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Saudi Arabia to cut crude oil exports in April: Saudi official

Illustration photo of crude oil being poured from a bottle
Crude oil is poured from a bottle in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

March 11, 2019

DUBAI (Reuters) – Saudi Arabia plans to cut its crude oil exports in April to below 7 million barrels per day (bpd), while keeping its output “well below” 10 million bpd, a Saudi official said on Monday, as the kingdom seeks to drain a supply glut and support oil prices.

State-owned Saudi Aramco’s oil allocations for April are 635,000 bpd below customers’ nominations — requests made by refiners and clients for Saudi crude, the Saudi official said.

“Despite very strong demand from international waterborne customers at more than 7.6 million bpd, customers were allocated less than 7 million bpd,” the official said.

March’s oil exports will also be below 7 million bpd, the official said.

The April allocations by Aramco show “a deep cut of 635,000 bpd from customer requests for its crude oil,” he added.

“This will keep production well below 10 million bpd in April,” the official said, adding that this is also below the 10.311 million bpd that the kingdom has agreed as its production target under an OPEC-led supply cut agreement.

The Organization of the Petroleum Exporting Countries (OPEC) and other producers such as Russia, colloquially known as OPEC+, agreed in December to reduce supply by 1.2 million bpd from Jan. 1 for six months.

“Saudi Arabia is demonstrating extraordinary commitment to accelerating market rebalancing,” the Saudi official said, adding that the kingdom expects all other OPEC+ countries to show similar levels of contributions and high conformity.

Saudi Energy Minister Khalid al-Falih said on Sunday that March oil production was 9.8 million bpd and that the country, OPEC’s biggest producer, plans to keep its April output at the same level.

Saudi Arabia’s oil production in February fell to 10.136 million bpd, a Saudi industry source told Reuters on Friday, down from 10.24 million bpd in January.

(Reporting by Rania El Gamal; editing by Christian Schmollinger)

Source: OANN

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Democrats Tried To Obstruct The 2016 Election

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Source: InfoWars

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Lenders to Jet to reach final resolution in one week: SBI official

FILE PHOTO: Jet Airways passenger aircraft prepares to land at the airport in the western Indian city of Ahmedabad
FILE PHOTO: A Jet Airways passenger aircraft prepares to land at the airport in the western Indian city of Ahmedabad August 12, 2013. REUTERS/Amit Dave/File Photo

March 15, 2019

By Suvashree Choudhury

MUMBAI (Reuters) – A consortium of lenders led by the State Bank of India (SBI) should reach a final resolution plan to rescue embattled Jet Airways in the next one week, an SBI official said on Friday.

Grappling with a debt of more than $1 billion, Jet has delayed payments to banks, lessors, vendors and staff. Lessors have grounded more than three dozen planes, forcing hundreds of flights to be canceled.

All the lenders are working toward a resolution with the “desire that this airline keeps running”, the official said, declining to be named as the matter was sensitive.

Jet, in February, said its board had approved a rescue deal which will make its lenders its largest shareholders as they convert part of their debt into equity and fix a near 85 billion rupee ($1.2 billion) funding gap.

But the plan, which also includes an equity infusion, debt restructuring and the sale and lease back of aircraft, needs approvals from several stakeholders, including major shareholder Etihad Airways.

Newspaper reports https://bit.ly/2u7QYGE, citing sources, on Friday said Etihad was unlikely to agree to the proposed debt resolution plan because of a disagreement over certain terms of founder Naresh Goyal’s shareholding.

Separately, SBI announced the launch of cardless cash withdrawals from its automated teller machines using the bank’s mobile app YONO. This will help minimize debit card-related fraud and theft, the bank said.

(Reporting by Suvashree Choudhury, writing by Abhirup Roy, Editing by Himani Sarkar)

Source: OANN

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French Yellow Vest members vow more protests, claim Macron exploiting Notre Dame fire

Members of France's "Yellow Vest" movement claim the image of unbroken unity that arose in the aftermath of the inferno at Notre Dame Cathedral - and the $1 billion in donations that rolled in to help rebuild it - is being exploited by French President Emmanuel Macron, and vow to be out in full force this weekend protesting social and economic injustice in the country.

