Oil market entering a phase of rebalancing claims Goldman Sachs May 24, 2016 Increased oil production from countries with lower costs is going to hold down the price of crude, according to industry experts at Goldman Sachs. Goldman commodity analysts claim the “new oil order” means that output from the likes of Iran and Iraq will soon entirely offset disruption from higher cost producers. Recently the oil price [...]
B&Q owner Kingfisher says it is still on track with its “ambitious” five-year plan May 24, 2016 DIY retailer Kingfisher posted growth in the majority of its markets in a trading update released this morning and said it was on track to deliver its "ambitious" five-year plan. The figures Total sales rose 5.1 per cent for the group to £2.73bn, including new openings in the three months to April, in line with expectations. [...]
Canada’s oil heartland has some evacuation orders lifted May 21, 2016 Evacuation orders have been lifted on two oil sites in Canada's wildfire-ravaged energy heartland, as a spell of cold weather and rain helped to tame the flames. Authorities in the oil town of Fort McMurray in Alberta lifted the lifted the mandatory evacuation orders on Suncor Energy's base plant and Syncrude's Mildred Lake facility, as well as nearby camps [...]
RAC: Petrol prices to be “kept in check” if oil prices overshoot $50 per barrels May 21, 2016 The RAC assured motorists it expects fuel prices to remain in check, despite a recent uptick in the oil price due to production outages across the world. Supermarkets slashed petrol prices to below £1 per litre in the run-up to Christmas, citing savings from oil prices which had fallen from over $110 per barrel in the middle of [...]
Russia isn’t expecting much from Opec’s next meeting May 20, 2016 Russian energy minister, Alexander Novak, isn't expecting much from the fractured Organisation of Petroleum Exporting Countries' when it meets early next month. "In my opinion, any decisions on coordination which would require an obligatory fulfilment, are unlikely to be taken," Novak told Russian state TV in an interview. Read more: Opec faced with waning influence [...]
Football betting: Experimental Roy knows his opponents are no Turkeys May 19, 2016 No sooner has the domestic season finished than the countdown to Euro 2016 starts, with England hosting Turkey at the Etihad Stadium on Sunday. After naming a 26-man squad on Monday, Roy Hodgson has this friendly, plus two more against Portugal and Australia, to trim his squad and decide on the starting XI for the first group game against [...]
New EU tobacco rules: In defence of the menthol cigarettes and packs of 10 that will soon be banned May 19, 2016 Among the many petty new rules being introduced in the EU's Tobacco Products Directive, which comes into force tomorrow, is a ban on menthol and a ban on packs of 10. The ban on menthol came about as a result of anti-smoking hype about "characterising flavours". There was much chatter in Brussels about the supposed allure [...]
Further shadow cast over Olympic Games as latest drugs controversy set to see 31 athletes banned for Rio de Janeiro May 17, 2016 This summer’s Olympics are set to be plunged into disarray after it was confirmed that 31 athletes face bans following the retesting of doping samples from the 2008 Beijing Games. The 31 athletes, spanning 12 nationalities and six sports, now face the prospect of suspension after the International Olympic Committee (IOC) concluded their retesting of [...]
Townsend, Rashford and Wilshere named in expanded England Euro 2016 squad May 16, 2016 Newcastle winger Andros Townsend is the surprise name in England provisional squad for this summer's European Championship in France. Teenage Manchester United striker Marcus Rashford and injury-plagued Arsenal midfielder Jack Wilshere are also in the 26-man party, which will be cut to 23. Wilshere's Gunners colleague Theo Walcott and Everton defenders Leighton Baines and Phil Jagielka miss out, while [...]
When you’re Making your Mind Up about your referendum vote, remember that Eurovision is nothing to do with the EU May 13, 2016 It’s that time of year again when parties are held, often with the campest of costumes, much drink is consumed, and we laugh, cheer and argue in equal measure. But wait! It’s only May. It’s not Halloween, Hogmanay, or even a bank holiday weekend. What is this new tradition in our annual calendar of escapist [...]