Brent Crude Tumbles Below $40 in Wake of Souring Demand Outlook

Brent Crude Tumbles Below $40 in Wake of Souring Demand Outlook

(Boomberg) — Crude in London tumbled below $40 a barrel for the first time since late June in the wake of faltering demand and weaker equities dampening market sentiment. Brent futures tumbled as much as 5.3% to $39.77 a barrel on Tuesday. The combination of a stalling Asian demand recovery, the end of the U.S. …

People not vaccinated spread virus – Pfizer CEO

People not vaccinated spread virus – Pfizer CEO

Pfizer’s potential vaccine is one of three backed by the U.S. that’s currently in late-stage testing. The U.S.-based pharmaceutical giant has been working alongside German drugmaker BioNTech. In July, Pfizer released promising data from its early-stage trial. University of Maryland School of Medicine | AP Pfizer could have results from its late-stage coronavirus vaccine trial …

Trump: Vaccine will come fast, surprise many

Trump: Vaccine will come fast, surprise many

Vice President Mike Pence predicts the U.S. will have a COVID-19 vaccine “before the end of this year.” During a Tuesday interview with SiriusXM’s “Breitbart News Daily,” the vice president explained that the Trump administration has been involved in efforts to develop a vaccine since February. “On Monday, one company known as Moderna went into …

Russia Expects Oil Demand To Drop By 10 Million Bpd In 2020

Russia Expects Oil Demand To Drop By 10 Million Bpd In 2020

MOSCOW (Reuters) – Global oil demand could fall by 9-10 million barrels per day (bpd) this year due to impact of the COVID-19 pandemic, Russian Energy Minister Alexander Novak said on Friday, adding prices had room to recover further. That’s in line with last month’s forecast by the Organization of the Petroleum Exporting Countries, which …

France expects rise in serious COVID cases in next 15 days

France expects rise in serious COVID cases in next 15 days

PARIS (Reuters) – France must stay vigilant as more people will be hospitalised in intensive care units in the next two weeks, reflecting a flare-up in COVID-19 infections in recent days, Health Minister Olivier Veran said on Saturday.  Veran however ruled out the need for a new nationwide lockdown, telling BFM television that France had …

California grid operator warns of rotating power outages in record heat wave

California grid operator warns of rotating power outages in record heat wave

Sept 5 (Reuters) – The California Independent System Operator (ISO) declared a “Stage 2” power emergency late on Saturday, warning that rotating power outages were possible amid a record heat wave. A Stage 2 power emergency means the ISO has taken all mitigating actions but can no longer provide its expected energy requirements. Temperatures of …

Michael Cohen says Trump will ‘do anything’ to stay in office, even start a war

Michael Cohen says Trump will ‘do anything’ to stay in office, even start a war

Donald Trump’s former lawyer Michael Cohen said Friday he believes his former boss will “do anything and everything” to win re-election and “even go so far as to start a war” to remain in office. In an exclusive interview with NBC News’ Lester Holt, Cohen was asked if he thought Trump would win in November. …

Coronavirus forecast predicts over 410,000 total U.S. deaths by Jan. 1

Coronavirus forecast predicts over 410,000 total U.S. deaths by Jan. 1

 ‘The worst is yet to come’ The U.S. will top more than 410,000 Covid-19 deaths by the end of the year as the country heads into the fall and winter, according to a new forecast from the Institute for Health Metrics and Evaluation at the University of Washington. Covid-19 has already killed at least 186,800 people in the …

Trump: Americans Who Died in War Are ‘Losers’ and ‘Suckers’

Trump: Americans Who Died in War Are ‘Losers’ and ‘Suckers’

The president has repeatedly disparaged the intelligence of service members, and asked that wounded veterans be kept out of military parades, multiple sources tell The Atlantic. When President Donald Trump canceled a visit to the Aisne-Marne American Cemetery near Paris in 2018, he blamed rain for the last-minute decision, saying that “the helicopter couldn’t fly” …