• Algeria warns Saudi Arabia, Russia against increasing oil output
Algeria warns Saudi Arabia, Russia against increasing oil output

Traders have also been watching U.S. oil production, which has surged by 30 percent over the last two years to 10.9 million bpd, absorbing some of the recent disruptions. ally Saudi Arabia. Last week, US State Department officials announced that they are pushing nations to bring down purchases of Iranian oil to zero.

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  • Lance Stephenson follows LeBron James to the Lakers
Lance Stephenson follows LeBron James to the Lakers

His reason for being there is unknown: The Lakers are considered a strong candidate to sign James, but he also has an offseason home in L.A. The 33-year-old has left his hometown team for the second time in his career having previously departed in 2010 to join the Miami Heat .

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  • Saudi Arabia pledged to expand oil capacity if needed -White House
Saudi Arabia pledged to expand oil capacity if needed -White House

However, the price action on Friday suggests that buyers are still coming in and aggressively willing to chase this market higher. The Trump administration has been counting on Saudi Arabia and other OPEC members to supply enough oil to offset the lost Iranian exports and prevent oil prices from rising sharply.

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  • 'If Swiss Money White, Where Is Black Money': Congress Comeback At Centre
'If Swiss Money White, Where Is Black Money': Congress Comeback At Centre

The agreement for automatic exchange of information was signed between Switzerland and India last November under which both countries would start collecting data in accordance with the global standards in 2018 and exchange it from 2019, Goyal told reporters here on the sidelines of an Institute of Cost Accountants of India event.

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  • Elon Musk accused of stealing artist's farting unicorn design
Elon Musk accused of stealing artist's farting unicorn design

In a since deleted tweet, Musk called it "maybe my favorite mug ever", leading to a boost in global sales, the outlet reported. Luckily, Edwards had a friend who bought a Tesla vehicle, according to Westword , and was told his design was automatically sitting within the hidden sketch pad feature.

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  • China tries to defuse trade pressure, says world benefits
China tries to defuse trade pressure, says world benefits

The white paper defends China's policy. Hong Kong's Hang Seng added 0.5 percent to 28,497.32 while the Shanghai Composite in mainland China extended its losses by 0.9 percent to 2,786.90. It didn't address complaints Beijing hampers access to promising industries and that plans to develop Chinese champions in electric cars and other industries viol...

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  • Trump asked Saudi Arabia to boost its oil production by 2M barrels
Trump asked Saudi Arabia to boost its oil production by 2M barrels

Continuing increases came despite the decision last week by OPEC and its allies to increase production by as much as 1 million barrels per day. In a morning tweet from his private golf club in Bedminster, New Jersey, Trump said he made the request during a conversation with Salman, citing the " turmoil " and dysfunction in Venezuela and Iran...

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  • Run oil firms could turn to United States crude after sanctions on Iran
Run oil firms could turn to United States crude after sanctions on Iran

A veteran of OPEC diplomacy for more than two decades, the prince, a son of King Salman, was instrumental in getting the initial production pact together in 2016. The latest news were that Libyan National Army had passed control of the country's oil ports to a non-officially recognized National Oil Corporation affiliated with the eastern government...

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  • Photo of Geoffrey the Giraffe leaving Toys
Photo of Geoffrey the Giraffe leaving Toys "R" Us store goes viral

Pouring salt on the wounds of nostalgic millennials further, a photo of mascot Geoffrey the Giraffe wheeling a small suitcase out of an empty Toys R Us store went viral this week - a vivid illustration of what has become a sad story about American industry.

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  • The New Amazon Partners Program Can Only Make Amazon Stock Stronger
The New Amazon Partners Program Can Only Make Amazon Stock Stronger

Amazon says the earning potential for successful owners is as much as $300,000 in annual profit operating a fleet of 40 vehicles. "We're also today really excited to be sharing that we're going to be committing $1 million toward funding startup costs for qualified military candidates", said Udit Madan, Amazon's director of worldwide last mil...

