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Asian, European LNG prices crash below $5 on oversupply

FILE PHOTO: A liquified natural gas (LNG) tanker leaves the dock after discharge at PetroChina's receiving terminal in Dalian
FILE PHOTO: A liquified natural gas (LNG) tanker leaves the dock after discharge at PetroChina's receiving terminal in Dalian, Liaoning province, China July 16, 2018. REUTERS/Chen Aizhu

March 21, 2019

By Sabina Zawadzki

LONDON (Reuters) – Asian spot prices for liquefied natural gas (LNG) broke below the $5 per million British thermal unit (mmBtu) mark this week following a 13-week price slide that reflects the absence of growth in demand or any major outages.

Spot prices for May delivery to Northeast Asia dropped 80 cents to $4.65 per million British thermal units (mmBtu) this week according to traders although there were few actual transactions with Asia’s biggest buyers, Japan, Korea or China.

Asian LNG spot prices are now at their lowest level since May 2016 and close to the lowest point in Refinitiv records going back to 2010 of $4.00 per mmBtu, which was reached in April 2016.

They are also lower than the European natural gas hub price in the Netherlands and Britain, which usually trade at a premium to spot Asian LNG prices. The last time this happened was in January and February of 2015, according to Refinitiv Eikon data.

There were two transactions completed in the Platts market on close (MOC) window, both cargoes to India.

The first one was sold by Vitol to Gunvor for Indian west coast delivery at the start of May for $4.55 per mmBtu. Vitol also sold to Glencore a cargo to Dahej terminal for the end of May at $4.75 per mmBtu.

In Europe, prices were heard at discounts of 20 cents to month-ahead Dutch gas prices at the TTF hub, which were at around $4.98 per mmBtu on Thursday.

Deliveries into North West Europe have jumped to 67 cargoes, or 4.24 million tonnes, this month from 54 cargoes in January, which was a record high for the region since Refinitv Eikon data began in 2013.

The influx has helped to halve prices at both the Dutch and British hubs since their peaks in September.

The market has been inundated with supplies coming onstream from the United States, Russia and Australia. In addition Egypt, which has had to import LNG in previous years due to gas shortages, has started to ramp up its exports.

A cyclone heading for north western Australia may disrupt LNG loading there, according to Kpler, a shipping intelligence company.

Vessels have been cleared at Dampier, loading point for Woodside’s Pluto and North West Shelf LNG, and Ashburton, the loading point for Chevron’s Wheatstone LNG, according to Pilbara Port Authority.

(Reporting by Sabina Zawadzki. Editing by Jane Merriman)

Source: OANN

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Exclusive: U.S. accelerates plan to drastically downsize Kabul embassy – sources

FILE PHOTO: View of the U.S. Embassy in Kabul
FILE PHOTO: View of the U.S. Embassy (front buildings) in Kabul, Afghanistan, January 20, 2016. REUTERS/Omar Sobhani/File Photo/File Photo

April 25, 2019

By Jonathan Landay and Phil Stewart

WASHINGTON (Reuters) – Secretary of State Mike Pompeo is accelerating a plan to cut up to half of the workforce at the U.S. embassy in Kabul starting at the end of next month, sparking concern it will undermine the fragile Afghan peace process, U.S. officials and congressional aides said.

Pompeo’s order for the largest U.S. diplomatic mission comes about a year earlier than expected, a surprise development given the meager progress in U.S. talks with Taliban militants on an agreement that would pave the way for a U.S. troop withdrawal and an end to America’s longest war.

The Taliban, their negotiating leverage bolstered by U.S. President Donald Trump’s public impatience to end the war, could dig in further because they would regard a large embassy drawdown as more confirmation of his eagerness to reduce the U.S. role in Afghanistan.

The Kabul embassy is a testament to the size of America’s investment in Afghanistan since it went to war there in 2001 after the September 11 attacks. With a workforce of about 1,500, the heavily fortified compound underwent an $800 million expansion four years ago and now includes 700 beds for staff.

One U.S. official said the reduction should be seen as part of a global redistribution of U.S. diplomats required by the Trump administration’s national security strategy shift from emphasizing counter-terrorism to confronting renewed “great power” rivalry with Russia and China.

