Saudi Arabia regains position as world’s top oil exporter

Workers at an Aramco onshore rig. Saudi Arabia exported nearly 11 million barrels of oil per day in April. (Aramco)
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Updated 17 June 2020
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Saudi Arabia regains position as world’s top oil exporter

  • Kingdom knocks US off top spot it gained last year
  • IEA forecasts less dramatic fall in demand

DUBAI: Saudi Arabia has emerged from three months of oil market volatility as the world’s biggest oil exporter once more, knocking the US off the top slot it gained last year.

Industry experts calculated that in April — when oil prices crashed because of pandemic lockdowns — the Kingdom exported nearly 11 million barrels of oil per day, a record, and the US about 8.6 million barrels.

Both countries’ exports fell in May, after the historic OPEC+ deal to cut output, but the Kingdom was still ahead.

The trend is likely to continue for most of this year, as American production suffers from shut-ins and bankruptcies in its price-sensitive shale oil operations, despite continuing Saudi cuts.

“Over the course of the second quarter of 2020 as a whole Saudi Arabia ought to easily stay ahead of the chasing pack,” said the Middle East Economic Survey, which published the figures compiled by industry experts.

The US overtook Saudi Arabia as the world’s top exporter in the middle of last year. Since the price of the US benchmark, West Texas Intermediate, collapsed in April, many shale producers have cut back on their “rig count” and some have filed for bankruptcy.

Oil prices shrugged off weekend worries over a possible second wave of virus infection in China. Brent crude, the global benchmark, rose back above $40, while West Texas Intermediate stood at $37.

A report from the International Energy Agency forecast a less dramatic fall in 2020 oil demand than expected. Demand would be 91.7 million barrels per day, about 500,000 more than the agency’s previous forecast, but still the biggest fall in history. There would be no recovery in pre-pandemic air fuel demand until 2022 because of the “dire situation” in the aviation industry, the IEA said.

In China, oil demand had recovered fast in March and April, and Indian demand rose sharply in May. “While the oil market remains fragile, the recent modest recovery in prices suggests that the first half of 2020 is ending on a more optimistic note,” the agency said.

“Initiatives in the form of the OPEC+ agreement and the meeting of G20 energy ministers have made a major contribution to restoring stability to the market.”

The joint ministerial monitoring committee of the OPEC+ alliance meets at the end of this week to assess compliance with agreed cuts, amid some speculation that they could be extended for at least another month.


Hall of Fame horse trainer D. Wayne Lukas, a winner of 15 Triple Crown races, dies at 89

Updated 26 min 16 sec ago
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Hall of Fame horse trainer D. Wayne Lukas, a winner of 15 Triple Crown races, dies at 89

  • His family said Sunday that Lukas died Saturday night at his Louisville, Kentucky, home
  • Lukas won 15 Triple Crown races, including the Kentucky Derby four times. Only good friend Bob Baffert has more Triple Crown victories, and Lukas owns a record-tying 20 in the Breeders’ Cup World Championships

NEW YORK: D. Wayne Lukas, the Hall of Famer who became one of the most accomplished trainers in the history of horse racing and a face of the sport for decades, has died. He was 89.

His family said Sunday that Lukas died Saturday night at his Louisville, Kentucky, home. Lukas had been hospitalized with a severe MRSA blood infection that caused significant damage to his heart and digestive system and worsened pre-existing chronic conditions.

“Wayne devoted his life not only to horses but to the industry — developing generations of horsemen and horsewomen and growing the game by inviting unsuspecting fans into the winner’s circle,” his family said in a statement. “Whether he was boasting about a maiden 2-year-old as the next Kentucky Derby winner or offering quiet words of advice before a big race, Wayne brought heart, grace, and grit to every corner of the sport. His final days were spent at home in Kentucky, where he chose peace, family, and faith.”

Lukas won 15 Triple Crown races, including the Kentucky Derby four times. Only good friend Bob Baffert has more Triple Crown victories, and Lukas owns a record-tying 20 in the Breeders’ Cup World Championships.

