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Is OPEC winning the war on oil glut?

OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter of 2018, ministers said on Friday. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels per day (bpd) since the start of 2017, helping lift oil prices by 15 percent in the past three months. OPEC and its allies have been considering extending the deal beyond the end of March when it is due to expire. Russia’s energy minister said no decision was expected before January, although other ministers suggested such a decision could be taken before the end of this year. “I think we can return to this issue not earlier than January next year,” Russia’s Alexander Novak said when asked about a timeline for any decision on extending the pact to curb supplies. Speaking after Friday’s meeting of oil ministers in Vienna, he also said OPEC and the other producers needed to continue working closely together well into 2018. “We need not only to keep up the pace but continue our coordinated joint actions in full, but also work out a strategy for the future, to which we will stick starting from April 2018,” he said, adding oil demand was rising at a “high pace”. Other ministers said a decision on extending cuts could be taken in November when OPEC holds its next formal meeting. “In November, we’re going to take decisions,” Venezuelan Oil Minister Eulogio Del Pino told reporters, adding the group was “evaluating all the options” including an extension to the pact. Benchmark Brent crude is now trading at more than $56 a barrel, although it is still half the level it was in mid-2014. MARKET REBALANCING Kuwaiti Oil Minister Essam al-Marzouq, who chaired Friday’s meeting of the Joint Ministerial Monitoring Committee, said supply cuts were helping cut global crude inventories to their five-year average, OPEC’s stated target. “Since our last meeting in July, the oil market has markedly improved,” Marzouq said as he opened the Vienna gathering. “The market is now evidently well on its way towards rebalancing.” He said there were a “number of positives” in the market, including stock levels in industrialised OECD states in August that were 170 million barrels above the five-year average, down from 340 million barrels in January. He also said oil in floating storage was falling and cited a shift of benchmark Brent prices into backwardation, a market condition in which it is more attractive to sell oil immediately rather than keeping it stored. This indicates tighter supplies. The Kuwaiti minister also said the ministerial monitoring group would continue watching production data, but would also propose a review of export data as well. OPEC officials have said exports have a more direct impact on the international supply than production. The supply pact sets production limits for participating OPEC and non-OPEC states but puts no restrictions on export levels, so some producers have been able to keep exports relatively high by dipping into their stored reserves. In addition, rising crude prices have encouraged U.S. shale oil producers to ramp up output, a further reason why the drawdown on global inventories has taken longer than expected. Ministers from Libya and Nigeria, both OPEC members but exempted from supply curbs as their oil industries recover from years of unrest, were invited to Friday’s meeting. The Kuwaiti minister said the two nations would contribute to supply cut deal once their production stabilises. Click to Post

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Why People Think Documents Are A Good Idea

Reasons for Document Scanning. The conversion of documents to digital imaging through scanning paper documents is known as document imaging scanning. When documents are converted to digital images, that is called digital archiving or digital imaging. Digital images are stored on CD, hard drive, the internet or an external drive.Everyone can use document scanning. There are many advantages that businesses can get if the employ document scanning services. In the current market, it seems that the cost of computers, hard drives, broadband, and disk backup is dropping. The reduced cost has made them affordable, and therefore companies are getting the advantages of scanning documents. How I Achieved Maximum Success with Businesses Some businesses have computers, but they use papers for all of the business information. And then, you get to ask yourself why they have computers in the office. It would be more sensible if all the business documents can be made available for viewing on the computer or documents can be scanned on a device that can easily and speedily be attached to the computer. This is possible with the help of PDF viewer that enables viewers to view PDF files. Finding Ways To Keep Up With Companies There are many benefits of document scanning you need to know. First and foremost, the business will have the benefit of not having to photocopy and file each document hence save on the amount of work . Time saved, can be used to do other essential duties. There is a reduction in expenses for the company since the company can email documents rather than paying for delivery services. Another benefit of document scanning is that retrieval of documents and storage is simpler. It is easy to store documents which are under legal retention requirement.The office has extra space since there is no longer the need for filing cabinets and other filing systems. Many files can be stored in one CD.For instance one CD can hold twelve thousand documents. This means so much cabinet space has been saved. Just think of what you can do with the extra space. Document scanning increases the security of data. The manager or business owner can restrain access to particular documents. The manager can find out who viewed or printed documents . Incidences such as theft, fire and employee misconduct cannot destroy information since there is back up available, hence there is no loss of files due to such incidents. Wear and tear on old historical documents can be saved by document scanning. Document scanning is irreplaceable so consider all the various benefits afforded to a business that employs it. Click to Post

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Get paid blogging: Why Yllix?

