OPEC and its allies need to find a balance between supporting oil prices and keeping U.S. crude production at bay, a strategist told CNBC this week as the oil-producing group starts to roll back supply cuts. The alliance’s historic production cuts of 9.7 million barrels per day expired on July 31 this year. From August,
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India has reported a record daily jump in coronavirus cases, taking the total number of infections in the country above two million. On Friday, officials confirmed that 62,538 new cases had been identified. India is the third worst-affected country in the world behind the US and Brazil. Image: Health workers during a check-up campaign in
Donald Trump has signed an executive order banning any US transactions with the Chinese company that owns the video-sharing app TikTok. The order, which will come into effect in 45 days, comes after his administration warned it was stepping up efforts to purge “untrusted” Chinese apps. Tencent, which owns the WeChat app, is also being
The UK could see record-breaking temperatures on Friday – with forecasters warning it could be the hottest day of the year so far. Temperatures are set to rise above 37C (98.6F) in London and the South East today, with the stifling heat expected to continue through Saturday and Sunday. It could be even hotter than
In this screengrab taken from a berniesanders.com webcast, Democratic presidential candidate Sen. Bernie Sanders (I-VT) talks about his plan to deal with the coronavirus pandemic on March 17, 2020 in Washington, D.C. Businesses are being severely impacted, schools are closing temporarily and large events are being postponed as the COVID-19 virus continues to spread across
Dominic Cummings’ lockdown-busting trip to Durham and Barnard Castle damaged public trust in the government’s handling of the COVID-19 pandemic, according to a new study. Scientists from University College London (UCL) claim that confidence dropped after Boris Johnson‘s controversial adviser drove his wife and child 300 miles from London to Durham and then took a
VW is about to start deliveries of the ID.3, but we now learn that the ID.4 electric SUV is not far behind, and US production is on track for early 2022. After a year of production, VW is finally about to deliver the ID.3 in Europe after completing the software. The new electric hatchback is
Abu Dhabi city skyline, United Arab Emirates. kasto80 | iStock | Getty Images DUBAI, United Arab Emirates — The United Arab Emirates announced Saturday the successful start-up of its Barakah nuclear energy plant, the first in the Arab world and a significant step towards the country’s goal of emissions-free electricity. With the announcement, the UAE
August 6th, 2020 by Saurabh Sembcorp Energy India Limited, a wholly owned subsidiary of Singapore-based Sembcorp Industries, has announced completion of its 800 MW wind energy projects in India. The wind projects were awarded to Sembcorp under the first, second, and third auctions conducted by Solar Energy Corporation of India (SECI). The company was awarded
2:36 PM ET Associated Press Defending champion Rafael Nadal will skip the US Open because of the coronavirus pandemic, putting on hold his bid to equal Roger Federer‘s men’s tennis record for Grand Slam titles. Nadal explained his decision in a series of tweets sent in Spanish and English on Tuesday. “The situation is very
7:00 AM ET Alden Gonzalez Close ESPN Staff Writer Joined ESPN in 2016 to cover the Los Angeles Rams Previously covered the Angels for MLB.com Jesse Rogers Close ESPN Staff Writer Jesse joined ESPN Chicago in September 2009 and covers MLB for ESPN.com. Los Angeles Dodgers hitting coach Brant Brown used to see his daily
The 2020 27-inch iMac. Todd Haselton | CNBC I’ve been toying around with Apple‘s new 27-inch iMac, which was announced earlier this week and starts at $1,799. Apple bumped up a bunch of the hardware inside, but also focused on a few things that I think are really important for people and families who are
Businesses have demanded a “no surprises” approach to the handling of local coronavirus lockdowns following complaints of mixed messages and a lack of communication. The CBI, which represents 190,000 UK firms, said those caught up in renewed COVID-19 restrictions to date in places such as Leicester had rated the implementation as “mixed at best” to
August 6th, 2020 by Saurabh India’s Ministry of New and Renewable Energy has issued guidelines for round-the-clock supply of electricity by bundling solar and thermal power. This type of bundling renewable energy with the thermal is first-of-a-kind in the world wherein consistent power to the grid is ensured without worrying about grid stability issues. Under
Lebanon needs a new “political initiative” as part of its rebuilding process because of corruption in the country, the French president has told Sky News. Emmanuel Macron became the first foreign leader to visit the site of the Beirut explosion on Thursday. The French leader arrived in the country with aid as international search teams
Homes that throw parties in Los Angeles risk having utilities switched off following a fresh crackdown on large gatherings. The county’s department of public health said in a statement that it “has issued a legally binding health officer order” that bans gatherings, including parties, during the coronavirus pandemic. Los Angeles mayor Eric Garcetti authorised the