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2017–2019 World Oil Market Chronology
2017 Despite the promises of lower output from other countries, no evidence of changes was seen. U.S. output was higher. Also, China's economic problems caused concern. Brent fell 3% in the second week of the year to $55.45. WTI fell to $52.37 for a nearly 3% loss. On January 18, with a strong dollar and expectations of higher U.S. production, Brent fell to $53.92 and WTI to $51.08. With U.S. production and inventories up, even a lower dollar and decreased production by OPEC nations did not cause oil prices to rise as much as they could have. WTI reached $53.07 and Brent $55.44 on January 26. On February 8, the U.S. Energy Information Administration reported the second-largest increase in oil supplies, the day after WTI reached $52.17 and Brent reached $55.05, the lowest in three weeks for both, thanks to a strong dollar. Still, prices moved higher on February 8. With the increase in U.S. supplies and OPEC's plan to keep cutting production, oil ended the next week down, with WTI ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forties Pipeline System
The Forties pipeline system (FPS) is a major pipeline transport network in the North Sea. It is owned and operated by Ineos and carries 30% of the UK's oil, or about of oil per day, to shore. It carries liquids production from 85 fields in the North Sea and several Norwegian fields on behalf of around 40 companies. The system has a capacity of 575,000 barrels of oil a day. FPS consists of a pipeline originating at APA Corporation's Forties Charlie platform. The pipeline carries crude oil , routing through the Forties Unity riser platform, to the terminal at Cruden Bay. From there unstabilised crude is co-mingled with natural gas condensate from the St Fergus terminal and pumped to the processing facility at Kinneil, Grangemouth. The onshore pipeline has three intermediate pumping stations at Netherley, Brechin and Balbeggie. History The original 32-inch pipeline was opened in 1975 to transport oil from the Forties Oil Field, the UK’s first major offshore oil field. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thanksgiving (United States)
Thanksgiving is a Federal holidays in the United States, federal holiday in the United States celebrated on the fourth Thursday of November. It is sometimes called American Thanksgiving (outside the United States) to distinguish it from Thanksgiving (Canada), the Canadian holiday of the same name and Thanksgiving, related celebrations in other regions. It originated as a Days of humiliation and thanksgiving, day of thanksgiving and harvest festival, with the theme of the holiday revolving around giving thanks and the centerpiece of Thanksgiving celebrations remaining a Thanksgiving dinner. The dinner traditionally consists of foods and dishes indigenous to the Americas, namely Turkey (bird), turkey, potatoes (usually Mashed potato, mashed or Sweet potato, sweet), stuffing, Winter squash, squash, maize, corn (maize), green beans, Cranberry, cranberries (typically in Cranberry sauce, sauce form), and pumpkin pie. Other Thanksgiving customs include charitable organizations offering ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Sanctions Against Iran
The United States has since 1979 applied various economic, trade, scientific and military sanctions against Iran. United States economic sanctions are administered by the Office of Foreign Assets Control (OFAC), an agency of the United States Department of the Treasury. Currently, United States sanctions against Iran include an embargo on dealings with the country by the United States, and a ban on selling aircraft and repair parts to Iranian aviation companies.Haidar, J.I., 2015Sanctions and Exports Deflection: Evidence from Iran" Paris School of Economics, University of Paris 1 Pantheon Sorbonne, Mimeo The United States has imposed sanctions against Iran in response to the Iranian nuclear program and Iranian support for Hezbollah, Hamas, and Palestine Islamic Jihad, that are considered terrorist organizations by the United States. Iranian support for the Shia militias in Iraq and the Houthis in the Yemen civil war are also in contention. On 17 May 2018, the European Commissi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hurricane Michael
Hurricane Michael was a very powerful and destructive tropical cyclone that became the first Category 5 hurricane to make landfall in the contiguous United States since Andrew in 1992. It was the third-most intense Atlantic hurricane to make landfall in the contiguous United States in terms of pressure, behind the 1935 Labor Day hurricane and Hurricane Camille in 1969. Michael was the first Category 5 hurricane on record to impact the Florida Panhandle, the fourth-strongest landfalling hurricane in the contiguous United States, in terms of wind speed, and the most intense hurricane on record to strike the United States in the month of October. The thirteenth named storm, seventh hurricane, and second major hurricane of the 2018 Atlantic hurricane season, Michael originated from a broad low-pressure area that formed in the southwestern Caribbean Sea on October 1. The disturbance became a tropical depression on October 7, after nearly a week of slow development. By t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States–Mexico–Canada Agreement
