OPEC cuts 2020 demand forecast again on rising Covid cases

first_imgA coronavirus-led demand shock has seen oil prices collapse in 2020, with strict public health measures coinciding with curtailed travel and economic activity.An easing of lockdown measures in the third quarter helped global oil demand to improve, but OPEC now fears a surge in the number of reported Covid-19 cases could derail an expected recovery.“As new COVID-19 infection cases continued to rise during October in the US and Europe, forcing governments to re-introduce a number of restrictive measures, various fuels including transportation fuel are thought to bear the brunt going forward,” OPEC said. LONDON — OPEC on Wednesday trimmed its global oil demand forecasts for the remainder of this year and 2021, citing a weaker-than-expected economic outlook and a surge in coronavirus cases.In a closely watched report, the group of oil-producing nations said it now expects world oil demand to contract by around 9.8 million barrels per day year over year in 2020. That reflects a downward revision of 0.3 million barrels from last month’s assessment.For next year, OPEC said oil demand growth will rise by 6.2 million on an annual basis, representing a downward revision of another 0.3 million barrels from its October report. The group has steadily lowered its oil demand outlook for 2021 from an initial expectation of 7 million in July.- Advertisement – – Advertisement – International benchmark Brent crude futures traded at $44.84 a barrel on Wednesday afternoon, up around 2.8%, while U.S. West Texas Intermediate futures stood at $42.52, also 2.8% higher.Both oil contracts were on pace to record their third consecutive positive trading session after hopes of an effective coronavirus vaccine continued to bolster market sentiment.Pfizer and BioNTech said Monday that early results showed their vaccine candidate was more than 90% effective in preventing Covid infections. It is hoped a safe and effective vaccine could help bring an end to the coronavirus pandemic that has claimed over 1.27 million lives.Huge challenges remain before a Covid-19 vaccine can be rolled out, but energy markets have cheered the news.Looking further ahead, OPEC warned “risks remain” with regard to oil demand.“Ongoing developments in the COVID-19 pandemic will continue to dominate a recovery amid the latest news relating to a potential imminent vaccine,” the group said.“The structural impact of the pandemic on various sectors, especially the transportation sector, will linger well into 2021.” – Advertisement –center_img Paul Putnam, 53, a rancher and independent contract pumper walks past a pump jack in Loving County, Texas, November 25, 2019.Angus Mordant | Reuters “These downward revisions mainly take into account downward adjustments to the economic outlook in OECD economies due to COVID-19 containment measures, with the accompanying adverse impacts on transportation and industrial fuel demand through mid-2021,” OPEC said in the report.The report comes ahead of the group’s Nov. 30 and Dec. 1 meeting with non-OPEC allies to discuss the next phase of oil production policy.The energy alliance, a grouping known collectively as OPEC+, had agreed to a record supply cut of 9.7 million bpd starting on May 1. The cut was subsequently scaled back to 7.7 million in August and OPEC+ has said it plans further tapering next year.‘Risks remain’- Advertisement – Organisation of the Petroleum Exporting Countries – OPEC logo is seen on the organisations’ headquarters in Vienna, Austria.Jakub Porzycki | NurPhoto | Getty Imageslast_img read more

Bo’s bunch tops 49ers

first_imgJEFF SCHORFHEIDE/Herald photoIt took more effort than expected, but the University of Wisconsin men’s basketball team (1-0) squeaked by the Long Beach State 49ers (0-2) 68-61 Sunday afternoon at the Kohl Center.The 49ers proved to be a formidable opponent, but UW forward Marcus Landry did everything he could to preserve a Wisconsin victory in its regular season opener.The senior captain scored 23 points, including a three pointer to seal the game for Wisconsin with 30 seconds remaining.The game in its entirety, however, was a struggle on both sides of the court. In the first half, the lead changed eight times, and the score was tied three times.Long Beach State, which hails from the Big West conference, was a serious underdog coming into the game. But with guard Donovan Morris, who averaged 21.2 points per game last season, the Badgers knew they would be challenged.“All those things that sometimes you can get with a team coming in earlier in the year were thrown out the window because they had already done some things,” Wisconsin head coach Bo Ryan said. “What we had to do with the way they were coming back and the way that they are playing now, just everything we heard was that ‘You better get ready for them,’ and, of course, we were.”The way the 49ers kept up with the Badgers was with their stellar first half three-point shooting. Five of Long Beach State’s first six field goals were three pointers.“Our theory is still that shooting percentages can go down as long as you’re making the other team play a little bit of defense,” Ryan said. “We had to make them work to cover us.”The Badgers could not take hold of the lead from the 11:13 mark in the first half until freshman Jordan Taylor served up an alley-oop to Landry to take the lead 32-31 with 1:42 left before halftime. Following the play, Wisconsin began to get into its offensive flow.“I had seen that it was open, and I kind of gave [Taylor] eye contact,” Landry said. “The next thing I knew, the ball was in the air, and I just had to make sure he didn’t get a turnover.”About midway through the second half with the 49ers trailing 53-45, Morris showed the 17,230 fans in attendance why he was picked as the Big West’s preseason player of the year.Morris scored 10 consecutive points for Long Beach State before 49ers forward Arturas Lazdauskas hit a layup to tie the game at 57 points apiece.“He’s a kid that last year, he was our only player. And he had to do that for us to have a chance,” Long Beach State head coach Dan Monson said. “When he gets going, and he gets on a flow, he’s as hard to guard as anyone in the country.”In response to Morris, the Badgers turned to their own star — Landry.With Wisconsin only up by one point with 1:33 remaining in the game, guard Trevon Hughes drove the lane and kicked out a pass in traffic to set up Landry’s game-sealing three pointer.“Those are the things I do in practice, that I try to do in practice and that I try to imitate when it comes to the game,” Landry said. “It’s just reading the offense and also reading the defense as far as the shot goes and being in the right place at the right time.”“It was huge. It’s a different story out there without Marcus playing the way he did today,” forward Joe Krabbenhoft said. “I think everyone knows that. He was huge, getting the ball to the post is an easy job, and then he did all the work.”last_img read more

