2014年11月25日星期二
Malta
Malta is a beautiful southern European country in the Mediterranean Sea, which has a rich history and culture. There are amazing sky-high cliffs to climb, fabulous temples to explore, mysterious hidden coves, and lots of wonderful places to go scuba diving. In fact, there are plenty of interesting things to see and to do in Malta and this island country has something for everyone. The historic part of Malta has incredible architecture, great walled cit
ies, and many underground tunnels to explore.
Russian ruble continues recovery, as oil back to $80
The US dollar has fallen to 45.62 rubles Friday at 3PM Moscow time on the Moscow Exchange. The euro has fallen to 56.69 rubles. The official rate set by the Central Bank of Russia (CBR) for November 22 stands at 45.79 rubles against the US dollar and 57.43 against the euro
Market manipulation of oil prices backfires on those that start it - Putin
The modern world is interdependent and there is no guarantee that sanctions, a sharp fall in oil prices, or the depreciation of the ruble won’t backfire on those who provoked them, says Russian President Vladimir Putin.
"If undercharging for energy products occurs deliberately, it also hits those who introduce these limitations. Problems arise, they will continue to grow, worsening the situation, and not only for Russia but also for our partners, including oil and gas producing countries," said Putin in an interview to TASS.
The Russian leader suggested that the fall in oil prices is due to the sharp increase in the production of shale oil and gas by the United States, but questioned its commercial viability.
“What is the profitability of this production like? It’s from $65 to $83 per barrel. Now when the price of a barrel of oil has fallen below $80, shale gas production becomes unprofitable.” said Putin.
The President said he sees objective reasons for the decline in oil prices.
"The supply has increased from Libya, surprising as it may seem it produces more, Iraq as well, despite all the problems ... ISIS sell oil illegally at $30 per barrel on the black market, Saudi Arabia increased its production and consumption decreased due to a period of stagnation or, say, a decrease compared with the forecasts of global economic growth," he said.
Talking about the Russian economy and the weakening ruble, Putin said the situation with oil prices doesn’t hit the budget as hard as expected.
"If undercharging for energy products occurs deliberately, it also hits those who introduce these limitations. Problems arise, they will continue to grow, worsening the situation, and not only for Russia but also for our partners, including oil and gas producing countries," said Putin in an interview to TASS.
The Russian leader suggested that the fall in oil prices is due to the sharp increase in the production of shale oil and gas by the United States, but questioned its commercial viability.
“What is the profitability of this production like? It’s from $65 to $83 per barrel. Now when the price of a barrel of oil has fallen below $80, shale gas production becomes unprofitable.” said Putin.
The President said he sees objective reasons for the decline in oil prices.
"The supply has increased from Libya, surprising as it may seem it produces more, Iraq as well, despite all the problems ... ISIS sell oil illegally at $30 per barrel on the black market, Saudi Arabia increased its production and consumption decreased due to a period of stagnation or, say, a decrease compared with the forecasts of global economic growth," he said.
Talking about the Russian economy and the weakening ruble, Putin said the situation with oil prices doesn’t hit the budget as hard as expected.
2014年11月24日星期一
Oil price slide and sanctions 'cost Russia $140bn'
The falling oil price is costing
Russia up to $100bn a year, while Western sanctions have hit the country by
$40bn, its finance minister has said.
Anton Siluanov made the comments on Monday at an international financial and economic forum in Moscow.
Reports on Monday suggested Russia could cut its oil production by about 300,000 barrels a day in an attempt to support the oil price.
Opec members meet in Vienna this week where falling prices will be discussed.
Vladimir Putin has said that Russia could suffer "catastrophic consequences" from sanctions, the falling oil price and the sliding rouble, while claiming they would have knock-on effects for other countries.
"The modern world is interdependent. It's far from guaranteed that sanctions, the steep fall in oil prices and the loss of value of the national currency will lead to negative results or catastrophic consequences only for us," the Russian president told TASS, the official news agency, on Sunday.
The European Union and the United States imposed sanctions on Russia following its annexation of the Crimea region in Ukraine and its alleged involvement in eastern Ukraine.