The Agreement between the United States of America, the United Mexican States, and Canada (USMCA) Commonly known as the United States–Mexico–Canada Agreement (USMCA) in the United States and the Canada–United States–Mexico Agreement (CUSMA) in Canada. is a free trade agreement between Canada, Mexico, and the United States. It replaced the North American Free Trade Agreement (NAFTA) implemented in 1994, and is sometimes characterized as "NAFTA 2.0", or "New NAFTA", since it largely maintains or updates the provisions of its predecessor. USMCA created one of the world's largest free trade zones, spanning roughly 500 million people and totaling over $26 trillion in GDP (PPP). USMCA resulted from renegotiations between the NAFTA member states beginning in 2017; characterized as "tumultuous", these centered primarily on "auto exports, steel and aluminum tariffs, and the dairy, egg, and poultry markets". All sides came to a formal agreement on October 1, 2018, and U.S. Pres ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hurricane Florence
Hurricane Florence was a powerful and long-lived Cape Verde hurricane that caused catastrophic damage in the Carolinas in September 2018, primarily as a result of freshwater flooding due to torrential rain. The sixth named storm, third hurricane, and the first major hurricane of the 2018 Atlantic hurricane season, Florence originated from a strong tropical wave that emerged off the west coast of Africa on August 30, 2018. The wave steadily organized, and strengthened into a tropical depression on the next day near Cape Verde. Progressing along a steady west-northwest trajectory, the system gradually strengthened, acquiring tropical storm strength on September 1. An unexpected bout of rapid intensification ensued on September 4–5, culminating with Florence becoming a Category 4 major hurricane on the Saffir–Simpson scale (SSHWS), with estimated maximum sustained winds of 130 mph (215 km/h). Strong wind shear then led to rapid weakening, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Distillate
Distillation, or classical distillation, is the process of separating the components or substances from a liquid mixture by using selective boiling and condensation, usually inside an apparatus known as a still. Dry distillation is the heating of solid materials to produce gaseous products (which may condense into liquids or solids); this may involve chemical changes such as destructive distillation or cracking. Distillation may result in essentially complete separation (resulting in nearly pure components), or it may be a partial separation that increases the concentration of selected components; in either case, the process exploits differences in the relative volatility of the mixture's components. In industrial applications, distillation is a unit operation of practically universal importance, but is a physical separation process, not a chemical reaction. An installation used for distillation, especially of distilled beverages, is a distillery. Distillation includes the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2018 China–United States Trade War
Eighteen or 18 may refer to: * 18 (number), the natural number following 17 and preceding 19 * one of the years 18 BC, AD 18, 1918, 2018 Film, television and entertainment * ''18'' (film), a 1993 Taiwanese experimental film based on the short story ''God's Dice'' * ''Eighteen'' (film), a 2005 Canadian dramatic feature film * 18 (British Board of Film Classification), a film rating in the United Kingdom, also used in Ireland by the Irish Film Classification Office * 18 (''Dragon Ball''), a character in the ''Dragon Ball'' franchise * "Eighteen", a 2006 episode of the animated television series ''12 oz. Mouse'' Music Albums * ''18'' (Moby album), 2002 * ''18'' (Nana Kitade album), 2005 * '' 18...'', 2009 debut album by G.E.M. Songs * "18" (5 Seconds of Summer song), from their 2014 eponymous debut album * "18" (One Direction song), from their 2014 studio album ''Four'' * "18", by Anarbor from their 2013 studio album '' Burnout'' * "I'm Eighteen", by Alice Cooper commonly r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Memorial Day
Memorial Day (originally known as Decoration Day) is a federal holiday in the United States for mourning the U.S. military personnel who have fought and died while serving in the United States armed forces. It is observed on the last Monday of May; from 1868 to 1970 it was observed on May 30. Many people visit cemeteries and memorials on Memorial Day to honor and mourn those who fought and died while serving in the U.S. military. Many volunteers place American flags on the graves of military personnel in national cemeteries. Memorial Day is also considered the unofficial beginning of summer in the United States. The first national observance of Memorial Day occurred on May 30, 1868. Then known as Decoration Day, the holiday was proclaimed by Commander in Chief John A. Logan of the Grand Army of the Republic to honor the Union soldiers who had died in the Civil War. This national observance was preceded by many local ones between the end of the Civil War and Logan's declara ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Douma Chemical Attack
On 7 April 2018, a chemical warfare attack was carried out by forces of the government of Bashar al-Assad in the Syrian city of Douma. Medics and witnesses reported that it caused the deaths of between 40 and 50 people and injuries to possibly well over 100. The attack was attributed to the Syrian Army by rebel forces in Douma, and by the United States, British, and French governments. On 14 April 2018, the United States, France and the United Kingdom carried out a series of military strikes against multiple government sites in Syria. On 6 July 2018, an interim report was issued by the Organisation for the Prohibition of Chemical Weapons (OPCW). Various chlorinated organic chemicals (dichloroacetic acid, trichloroacetic acid, chlorophenol, dichlorophenol, bornyl chloride, chloral hydrate etc.) were found in samples, along with residues of explosive, but the designated laboratory 03 stated that no CWC-scheduled chemicals or nerve agent–related chemicals were detected. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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