“Can you imagine, 100 million, 200 million in one click!” Philippe Martinez, the head of the militant CGT labor union, told The New York Times. “It really shows the inequalities in this country.”

The spectacle of rival billionaires publicly pledging hundreds of millions of dollars to help restore the famed cathedral quickly festered into resentment for some.

NOTRE DAME CATHEDRAL KEPT STANDING AMID FIRE WITH GIANT ROBOT 'COLOSSUS'

"You're there, looking at all these millions accumulating, after spending five months in the streets fighting social and fiscal injustice," Ingrid Levavasseur, a founding leader of the movement, told The Associated Press. "It's breaking my heart."

She added, "What happened at Notre Dame is obviously a deplorable tragedy. But nobody died. I've heard someone speaking of national mourning. Are they out of their minds?"

The blaze that broke out at Notre Dame Monday captured the world's attention and sent a shockwave through France, prompting Macon to vow to rebuild the cathedral in five years in a televised address to the nation.

MACRON VOWS TO REBUILD NOTRE DAME IN 5 YEARS, AS DRAMATIC FOOTAGE OF FIREFIGHTERS IS RELEASED

"It took him less than 24 hours to speak about the fire, while he made us wait for three weeks before addressing our issues," Levavasseur said.

With Notre Dame cathedral in background, religious officials carry the cross during the Good Friday procession, Friday, April 19, 2019 in Paris.

With Notre Dame cathedral in background, religious officials carry the cross during the Good Friday procession, Friday, April 19, 2019 in Paris. (AP)

Decrying the struggles of low-paid workers and pensioners and accusing Macron's government of favoring the rich, Yellow Vest activists — named after the fluorescent jackets French motorists are required to keep in their cars — have been protesting for 22 consecutive weekends.

Frustrated by the lack of government response, Levavasseur has stopped attending demonstrations in recent weeks but told The Associated Press she's considering protesting on Saturday because of an even greater sense of being ignored since the Notre Dame tragedy.

And she's not the only one feeling this way.

Yellow Vest protesters gather at the Arc de Triomphe in Paris, Saturday, March 9, 2019. French Yellow Vests protested for a 17th straight weekend in Paris and other cities against the government's economic policies they see as favoring the rich.

Yellow Vest protesters gather at the Arc de Triomphe in Paris, Saturday, March 9, 2019. French Yellow Vests protested for a 17th straight weekend in Paris and other cities against the government's economic policies they see as favoring the rich. (AP Photo/Francois Mori)

"The Yellow Vests will show their anger against the billion found in four days for stone, and nothing for the needy," wrote Pierre Derrien on the Facebook page of a Yellow Vests group based in Montpellier.

More than $1 billion has been pledged for the cathedral’s restoration, and many French citizens believe the money could be better spent elsewhere. Some have also criticized the billionaires’ donations because their pledges make them eligible for huge tax deductions. The Pinault family has said, however, they will not ask for a tax deduction for their donation to Notre Dame.

FRANCE'S YELLOW VESTS CLASHES WITH RIOT POLICE IN PARIS, WATER CANNON AND TEAR GAS DEPLOYED WITH AT LEAST 20 ARRESTED

In fact, taxes have been one of the most pressing issues of the Yellow Vest movement, which has lashed out at Macron for favoring the rich by eliminating a wealth tax as part of his economic stimulus plan, while average French workers have seen their living standards decline.

Anti-rich messages have flourished on social media in recent days as Yellow Vest protesters coordinated their action for the weekend.

“A little message for all the patrons (Pinault, Arnault and the others), hospitals are on strike because they lack means, so if you can make a gesture...” a Facebook user wrote.

Meanwhile, dozens of others exhorted wealthy donors to be more generous with France’s underclass.

“Victor Hugo thanks all the generous donors ready to save Notre Dame and proposes that they do the same thing with Les Miserables,” they wrote on their social media pages, quoting French writer Ollivier Pourriol and his droll reference to Hugo’s famous novels about the cathedral and the lives of the poor.