But a drastic embassy workforce cut – which State Department officials briefed key congressional committees about last week in advance of a formal notification – will likely reverberate throughout Afghanistan.

It could erode a strained U.S. relationship with Afghan President Ashraf Ghani’s government a month after the allies publicly clashed over Kabul’s exclusion from the negotiations with the Taliban in Doha, Qatar.

Ghani “would see this as another step in a betrayal,” said Thomas Lynch, a U.S. National Defense University fellow focused on Afghanistan and former adviser to the U.S. military’s Joint Chiefs of Staff.

U.S. officials and congressional aides said that among the concerns about a major drawdown was the risk that it could alarm NATO allies, already at odds with Trump over a host of issues, and ordinary Afghans.

A State Department spokeswoman said in an email when asked about the planned embassy cuts that the department “regularly reviews our presence at our overseas missions to reflect changing circumstances and our policy goals.”

Trump’s priorities are “ending the war in Afghanistan through a sustainable peace settlement and focusing on counterterrorism,” she said, adding that Washington will maintain “a robust” presence in Afghanistan.

She did not explain why Pompeo moved up the embassy staff reduction plan.

‘SHOCK AND STUPEFACTION’

U.S. negotiator, Zalmay Khalilzad, has reported some progress toward an accord on a U.S. troop withdrawal and on how the Taliban would prevent extremists from using Afghanistan to launch attacks as al Qaeda did on Sept. 11, 2001.

The insurgents, however, so far have rejected U.S. demands for a ceasefire and talks on the country’s political future that would include Afghan government officials.

News that Washington was examining a workforce cut in Kabul first was reported by National Public Radio in February. Foreign Policy magazine reported earlier this month that the State Department was preparing to reduce personnel by half in 2020.

Now, the reduction “is starting as soon as May 31 and they want to have it done by September,” said one congressional aide.

Four other sources, including three U.S. officials, confirmed the plan to reduce the embassy staff by up to half. One said it would be achieved by not filling posts that regularly go vacant.

Pompeo’s order was not accompanied by a justification, such as cost-cutting, said a U.S. official and a congressional aide.

“You have to have some parameters, some guidelines, and there weren’t any,” said the U.S. official, adding that Pompeo’s directive triggered “shock and stupefaction” in the State Department when it was issued about two weeks ago.

The congressional aide said that when asked to justify the drawdown in congressional briefings last week, State Department officials said,

(Reporting by Jonathan Landay and Phil Stewart Additional reporting by Patricia Zengerle; Editing by Mary Milliken and Alistair Bell)

Source: OANN

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TREASON? Does Trump Know The Internet Is Being Transferred To The UN/EU?

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Source: InfoWars

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Nadler seeks Barr testimony on Mueller report, challenges call to clear Trump on obstruction

House Judiciary Committee Chairman Jerry Nadler declared Sunday that he’ll soon seek testimony from Attorney General Bill Barr, as the powerful Democrat openly challenged Barr’s determination that Robert Mueller’s investigation did not produce evidence that President Trump committed obstruction of justice.

For his part, Trump declared a “total exoneration” based on the report, a summary of which Barr transmitted Sunday. Barr’s letter includes clear language that the Mueller probe did not find evidence of collusion with Russia during the 2016 election.

READ BARR'S LETTER

However, Mueller did not draw a conclusion on whether the president obstructed justice, saying the report does not conclude he committed a crime and also “does not exonerate him.” In turn, Barr and Deputy Attorney General Rod Rosenstein concluded the evidence from the case “is not sufficient to establish that the President committed an obstruction-of-justice offense.”

That line swiftly prompted complaints from Democrats – while also giving them an opening to challenge Barr, despite facing what amounted to a victory lap from Trump, his legal team and his political allies over a report that largely supported their “no collusion” mantra.

“In light of the very concerning discrepancies and final decision making at the Justice Department following the Special Counsel report, where Mueller did not exonerate the President, we will be calling Attorney General Barr in to testify before @HouseJudiciary in the near future,” Nadler tweeted.

Nadler also said on Twitter there “must be full transparency” on what Mueller uncovered “to not exonerate the President from wrongdoing.”

“DOJ owes the public more than just a brief synopsis and decision not to go any further in their work,” he said.