If your blog has enough traffic (Look on alexa, if your blog is below 1 million, you may join Yllix Now) You can get your payment sent to you when you make up to one dollar. Here below is how yoou can play safe with Yllix ad formats: Banner ads : These are just normal banner ads like all other ad networks like Adsense. Safe HTTPS Banner ads : These are safe ads and they do not contain any ads which are unsafe to the visitors. This avoids the displaying of malware or virus ads. Slider ads : These ads get more clicks because they are very bif in size. They are like a large vertical billboard which are displayed in right or left side of the blog. Mobile redirects : I don’t recommend this to anyone. Because Google hates redirects. That’s why i won’t use them. All your traffic is redirected to the sponsors website and you lose all your traffic. (THIS IS THE AD FORMAT THAT GOT MY FORMER SITE OUT OF SEARCH ENGINES) Layer ads : These are ads which are displayed as a page ( layer ) in the page and the visitor has the option to close it, if he didn’t like it. Popup ads : This format is very good but not recommended by me. Using popup’s irritates users and he/she will never visit your blog again. These are the ad formats which are offered by yllix. join Yllix Now Source Click to Post

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Practical and Helpful Tips: Resources

Choosing the Right Deck Stain Contractor Deck staining supplies two very considerable advantages - it upgrades the look of your wood deck and it also prolongs the life of the wood that has been utilized to build it. These stains are not just intended to enhance the appearance of the wood, they are also intended to protect it from potential damage such as rotting and warping. Wood stain can be found in a number of different colors, and can correspond to the color of the wood and can complement the look of your home's exterior. Hiring a professional can ensure that you get the results you wanted. Here are a few of the most important things that you need to remember when you are looking for the best deck stain contractor. Assess Experience and Skill No matter what you type of deck you own, when you hire someone to improve it for you, you want to be sure that the job will be finished properly. Make sure that you are aware of what the job demands. The deck stain contractor you choose should know how to manage different types of decks and concerns. In their years of working in the area of deck staining, they will have worked with innumerable property owners with varying deck issues. For smaller tasks, hiring a handyman service instead of a company specializing in deck staining can be the preferred option. Nonetheless, for more significant projects, calling in an experienced and reliable company can be your only choice. Smart Tips For Finding Resources Inquire about Insurance and Bonding Where To Start with Decks and More A reliable deck stain contractor will make certain that all their bases are covered, particularly in offering protection for both themselves and their customers. Find out more about their insurance and bonding to know whether you will be held liable for any accidents that might happen on your property during the time when the staining is being performed. Any property damage or loss or property triggered into being by the contractor must be replaced or paid for by their insurance coverage. This is extremely essential and can also aid you in preventing undesirable legal issues resulting from an accident or a dishonorable contractor. Ask Good Questions during the First Call When the job is critically urgent, you may not be able to call their references or corroborate their credentials, but it is still essential to make certain that the contractor is qualified. No matter how wonderful they sound over the phone, do not rush into selecting the first company you call. For best results, compare rates by interviewing three or more contractors. Keep in mind that you should be careful of prices that are furnished over the phone. Click to Post

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Obamacare: Why McCain turns down repeal

McCain was the crucial vote that halted the Republicans’ earlier repeal effort in July. In voting no, he cited the absence of both committee hearings on the legislation and the lack of Democratic buy-in. He urged GOP leaders to return to the drawing board to work on a bipartisan plan that followed regular order — and that was the same message he delivered on Friday. Read full story Click to Post

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Is OPEC winning the war on oil glut?

OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter of 2018, ministers said on Friday. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels per day (bpd) since the start of 2017, helping lift oil prices by 15 percent in the past three months. OPEC and its allies have been considering extending the deal beyond the end of March when it is due to expire. Russia’s energy minister said no decision was expected before January, although other ministers suggested such a decision could be taken before the end of this year. “I think we can return to this issue not earlier than January next year,” Russia’s Alexander Novak said when asked about a timeline for any decision on extending the pact to curb supplies. Speaking after Friday’s meeting of oil ministers in Vienna, he also said OPEC and the other producers needed to continue working closely together well into 2018. “We need not only to keep up the pace but continue our coordinated joint actions in full, but also work out a strategy for the future, to which we will stick starting from April 2018,” he said, adding oil demand was rising at a “high pace”. Other ministers said a decision on extending cuts could be taken in November when OPEC holds its next formal meeting. “In November, we’re going to take decisions,” Venezuelan Oil Minister Eulogio Del Pino told reporters, adding the group was “evaluating all the options” including an extension to the pact. Benchmark Brent crude is now trading at more than $56 a barrel, although it is still half the level it was in mid-2014. MARKET REBALANCING Kuwaiti Oil Minister Essam al-Marzouq, who chaired Friday’s meeting of the Joint Ministerial Monitoring Committee, said supply cuts were helping cut global crude inventories to their five-year average, OPEC’s stated target. “Since our last meeting in July, the oil market has markedly improved,” Marzouq said as he opened the Vienna gathering. “The market is now evidently well on its way towards rebalancing.” He said there were a “number of positives” in the market, including stock levels in industrialised OECD states in August that were 170 million barrels above the five-year average, down from 340 million barrels in January. He also said oil in floating storage was falling and cited a shift of benchmark Brent prices into backwardation, a market condition in which it is more attractive to sell oil immediately rather than keeping it stored. This indicates tighter supplies. The Kuwaiti minister also said the ministerial monitoring group would continue watching production data, but would also propose a review of export data as well. OPEC officials have said exports have a more direct impact on the international supply than production. The supply pact sets production limits for participating OPEC and non-OPEC states but puts no restrictions on export levels, so some producers have been able to keep exports relatively high by dipping into their stored reserves. In addition, rising crude prices have encouraged U.S. shale oil producers to ramp up output, a further reason why the drawdown on global inventories has taken longer than expected. Ministers from Libya and Nigeria, both OPEC members but exempted from supply curbs as their oil industries recover from years of unrest, were invited to Friday’s meeting. The Kuwaiti minister said the two nations would contribute to supply cut deal once their production stabilises. Click to Post

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2 white UK oil moguls captured for fraud in Nigeria

Two United Kingdom oil executives - Osman Shahenshah and Shahid Ullah - have been arraigned over fraudulent activities in Nigeria. Shahenshah and Ullah, former chief executive officer and chief operating officer of Afren, a London-listed oil and gas exploration business were slammed with criminal offences of over payments they received through secret companies in the tune of $400 million. The deals, the charges said, were from business done in Nigeria. Read more: https://www.naij.com/1127595-2-uk-oil-executives-arraigned-400-million-fraud-nigeria.html#1127595 Click to Post

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Why KKW didn't like that Jenner pregnancy news

Kim Kardashian West "didn't respond well at first" to Kylie Jenner's rumoured pregnancy, and took "a lot of time" to process the news. Watch Video HERE Click to Post

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2 white UK oil moguls captured for fraud in Nigeria

Two United Kingdom oil executives - Osman Shahenshah and Shahid Ullah - have been arraigned over fraudulent activities in Nigeria. Shahenshah and Ullah, former chief executive officer and chief operating officer of Afren, a London-listed oil and gas exploration business were slammed with criminal offences of over payments they received through secret companies in the tune of $400 million. The deals, the charges said, were from business done in Nigeria. Read more: https://www.naij.com/1127595-2-uk-oil-executives-arraigned-400-million-fraud-nigeria.html#1127595 Click to Post

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Ugandan parliament fight over presidential age limit (Video)

Ugandan parliament fight over presidential age limit (Video)   Click to Post

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Dubious lottery operators invade the Kano metropolis