Jamaica seeks investors for onion project

first_imgThe Jamaican government says it is in discussions with two major investors for the planting of over 2,000 acres of onions as part of a project to boost supplies for the domestic and export markets.Agriculture and Fisheries Minister, Karl Samuda, said one investor has “almost committed” to financing between 400 and 500 acres of land in the parish of St. Catherine, adding that the other is being “encouraged” to take up an additional 1,000 to 2,000 acres.Samuda noted that with less than 15 per cent of the domestic demand for onion currently being filled by local farmers, the government is encouraging major investors to “look at the big acreages that we have to offer” for cultivation in order to “help us to get away from the dependency on imported onions.”Major production effort projectedWhile acknowledging various ongoing onion production initiatives island wide, he said the Ministry is looking at embarking on a major project “to get over this dependency on imports. “We want to produce at a scale… in excess of (domestic) demand and export the balance. That forms part of our objective, which is to make agriculture a net foreign exchange earner,” he added.Samuda said that Jamaica has a “long way to go” in terms of achieving this goal, but said he is particularly encouraged by the level of heightened interest in cultivating onions, and how this will help.“Land is available… and I am encouraging everybody to do onions,” he added.last_img read more

Day One of “Measuring Advocacy for Policy Change: The Case for Respectful Maternity Care” Technical Meeting

first_imgPosted on October 21, 2013February 2, 2017By: Tiffany Clark and Emily Forsyth Queen, USAID Traction ProjectClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to email this to a friend (Opens in new window)Click to print (Opens in new window)Today marked the first day of Measuring advocacy for policy change: The case for respectful maternity care, a meeting convened in Cambridge, MA by the MHTF and the USAID Traction Project. The day kicked off with accounts from past advocacy successes in campaigns on HIV/AIDS, tobacco, and child health. Lessons learned included the need for coalition building, emphasizing contributions rather than attributions to the cause, and being flexible enough to seize opportunities for progress as they arise.Later in the day, experts discussed the need to develop  a sound theory of change to ensure a logical flow between what organizations are doing and what the movement is hoping to achieve. An important part of this process will be to clearly define interim outcomes as pre-conditions for policy change. The session closed with varied perspectives on maternal health advocacy, sparking discussion on opportunities to integrate bottom-up and human-rights approaches in the case of respectful maternity care policy change efforts.Tomorrow, participants will work to develop measurement strategies and to determine follow-up steps for strengthening synergies within the respectful care community on measurement for policy and advocacy.Presentations and meeting documents are available on the meeting page. A detailed summary of today’s discussion is available on Storyify. Follow the day two conversation on Twitter at #RMCadv.Share this: ShareEmailPrint To learn more, read:last_img read more

