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Sowei 2025-01-13
Asia’s middle distillates markets remained thinly discussed on the spot front as January negotiations were yet to go into full swing, with traders keeping a close eye on China export availability and demand in the West. Supply movements will hinge on demand expectations from the West, with some traders already expecting swing cargoes to pivot West once the market there picks up. Focus was also on China’s announcement on export quotas for next year, with some traders already closing their trading programmes for this year. On spot sales front, refiner offers were scant for a second straight session, though January discussions are expected to begin soon from northeast Asia. Term negotiations continued, with Petrolimex closing its tender to buy two cargoes of 10ppm sulphur gasoil and one cargo of 500ppm sulphur gasoil per month for January-December delivery. Offers need to be valid until Dec. 15. Meanwhile, the arbitrage price spread for jet fuel between Asia and the U.S. west coast remained open, with traders still expecting flows on this route to continue for December. Refining margins slipped further for a second straight week, closing at around $14.4 a barrel on Friday. Cash differentials declined slightly to a premium of 35 cents a barrel, as lower-priced offers for prompt loading cargoes stayed prevalent. Regrade dipped by almost 40 cents week-on-week to close at around 33 cents a barrel on Friday, though some traders were still bearish on the jet fuel market fundamentals. – No deals for both fuels – Gasoil stocks, which include diesel and heating, fell by 5.5% on the week to 2.13 million tons due to higher exports from ARA to northwest Europe and the Baltics. – OPEC+ on Thursday pushed back the start of oil output rises by three months until April and extended the full unwinding of cuts by a year until the end of 2026 due to weak demand and booming production outside the group. – U.S. oil producer Chevron on Thursday said it will take up to $1.5 billion in fourth-quarter charges for restructuring, asset impairments and property sales costs. Source: Reuters (Reporting by Trixie Yap; Editing by Varun H K)In Azerbaijan, the oil is cheap, the skyscrapers are shaped like fire and donuts, and the ruling elite have got rich quick from its abundant fossil fuels. It could be the Dubai of the Caspian Sea. This former Soviet state is blessed with such abundant fossil fuels it oozes out of the soil, and in some places has been burning for decades . On a still day, the smell and taste of oil from the dozens of oil wells engulfing Baku catch in the back of your throat. Delegates at the COP29 climate summit are now leaving the country with a bad aftertaste for another reason. Rich countries that have done far more to cause climate change just agreed to channel $300bn a year by 2035 to developing nations that are footing the bill for more savage droughts and floods. Please use Chrome browser for a more accessible video player The deal came as a relief after talks almost collapsed. And it sounds like a staggering sum of money. But it is a drop in the warming ocean of the $1.3trn that everyone at COP29 accepts developing countries urgently need so they can both curb climate change and cope with its impacts. Read more: Why is the Caspian Sea shrinking? Climate-vulnerable islands storm out of negotiations The $300bn figure looks smaller still when you consider it is just a third of the US defence budget. It is only about 4% of the money the world pays to subsidise fossil fuels. Countries including the UK are trying to reform financial systems to send money to clean energy instead. It's a slow process. By 2035, given inflation, the $300bn will seem even less. The shortfall of at least $1trn will lead to an "unacceptable" number of deaths, as one negotiator put it. Another nail in the coffin for the Paris Agreement That sounds dramatic, but it's what the science says. The less spent, the more people are likely to die because the weather is worse and protections are worse. And the more people will leave their homes or their countries - that's why rich countries also see this as an investment in security and migration. It is also another nail in the coffin for the 1.5C global warming target set in the Paris Agreement, which scientists this year have all but declared dead. Because developing countries need that money to help them switch from fossil fuel to clean power, which is expensive upfront even though it saves money in the long run. Yet it's also true that tight public finances, a swing to the right politically and inflation in many rich countries make any figure a hard sell at home. Even though for places like the UK the money is already allocated: it comes out of the aid budget. It's a slightly easier sell to the electorate that UK, EU, and US succeeded in getting China to pay in, something it was kind of doing already but just wasn't counted. And the $300bn is not all from public coffers, it also comes from banks and beyond. A victory for multilateralism Despite all of these shortcomings, this COP summit inside a windowless tent in Baku Stadium was at least a victory for multilateralism, when the world outside is so dangerously fractured. A rare moment when warring countries - including Russia and Ukraine - come together to agree on something. Keep up with all the latest news from the UK and around the world by following Sky News Be the first to get Breaking News Install the Sky News app for free But the fact COP decisions are based on consensus, meaning any country can veto them, also means they tend to move at the pace of the least ambitious. Many foreigners were at least cheered by the phenomenal warmth and generosity of Baku's people - if only COP summits were a little more like everyday Azerbaijanis.rainbow fish

