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.
A Gazprom-owned Sukhoi Superjet 100 crashed near Moscow during a test flight, killing all three crew members on board. The plane went down in a forested area in the Kolomna district after taking off from Lukhovitsy airfield. Emergency services rushed to the scene, and videos of the crash site circulated on social media. The incident is under investigation by the Interstate Aviation Committee.
#RussiaPlaneCrash #SukhoiSuperJet #Superjet100 #Moscow #Kolomna #MoscowAirport #Worldnews #Oneindia #Oneindianews
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This edition of State of the Union looks at the NATO summit in Washington and the negative reactions to Viktor OrbĂĄn's self-declared peace mission to Moscow and Beijing
Credit: euronews (in English) Duration: 07:00Published
Indian Prime Minister Narendra Modi's visit to Moscow to meet with Russian President Vladimir Putin has stirred concerns within the Biden administration, especially as it coincided with a major NATO summit in Washington. This visit, described as a strategic misstep by U.S. officials, complicates the optics for Washington as it seeks to isolate Russia and bolster support for Ukraine. Despite U.S. attempts to dissuade the timing of the meeting, Modi proceeded, emphasizing India's independent foreign policy stance. This incident underscores the complexities of the U.S.-India relationship, as the U.S. tries to strengthen its alliance with India to counter China's growing influence. Will this meeting strain the growing ties between the two democracies? Watch to find out more.
HASHTAGS
#Biden
#Modi
#Putin
#NATOSummit
#USIndiaRelations
#Geopolitics
#Russia
#UkraineCrisis
#China
#GlobalDiplomacy
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India urges Russia to expedite delayed S-400 deliveries. During PM Modi's Moscow visit, President Putin discussed reinforcing military ties. Three deployed.. IndiaTimes
Saudi Arabia's Foreign Minister emphasized Russia's critical participation is needed for credible Ukraine peace negotiations, while reiterating Saudi's commitment to supporting efforts for sustainable peace. However, Saudi appears unwilling to go against its OPEC ally Russia, as evidenced by Zelensky's failed attempt to woo Saudi's Crown Prince for a peace summit excluding Moscow.
#SaudiArabia #RussiaUkraine #Ukrainewar #RussiaUkrainewar #OPEC #UkrainePeacesummit #Zelenskynews #Ukrainewarlive #Ukrainelive #Worldnews #Oneindia #Oneindianews
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ISS Crew Forced to , Take Shelter , After Russian Satellite Breaks Apart.
'The Independent' reports that astronauts aboard the
International Space Station (ISS) took shelter due to
the danger of debris from a broken up Russian satellite.
Crews aboard the ISS were ordered to board
their respective spacecraft in case debris
struck and damaged the orbital laboratory.
According to experts, the ever-increasing number of
satellites in orbit around Earth has magnified the risk of
collision and other potential problems for space crews.
It remains unclear what caused
the RESURS-P1 Russian Earth
Observation satellite to break apart. .
According to NASA's Space Station office, the event
occurred near the space station, prompting astronauts
to take shelter in their spacecraft for about an hour. .
Mission Control continued to monitor the path of the debris, and after about an hour, the crew was cleared to exit their spacecraft and the station resumed normal operations, NASA statement, via X.
Space-tracking firm LeoLabs said that U.S. radar
detected the decommissioned satellite releasing a
cloud of debris in low-Earth orbit late on June 26. .
Shortly after 9 p.m. EDT, NASA
instructed crews aboard the space
station to shelter in their respective
spacecraft as a standard precautionary
measure after it was informed
of a satellite break-up at an
altitude near the station, NASA statement, via X.
According to U.S. Space Command, the Russian satellite created , "over 100 pieces of trackable debris.".
USSPACECOM has observed no
immediate threats and is continuing
to conduct routine conjunction
assessments to support the safety
and sustainability of the space domain, U.S. Space Command statement, via 'The Independent'
Credit: Wibbitz Top Stories Duration: 01:31Published
Taylor Swift Addresses Dave Grohlâs Claim , That She Doesnât Play Live.
Taylor Swift Addresses Dave Grohlâs Claim , That She Doesnât Play Live.
On June 22, Grohl referred to the
Foo Fighters' show in London as the
"Errors Tour," according to 'The Independent.'.
His comment stemmed from having a
"few more eras and more than a few f------ errors.â.
The 55-year-old frontman went
on to say, âwe actually play live.â.
Swifties took to social media
to slam Grohl's comments.
Oh Tayvoodoo is coming for him and he
deserves it. Canât handle that a woman
is more talented and successful, Taylor Swift fan, via X.
Wow Grohl so washed he has to
use Taylorâs name for free pr?
Embarrassing thought he was
better than that what a shame, Taylor Swift fan, via X.
On June 23, Swift seemed to address Grohl's comments on stage while performing at Wembley. .
She said that her band
deserves "so much" praise.
What you just did is an unforgettable moment
in not just my life, but every very single one of
our crew. The band thatâs going to be playing
live for you for three and a half hours tonight, Taylor Swift, via 'The Independent'.
They deserve this so much and so does every
one of my fellow performers, and you just gave
that to us so generously. Weâll never forget it, Taylor Swift, via 'The Independent'
Credit: Wibbitz Top Stories Duration: 01:31Published
Julian Assange , Reaches Plea Deal With , US Government.