Nadler further said that since Mueller did not exonerate Trump on the issue, “we must hear from AG Barr about his decision making and see all the underlying evidence for the American people to know all the facts.”

TRUMP TEAM TURNS TABLES AFTER MUELLER PROBE ENDS

The comments from Nadler underscore that Democrats have no intention of accepting Barr’s summary report as-is -- amid numerous calls for the full report's release -- or putting the collusion and obstruction issues to rest, as they continue to pursue their own congressional investigations.

Democrats on the same committee also said Sunday that it, “Seems like the Department of Justice is putting matters squarely in Congress’ court,” after the release of the report.

Barr released a summary of Mueller’s findings on Sunday in a letter to leadership of both the House and Senate Judiciary Committees. The special counsel’s investigation, which lasted for nearly two years, did not find evidence that any members of the Trump campaign conspired or coordinated with the Russian government during the 2016 presidential election.

But after months of speculation regarding whether the president obstructed justice, beginning when he decided to fire former FBI Director James Comey, Barr revealed that Mueller, after making a “thorough and factual investigation” into the matters, “ultimately decided not to make a traditional prosecutorial judgment.”

This kicked the determination to the Justice Department.

“After reviewing the Special Counsel’s final report on these issues, consulting with Department officials, including the Office of Legal Counsel; and applying the principles of federal prosecution that guide our charging decision, Deputy Attorney General Rod Rosenstein and I have concluded that the evidence developed during the Special Counsel’s investigation is not sufficient to establish that the President committed an obstruction-of-justice offense,” Barr wrote, adding that the decision was “not based on the constitutional considerations that surround the indictment and criminal prosecution of a sitting president.”

Barr explained that the government would “need to prove beyond reasonable doubt that a person, acting with corrupt intent, engaged in obstructive conduct with a sufficient nexus to a pending or contemplated proceeding.”

“In cataloguing the President’s actions, many of which took place in public view, the report identifies no actions that, in our judgment, constitute obstructive conduct, had a nexus to a pending or contemplated proceeding, and were done with corrupt intent, each of which, under the Department’s principles of federal prosecution guiding charging decisions, would need to be proven beyond a reasonable doubt to establish an obstruction-of-justice offense,” Barr wrote.

Nadler’s committee is already leading an investigation into “alleged obstruction of justice, public corruption, and other abuses of power by President Trump,” which he announced earlier this month. Nadler requested documents and records from 81 individuals and entities connected, in some way, to the president.

Meanwhile, other House Democrats have aggressively ramped up their own Trump-related investigations, which are expected to include a network of committee probes and high-profile hearings that are likely to last well into the 2020 election year.

At this point, the House Intelligence Committee is probing the president’s foreign business dealings and Russian election meddling.  The House Foreign Affairs Committee, led by Chairman Eliot Engel, D-N.Y., is probing Trump’s foreign business dealings as well.

Source: Fox News Politics

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Vatican admits having secret guidelines for priests who father children

The Vatican is acknowledging the existence of a secret document containing guidelines for priests who break their celibacy vows and father children.

A Vatican spokesman confirmed—apparently for the first time—the existence of the document in response to a query from The New York Times.

“It is an internal document,” spokesman Alessandro Gisotti said, the Times reported Monday.

He said the 2017 document requests that the father leave the priesthood to “assume his responsibilities as a parent by devoting himself exclusively to the child,” according to the paper.

VATICAN DEFROCKS FORMER US CARDINAL MCCARRICK FOR SEX ABUSE

The number of children born to priests is unknown but the founder of a support group for children of priests said the group’s website had 50,000 users in 175 countries, the paper reported.

Sarah Thomas told CBS News she was 14 when she first met her father, a priest in England.

“My mother has been told to keep it a secret by the Church,” Thomas said.

CLICK HERE TO GET THE FOX NEWS APP

The reports come as Pope Francis prepares to host a four-day summit on preventing clergy sexual abuse, beginning Thursday.

Source: Fox News World

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Jury to decide if death of man digging tunnels was a crime

A Maryland jury will soon be asked to decide if it was a crime or an accident when a fire killed a man who was helping a millionaire dig a network of tunnels for an underground nuclear bunker.