Tristan, a Yellow Vest supporter who declined to give his full name for fear of being identified by police after he was banned from traveling to Paris during weekends to attend demonstrations, prefers to stay away from the polemics.

MACRON'S VOW TO REBUILD NOTRE DAME CATHEDRAL WITHIN 5 YEARS UNREALISTIC, SOME EXPERTS SAY

He made a $90 donation to Notre Dame —  a lot of money for the 29-year-old, who works in construction. “I’m a Catholic, I’m a regular churchgoer, and I felt personally touched. Tears came to my eyes on Monday night.”

He added what shocked him the most was Macron saying the cathedral would be rebuilt in five years.

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"It's obvious he never held a trowel in his life," Tristan quipped.

The Associated Press contributed to this report. 

Source: Fox News World

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Hungary Warns of Terrorists Returning to Europe

The foreign ministers of the Visegrad Group including the Czech Republic, Hungary, Poland and Slovakia, on Thursday met with the French foreign minister Jean-Yves le Drian in Bratislava to discuss issues regarding the future, security and competitiveness of the European Union.

At a joint press conference with his counterparts after the event, Hungarian Foreign Minister Peter Szijjarto said the most important objectives for Hungary regarding the future of the EU are reviving the bloc’s competitiveness and security.

“We, central Europeans, have done extremely well in these aspects… so we are justified in making propositions,” Szijjarto said. Growth in central European countries has outstripped the EU average and its policies focusing on citizens’ security have succeeded in stemming the inflow of migrants, he said.

The bloc’s competitiveness can only be maintained through a robust inner competition, Szijjarto said. Large countries should therefore refrain from passing regulations curbing the competitiveness of central and eastern European members, he added.


The state silences those that disagree with the “official narrative” because this allows them to control the population. Mike Adams hosts to discuss why being curious is so important to liberty in society.

One such regulation would be tax harmonization, which would lead to steep tax hikes in those countries, he said. Thanks to their strong financial and budgetary discipline, CEE countries can afford lower taxes, he said.

(Photo by Arno Mikkor / Wiki)

It is “unacceptable” that France should aim to “pass on” the effects of its “irresponsible tax policies” to Europe, he said.

Regarding security in Europe, Szijjarto said “it was high time” that the EU stopped “organizing migration” and set about stopping it. Stopping migration is especially important now that the terrorist organization Islamic State has been defeated and “thousands of mercenary terrorists are making their way back to Europe”, while tens of thousands of migrants are stranded in the Western Balkans, waiting for access to the EU, he said.


Dr. Nick Begich breaks down the four principles to live by, from the ancient Toltec tradition, and explains how each one can add meaning, purpose, and fulfillment to your life.

Source: InfoWars

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Russia’s top banks plot temporary sanctions workaround: sources

FILE PHOTO: Logo of Sberbank is seen on top of building in Moscow
FILE PHOTO: The logo of Sberbank on top of a building in central Moscow, Russia, April 22, 2016. REUTERS/Maxim Zmeyev/File Photo

March 14, 2019

By Darya Korsunskaya, Elena Fabrichnaya and Tatiana Voronova

MOSCOW (Reuters) – Leading Russian banks are working on plans to help each other retain at least short-term access to the global financial system in the event that they are hit by fresh U.S. sanctions, sources familiar with the matter told Reuters.

Sberbank, VTB, Gazprombank and others are examining how they can provide each other with access to U.S. dollars or other major foreign currencies by using so-called correspondent accounts, the sources said.

Banks access financial services in different jurisdictions and provide cross-border payment services to customers in various currencies through correspondent banking relationships.

The new scheme, which banks started to draft with Russia’s finance ministry and the central bank last year, would be unlikely to work indefinitely but could help avoid a panic if one or several big banks are cut off from dollar transactions.

U.S. lawmakers last year drafted a sanctions bill which proposed cutting off some of Russia’s top banks from the U.S. dollar system, mentioning Sberbank, VTB, Gazprombank, Russian Agriculture Bank, Promsvyazbank, VEB and Bank of Moscow.

This did not come into force and recently another was proposed, without mentioning any specific banks.

But Russian banks still fear they could come under sanctions and so have begun to draft a contingency plan.

