Category: Oil

Oil

  • U.S. Is A Net Exporter Of Natural Gas For First Time In 59 Years

    Exports outweigh imports in February, April, May: EIA The U.S. has been a net exporter of natural gas for three of the first five months of 2017, according to a note released by the EIA. This is historically significant, as February, April and May are so far, the only months in which the U.S has been a net exporter of natural gas since 1958. Imports from Canada falling The U.S. natural gas trade is dominated by pipelines, with pipelines from Canada supplying the vast majority of all imported gas. The TransCanada Pipeline was completed in 1958,…

  • Traders Hoard LPG Off Singapore Coast

    LPG-carrying vessels are piling up off the coast of Singapore as traders await higher prices, Reuters reports, citing industry insiders. According to tanker tracking data from Thomson Reuters, there is currently one Very Large Gas Carrier loaded with LPG off the Singapore coast, and it has been floating there for five days. Another VLGC, the sources told Reuters, recently set for China after floating for a few days in Singapore waters. Last August, as many as 10 vessels loaded with LPG sat floating off the coast of Singapore for months due to an…

  • Meeting between heirs was ‘turning point’ in Saudi-Qatar relations

    The Saudi-led blockade on Qatar took many people by surprise but, according to a report in the Wall Street Journal, the growing friendship between Abu Dhabi’s Crown Prince Mohamed Bin Zayed and Saudi Crown Prince Mohammed Bin Salman marked a “turning point” in Riyadh’s relations with its smaller neighbour. The two struck-up a strong connection while on a camping trip in the deserts of Saudi Arabia a year and half ago. Quoting officials from both countries, the report described the meeting between the heirs to the thrones as the “pivotal moment” in the shift towards a more hard-line policy against opposition in the region. It is said that the two men hardly knew each other until they enjoyed the “beloved […]

  • A-bomb anniversary in Nagasaki amid US-North Korea tension

    Author: 
    AP
    Wed, 2017-08-09 03:00
    ID: 
    1502283446053694800

    TOKYO: Amid growing tension between Washington and North Korea, the mayor of Nagasaki said Wednesday that the fear of another nuclear bomb attack is growing at a ceremony marking the 72nd anniversary of the US atomic bombing of his city.
    Nagasaki Mayor Tomihisa Taue urged nuclear states to abandon such weapons and criticized Japan’s government for not taking part in the global effort toward a nuclear ban.
    The bombing anniversary comes just as Pyongyang and Washington are trading escalating threats. President Donald Trump threatened North Korea “with fire and fury” and North Korea’s military said Wednesday that it was examining its plans for attacking Guam.
    “The international situation surrounding nuclear weapons is becoming increasingly tense,” Taue said at Nagasaki’s Peace Park. “A strong sense of anxiety is spreading across the globe that in the not too distant future these weapons could actually be used again.”
    The world’s first atomic bomb, used on Aug. 6, 1945, killed 140,000 people in Hiroshima. The bombing of Nagasaki three days later killed 70,000 more.
    At 11:02 a.m., when the bomb struck 72 years ago, people at the ceremony observed a moment of silence as the peace bell rang.
    “The nuclear threat will not end as long as nations continue to claim that nuclear weapons are essential for their national security,” Taue said.
    Taue sharply criticized Prime Minister Shinzo Abe’s government for what he said were empty promises about working to achieve a nuclear-free world. He said Japan’s absence even during diplomatic negotiations for the UN Nuclear Prohibition Treaty, adopted in July, is “incomprehensible to those of us living in the cities that suffered atomic bombings.”
    The outspoken mayor praised the atomic bombing survivors, or “hibakusha,” for their lifelong devotion to the effort. He urged Japan’s government to change its policy of relying on the US nuclear umbrella and join the nuclear prohibition treaty as soon as possible.
    “Nuclear weapons are incompatible with mankind,” said Yoshitoshi Fukahori, an 88-year-old survivor of the Nagasaki atomic bombing who lost his sister in the blast. He said that as he rushed home the morning after the bombing, the shocking view from the hilltop — his hometown flattened and the landmark Catholic church on fire — made him cry.
    Fukahori, who operates a library of atomic bombing photos, said Japan, which has since rebuilt itself as a pacifist nation, should never lose the respect and trust it has regained from the international community.
    Abe, in a speech that was almost a repeat of what he said in Hiroshima, did not mention the UN nuclear ban treaty.
    More than 175,000 hibakusha have died in Nagasaki since the attack, including 3,551 in the past year, while over 300,000 of their peers have died in Hiroshima. The average age of the survivors is more than 81 years. Many suffer from lasting effects of radiation.