'The Independent' reports that Wikileaks
founder Julian Assange has been released
from Belmarsh prison as part of a plea deal
with the United States Justice Department.
Assange will be flown out of the U.K. as part
of the deal before he makes a guilty plea deal
that could end the years-long legal battle.
On June 24, Assange boarded a flight at Stansted airport
ahead of a scheduled appearance later this week in the
Mariana Islands, a Western Pacific U.S. commonwealth.
The U.S. government has charged the
Wikileaks founder with conspiracy to obtain
and disclose national defense secrets.
The charges stem from one of the largest leaks of
classified information in U.S. history, disclosing tens of
thousands of reports regarding the war in Afghanistan.
The disclosure, which occurred between 2009 and
2011, included unfiltered diplomatic cables that
potentially endangered the safety of confidential sources. .
The leak also included significant
activity reports related to the war in Iraq
and information regarding Guantanamo Bay.
According to the latest DOJ filing, Assange is expected
to plead guilty and be sentenced to 62 months of time
already served, thus avoiding U.S. imprisonment. .
This is the result of a global campaign
that spanned grass-roots organizers,
press freedom campaigners,
legislators and leaders from
across the political spectrum,
all the way to the United Nations, Wikileaks statement, via X.
After more than five years in
a 2x3 metre cell, isolated 23 hours
a day, he will soon reunite with his
wife Stella Assange, and their children,
who have only known their
father from behind bars, Wikileaks statement, via X
Credit: Wibbitz Top Stories Duration: 01:31Published
Important Things to Know , About Dangerous Ocean, Rip Currents.
'The Independent' reports that rip currents pose
the greatest danger to beachgoers,
accounting for the most beach rescues every year. .
Over a recent two-day period in Florida,
six people drowned in rip currents.
Every year, about 100 people drown
because of rip currents in the United States
according to the U.S. Lifesaving Association.
Over 80% of beach rescues
involve rip currents every year.
So far in 2024, the National
Weather Service has listed 16 deaths
from rip currents in U.S. waters. .
A rip current is a narrow column of water that
flows rapidly away from the beach, which are capable
of pulling swimmers a fair distance from the shore.
Rip currents normally form
at low spots along the beach
or along jetties and piers.
While sometimes associated
with stormy weather, they can
also occur on sunny, clear days.
Rip currents are also difficult to
detect as the surface water near
them often appears to be calm. .
'The Independent' reports that the best advice to escape a
rip current is to try and swim parallel to the shore and not
to tire yourself out before having to swim back to land. .
'The Independent' reports that the best advice to escape a
rip current is to try and swim parallel to the shore and not
to tire yourself out before having to swim back to land.
Credit: Wibbitz Top Stories Duration: 01:31Published
FAA Investigating Southwest-Operated, Boeing 737 , That Flew Dangerously Low.
'The Independent' reports that a Southwest Airlines
passenger jet flew extremely low over a suburb of
Oklahoma City, triggering an altitude alert on June 19.
According to Flightradar24, the Boeing 737-800
descended to just 525 feet above the ground
on its way to Will Rogers World Airport.
Approximately nine miles from the airport,
the plane was passing over Yukon when it triggered
an automated warning around 12:05 a.m. local time. .
Altitude alerts are triggered when an aircraft
descends to within an unsafe distance
to terrain, obstructions or other aircraft. .
'The Independent' reports that the pilots quickly
regained altitude and circled around for a safe
landing on another runway shortly after midnight.
The incident, which sparked concern
in communities it passed over,
is now being investigated. .
On June 20, Southwest Airlines
confirmed that it was in contact
with the FAA regarding the situation.
Southwest is following
its robust Safety
Management System
and is in contact with the
Federal Aviation Administration.., Southwest spokesperson, via 'The Independent'.
... to understand and address any
irregularities with the aircraftâs
approach to the airport. , Southwest spokesperson, via 'The Independent'.
Nothing is more important
to Southwest than the safety
of our customers and employees, Southwest spokesperson, via 'The Independent'
Credit: Wibbitz Top Stories Duration: 01:31Published
Ukraineâs top commander, Aleksandr Syrsky, is reportedly ready to lay down arms and capitulate to Russia, according to a claim made by a lawmaker from President Vladimir Zelenskyâs party. The claim was made by MP Mariana Bezuglaya from the âServant of the Peopleâ party, who is also the deputy chair of the National Security, Defense, and Intelligence Committee.
Syrsky, who became Ukraineâs highest-ranking general in early February, succeeded Valery Zaluzhny, the former general who oversaw last yearâs unsuccessful attempts to repel Russian forces. Bezuglaya accused Syrsky and Zaluzhny of secretly colluding to prevent a Ukrainian victory, stating that the two generals belong to a âgeneralsâ mafiaâ that is more interested in protecting their own privileges than in defeating Russia.
#Zelensky #Putin #Ukraine #AleksandrSyrsky #Russia #Surrender #TopCommander #MilitaryConspiracy #ZelenskyGovernment #UkraineConflict #NationalSecurity #DefenseIntelligence #PoliticalTurmoil #InternalDivisions #RussianAggression #MilitaryStrategy
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