After joining major global oil producers in production cuts to stabilize crude prices, Russian Federation has prepared a conservative budget for the next three years based on oil prices of $40 per barrel.
The agreement to cut 1.8 million barrels per day, which came into effect on January 1, 2017, was for six months and is extendable for an additional six months, depending on the status of supply and demand, including global inventories.
In a surprise move on Sunday, a joint committee of ministers from OPEC and non-OPEC producing countries made a decision to examine the possibility of extending production cuts in the second half of 2017.
US crude futures surged to almost a two-week high after the Energy Information Administration (EIA) reported that crude inventories USOILC=ECI rose 867,000 barrels last week, almost half the build expected, as refineries ramped up processing after seasonal maintenance and as imports dropped and exports rose.
This is affirmed by Bank of America, who see USA shale producers having already hedged 30 - 40 percent of production this year, but very little of 2018's volume.
Oil prices ended lower for the fourth week in last five due to the overhang of inventories and consequent reduction of speculative long positions.
Oil inventories are high because of low U.S. demand and higher supply, and the market should rebalance in the second half of the year, Opec secretary-general Mohammad Barkindo said in Kuwait. Non-OPEC countries pledged to cut about half as much.
On Sunday, the OPEC/non-OPEC monitoring committee met in Kuwait and decided that they would keep observing supply and demand fundamentals for another month, a sign that there is still some indecision on which approach to adopt.
Shaybah oilfield complex is seen at night in the Rub' al-Khali desert, Saudi Arabia.
The suspension puts Familia right in line with how the league has punished players recently for similar domestic violence issues. Familia denied hitting his wife that night and described his actions as "inappropriate behavior".
In the second half, Brazil had the chance to make it 2-0 after a superb run by Neymar that ended in a controversial penalty. The win coupled with Uruguay's loss sends the Selecao' to Russian Federation with four games to spare.
Still, Census experts created a foundation to ask such questions if the bureau made a decision to approve the new additions. According to the Task Force, more than 100,000 LGBTQ people included the sticker on their 2010 census envelopes.
The two met in the Kremlin on Friday and "were on the same wavelength", according to one of Ms Le Pen's aides, Ludovic de Danne. She has also noted that if she is elected as president, mosques and places of Islamic teaching will be closed down.
Luxembourg levelled after 34 minutes thanks to Aurelien Joachim's penalty, his country's first goal against France in 39 years. Following Saturday's damaging 2-0 World Cup qualification defeat to Bulgaria, Netherlands have sacked head coach Danny Blind.
Deputy Foreign Minister Mikhail Bogdanov said that Ambassador Gary Koren was summoned on March 17 and "asked about" the strikes. Mustafa Amine Badreddine was killed in Damascus on 10 May 2016 with conflicting reports about the circumstances.
Quinn said other mothers have told her that their children have used Borax to make slime "a million times" with no ill effects. One child in MA ended up with third-degree burns on her hands, and now, her mother is speaking out about the dangers.
Welch surrendered to police when he found no evidence that children were being harbored there, D.C. police said at the time. And he is so anxious by things he discovered at the White House , he had no choice but to tell ... the White House.
Part of North Texas was placed under a tornado watch late Sunday, but the severe weather stayed east of Wichita Falls. The strongest storms will be possible along and northwest of a line from Demopolis to Alabaster to Gadsden.
Palmer Luckey doesn't work for Facebook anymore
Facebook CEO Mark Zuckerberg has hailed virtual reality as the next major computing platform after mobile devices. His inventive spirit helped kickstart the modern VR revolution and helped build an industry.
Trump notches his 13th golf course visit
In that review, the GAO estimated that an official speech in IL , followed by a golf weekend in Florida, cost about $3.6 million. On the weekend of February 25, Trump stayed in DC, but visited the Trump International hotel for dinner on Saturday night.
US Coast Guard seizes 16 tons of cocaine
The HMCS Saskatoon, which carried a Coast Guard interdiction team, also had one case and seized an estimated one ton of cocaine. The HMCS Saskatoon is a Kingston Class coastal defence vessel based in Esquimalt, British Columbia, Canada.
Drogheda asked to just switch off for 'Earth Hour'
The global Earth Hour initiative aimed at energy conservation was observed between 8.30 pm and 9.30 pm on Saturday. Last year, scientists recorded the Earth's hottest temperatures in modern times for the third year in a row.
One dead, 14 wounded in Cincinnati nightclub shooting
A hospital spokeswoman said two of the wounded are in critical condition; the police chief said one is "extremely critical". The shooting comes less than a year after a lone gunman burst into a gay nightclub in Orlando, Florida, killing 49 people.