“The whole secret of this game, I think, is being able to read the horse: Read what he needs, what he doesn’t need, what he can’t do, what he can do,” Lukas said in May before his 34th and final Preakness Stakes. “That’s the whole key. Everybody’s got the blacksmith, everybody’s got to the same bed available, the feed man. We all can hire a good jockey. We all can hire a pretty good exercise rider if we’ve got the means, so what the hell is the difference? The horse is the difference and what we do with him in reading him.”

Lukas was affectionately known around the barns and the racetrack as “Coach” because he coached high school basketball before his professional career with horses began. Even with months to go before his 90th birthday, he would get up on his pony in the early morning hours and go out to the track himself, rather than letting his assistants do the day-to-day work.

Born Darnell Wayne Lukas on Sept. 2, 1935, in Wisconsin as the second of three children, he rose to prominence in the sport with quarter horses in races that are effectively sprints. He moved into thoroughbreds in the late 1970s and won his first Preakness with Codex in 1980.

Lukas has 4,967 documented victories in thoroughbred racing, with his horses earning more than $310 million from more than 30,600 starts.

“Today we lost one of the great champions of Churchill Downs and one of the most significant figures in Thoroughbred racing over the last 50 years,” Churchill Downs Inc. CEO Bill Carstanjen said. “We will miss his humor, his wisdom and his unmatched capacity to thrill the fans with the performances of his horses on our sport’s biggest days.”

Achieving something of a career renaissance over the past decade, one he credits to finding the right owners willing to spend money on horses, Lukas won the Preakness last year with Seize the Grey. Asked what motivates him to keep doing his job well into his late 80s, he gave a pep talk fit for a locker room before a big game.

“If you have a passion, you eliminate all the excuses,” Lukas said. “That’s how it works. You get up early. You go without a meal. You drive. You go without sleep — as long as you got the passion. Don’t let that sofa pull you down. It’s a little easy when that alarm goes off to say, ‘Oh my God, I don’t know if I really want to do this today.’ Erase that. The most important decision you’ll ever make in your life is your attitude decision. Make it early, and make the right one.”


Aldrich Potgieter, 20, wins Rocket Classic in five-hole playoff

Updated 30 min 22 sec ago
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Aldrich Potgieter, 20, wins Rocket Classic in five-hole playoff

  • Potgieter drained an 18-foot birdie putt on the fifth playoff hole to secure his first PGA Tour victory by winning the Rocket Classic at Detroit Golf Club
  • The trio of Potgieter, Greyserman and Kirk finished 72 holes at 22-under-par 266

DETROIT: As a grueling playoff unfolded in the Rocket Classic, South Africa’s Aldrich Potgieter was determined to have enough pace on what became the final putt Sunday.

Potgieter drained an 18-foot birdie putt on the fifth playoff hole to secure his first PGA Tour victory by winning the Rocket Classic at Detroit Golf Club.

“Struggled to make putts. Left a lot short,” Potgieter said. “Finally got one to the hole.”

Potgieter outlasted Max Greyserman in an extended playoff that began with three golfers. Chris Kirk’s bogey on the second playoff hole cost him a chance and reduced the playoff to two golfers.

Potgieter, a big-hitting 20-year-old, began the tournament with a 62 on Thursday and ended up with the biggest prize. He is the youngest South African to win on tour.

“Big thanks to my family, friends, coaches, everyone who has been involved to kind of get me to this point,” Potgieter said.

The trio of Potgieter, Greyserman and Kirk finished 72 holes at 22-under-par 266.

“This one is going to sting a little bit,” Greyserman said.

Potgieter, who became the seventh-youngest PGA Tour winner since 1983, and Greyserman both had birdies on the par-5 14th hole — the fourth stop in the playoff — before Potgieter sank the winning putt on the par-3 15th hole.

Kirk and Greyserman shot final-round 5-under-par 67s and Potgieter, who was the first- and third-round leader, had 69.

Kirk had the best chance on the first playoff hole, but he was off the mark on a birdie putt of slightly more than 9 feet.

“It’s a shame that first playoff hole,” Kirk said. “Hit just three perfect shots and I misread that putt a little bit. That’s the way it goes sometimes.”

Greyserman missed from 11 feet on the second extra hole before Kirk was eliminated with a three-putt bogey moments later.