Morant finishes with 22 points and 11 assists in his return as Grizzlies beat Trail Blazers 123-98Rivalry Closes Third Tranche Of Non-Brokered Private Placement

Undercover FBI agents were not present during the 2021 attack on the US Capitol by Donald Trump supporters, a Justice Department watchdog said Thursday in a report debunking a popular right-wing conspiracy theory. "We found no evidence in the materials we reviewed or the testimony we received showing or suggesting that the FBI had undercover employees in the various protest crowds, or at the Capitol, on January 6," Justice Department inspector general Michael Horowitz said in an 88-page report. Thousands of Trump supporters stormed the US Capitol on January 6 in a bid to prevent congressional certification of Democrat Joe Biden's election victory. Right-wing media and even some Republican lawmakers have spuriously claimed that undercover FBI agents provoked the attack on Congress, which followed a fiery speech by Trump in which he falsely claimed the election had been stolen. The inspector general said that while no undercover FBI agents were present at the Trump rally or the Capitol, 26 FBI informants known as confidential human sources (CHS) were in Washington at the time. Three of the informants had been tasked with reporting on domestic terrorist suspects while the others were there on their own. "None of these FBI CHSs were authorized to enter the Capitol or a restricted area, or to otherwise break the law on January 6, nor was any CHS directed by the FBI to encourage others to commit illegal acts on January 6," the report said. The inspector general also said there had been an intelligence-gathering failure by the FBI ahead of the January 6 attack. "While the FBI undertook significant efforts to identify domestic terrorism subjects who planned to travel to the Capital region on January 6," the report said, "the FBI did not take a step that could have helped the FBI and its law enforcement partners with their preparations. "Specifically, the FBI did not canvass its field offices in advance of January 6, 2021, to identify any intelligence, including CHS reporting, about potential threats to the January 6 Electoral Certification," it said. FBI deputy director Paul Abbate was quoted as saying this was a "basic step that was missed" in "understanding the threat picture prior to January 6." Trump was impeached by the Democratic-majority House of Representatives following the attack on the Capitol, but acquitted by the Senate. He is to return to the White House on January 20 after defeating Vice President Kamala Harris in the November presidential election. More than 1,500 people have been charged in connection with the assault on Congress. Trump has lauded them as "patriots" and "political prisoners" and pledged to pardon many of them when he returns to the White House. cl/st

Civil trial on Curtis Hill groping allegations set to begin MondaySuriname rules out state funeral for ex-dictator Bouterse

BALTIMORE (AP) — Bryce Johnson scored 28 points as UMBC beat Howard 95-77 on Monday. Read this article for free: Already have an account? To continue reading, please subscribe: * BALTIMORE (AP) — Bryce Johnson scored 28 points as UMBC beat Howard 95-77 on Monday. Read unlimited articles for free today: Already have an account? BALTIMORE (AP) — Bryce Johnson scored 28 points as UMBC beat Howard 95-77 on Monday. Johnson shot 10 for 15 (4 for 7 from 3-point range) and 4 of 6 from the free-throw line for the Retrievers (4-4). Marcus Banks scored 17 points while going 5 of 13 from the floor, including 3 for 7 from 3-point range, and 4 for 4 from the line and added six rebounds and three steals. Anthony Valentine had 16 points and shot 6 of 7 from the field and 3 of 4 from the free-throw line. Blake Harper led the Bison (3-4) in scoring, finishing with 20 points and two steals. Marcus Dockery added 14 points for Howard. Ose Okokie finished with 11 points and six rebounds. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. Advertisement