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  • United States expected to become a net exporter of natural gas this year

    EIA’s latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The United States has been a net exporter for three of the past four months, and is expected to continue to export more natural gas than it imports for the rest of 2017 and throughout 2018.

  • Footage shows the capture of German schoolgirl who joined Daesh

    Footage has emerged of the capture of a German schoolgirl who joined Daesh last year. Linda Wenzel, 16, ran away from her home in the small town of Pulsnitz near Dresden last year to join Daesh after she was groomed online by a Daesh recruiter. In the video Wenzel can be heard screaming and crying as she is dragged by Iraqi soldiers through the ruins in Mosul. She could be sentenced to death under Iraq’s counter-terror laws. If she is she would not be executed before reaching the age of 22. Wenzel is one of a number of German women who joined Daesh in recent years currently being held in an Iraqi prison.

  • Ousted Pakistani PM embarks on populist march in show of strength

    Author: 
    Sib Kaifee | Special to Arab News
    Wed, 2017-08-09 18:26
    ID: 
    1502281627983557100

    ISLAMABAD: Deposed Prime Minister Nawaz Sharif has gathered all the king’s horses and all the king’s men to trumpet his return rally to home base in the eastern city of Lahore, his party’s center of power.
    He was given a warm farewell by Prime Minister Shahid Khaqan Abbasi and Finance Minister Ishaq Dar before embarking on his journey, a stretch of 280 km passing through 15 constituencies, 14 of which are held by the ruling party.
    Sharif confirmed that Abbasi will continue as the premier until the next general election, due in 2018.
    Celebrations are in full swing. Streets and highways are littered with streamers advertising Sharif and his Pakistan Muslim League-Nawaz (PML-N) party.
    His supporters have flocked from near and far, further charging an already electrified atmosphere in and around the travel route.
    “We’re showing our solidarity and love for Nawaz Sharif,” said one of his supporters. Arab News spoke to several people participating in the rally, and in one voice they said: “You can remove him from the chair but you can’t remove him from our hearts — let the judiciary and army know.”
    Sharif’s rally is expected to amass hundreds of thousands of supporters traveling on the Grand Trunk Road, popularly known as GT Road, stopping in main cities to address his followers and enlarge his entourage.
    The PML-N’s Tariq Fazal Chaudhry, minister of state for capital administration and development, told Arab News during the rally: “We’ll show our power, our strength, that he’s the people’s leader.”
    Approximately 6,000 police have been deployed for security and 1,200 commandos to guard Sharif’s cavalcade following a bombing in Lahore that injured nearly three-dozen people.
    The rally was delayed nearly two hours as Sharif awaited the Islamabad High Court’s decision on petitions filed against the procession by opposition party Pakistan Tehreek-e-Insaaf (PTI) of Imran Khan.
    The court dismissed the PTI’s plea and allowed Sharif to proceed. Attempts to contact the PTI leadership were disrupted due to cell phone jammers.
    The election commission, a day prior to Sharif’s rally, sent a notification directing the PML-N to appoint a new party president.
    As per the Political Parties Order 2002, a disqualified parliamentarian cannot hold any position in the party.
    House leader in the Senate, Raja Zafar-ul-Haq, said the PML-N has decided that Shahbaz Sharif will take the party’s mantle.
    The party also confirmed that Kulsoom Nawaz, the former first lady, has been nominated as a candidate to fill her husband’s vacant seat of Lahore district constituency.
    Her chances of winning the seat in the upcoming by-election are high, political observers told Arab News.
    “It’s Sharif’s center of gravity,” said journalist Mohammed Nawab. “There’s no chance of any other party able to challenge the ruling party’s seat in that constituency.”
    But this further complicates matters for Sharif, who has led the party since it came to prominence in the 1990s and has always been at its helm.
    Well-reputed columnist Zahid Hussain, in an article published in a local daily, summed up Sharif’s sticking point that caused friction between him and the country’s mighty military.
    “With his rise to the pinnacle of political power, Nawaz Sharif tried to break away from the influence of the military establishment that also brought him down in his previous terms,” the article read.
    “Although (his party) has historically remained close to the military establishment, Nawaz Sharif tried to transform it into a mass populist party, though he may not have been fully successful in his endeavor.”
    Sharif views his ouster as a conspiracy, stopping short of pointing fingers at the GHQ, the military’s headquarters in the garrison city of Rawalpindi. Though he has respected the court verdict disqualifying him, he disagrees with the decision.
    Abbasi, a Sharif loyalist, said any move that hampers Pakistan’s progress is called a conspiracy, clarifying Sharif’s statement.
    Abbasi has hinted at amending Article 62-1(f) of the Constitution, the clause that disqualified Sharif, who was declared “dishonest” by five judges on July 28.
    But Sharif’s homecoming may not be as welcoming as planned due to the return of firebrand cleric Tahir-ul-Qadri.
    He holds Sharif and his brother Shahbaz, chief minister of Punjab, responsible for the killing of 14 people, including his party workers, in a protest that turned violent due to police aggression on June 17, 2014 — known as the Lahore Model Town Incident.
    Qadri, chief of the Pakistan Awami Tehreek (PAT) movement, gathered with several opposition party leaders and addressed a large crowd of supporters.
    “For three years, we’ve been seeking justice and our appeals are pending before the courts,” said the disgruntled cleric.
    “I request the same JIT (Joint Investigation Team)” that disqualified Sharif “to probe Model Town. For three years, the case hasn’t even been heard. Is this justice? Your (Sharif’s) case was heard for 273 days, then you say you’ve been dealt with cruelly.”
    Qadri warned Sharif: “You think having power and doing whatever you want is democracy? That the law is only for the weak? You’ll have to answer for this. If you’ve heard my speech, hopefully you’ll cancel your plans for the ‘show’ on GT Road.”