“Just really disappointed right now,” Kirk said. “Felt like I played great today. I’m happy with the way I played.”

Greyserman, ranked 48th in the world entering this week, remains without a PGA Tour victory. He has four runner-up finishes.

“Unfortunately, I didn’t get the job done,” Greyserman said. “Thought I hit a lot of good shots down the stretch. Very pleased with how I handled myself down the stretch.”

It was a bogey-free round for Greyserman, who missed a birdie putt from just inside 12 feet on the final hole that would have given him the victory. He made birdies on Nos. 16 and 17 to rise into a share of the lead.

Except for a birdie on No. 17, Kirk posted par on seven of his last eight holes in regulation.

It was a crowded leaderboard for the entire day.

Michael Thorbjornsen (67) and Jake Knapp (68) shared fourth place at 21 under. Jackson Suber (68) and Colombia’s Nico Echavarria (66) tied for sixth at 20 under.

By late afternoon, there were 26 golfers within three shots of the lead. After Potgieter and Greyserman made the turn as the final pairing, there were several fewer so close to the top, but still more than a dozen — with more than half of those golfers still on the course.

Echavarria played the final seven holes in 4 under to match his first-round 66.

Harry Higgs and Akshay Bhatia had 65s for the best scores of the last round, finishing at 16 under and 15 under, respectively.


Intense debate in Senate on Trump’s big budget bill as group warns of bigger deficit and millions getting uninsured

Updated 32 min 35 sec ago
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Intense debate in Senate on Trump’s big budget bill as group warns of bigger deficit and millions getting uninsured

  • Review says 11.8 million more Americans would become uninsured by 2034 if the bill becomes law
  • It also said the package would increase the deficit by nearly $3.3 trillion over the decade

WASHINGTON: Debate is underway in the Senate for an all-night session Sunday, with Republicans wrestling President Donald Trump’s big bill of tax breaks and spending cuts over mounting Democratic opposition — and even some brake-pumping over the budget slashing by the president himself.
The outcome from the weekend of work in the Senate remains uncertain and highly volatile. GOP leaders are rushing to meet Trump’s Fourth of July deadline to pass the package, but they barely secured enough support to muscle it past a procedural hurdle in a tense scene the day before. A handful of Republican holdouts revolted, and it took phone calls from Trump and a visit from Vice President JD Vance to keep it on track.
GOP Sen. Thom Tillis of North Carolina announced Sunday he would not seek reelection after Trump badgered him for saying he could not vote for the bill with its steep Medicaid cuts. A new analysis from the nonpartisan Congressional Budget

Office found that 11.8 million more Americans would become uninsured by 2034 if the bill became law. It also said the package would increase the deficit by nearly $3.3 trillion over the decade.
But other Senate Republicans, along with conservatives in the House, are pushing for steeper cuts, particularly to health care, drawing their own unexpected warning from Trump.
“Don’t go too crazy!” the president posted on social media. “REMEMBER, you still have to get reelected.”
All told, the Senate bill includes some $4 trillion in tax cuts, making permanent Trump’s 2017 rates, which would expire at the end of the year if Congress fails to act, while adding the new ones he campaigned on, including no taxes on tips.
The Senate package would roll back billions in green energy tax credits that Democrats warn will wipe out wind and solar investments nationwide, and impose $1.2 trillion in cuts, largely to Medicaid and food stamps, by imposing work requirements and making sign-up eligibility more stringent.
Additionally, the bill would provide a $350 billion infusion for border and national security, including for deportations, some of it paid for with new fees charged to immigrants.
If the Senate can push through overnight voting and pass the bill, it would need to return to the House. Speaker Mike Johnson has told lawmakers to be on call for a return to Washington this coming week.
Democrats ready to fight all night

 