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  • Opec supply buffer shrinks as it heeds call to pump more oil
Opec supply buffer shrinks as it heeds call to pump more oil

The tightness in global and U.S. supplies isn't likely to be helped by production outages in Libya and Canada , as well as the limited ability of other OPEC countries to up their production capacity in such a short space of time, which suggests we could see USA crude head towards $76 a barrel in short order on any break through the highs of earl...

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  • Trump Says Saudi King Agrees to Ramp up Oil Production
Trump Says Saudi King Agrees to Ramp up Oil Production

The world's top oil exporter plans to pump as much as 11 million barrels of oil per day (bpd) in July, after OPEC agreed with Russian Federation and other oil producers to raise output by about 1 million bpd. Last week's deal, after a third day of talks, was a win for Saudi Arabia and Russian Federation, which hold the most spare capacity and w...

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  • IEA: Iran, Venezuela Oil Production Could Drop 30 Percent
IEA: Iran, Venezuela Oil Production Could Drop 30 Percent

The low extended to $66.51. The president has been vocal about his dissatisfaction with oil prices in the past. U.S. President Donald Trump repeated criticism of OPEC in another tweet on Wednesday, blaming the group for keeping prices too high.

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  • Harley-Davidson to move production overseas thanks to Trump’s tariffs
Harley-Davidson to move production overseas thanks to Trump’s tariffs

If they move, watch, it will be the beginning of the end- they surrendered, they quit! He tweeted: "The Aura will be gone and they will be taxed like never before!" The union representing Harley workers previously said it expected the company to move production from Kansas City, Missouri, to Thailand .

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  • U.S. demands world halt Iranian oil imports by Nov 4
U.S. demands world halt Iranian oil imports by Nov 4

The State Department official said he had been meeting with European diplomats to convey the message that the Trump administration is serious about enforcing new sanctions on trade with Iran since President Donald Trump withdrew the USA from the Iran nuclear deal in May.

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  • Trump 'surprised' as Harley-Davidson moves some production overseas
Trump 'surprised' as Harley-Davidson moves some production overseas

Harley-Davidson said the EU's new tariffs on US-made motorcycles would drive up costs and force the company to shift a sizable portion to its production outside of the United States to avoid the tariff . Trump hosted executives from the Milwaukee-based company and the union officials representing its workers past year at the White House ....

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  • U.S. Treasury's Mnuchin says new investment curbs not specific to China
U.S. Treasury's Mnuchin says new investment curbs not specific to China

However, Treasury Secretary Steven Mnuchin denied the report saying any measures would apply to all countries stealing United States technology. US Treasury Secretary Steven Mnuchin denied both reports. Liu said that China and the European Union want to avoid such practices "impacting the global economy ", Efe news reported. "Trade must be fai...

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  • Turkey's opposition concedes election defeat as Erdogan returns as president
Turkey's opposition concedes election defeat as Erdogan returns as president

Speaking early Monday, Supreme Election Council head Sadi Guven said 97.7 percent of votes had been counted and declared Erdogan the victor, according to the Associated Press. Noting similarities between official data and monitoring by his party, he said the victory margin was so wide that it "cannot be explained merely by election irregularities...

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  • Harley-Davidson to make motorcycles in Europe to avoid trade-war tariffs
Harley-Davidson to make motorcycles in Europe to avoid trade-war tariffs

Editorial Note: The following is the text of a filing made by Harley-Davidson, Inc.to the U.S. Securities and Exchange Commission today, June 25, 2018 . "Harley-Davidson believes the tremendous cost increase, if passed onto its dealers and retail customers, would have an immediate and lasting detrimental impact to its business in the region...

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  • Amazon Prime Day 2018: When is it?
Amazon Prime Day 2018: When is it?

Now though TechRadar has found a banner posted on the Amazon UK website that clearly says that the 2018 Amazon Prime Day will be July 16th, 2018. Prime Day has sparked off something of a bidding war among various retailers, as stores vie for shoppers' attention.

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