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    related_nodes: 
    Events leading up to Nawaz Sharif’s ouster
    Pakistan plunges into uncertainty as PM Nawaz Sharif is ousted
    Nawaz Sharif to address Parliament over Panama leaks

  • Trump adviser says Minnesota mosque blast could be ‘fake hate crime’

    Author: 
    Arab News
    Wed, 2017-08-09 17:49
    ID: 
    1502279860363450600

    DUBAI: A White House national security adviser Tuesday defended US President Donald Trump’s silence on an explosion at a mosque in Minnesota, saying the blast could be a fake hate crime “propagated by the left.”
    When asked on MSNBC why Trump had not commented on the incident which took place on Saturday, Sebastian Gorka said the president wanted to learn more about the event before he made a statement.
    “When we have some kind of finalized investigation, absolutely,” Gorka said when asked whether Trump would comment on the incident at the Dar Al-Farooq Islamic Center in Bloomington.
    He went on to suggest that the attack could have been a “fake” hate crime.
    “There’s a great rule: All initial reports are false,″ Gorka said. “You have to check them and find out who the perpetrators are. We’ve had a series of crimes committed, alleged hate crimes, by right-wing individuals in the last six months, that turned out to actually have been propagated by the left.
    “So, let’s wait and see,” he said. “Let’s allow the local authorities to provide their assessment, and then the White House will make its comments.”
    MSNBC host Stephanie Ruhle said that Trump could denounce the mosque attack without commenting on the perpetrator.
    “You don’t have to make a statement about who did it, but you can make a public statement denouncing how terrible it would be to attack a building of worship,” she told Gorka.
    “That’s fine, and I’m sure the president will do that,” he replied.
    He also said: “People fake hate crimes… The question of who does it is a question, when you’ve had people fake hate crimes with some regularity in the last six months.”
    Minnesota Gov. Mark Dayton declared the incident a “a criminal act of terrorism” when he visited the center on Sunday.
    There were no injuries in the blast that took place at 5 a.m. local time on Saturday morning.

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    related_nodes: 
    Minnesota mosque explosion ‘deeper and scarier’ than threats
    FBI: Explosive detonated at Minnesota mosque
    1 killed, 1 missing in explosion at Minnesota school