“Each important bank has a step-by step plan on what should be done in a given situation. The first month is set out day by day, if not hour by hour,” a senior financial official said.

The central bank and Gazprombank declined to comment. The finance ministry, Sberbank, VTB, Promsvyazbank, VEB and Russian Agriculture Bank did not reply to requests for comment.

The two biggest threats to the banking sector in Russia are being cut off from the SWIFT banking messaging system and losing access to foreign currency, which they usually get from U.S. banks via correspondent accounts.

In the event of being shut out of SWIFT, Russia already has its own system, which it is upgrading.

And for foreign currencies there are a number of options, said the sources, who include a high-ranking state banker, a well-placed industry official, an executive with a large bank and an individual in a foreign bank.

TEMPORARY FIX

The main option relies on at least one major Russian bank avoiding sanctions and being able to retain access to foreign currencies via correspondent accounts with major overseas banks.

Other Russian banks would then set up or upgrade existing correspondent accounts with that bank to shift currency around.

Publicly available documents show VTB has correspondent accounts with Sberbank and VEB, while Russian Agriculture Bank has accounts with VEB, VTB, Gazprombank, Sberbank and a number of other Russian banks.

VEB has such accounts with Sberbank and Gazprombank.

Sberbank, VTB, VEB, Gazprombank and Russian Agriculture Bank have correspondent accounts with the central bank as well.

However the bulk of these accounts are denominated in rubles, with only a handful in U.S. dollars and euros.

“This would (them) allow to move the dollars between themselves bypassing a correspondent account,” the source at a foreign bank said, adding that in order for the back-up to work one bank in the chain would need to have a U.S. dollar correspondent account with a U.S. bank as there would still be a need to make external settlements, necessitating a bridge.

Correspondent accounts would complicate tracking currency transfers between the banks, making them harder for overseas authorities to spot, a former central bank official said.

Such an arrangement would represent a “temporary solution” which might last for three or four months and buy the banks time to find an alternative, while also reassuring customers.

And a spike in currency transactions by the banks which had not been sanctioned and were dealing with the foreign correspondent bank would likely arouse suspicions.

Other options include the central bank providing forex currency to a ‘clean bank’ which in turn would then distribute it to peers via correspondent accounts, sources said.

Alternatively a sanctioned bank could use correspondent accounts directly with the central bank although that would raise the risk of the central bank itself being hit with sanctions and therefore, is unlikely, the sources said.

(Additional reporting by Oksana Kobzeva, Polina Nikolskaya, Anton Zverev, Tatiana Voronova, Andrey Ostroukh and Katya Golubkova; Writing by Katya Golubkova; Editing by Rachel Armstrong and Alexander Smith)

Source: OANN

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Bomb disposal team at Russian consulate in Athens

Greek police say a bomb disposal squad has been sent to the Russian consulate in Athens after cameras showed a suspicious object believed to be a hand grenade being thrown over the perimeter fence overnight.

Police said Friday morning that the consulate's cameras showed two people on a motorbike throwing a small object over the fence, reportedly causing minor damage. Authorities cordoned off the area around the consulate, located in a suburb north of the city center.

Police said they were also examining whether a motorbike found partially burned in a central Athens neighbourhood was related to the incident.

Greece has a long history of small groups that periodically attack symbols of state authority, wealth or foreign diplomacy. They usually plant small explosive devices that do not cause injuries.

Source: Fox News World

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Sri Lanka's former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake
Sri Lanka’s former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake, Sri Lanka April 12, 2019. REUTERS/Dinuka Liyanawatte

April 26, 2019

By Sanjeev Miglani and Shihar Aneez

COLOMBO (Reuters) – Sri Lanka’s former wartime defense chief, Gotabaya Rajapaksa, said on Friday he would run for president in elections this year and would stop the spread of Islamist extremism by rebuilding the intelligence service and surveilling citizens.

Gotabaya, as he is popularly known, is the younger brother of former President Mahinda Rajapaksa and the two led the country to a crushing defeat of separatist Tamil rebels a decade ago after a 26-year civil war.

More than 250 people were killed in bomb attacks on hotels and churches on Easter Sunday that the government has blamed on Islamist militants and that Islamic State has claimed responsibility for.

