDroneAttack #RussiaUkraine #Putin #news #Oneinda #Oneindia news
President Putin's Victory Day address emphasised Russia's resilience and commitment to its armed forces amidst ongoing conflicts, including in Ukraine. However, this year's parade featured only one tank, symbolising Russia's military presence. Putin also criticised Western nations for colonial policies, while the parade showcased a display of nuclear warheads and various weapons systems. The event commemorated the victory over Nazi Germany in 1945, with over 300 cities participating in ceremonial parades across Russia.
#Russia #VictoryDay #Putin #Revenge #MilitaryParade #Missiles #Drones #Moscow #Resilience #Sacrifice #WWII #NuclearPower #MilitaryMight #Sovereignty #ColonialPolicies
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5 Tips, for Beginner Cyclists .
1. Safety first.
Look for a helmet that is
lightweight and comfortable.
Safety features like MIPS, multi-directional impact protection system, help protect you from different types of impact. .
2. Be aware of the
traffic environment
and road conditions.
Find a cycling guide to brush up on
road safety awareness, basic road
positioning, observation and anticipation.
3. Download a cycling app. .
A cycling app
can help you
optimize your trip.
'The Independent' recommends Bike Hub
Journey Planner which offers spoken
instructions, multiple routes and a
number of other handy features. .
4. Basic maintenance
is essential.
Most importantly, check
the tire pressure, brake lines,
brake pads and oil the chain. .
A local bike service center
can always help you. .
5. Find a cycling club. .
Finding other experienced cyclists
to ride with is a great way to become
a more competent rider. .
It's time to
hit the road.
Credit: Wibbitz Top Stories Duration: 01:31Published
McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
The company saw same-store sales rise by
1.9% worldwide between January and March,
below the Wall Street forecast of 2.1%.
Increased menu pricing and delivery demand
saw same-store sales in the U.S. increase by 2.5%.
In international markets, sales fell
by 0.2% for the first time since 2020.
Despite this, McDonald's said the company's revenue
increased 5% to reach $6.17 billion, while net income went
up 7% to $1.93 billion, in-line with Wall Street estimates.
'The Independent' reports that Muslim-majority
markets like Indonesia, Malaysia and the Middle East
have been boycotting McDonald's for months.
The boycotts started after a McDonald's franchise in
Israel announced in October that it would provide free
meals for Israeli troops amid the ongoing war in Gaza.
In the months since then, the company has tried to limit
the fallout by taking over all 225 McDonald's in the country
with the purchase of Alyonal Limited, its Israeli franchise.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'
Credit: Wibbitz Top Stories Duration: 01:30Published
Negotiations on Global Treaty , to End Plastic Pollution , Reach Critical Phase .
'The Independent' reports that negotiators from around
the world have met to discuss what could become
a global treaty meant to end plastic pollution. .
The Intergovernmental Negotiating Committee on
Plastic Pollution has begun agreeing on treaty language
at their fourth of five scheduled plastics summits.
The most ambitious and contentious
idea revolves around limiting how much
plastic can be manufactured globally.
As most plastics are made from fossil fuels
and chemicals, oil and gas exporters
have strongly objected to the limitations, along
with plastic-producing countries and companies.
According to Stewart Harris, an industry spokesperson
with the International Council of Chemical Associations,
the treaty also focuses on recycling and reuse. .
We want to see the treaty
completed. We want to work
with the governments on
implementing it. The private
sector has a role to play, Stewart Harris, an industry spokesperson
with the International Council of Chemical
Associations, via 'The Independent'.
'The Independent' reports that the Scientists’
Coalition for an Effective Plastics Treaty provided
scientific evidence on plastic pollution at
the negotiations.
I heard yesterday that there’s
no data on microplastics,
which is verifiably false:
21,000 publications on micro and
nanoplastics have been published, Bethanie Carney Almroth, an ecotoxicology professor at Sweden's University of Gothenburg who co-leads the coalition, via 'The Independent'.
Ecuador's chief negotiator, Walter Schuldt stressed that
countries present at the negotiation share a common
vision of moving forward in the treaty process.
Because at the end of the day,
we’re talking about the survival
of the future of life, not only
of human life but all sorts
of life on this planet, Walter Schuldt, Ecuador's chief
negotiator, via 'The Independent'
Credit: Wibbitz Top Stories Duration: 01:31Published
Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
A group representing the fired
workers said the total number of staff
terminated for protesting is now over 50. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
Last week, workers held sit-in
protests at Google's offices in both
New York and Sunnyvale, California.
The protests were organized by the group
No Tech For Apartheid, who said that 30 workers
were fired following the initial sit-in. .
According to Jane Chung, a spokeswoman for
No Tech For Apartheid, Google has now fired
"over 20" more workers, “including non-participating
bystanders during last week’s protests.”.
Google’s aims are clear:
the corporation is attempting
to quash dissent, silence
its workers, and reassert
its power over them, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
Google has disputed the group's claims,
stressing that the company carefully found that, “every single one of those whose employment
was terminated was personally and definitively
involved in disruptive activity inside our buildings.”
Credit: Wibbitz Top Stories Duration: 01:31Published
Upcoming , Lyrid Meteor Shower , May Be Hard to See.
'The Independent' reports that skywatchers
looking to catch the Lyrid meteor shower
may be foiled by the moon. .
This year's peak activity occurs
on April 21 and 22, with up to
20 meteors expected per hour. .
Potential viewing should
last through April 29. .
However, the American Meteor Society
warns that strong moonlight
may interfere with viewing. .
Every year, multiple meteor showers
occur and don't require special
equipment to see them. .
For the most part, meteor showers originate
from debris left behind by comets, like the Lyrids,
which come from the comet Thatcher. .
As these space rocks enter the Earth's atmosphere,
air resistance makes them extremely hot,
which causes the air around them to glow.
This glow leaves a fiery trail behind
the meteor, which can be observed
from the ground as a "shooting star.".
Look to the northeast and just
keep staring at the same spot
in the sky. It's always impressive
when you see these things, Don Pollacco, University of Warwick
astronomer, via 'The Independent'.
The Lyrids are best viewed from the Northern Hemisphere,
while the upcoming Eta Aquarids meteor shower
can best be seen from the Southern Hemisphere.
Credit: Wibbitz Top Stories Duration: 01:30Published
Amid a cabinet reshuffle by President Putin, a senior Defense Ministry official, Lt. Gen. Yury Kuznetsov, was arrested on bribery charges, highlighting a crackdown on corruption within Russia's military. Kuznetsov faces severe charges, with authorities uncovering a significant sum of cash and luxury items. Putin's replacement of Sergei Shoigu as defence minister and the nomination of Andrei Belousov signal potential further purges within the ministry. Shoigu's deputy's recent arrest has raised speculation about Shoigu's future, amidst scrutiny over Russia's military strategy in Ukraine, where Ukrainian resistance has proven formidable, causing setbacks for Russian forces. The implications of these internal power shifts remain uncertain as Russia navigates the ongoing conflict.
#Putin #Russia #DefenseOfficial #Arrest #War #SergeiShoigu #Military #Crisis #Security #PutinMoves #ArrestOrder #DefenseMinistry #ShoiguSacked #PutinAction #RussianPolitics
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