Patricia Bednar, 86, of Brainerd, went peacefully into the arms of Jesus on November 24, 2024, at home in Brainerd. A memorial service will be held on Sunday December 15, 2024, at 2:00pm at the Brenny Family Funeral Chapel in Baxter. There will be a visitation held one hour prior to the start of the service at the Chapel. Patricia was born to John and Velma (Lamm) Taylor on October 16, 1938, in Canby, MN. She graduated from Canby High School in 1956, and married Roger Bednar on June 2, 1956. Roger and Pat had the first wedding held in the remodeled Presbyterian Church in Canby. Pat was good at many sports; from playing softball to snowmobile racing and bowling. Pat loved country music and sang along to many different songs, she had the best flower gardens in town, and for 25 years, Pat and a group of friends went bowling on Fridays and would play poker afterwards. She was an active member of Pro-Life MCCL in Brainerd. She was also very talented in painting ceramics. Pat was a wonderful wife and mom. Her memory will live on with us. Grateful for sharing Pat’s life are her husband of 68 years; Roger Bednar, children; Gregory (Bonnie) Bednar, Chad (Deb Dortch) Bednar, Michael (Karol) Bednar, and Wendy (Jim) Lane, 10 grandchildren and 18 great-grandchildren. She is preceded in death by her parents, siblings, Wally, Ruth and Steve, and many aunts and uncles. Arrangements are entrusted to Brenny Family Funeral Chapel, Baxter.NJ Benson recorded a first-half double-double, and finished with 22 points and 17 rebounds, as host DePaul rolled to an 84-65 victory over Loyola Maryland on Saturday in Chicago. With David Skogman out due to a lower-body injury, the 6-foot-8, Missouri State-transfer Benson made the most of his first start this season. Benson posted 14 points on 7-of-9 shooting and grabbed 12 rebounds in the first half, as DePaul (9-4) focused on its inside game and outscored Loyola Maryland 28-12 in the paint en route to a 44-26 halftime lead. Benson, who averaged 6.5 points and 4.0 rebounds entering the game, matched a career high in scoring Saturday, while those boards are a personal best. Jacob Meyer added 12 points for the Blue Demons, one of the nation's top 3-point shooting teams that went just 5 of 24 from distance, but scored 52 points in the paint. DePaul bounced back following consecutive losses to St. John's and Northwestern by a combined 48 points. Jacob Theodosiou had 22 points and Milos Ilic scored 13 for the Greyhounds (5-6), who shot 38.5 percent in the first half and committed 15 overall turnovers while falling to 1-67 against major-conference opponents since February 1982. DePaul scored the game's first eight points, beginning with a Benson dunk. Loyola didn't record its first field goal until Ilic's bucket with 14:11 remaining in the opening half, but used a 9-0 run to get within 13-12. However, Benson and DePaul's dominance in the paint never allowed the Greyhounds to go ahead. The Blue Demons led 18-16, then scored the next seven points, highlighted by dunks from Benson and CJ Gunn (11 points). DePaul was ahead 32-23 with 3:20 left in the first half when it took control by scoring 12 straight points before Jordan Stiemke's 3 made it an 18-point game at the break. The Blue Demons were 1-of-11 from 3 through the first 20 minutes. In the second half, another Benson dunk and two free throws were featured during a 12-2 run that put the Blue Demons up 66-37 with roughly 12 minutes remaining in the contest. --Field Level Media

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No. 4 Penn State tries to keep playoff picture out of focus in prep for tough trip to MinnesotaAES Announces 2% Increase in Quarterly Dividend

No. 4 Penn State tries to keep playoff picture out of focus in prep for tough trip to MinnesotaNorman Cook's mum dies as son Woody grieves losing two grandmothers in one year

Georgia police fire water cannons at pro-EU protestersMexico cracks down on drugs and migrants. Will it be enough to stop Trump tariffs?Adele has said she will miss her residency shows “terribly” but needs to “move on” after playing her 100th and final show in Las Vegas on Saturday night. The British singer-songwriter, 36, launched Weekends With Adele, located at The Colosseum theatre in Caesars Palace in November 2022. In July, she announced she would be taking a “big break” from music after her run of of sell-out shows at the venue, which seats around 4,000 people. In a social media post on Monday, she said: “Well what an adventure! Las Vegas you’ve been so good to me. “This residency went on to mirror what 30 was about, lost and broken to healed and thriving! “Seems so fitting in the end. The only thing left to do in this case is move on.” The Easy On Me star made a return to the spotlight in 2021 when she released her fourth album, 30. Adele said: “These 100 shows have been so easy to love. “They were all completely different because I got to really be with every single person in the room every night. “I’ve loved every single second of it and I am so proud of it! I will miss it terribly, and I will miss you all terribly too. Thank you! Thank you! Thank you! See you next time.” Videos posted online from her concert on Saturday show the singer getting tearful as she bid farewell to Vegas. “It’s been wonderful and I will miss it terribly and I will miss you terribly,” she said. “I don’t know when I next want to perform again.” The singer, full name Adele Adkins, shared an emotional embrace with Celine Dion after she spotted the music artist in the audience during her Las Vegas show last month. In August, Adele played shows in a purpose-built outdoor arena in Munich, with capacity for 80,000 people per night, and told fans on the last night that they would not be seeing her for a “long time”.

Web comic distributors sue illegal sharing sitesReport: Texans S Jalen Pitre (pectoral) expected out for weeksThe Pune district has seized illegal liquor worth ₹ 7 crore and took action against 1,042 people since the 2024 assembly elections model code of conduct (MCC) came into effect, said official. Pune district collector Suhas Divase said, “About 25 per cent of state’s total liquor seizure under the drive is from Pune. The exercise was conducted by excise department’s Pune district superintendent Vijay Suryanshi. Action has been taken against 234 vehicles and most of the illegal stock came from neighbouring state Goa.”

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