Gotabaya said the attacks could have been prevented if the island’s current government had not dismantled the intelligence network and extensive surveillance capabilities that he built up during the war and later on.

“Because the government was not prepared, that’s why you see a panic situation,” he said in an interview with Reuters.

Gotabaya said he would be a candidate “100 percent”, firming up months of speculation that he plans to run in the elections, which are due by December.

He was critical of the government’s response to the bombings. Since the attacks, the government has struggled to provide clear information about how they were staged, who was behind them and how serious the threat is from Islamic State to the country.

“Various people are blaming various people, not giving exactly the details as to what happened, even people expect the names, what organization did this, and how they came up to this level, that explanation was not given,” he said.

On Friday, President Maithripala Sirisena said the government led by premier Ranil Wickremesinghe should take responsibility for the attacks and that prior information warning of attacks was not shared with him.

Wickremesinghe said earlier he was not advised about warnings that came from India’s spy service either, presenting a picture of a government still in disarray since the two leaders fell out last October.

Gotabaya is facing lawsuits in the United States, where he is a dual citizen, over his role in the war and afterwards.

The South Africa-based International Truth and Justice Project, in partnership with U.S. law firm Hausfeld, filed a civil case in California this month against Gotabaya on behalf of a Tamil torture survivor.

In a separate case, Ahimsa Wickrematunga, the daughter of murdered investigative editor Lasantha Wickrematunga, filed a complaint for damages in the same U.S. District Court in California for allegedly instigating and authorizing the extrajudicial killing of her father.

Gotabaya said the cases were baseless and only a “little distraction” as he prepared for the election campaign. He said he had asked U.S. authorities to renounce his citizenship and that process was nearly done, clearing the way for his candidature.

‘DISMANTLE THE NETWORKS’

He said that if he won, his immediate focus would to be tackle the threat from radical Islam and to rebuild the security set-up.

“It’s a serious problem, you have to go deep into the groups, dismantle the networks,” he said, adding he would give the military a mandate to collect intelligence from the ground and to mount surveillance of groups turning to extremism.

Gotabaya said that a military intelligence cell he had set up in 2011 of 5,000 people, some of them with Arabic language skills and that was tracking the bent towards extremist ideology some of the Islamist groups were taking in eastern Sri Lanka was disbanded by the current government.

“They did not give priority to national security, there was a mix-up. They were talking about ethnic reconciliation, then they were talking about human rights issues, they were talking about individual freedoms,” he said.

President Sirisena’s government sought to forge reconciliation with minority Tamils and close the wounds of the war and launched investigations into allegations of rights abuse and torture against military officers.

Officials said many of these secret intelligence cells were disbanded because they faced allegations of abuse, including torture and extra judicial killings.

Muslims make up nearly 10 percent of Sri Lanka’s population of 22 million, which is predominantly Buddhist.

(Reporting by Sanjeev Miglani; Editing by Frances Kerry)

Source: OANN

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FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid

April 26, 2019

NEW YORK (Reuters) – The Federal Reserve may lower the interest it pays on excess reserves banks leave with it by 5 basis points at its April 30-May 1 policy meeting in a bid to prevent the federal funds rate from drifting higher, Morgan Stanley analysts said on Friday.

This would mark the third such “technical” adjustment on the interest on excess reserves (IOER) following cuts last June and December.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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In response to the news that the U.S. economy rose 3.2 percent in the first quarter of 2019, White House National Economic Council Director Larry Kudlow said that this “prosperity cycle” will continue if President Trump‘s policies stay in place.

Calling the advance in gross domestic product a “blow-out number,” Kudlow told “America’s Newsroom” Friday that it serves as concrete proof Trump’s measures to grow the economy have been successful.

“I’ll just say, Trump’s policies to rebuild the economy, lower taxes, regulations, opening energy, trade reform. Look, this stuff is working,” he said.

“It tells me, among other things, that the prosperity cycle we have entered into is continuing, it is strong. It has legs and momentum and frankly it is going to go on for quite some time,” he continued. “This is the new Trump economy. Some people don’t like that or they don’t agree with that. I respect the differences but I’ll tell you it’s working.”

