Walmart Online Grocery Delivery Coming to 100 Cities
Mahmudullah blitz takes Bangladesh to tri-series final
Skiers thrown from malfunctioning ski lift
Sensex records sharpest fall in more than a month
Asia's tycoon, billionaire and empire-builder Li Ka-shing retires
Bearish IEA Demand Outlook Could Pressure Prices
13 October 2017, 09:43 | Cesar Cruz
Oil rises on signs of tighter market
Brent also rose 2 percent the previous day.
Prices dropped after the American Petroleum Institute reported on Wednesday that USA crude stocks rose by to 468.5 million barrels last week, disappointing expectations for a drop of 400,000 barrels.
In its monthly report, OPEC points the market could find support this northern Winter due to the low reserves of destilated fuel and previsions of colder temperaturas, fact that would increase the demand for heating purposes.
According to the EIA, crude inventories fell by 2.7 million barrels in the week to October 6 compared with analysts' expectations for a decrease of 2 million barrels. S. inventories and a falloff in weekly production on Thursday.
Meanwhile, the agency forecast that USA oil demand for 2017 is set to grow by 230,000 bpd compared with previous forecast of 350,000 bpd. Analysts in a Wall Street Journal survey had projected a 1.7 million-barrel decline.
The OPEC-led deal helped lift oil from below $30 a barrel early past year.
"There is little doubt that leading producers have re-committed to do whatever it takes to underpin the market", the IEA said in a report on Thursday.
"Our forecast of global demand growth remains unchanged at 1.6 million barrels per day in 2017, or 1.6 percent, and 1.4 million barrels per day in 2018, or 1.4 percent", said the report. From this we can conclude that the outlook for the market over the near-term is likely to be bearish because of the forecast for lower oil demand in 2018.
Woman who swam in crocodile-infested creek feared dead
Forensic tests are being carried out in Cairns. "We continue to search that area in the hopes we do find her alive". Wildlife officers are expected to set traps to catch the crocodile believed to have taken Ms Cameron.
Tesla recalls 11000 Model X SUVs over possible seat issue
The automaker recalled 2,700 Model X vehicles in April 2016 because the third-row seats could move if there were an accident. We are emailing to inform you of a proactive action Tesla is taking to ensure your safety as a Model X owner.
ESRB Doesn't Consider Loot Boxes as a Form of Gambling
Given the billions of dollars video game creators make from DLC each year, things like loot boxes aren't going away anytime soon. But it seems that ESRB only counts it as gambling if the players have a chance of not getting anything from the loot box.
Netflix's She's Gotta Have It Official Trailer
Nola's therapist will be played by Heather Headley , with Margot Bingham , Chyna Layne , and Elise Hudson playing her friends. If Nola Darling can get through this series without being punished for enjoying herself, I will consider it a guide to life.
Zverev attempts to explain Shanghai exit
And he underlined his status as the man to beat in Shanghai as he battered the Italian Fognini 6-3, 6-1. Del Potro will John Isner of the US or Viktor Troicki of Serbia in the last eight on Friday.
Who is Melania Trump?
A note that Melania Trump has not taken, she, with a sense of humor... "I think she played a big role in the victory of Donald Trump".
Reviewing the Insider Trends for Wal-Mart Stores, Inc. (WMT)
Inc. now owns 1,526 shares of the retailer's stock worth $115,000 after purchasing an additional 1,252 shares in the last quarter. Greylin Invest Mangement holds 9,930 shares or 0.17% of its portfolio. 970,900 are owned by Point72 Asset Limited Partnership.