Unable to stop the march toward passage of the 940-page bill, the Democrats as the minority party in Congress is using the tools at its disposal to delay and drag out the process.
Democrats forced a full reading of the text, which took some 16 hours. Then senators took over the debate, filling the chamber with speeches, while Republicans largely stood aside.
“Reckless and irresponsible,” said Sen. Gary Peters of Michigan. “A gift to the billionaire class,” said Sen. Bernie Sanders of Vermont.
Sen. Patty Murray, the ranking Democrat on the Appropriations Committee, raised particular concern about the accounting method being used by the Republicans, which says the tax breaks from Trump’s first term are now “current policy” and the cost of extending them should not be counted toward deficits.
“In my 33 years here in the United States Senate, things have never — never — worked this way,” said Murray, the longest-serving Democrat on the Budget Committee.
She said that kind of “magic math” won’t fly with Americans trying to balance their own household books.
“Go back home and try that game with your constituents,” she said. “We still need to kick people off their health care — that’s too expensive. We still need to close those hospitals — we have to cut costs. And we still have to kick people off SNAP — because the debt is out of control.”
Sanders said Tillis’ decision not to seek reelection shows the hold that Trump’s cult of personality has over the GOP.
“We are literally taking food out of the mouths of hungry kids,” Sanders said, while giving tax breaks to Jeff Bezos and other wealthy billionaires.
GOP leaders unphased
Republicans are using their majorities to push aside Democratic opposition, and appeared undeterred, even as they have run into a series of political and policy setbacks.
“We’re going to pass the ‘Big, beautiful bill,” said Sen. Lindsey Graham of South Carolina, the Budget Committee chairman.
The holdout Republicans remain reluctant to give their votes, and their leaders have almost no room to spare, given their narrow majorities. Essentially, they can afford three dissenters in the Senate, with its 53-47 GOP edge, and about as many in the House, if all members are present and voting.
Trump, who has at times allowed wiggle room on his deadline, kept the pressure on lawmakers to finish.
He threatened to campaign aginst Tillis, who was worried that Medicaid cuts would leave many without health care in his state. Trump badgered Tillis again on Sunday morning, saying the senator “has hurt the great people of North Carolina.”
Later Sunday, Tillis issued a lengthy statement announcing he would not seek reelection in 2026.
 

Sen. Thom Tillis of North Carolina state is one of the few Republicans opposed to Trump's big bill with its steep Medicaid cuts. (AP Photo/ File)

In an impassioned evening speech, Tillis shared his views arguing the Senate approach is a betrayal of Trump’s promise not to kick people off health care.
“We could take the time to get this right,” he thundered. But until then, he said he would remain opposed.
Democrats can’t filibuster, but can stall
Using a congressional process called budget reconciliation, the Republicans can muscle the bill through on a simple majority vote in the Senate, rather than the typical 60-vote threshold needed to overcome objections.
Without the filibuster, Democrats have latched on to other tools to mount their objections.
One is the full reading of the bill text, which has been done in past situations. Democrats also intend to use their full 10 hours of available debate time, now underway.
And then Democrats are prepared to propose dozens of amendments to the package that would be considered in an all-night voting session — or all-day, depending on the hour.
GOP senators to watch

As Saturday’s vote tally teetered, attention turned to Sen. Lisa Murkowski, R-Alaska, who was surrounded by GOP leaders in intense conversation. She voted “yes.”
Several provisions in the package are designed for her state in Alaska, but some were out of compliance of the strict rules by the Senate parliamentarian.
A short time later, Majority Leader John Thune, R-S.D., drew holdouts Sen. Rick Scott of Florida, Mike Lee of Utah and Cynthia Lummis of Wyoming to his office. Vance joined in.
Later, Scott said, “We all want to get to yes.”
 


Thousands set up street blockades in Serbia after arrests of anti-government protesters

Updated 30 June 2025
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Thousands set up street blockades in Serbia after arrests of anti-government protesters

  • Tens of thousands of people attended the rally held after nearly eight months of persistent dissent that has rattled populist President Aleksandar Vucic