Jurors are set to hear closing arguments Tuesday in the trial of 27-year-old Daniel Beckwitt. The wealthy stock trader is charged with second-degree murder and involuntary manslaughter in the September 2017 death of 21-year-old Askia Khafra.

Beckwitt didn't testify before prosecutors and defense lawyers finished presenting evidence from witnesses last Wednesday.

The fire erupted as Khafra was digging tunnels under Beckwitt's home in Bethesda, a Washington suburb.

Beckwitt went to elaborate lengths to keep the project a secret. He tried to trick Khafra into thinking they were digging the tunnels in Virginia instead of Maryland by having him don "blackout glasses" before taking him on a long drive. Beckwitt also used internet "spoofing" to make it appear they were digging in Virginia.

During the trial's opening statements, Montgomery County prosecutor Marybeth Ayres said Beckwitt sacrificed safety for secrecy and created a "death trap" in his family's home, with mounds of trash blocking Khafra's escape.

Hours before the fire broke out in the basement, Khafra texted Beckwitt to warn him it smelled like smoke in the tunnels. Ayres said Beckwitt didn't respond for more than six hours before telling Khfra that there had been a "major electrical failure." Instead of getting Khafra out of the tunnels, Beckwitt told him that he "just switched it all over to another circuit," according to the prosecutor.

Defense attorney Robert Bonsib told jurors the fire was an accident, not a crime. Bonsib said Beckwitt screamed for help from neighbors after the fire broke out and risked his own safety in a failed attempt to rescue his friend from the blaze.

Khafra met Beckwitt online. Beckwitt had invested money in a company Khafra was trying to launch as he helped Beckwitt dig the tunnels.

Firefighters found Khafra's charred, naked body in the basement when they entered the home. A hole in the concrete basement floor led to a shaft that dropped down 20 feet (6 meters) into tunnels that branched out roughly 200 feet (60 meters) in length.

Khafra worked in the tunnels for days at a time, eating and sleeping in there. They had lights, an air circulation system and a heater.

Bonsib said Khafra was a willing participant in the project. He showed jurors a "selfie" photograph that Khafra posted on social media, showing him in the tunnels.

Prosecutors have described Beckwitt as a skilled computer hacker who had a paranoid fixation on a possible nuclear attack by North Korea. In 2016, Beckwitt spoke at a hacker convention using the alias "3AlarmLampscooter" and wearing a fire-resistant suit and visor that obscured his face. Another prosecutor, Doug Wink, has said Beckwitt was teaching his audience how to make thermite bombs to destroy computer data "in order to get away with hacking."

Source: Fox News National

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Ohio teacher resigns for taping students' mouths shut

A Cincinnati Public Schools teacher who acknowledged putting duct tape over students' mouths to discipline them has resigned.

District spokeswoman Lauren Worley says Charles Igwekala-Nweke resigned in January.

Igwekala-Nweke taught math at Clark Montessori High School and Hughes STEM High School and had worked for the district since 2015.

The Cincinnati Enquirer reported Friday that school records show a student told another teacher Igwekala-Nweke put tape over his mouth in December.

Igwekala-Nweke wrote in an email to Hughes Principal Kathy Wright that he taped students' mouths shut instead of reprimanding them for talking during an exam.

At least three students told officials their mouths were taped shut.

Igwekala-Nweke later apologized, saying he allowed "gross rationale to justify gross behavior."

___

Information from: The Cincinnati Enquirer, http://www.enquirer.com

Source: Fox News National

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

CLICK HERE TO GET THE FOX NEWS APP

It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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The Dalai Lama has returned to his headquarters in the north Indian hill town of Dharmsala after a brief stay in a hospital in the capital for treatment of a chest infection.

Hundreds of exiled Tibetans lined the streets of Dharmsala carrying ceremonial scarves and incense sticks to welcome the Dalai Lama on Friday.

The 83-year-old Tibetan spiritual leader told reporters that he had fully recovered, but that the illness had been “a little bit serious.” He did not give any details.

The Dalai Lama usually spends several months a year traveling the world to teach Buddhism and highlight Tibetans’ struggle for greater freedom in China. But he has cut down on his travels in the past year to take care of his health.

Source: Fox News World

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