The National Union of Lottery Agents and Employees of Nigeria raised the alarm on Thursday that some dubious lottery operators had invaded the Kano metropolis, Kano State, duping innocent residents. The chairman of the Kano State council of the NULAEN, Chief Sydney Emeafu, said the operation of the unregistered lottery operators posed a danger to the economy of the state, as they would deprive the government of due revenue from lottery. Read more Click to Post

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China closes down North Korean companies

Beijing has ordered North Korean-owned businesses in China to close by January, cutting foreign revenue for Pyongyang under United Nations sanctions imposed over its nuclear and missile programmes. China's commerce ministry said on Thursday that companies, including joint ventures with Chinese firms, have 120 days to close from the date the UN resolution was adopted on September 11. Read full news Click to Post

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Jealous woman pours hot water on baby (Photo)

Report has it that the baby is currently in pain at a general hospital in Katsina state. Read news HERE Click to Post

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Apapa gridlock: Lagos urges truck owners to stay away

Worried by the recent traffic bottleneck that has taken over Apapa and its environs, the Lagos State Government on Friday directed owners and operators of articulated vehicles/trailers and petroleum tankers to stay away from Lagos for now. Read the story Click to Post

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A fresh video of Psquare music stars fighting (Click to see video)

http://medianet.info/wp-content/uploads/2017/09/yg9PeoRpHonGbQ-L.mp4 Incase You Missed The Psquare Fight at lawyer's Office... pic.twitter.com/LsnqkWgkWA — Enugu CoalCity (@Coal_City) September 26, 2017 Click to Post

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#Thevoicenigeria #2 gets a winner

After three months of emotional performances and heart breaking evictions, Idyl from team Timi emerged winner of The Voice Nigeria season 2. The Bayelsa-born singer walked away with a recording contract with Universal Music Africa, a brand new GS4 SUV by GAC motors and an all-expense paid trip tour of Dubai courtesy of Ajala.ng. Click to Post

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Array of things that cause infertility in men

What Causes Male Infertility?

Over their lifetimes, around one in each five couples in the United States looks for for children. Shockingly, just 50% of couples who are attempting to end up plainly pregnant accomplish pregnancy effectively and around one out of ten American couples of regenerative age are barren; male infertility represents half of these cases. Regardless of the relative significance of barrenness due to the male, infertility assessments have customarily centered around ladies, since ladies tend to look for gynecological care and since men regularly are hesitant to look for counsel. An assortment of sorts from hormonal unsettling influences to physical issues, to mental issues can cause male infertility. Numerous treatment choices are presently accessible, by and large treatment won't work. In many examples, male infertility is caused by testicular harm bringing about a failure of the gonad to create sperm. Once harmed, the gonad will not normally recover its sperm-production abilities; this part of male barrenness is practically equivalent to menopause (however not regular like menopause) for ladies and can't as a rule be dealt with. Regardless of solution's restricted capacity to treat male barrenness, numerous effective treatment choices are accessible for its many causes. Other than testicular harm, the fundamental driver of male barrenness are low sperm generation and poor sperm quality. The Causes of Male Infertility Male barrenness has many causes- - from hormonal lopsided characteristics, to physical issues, to mental as well as behavioral issues. In addition, richness mirrors a man's "general" wellbeing. Men who carry on with a sound way of life will probably create solid sperm. The accompanying rundown features some way of life decisions that contrarily affect male fruitfulness - it is not comprehensive: · Smoking- - fundamentally diminishes both sperm check and sperm cell motility. · Prolonged utilization of cannabis and other recreational medications. · Chronic liquor mishandle. · Anabolic steroid utilize - causes testicular shrinkage and fruitlessness. · Overly extreme exercise- - creates abnormal amounts of adrenal steroid hormones which cause a testosterone lack bringing about barrenness. · Inadequate vitamin C and Zinc in the eating routine. · Tight clothing - increments scrotal temperature which brings about diminished sperm creation. · Exposure to natural dangers and poisons, for example, pesticides, lead, paint, radiation, radioactive substances, mercury, benzene, boron, and overwhelming metals · Malnutrition and sickliness. · Excessive anxiety! Altering these practices can enhance a man's ripeness and ought to be thought about when as a couple is endeavoring to accomplish pregnancy. Click to Post