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OPEC+ Compliance with Oil Output Cuts in July at 97Pc

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OPEC+ Compliance with Oil Output Cuts in July at 97Pc TUESDAY, AUGUST 18, 2020 06 07 TUESDAY, AUGUST 18, 2020 TikTok Argentina officially presents debt signs music restructure offer distribution OPEC+ compliance with oil to SEC deal with Classified UnitedMasters Reuters | Washington output cuts in July at 97pc ­­ ­ ikTok is partnering with TUS music distribution OPEC+ sources Argentina’s Economy Minster ­ company UnitedMasters, a Martin Guzman ­ ­ said• they expect no deal that will allow creators AFP on the Chinese video shar- change in the current ­ ­ ­ ­ ing app to directly distrib- production agreement ecession-hit Argenti- ­ ute their music to streaming Rna yesterday officially ­ platforms like Spotify and In August, OPEC+ presented its offer to the Apple Music. US Securities and Exchange eased• its agreed ­ The move comes days af- Commission (SEC) to re- ter President Donald Trump cuts to 7.7 m barrels structure a $66 billion debt ordered TikTok’s parent per day (bpd) under foreign legislation, ­ ­ ByteDance to divest the US the government said. ¤ operations of the video app Reuters | London/Moscow/ It follows the passing of within 90 days. a law on Sunday officially ­ ­ Dubai ­ ByteDance is in talks to approving the deal reached ¡ sell the North America, two weeks ago with three Australia and New Zealand ompliance with OPEC+ major creditor groups fol- ­ operations of TikTok to Mi- oil output cuts is seen lowing months of strained crosoft Corp. at around 97 per cent in negotiations and several C July, two OPEC+ sources told missed deadlines. Reuters on Monday, two days The deal reached on Au- ­ A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture ahead of a meeting of key OPEC+ gust 4 is worth 54.8 cents on India’s power output producers to review adherence the dollar, a significant in- ­ rises with their production pact as cluding Russia, a group known over 1 m bpd in July, according crease on Argentina’s orig- ­ ­ ¢ £ demand slowly recovers. as OPEC+. to a Reuters survey, as Saudi inal offer of 39 cents. ­ Reuters | Chennai The figure has not yet been OPEC+ sources said they ex- Arabia and other Gulf members According to the docu- ­ finalised by a technical panel of pect no change in the current ended their voluntary extra sup- ments presented to the SEC, ndia’s electricity gener- key OPEC and non-OPEC produc- production agreement and $44.7 ply curbs on top of the OPEC+ Argentina has “extended Brent crude LCOc1 was ¡ ation in the first 15 days ers, known as the JTC, which is would rather focus on adher- deal while other members made the invitation deadline” for I down 13 cents, or 0.3pc, ­ ­ of August rose for the first meeting later on Monday, the ence by countries such as Iraq, limited progress on compliance. the accession agreement to £ ­ ­ to $44.67 a barrel by 1048 time since early March. sources said. Nigeria and Kazakhstan who OPEC+ has been cutting out- August 28 from August 24. GMT, and West Texas ­ ­ Power generation rose 2.6 A ministerial OPEC+ monitor- have pledged to improve their Intermediate US crude put to tackle the fallout from “The Republic encourag- per cent in the first 15 days ing committee, known as the compliance. the COVID-19 pandemic which es all investors to consider was down 4 cents, or 0.1pc, of August compared with JMMC, is meeting on Wednes- In August, OPEC+ eased its to $41.97 a barrel has hit oil demand. the revised terms and con- the same period of last year, day to review the oil market and agreed cuts to 7.7 m barrels per Brent crude LCOc1 was down ditions of the Invitation and ­ ­ ¡ a Reuters analysis of dai- compliance with the global oil day (bpd) from 9.7 m bpd pre- 13 cents, or 0.3pc, to $44.67 a join the Republic to create ­ ly load despatch data from supply reduction pact. viously. exander Novak said last week barrel by 1048 GMT, and West a sustainable path for the ­ ­ ­ federal grid operator POSO- The JMMC advises the Or- “There is no change,” one of there have been no additional Texas Intermediate US crude recovery of the Argentine ­­­ ­ ­­ CO showed, compared with