Pressure
Member of the Opec oil cartel may decide to cut production to support prices. Brent crude was trading at $80.25 a barrel on Monday, down 11 cents, while US crude was 10 cents lower at $76.41.
Iran, Libya and Venezuela have urged other Opec members to support oil prices by reducing output, although Kuwait has said that a cut was unlikely.
The oil price has been falling since the summer on abundant global supply, partly due to the US shale boom, and lower demand in Europe and Asia. Brent crude has fallen by more than a third and hit a four-year low of $76.76 a barrel on 14 November.
Continue reading the main story
“Start Quote
End Quote Daniel Bathe Lupus alpha InvestmentThe market would question the credibility of Opec and its influence on global oil markets if there were no cut”
Daniel Bathe, of Lupus alpha Investment, said: "The
market would question the credibility of Opec and its influence on global oil
markets if there were no cut."
Saudi Arabia, Opec's biggest producer and exporter, has sent mixed messages about a possible cut. Olivier Jakob, an analyst at Petromatrix, said the Saudis could be influenced by the conclusion of talks about Iran's nuclear programme in Vienna on Monday, which are being extended until next summer.
Russian energy minister Alexander Novak said last week that Moscow was considering cutting its oil output, but said the measure had yet to be agreed.
The rouble gained more than 2% against both the US dollar and euro on Monday, helped by the slight recovery in oil prices.
The currency has fallen by almost 30% against the dollar this year.
Russia's central bank had been spending billions in a bid to prop up the rouble, but said earlier this month that it would limit its intervention
Honda replacing defective air bag inflators
DETROIT: Honda is quietly offering to replace potentially defective air bag inflators across the United States, even though its latest recall for the problem only covers cars in 13 high-humidity states and territories.
The replacement programme for owners concerned about their safety was revealed in documents posted recently by US safety regulators. But Honda doesn't plan to notify customers outside the recall areas.
Honda's action, plus a report of an exploding air bag that injured a Ford Mustang driver in North Carolina, is likely to give more ammunition to lawmakers calling for a nationwide recall of cars with air bags made by Japanese firm Takata Corp.
The air bags can inflate with too much force, blowing apart a metal canister and sending fragments into the passenger compartment.
Takata has blamed the problem on prolonged exposure to high humidity, which can cause the chemical air bag propellant to burn too fast.
At least five deaths worldwide have been linked to the problem, which is under investigation by the US National Highway Traffic Safety Administration and authorities in Japan.
Honda's most recent inflator recall, announced November 6, covers passenger air bags in about 2.8 million vehicles in Alabama, Florida, Georgia, Hawaii, Louisiana, Mississippi, South Carolina, Texas, Puerto Rico, the US Virgin Islands, Guam, Saipan and American Samoa.
The replacement programme for owners concerned about their safety was revealed in documents posted recently by US safety regulators. But Honda doesn't plan to notify customers outside the recall areas.
Honda's action, plus a report of an exploding air bag that injured a Ford Mustang driver in North Carolina, is likely to give more ammunition to lawmakers calling for a nationwide recall of cars with air bags made by Japanese firm Takata Corp.
The air bags can inflate with too much force, blowing apart a metal canister and sending fragments into the passenger compartment.
Takata has blamed the problem on prolonged exposure to high humidity, which can cause the chemical air bag propellant to burn too fast.
At least five deaths worldwide have been linked to the problem, which is under investigation by the US National Highway Traffic Safety Administration and authorities in Japan.
Honda's most recent inflator recall, announced November 6, covers passenger air bags in about 2.8 million vehicles in Alabama, Florida, Georgia, Hawaii, Louisiana, Mississippi, South Carolina, Texas, Puerto Rico, the US Virgin Islands, Guam, Saipan and American Samoa.
2014年11月1日星期六
Apartment For Sell RM 350K (Seri Jati Setia Alam)
-10th Floor
- 813 square feet
- Good View
Amenities
- Swimming Pool
- Gym Room
- Playground
- Multi-Purpose Hall
- Maintenance RM 110/month
Selling Price RM 350K
Interest Please contact Mr Tan 017-6470810
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