BELGRADE, Serbia: Thousands of people Sunday set up street blockades in Serbia, angry over the arrest of anti-government protesters who clashed with police at a massive rally a day earlier demanding early elections.
Protesters put up metal fences and garbage containers at various locations in the capital Belgrade, also blocking a key bridge over the Sava river. Protesters in the northern city of Novi Sad pelted the offices of the ruling populist Serbian Progressive Party with eggs.
Serbian media said similar protest blockades were organized in smaller cities in the Balkan country.
Protesters on Sunday demanded that authorities release dozens of university students and other protesters who were jailed for attacking the police or for allegedly plotting to overthrow the government at the rally Saturday in Belgrade.
Tens of thousands of people attended the rally held after nearly eight months of persistent dissent that has rattled populist President Aleksandar Vucic.
Protesters also declared the current populist government “illegitimate” and laid the responsibility for any violence on the government.
Clashes with riot police erupted after the official part of the rally ended. Police used pepper spray, batons and shields while protesters threw rocks, bottles and other objects.
Police said on Sunday that 48 officers were injured while 22 protesters sought medical help. Out of 77 people detained, 38 remained in custody Sunday, most of them facing criminal charges, said Interior Minister Ivica Dacic.
At least eight more people were detained during the day, the prosecutors said.
Vucic earlier Sunday announced the arrests at a press conference, accusing organizers of the rally of inciting violence and attacks on police, urging legal prosecution.
He also criticized “terrorists and those who tried to bring down the state,” singling out University of Belgrade’s head dean, Vladan Djokic, who was among the protesters.
“There will be more arrests,” Vucic said. “Identification of all individuals is underway.”
Anti-government protests started after a renovated rail station canopy collapsed in November, killing 16 people. Many in Serbia blamed the tragedy in the northern city of Novi Sad on corruption-fueled negligence in state infrastructure projects.
Vucic has repeatedly rejected the student demand for an immediate snap vote instead of regular elections planned for 2027.
“Serbia won. You cannot destroy Serbia with violence,” Vucic said Sunday. “They consciously wanted to spur bloodshed. The time of accountability is coming.”
Critics say Vucic has become increasingly authoritarian since coming to power over a decade ago, stifling democratic freedoms while allowing corruption and organized crime to flourish. He has denied this.
Serbia is formally seeking European Union entry, but Vucic’s government has nourished its relations with both Russia and China.


New faces lead US women to familiar result: 4-0 win over Ireland

Updated 30 June 2025
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New faces lead US women to familiar result: 4-0 win over Ireland

  • It was such a young lineup that Biyendolo had almost twice as many appearances (81) as the rest of the starting lineup (41), which represented the fewest combined matches of any USWNT lineup in the past 24 years
  • The US will get a much sterner test on Wednesday when they play Canada in Washington, D.C., to complete the three-match window

CINCINNATI: The US women’s national team’s depth was on display Sunday in Cincinnati when the squad’s backups dominated Ireland for a 4-0 victory in a friendly.

US coach Emma Hayes made 11 changes from the lineup that defeated Ireland 4-0 on Thursday and didn’t miss a beat as the Americans won their fourth straight match without allowing a goal. In fact, Ireland did not put a shot on frame.

Izzy Rodriguez, who made her USWNT debut along with Sam Meza, scored in the 42nd minute for a 2-0 lead while Emma Sears played a part in the first three goals. Sears and Rodriguez played together at Ohio State, less than two hours away.

Sandwiching the Rodriguez goal, Lynn Biyendolo opened the scoring in the 11th minute and Yazmeen Ryan extended the lead to 3-0 in the 66th with her first goal. Alyssa Thompson made it 4-0 in the 86th on an assist by Claire Hutton.

The win was the 600th in USWNT history in just 765 matches.

It was such a young lineup that Biyendolo had almost twice as many appearances (81) as the rest of the starting lineup (41), which represented the fewest combined matches of any USWNT lineup in the past 24 years.

It didn’t matter. Sears made a cross to Biyendolo in the middle of the box and she ripped a shot for her 25th goal.

Rodriguez got on the board when Sears took an entry pass from Olivia Moultrie and forced a save by Courtney Brosnan (six saves). The ball came to Rodriguez and she did not hesitate on the rebound.

The role was reversed on the third goal. Sears fed Moultrie and she found an unmarked Ryan.

A minute after Thompson’s goal, hometown favorite Rose Lavelle entered the match to a standing ovation and nearly scored in the ensuing minute.

The US will get a much sterner test on Wednesday when they play Canada in Washington, D.C., to complete the three-match window.