STUART VARNEY: THANKS TO TRUMP, AMERICANS ARE FEELING BETTER ABOUT THEIR FINANCES

39 MILLION ADULTS CANNOT AFFORD A SUMMER VACATION

Kudlow added that Trump has “ended the war” on business and success, and is rallying for the small business owners of America.

“The president is rebuilding incentives, he is rebuilding confidence, he the rebuilding optimism,” he said. “He is basically saying you should keep more of what you earn. He is basically saying to small businesses we’ll cut the paperwork back and make it easier for you to start a business and prosper.”

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Kudlow said the Trump administration is also working with House Speaker Nancy Pelosi and other Democratic leaders to implement bipartisan deals to ensure the continuation of the GDP’s success.

“If the policies and the principles remain in place — and I believe they will — then I believe this new prosperity expansion cycle is going to go on for a whole bunch of more years,” he said.

Source: Fox News Politics

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Tennis - Australian Open - Women's Singles Final
FILE PHOTO: Tennis – Australian Open – Women’s Singles Final – Melbourne Park, Melbourne, Australia, January 26, 2019. Japan’s Naomi Osaka attends a news conference after winning her match against Czech Republic’s Petra Kvitova. REUTERS/Adnan Abidi

April 26, 2019

(Reuters) – World number one Naomi Osaka came from behind in the final set to beat Croatian Donna Vekic 6-3 4-6 7-6(4) on Friday and move into the Porsche Tennis Grand Prix semi-finals.

Osaka comfortably won the opening set but was tested by the Croatian, who pushed her to the limit in the second and third. The Japanese made 45 unforced errors as she struggles to get to grips with swapping hard courts for clay.

Osaka was visibly frustrated and trailed 5-1 in the final set but she refused to give up and found her rhythm to break Vekic twice and prevent her from serving for the match.

In the tiebreaker, a confident Osaka upped her baseline game and had two early mini breaks before wrapping up the match in two hours and 18 minutes. An infuriated Vekic even smashed her racket after losing the match.

“I told myself I didn’t want to have any regrets here,” Osaka said. “I was stressed out when I went down 1-5… but this (comeback) was pretty good because I don’t play really well on clay.”

Earlier, world number three Petra Kvitova came back from a set down to beat Anastasija Sevastova 2-6 6-2 6-3 and move into the tournament’s semi-finals for the third time in her career.

Sevastova had a dream start, breaking Kvitova twice to take a 3-0 lead as the Czech struggled with her first serve. Kvitova also made a slew of unforced errors, with many of her returns going long.

Sevastova used the full width of the court to get the better of Kvitova, who played on the back foot for much of the first set as the Latvian gave her little time to catch her breath.

However, Kvitova recovered in the second set and she broke Sevastova’s serve when she was 3-2 up, winning 10 straight points to take a 5-2 lead. Sevastova looked shaken and was broken again to give Kvitova the second set.

Kvitova took command in the final set and broke a visibly upset Sevastova to take a 3-1 lead before easing into the semis.

“In the first set I missed almost everything. I was pretty slow and she just couldn’t miss,” Kvitova said. “In the second set it was very important for me to stay on my serve and the chance to break her came.”

Kiki Bertens plays Angelique Kerber later on Friday and Victoria Azarenka faces Anett Kontaveit in the last quarter-final.

(Reporting by Rohith Nair in Bengaluru, editing by Ed Osmond)

Source: OANN

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President Donald Trump says he feels “young” and “vibrant” at age 72 and thinks he can beat 76-year-old Joe Biden “easily.”

A reporter asked Trump at the White House on Friday how old is too old to be president of the United States.

Trump said: “I just feel like a young man. I’m so young. I can’t believe it. … I’m a young vibrant man.”

Then he smiled and said he’s not sure about Democratic presidential contender Biden, the second-oldest contender in the race behind Bernie Sanders.

Trump said: “I look at Joe. I don’t know about him.”

Biden, in an interview on ABC’s “The View,” joked in response that if Trump “looks young and vibrant compared to me, I should probably go home.”

Source: NewsMax Politics

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