ganisation of the Petroleum Ex- the sources said. proposals to change the deal. was down 4 cents, or 0.1pc, to economy,” said the economy a 1.8pc fall in July. porting Countries and allies in- Russian Energy Minister Al- OPEC oil output has risen by $41.97 a barrel. ministry in a statement. ­ ¡¡ ­­ ­ ­ ¢ Trump approves oil drilling in Alaska wildlife refuge Gold rises on soft dollar as Reuters | Washington “I’m not really driven by the political ­ focus turns to Fed dynamics” of the Nov. 3 presidential elec- ­ ­ he Trump administration yesterday tion, he said. Tfinalized a plan to allow oil and gas Polls show Trump is trailing challenger drilling in Alaska’s Arctic National Wild- Joe Biden, a Democrat. FLAT FOR RENT ITEMS FOR SALE life Refuge, putting it on track to issue If found, oil production could begin in NEET/JEE COACHING CLASSES @ BAHRAIN Three Door Wooden Cabinet, decades-long leases in the pristine wilder- ANWR in about eight years, Bernhardt said, Excellent condition, scratch ness area before a potential change in US with activity lasting about 50 years. Learn from the BEST TEACHERS in free, Pick up from Tubli leadership. Environmentalists and Democratic law- Hidd Area. Spacious 2. The 19 million acre (7.7 million hectares) makers have long fought to block the pris- Bathroom Hall Kichen, Bahrain Ph:- 38208821 refuge is home to wildlife populations in- tine area from development of oil rigs, Gold bars at the Austrian Gold and Silver Separating Plant ‘Oegussa’ in Balcony CONTACT. NEET/JEE Polar bears are seen within the 1002 Area of the TV Trolley , Wooden Double cluding Porcupine caribou and polar bears pipelines and roads. Green groups said it Vienna, Austria 39034346 NEET/JEE /SAT/KEAM ­­ and has been off-limits to drilling for dec- Arctic National Wildlife Refuge was particularly unjustified at a time of Bed, Nihon 6.5 Ltr Automatic ades. tion on public lands. slumping oil prices. Reuters shadow over hopes of an eco- We offer preparatory classes for VIII- XII Washing Machine, three door But a Republican-passed tax bill in 2017 The Interior Department could hold a “It’s absolutely bonkers to endanger this nomic recovery. wooden cabinet and other Near. Palace Road one opened the area to oil and gas leasing, a sale of oil and gas leases in ANWR by the end beautiful place during a worldwide oil glut,” old rose yesterday, consol- Also supporting gold, the Call us: 32332708 / 32332709 / 17344972 Bedroom. Small. Hall, Kichen www.ugecbahrain.com household accessories all in ¢¢ key pillar of U.S. President Donald Trump’s of the year, Secretary David Bernhardt said said Kristen Monsell, an attorney with the Gidating around the $1,950 dollar fell to a more than one- Excellent condition Ph:- energy agenda to expand fossil fuel produc- on a conference call with reporters. Center for Biological Diversity. mark after sliding 4.5 per cent week low, making the yellow Bathroom, CALL. 33159578. 38852010. 39366756 last week, buoyed by a weaker metal cheaper for those hold- dollar as investors await the ing other currencies. TIEQX­ ;O=NEO=W fine print on the U.S. Federal The minutes from the Fed’s SERVICES For event manage- JAC model 2015, Odometer Reserve’s strategy to stem the last policy meeting are due 100000+ , Fully automatic, economic toll from the coro- on Wednesday, with markets ment, social media FULLY COVERED, FITTED OFFICE Reliance in talks to buy online furniture Fly to your favourite destina- Excellent condition, New navirus. looking for any hints of a pos- marketing , Web INCLUDING: Electricity & Water battery, Passing till 31st March Spot gold rose 0.6pc to sible change to its guidance at tion in style. Fast service, Best designing, App 2021, Expat driven CALL. $1,954.74 an ounce by 1157 its next review in September High Speed internet CCTV surveillance fares, Wide options, Special Development & Post 38208821 retail, milk delivery startups: report GMT and US gold futures rose “If there is something strong Reception Services 0.7pc to $1,963.00. (from the Fed), more than care to make your booking production Reuters | Bengaluru Housekeeping once in a week for daily groceries such as milk. Gold last week registered its what’s
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