Best Laptop Sleeves

first_img Hunter Fenollol, on Hunter Fenollol, 1of 7Mosiso polyester laptop sleeveBoth stylish and incredibly slim, the Mosiso case offers lightweight polyester protection for your laptop. The case may not be able to get wet (unlike others on the list), but it’ll keep your laptop unscathed despite whatever items you throw into the case, such as keys and external batteries. There are so many options in size, color and pattern for such a low price, it makes sense that this continues to be the bestselling laptop sleeve on Amazon.Pros: Extra front pocket; Wide range of sizes Cons: Not water repellentCredit: Mosis0, Shutterstock From $12.99 AmazonPREVIOUS1of 7NEXT2of 7AmazonBasics MacBook laptop computer sleeve caseProtect your MacBook with this no-frills AmazonBasics neoprene case. Available in black, blue, gray, navy and purple, this slim case should easily slip into a backpack. You can also get this accessory in a wide range of sizes, including 13.3 inches and 15.6 inches. While the case won’t protect against fall damage, this sleeve will shield your device from bumps and scratches when you’re on the go.Pros: Form-fitting neoprene construction with easy, top-loading accessCons: Light material doesn’t protect against drops; Cheap zipperCredit: Amazon, Shutterstock From $11.99 AmazonPREVIOUS2of 7NEXT3of 7Thule Gauntlet 3.0The polyurethane-hardened Gauntlet offers a rigid exterior with enhanced corner protection for your device. The padded interior works to prevent bumps and scratches. With the slick clamshell design, you can use your device while it’s in the case, which sets the Gauntlet apart from the competition. This sleeve’s defense against the elements and encompassing protection come at a high price. However, it’s not much compared to the cost of an entire laptop replacement.Pros: Elemental and drop-proof; Can use laptop while in the caseCons: Material is bulky, and the price is higher than the competition’sCredit: Thule, Shutterstock From $49.95 AmazonPREVIOUS3of 7NEXT4of 7Nacuwa Hardshell SleeveThis slim EVA hard carrier offers quad-layer drop protection and an enhanced, textured grip. Slim and available in a wide range of sizes, the Nacuwa protects your laptop from drops as well as liquids and dust. The case is less expensive than other hard-shell competitors. Unfortunately, this case fits only thinner systems, leaving people with beefier machines out in the cold.Pros: Slim, hard-shell body offers encompassing protectionCons: Fits only thinner laptopsCredit: Nacuwa, Shutterstock From $28.99 AmazonPREVIOUS4of 7NEXT5of 7ProCase laptop sleeveEquipped with a handle for carrying, the ProCase can be slid into a briefcase or carried by itself. The slim front pocket can house documents or USB-C chargers. The simple, two-tone color scheme also looks great with the canvas material. The ProCase is available in three size ranges and comes in seven different color options: Black, Dark Blue, Dark Gray, Light Gray, Mint Green, Pink and Teal.Pros: Rubberized, extendable handle helps when you need it, tucks away when you don’tCons: Not protective against drops or elementsCredit: ProCase, Shutterstock From $18.99 AmazonPREVIOUS5of 7NEXT6of 7Tomtoc 360Encase your 15-inch laptop in 360 degrees of fluffy interior to protect your machine from the elements. Equipped with CornerArmor, a patented design from TomToc, your laptop edges receive coverage similar to that provided by a car airbag. We especially like that the zipper area is protected to prevent your laptop from getting scratched. Choose from Baby Pink, Blue Black, Gray, Mint Blue or the very funky Grass Green.Pros: Patented edge protection; Lots of exterior design varietyCons: Some users report a film or residue over prolonged useCredit: Tomtoc From $20.99 AmazonPREVIOUS6of 7NEXT7of 7Belltown by Slate CollectionPrefer a premium option? The Belltown by Slate Collection offers premium, naturally water-resistant leather protection for your 15-inch laptop. The bag stretches to accommodate whatever you need to bring on your travels. A high-quality suede interior holds your laptop, with room for a tablet and chargers as well. Color options are Cognac, Indigo, Midnight, Olive and Chocolate. Slap a monogram on the bag for free to create a perfectly personalized gift.Pros: Premium leather; Free engraving optionCons: Most expensive case on the list Credit: Slate Collection From $125.00 AmazonPREVIOUS7of 7NEXT by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeVikings: Free Online GameIf You Have a Computer, This Strategy Game Is a Must-HaveVikings: Free Online GameUndoKelley Blue Book5 Mid-engine Corvettes That Weren’tKelley Blue BookUndoForbes.comCrazy Rich Asians for RealForbes.comUndoVerizon WirelessThis new phone will blow your mind.Verizon WirelessUndoTODAYPolice Identify Girl Licking Ice Cream Tub In Viral VideoTODAYUndoMy Food and FamilyHealthy, Homemade Drunken Thai Noodles In Just 20 MinutesMy Food and FamilyUndoAdvertisement We get it: Your laptop is your life. So not just any case can hold the precious device that contains everything from your work files to irreplaceable home movies. That’s why we’ve searched high and low for the best laptop sleeves, which will ensure that your notebook serves you for years to come. From standard sponge cases to hardened polymer models, these sleeves go above and beyond their call of duty.And protecting your laptop doesn’t have to cost a paycheck. Most of our top picks sell for under $30. And there should be even bigger discounts on Amazon Prime Day.MacBook Air vs MacBook Pro: Which 13-inch MacBook Is Right For You?Apple’s entry-level MacBook Air and Pro look pretty similar, but our testing proved they differ in crucial ways.Your Recommended PlaylistVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9接下来播放Which Cheap Tablet Is Best? Amazon Fire 7 vs Walmart Onn02:45关闭选项Automated Captions – en-USAutomated Captions – en-USAutomated Captions – en-US facebook twitter 发邮件 reddit 链接https://www.laptopmag.com/articles/best-laptop-sleeves?jwsource=cl已复制直播00:0003:4603:46 Credit: Slate Collection Hunter Fenollol is Laptop’s editorial intern, where he covers the latest industry news and products. With a public relations degree from Long Island University, Hunter worked as a publicity specialist for independent game companies prior to joining the team. When he’s not working, you can find Hunter catching some sun at the beach with friends, babysitting his two little sisters or playing the latest video games. Author Biolast_img read more