Oil prices fell, Thursday, in limited trading ahead of an official holiday; Traders are studying the impact of a larger-than-expected rise in US oil inventories in the face of global supply shortages.
Brent crude futures fell $1.14, or 1.1 percent, to $107.64 a barrel, while the price of West Texas Intermediate crude futures fell $1.32, or 1.3 percent, to $102.93 a barrel. The two benchmarks ignored the rise in US inventories, on Wednesday, to close at a rise of regarding four dollars.
The International Energy Agency warned, on Wednesday, that from next May onwards, nearly three million barrels per day of Russian oil supplies might be cut off due to sanctions and a voluntary embargo.
Vandana Hari, founder of oil market analyst Vanda Insights, said the possibility of an EU embargo on Russian oil was virtually non-existent, but no one might or wanted to say that outright. “But just waving that would be enough to maintain the risk premium,” he added.
Despite signs that global supply disruptions may continue, US oil stocks rose by more than nine million barrels last week, the US Energy Information Administration said on Wednesday, in part due to a drawdown in strategic stocks. Analysts polled by Archyde.com had expected stocks to rise by 863,000 barrels. (Archyde.com)
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JOHANNESBURG (AP) — Flooding in the South African metropolitan city of Durban has killed at least 259 people and is “a catastrophe of enormous proportions,” President Cyril Ramaphosa said Wednesday.
“This disaster is part of climate change. It’s telling us that climate change is serious, it’s here,” Ramaphosa said during a visit to the flooded areas of Durban and the eThekwini metropolitan area.
“We can no longer postpone what we need to do, and the measures we need to take to deal with climate change,” he declared.
The death toll is expected to continue to rise as search and rescue operations continue in KwaZulu-Natal province, officials said. The national government is regarding to declare the province a disaster zone, Ramaphosa said.
“KwaZulu-Natal will be declared a disaster area, so we can get things done faster. Bridges have collapsed, roads have collapsed, people have died and people have been injured,” the president said.
He added that a family had lost 10 of its members due to the floods.
Residents have had to flee their homes which have been swept away by torrents, buildings have collapsed and road infrastructure has been severely damaged. The port of Durban was flooded and shipping containers have been left in piles following being washed away.
Authorities were also trying to restore power to large parts of the province following many power plants were flooded.
Rescue efforts by the South African National Defense Force were delayed because the army’s air branch was also affected by the floods, General Rudzani Maphwanya said. The army was able to deploy personnel and helicopters across the province on Wednesday, he said.
The South African Weather Service has warned that winds and rains will continue and the risk of further flooding in Kwazulu-Natal and other provinces over the coming Easter weekend. In addition, South Africa’s Eastern Cape, Free State and North West provinces might be affected, it said.
Mumbai MS. After Dhoni’s retirement from international cricket, India is looking forward to a new dawn in the role of finisher in the middle order. Though Rishabh Pant and Ravindra Jadeja have been batting brilliantly, they have not yet risen to the level of a consistent finisher.
In this situation, Rajasthan Royals youngster Ryan Parag has come up with the idea that he too has an eye on the role of finisher in Team India. Parag expressed confidence that he would be able to become Team India’s finisher not only in Rajasthan but in the years to come.
‘Do not think that I am boasting. I am confident that not only the Rajasthan Royals but also Team India will be the best finishers in the years to come.
I have the advantages for that. You can also take advantage of me as an all-rounder.
Apart from batting, I excel in bowling and fielding. He agrees that there is a lot of preparation to be done and to maintain stability. But I am confident that I will be able to take on the role of finisher for Rajasthan Royals and Team India, ”Parag said in a video show shared by Cricket Tracker.
‘I am very happy to be the captain of the Assam cricket team. MS. The truth is that I imitate Dhoni to some extent. I’m cool too ‘- Parag’s words.
English Summary: ‘I don’t want to praise myself but I can be the best finisher for India’: Rajasthan Royals youngster makes big promise
“Pokemon Go” developer Niantic today (14th) released the new AR mobile game “Peridot”, players can care, raise and breed cute virtual pets in the real world.
Niantic said that the name of the virtual pet is “Peridot”. After thousands of years of sleep, Peridot wakes up in a new world, but the environment is completely different from before. These creatures need the protection of the player to avoid extinction.
In the game, players must nurture and take care of their Peridot, accompanying them from birth to adulthood; they can also feed, pet, and play to keep the Peridot healthy and help them grow. In the process of exploring the world together, the relationship will become closer. You can also cooperate with other players to diversify Peridot’s species and breed unique creatures.
Niantic points out that players can take Peridot for walks wherever they go, as well as take pictures to record unique memories with their pets. The release date of “Peridot” has not been determined, and it is expected to land on both iOS and Android platforms.
Niantic is an American software development company. Its representative works include the AR mobile game “Pokemon GO” co-developed with The Pokémon Company and “Pikmin Bloom” co-developed with Nintendo. “Peridot” is Niantic’s first original AR pet development game.
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