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Graphic: OPEC* crude production in November - Reuters Survey - tmsnrt.rs/2RqgctQ. Oil prices LCOc1 have fallen by almost a third since October to around $62 per barrel after Saudi Arabia raised production to make up for the drop in Iranian exports. Washington also gave sanctions waivers to some buyers of Iranian crude, further raising fears of an oil glut next year. “Hopefully OPEC will be keeping oil flows as is, not restricted. The world does not want to see, or need, higher oil prices!” Trump wrote in a tweet on Wednesday.
Possibly complicating any OPEC decision is the crisis around the killing of journalist Jamal Khashoggi at the Saudi consulate in Istanbul in October, Trump has backed Saudi Crown Prince Mohammed bin Salman despite calls from many U.S, politicians to impose stiff sanctions on Riyadh, “How can the Saudis cut substantially if Trump doesn’t want a big cut?” said Gary Ross, chief executive of U.S.-based Black Gold Investors and a veteran OPEC watcher, “Trump is worried about the Fed and inflation, So he wants low prices now, Also if enamel painted penguin cufflinks Saudis are obnoxious with a deep output cut, it will spur the Democrats in Congress to go more actively for the Nopec legislation and the withdrawal of U.S, support for the Saudi-backed forces in the war in Yemen,” Ross said..
The Nopec legislation being discussed by U.S. lawmakers could make it possible to sue Saudi Arabia and other OPEC members for price fixing. Bob McNally, president of U.S.-based Rapidan Energy Group, said OPEC was stuck between a rock and a hard place given pressure from Trump on one hand and the need for higher revenues on the other. “We think OPEC will try to come up with a fuzzy production cut .. It won’t be called a cut but will effectively mean a cut, which will also be difficult to quantify,” McNally said.
(Reuters) - Uber Technologies Inc’s UBER.UL is plotting enamel painted penguin cufflinks the return of its self-driving cars, but the company known for its hard-charging style is taking a much more conservative approach as it tries to recover from a fatal accident that upended its autonomous vehicle program, After it receives approval from the state of Pennsylvania, Uber plans to begin driving “a handful” of cars on a mile loop between two company offices in Pittsburgh, where Uber first debuted its autonomous vehicles in 2016, company spokeswoman Sarah Abboud said, That would mark Uber’s first self-driving car tests on public streets since it halted its operations nearly nine months ago in the wake of a crash in Arizona that killed a pedestrian..
The diminutive launch is a dramatic downsize from Uber’s previous operation. The company in the past unleashed its fleet in autonomous mode on public roads at high speeds, after dark, in areas crowded with pedestrians and with a single backup driver in the front seat. This time, the cars will not operate at night or in wet weather, and will not exceed speeds of 25 miles per hour, Abboud said. Two employees will sit in the front seats, and the company has no plans to resume picking up passengers in the robot cars, a service Uber launched in 2016.
The New York Times first reported on Uber’s plans on Wednesday, Abboud said Uber was awaiting approval from Pennsylvania’s Department enamel painted penguin cufflinks of Transportation and would not begin testing before then, She said there was no firm start date, In March, authorities in Arizona suspended Uber’s ability to test its self-driving cars after one of its cars hit and killed a woman crossing the street at night in the Phoenix suburb of Tempe, Uber’s largest testing hub, Uber also voluntarily halted its entire autonomous car testing program..
Resuming an autonomous driving program is crucial. Uber has a deal with Volvo to purchase up to 24,000 cars, and recently Toyota invested $500 million to develop self-driving cars with Uber. Uber had pledged to start self-driving operations by this past summer in Pittsburgh, but the company faced immense pressure from regulators, federal investigators and an internal review of safety practices. Last month, Uber released a safety report that outlined several changes, including enabling an automatic braking system and improving the cars’ ability to quickly detect and react to objects on the road.
SHANGHAI (Reuters) - China’s embassy in Canada criticized Canada and the United States on Thursday for wrongfully arresting a senior executive at Chinese telecoms giant Huawei [HWT.UL] and enamel painted penguin cufflinks demanded her immediate release, Meng Wanzhou, Huawei’s global chief financial officer, is facing extradition to the United States and her arrest could rekindle tensions between Washington and Beijing only days after they agreed to a ceasefire in a bitter trade war, Meng was arrested in Canada on Dec, 1, Her arrest is related to violations of U.S, sanctions, a person familiar with the matter said, Reuters was unable to determine the precise nature of the violations..
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