OPEC+ said to discuss further easing of oil cuts from August

Crude oil prices retreated on Tuesday, after Brent rose above $75 a barrel for the first time since April 2019 and as OPEC+ begins discussions on raising oil production. (AFP)
Short Url
Updated 23 June 2021
Follow

OPEC+ said to discuss further easing of oil cuts from August

  • Group is aiming to gradually unwind last year’s record oil output curbs

DUBAI: OPEC+ is discussing a further easing of oil output cuts from August as oil prices rise on demand recovery, but no decision had been taken yet on the exact volume to bring back to the market, two OPEC+ sources said on Tuesday.

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, is returning 2.1 million barrels per day (bpd) to the market from May through July as part of a plan to gradually unwind last year’s record oil output curbs. OPEC+ meets next on July 1.
“It is highly possible to increase gradually from August,” said one of the sources, adding that no final decision had been made and the exact volumes are yet to be agreed on.

HIGHLIGHTS

• OPEC+, is returning 2.1 million bpd to the market from May through July as part of a plan to gradually unwind last year’s record oil output curbs.

• The talks mean that OPEC and Russia are likely to find common ground again on oil production policy.

• Moscow has been insisting on raising output further to avoid prices spiking.

The talks mean that OPEC and Russia are likely to find common ground again on oil production policy. Moscow has been insisting on raising output further to avoid prices spiking, while key OPEC producers have given no signals on the next step until now.
Russian producers see August as a good time to further ease oil output cuts despite the expected return of Iranian barrels as the market is in deficit, an industry source told Reuters on Tuesday.
“Limping” US production also supports the case for easing the curbs, the Russian source said.
Crude oil prices retreated on Tuesday, after Brent rose above $75 a barrel for the first time since April 2019 and as OPEC+ begins discussions on raising oil production, but a strong demand outlook underpinned prices.


Gaza journalists win video award for ‘powerful’ war coverage

Updated 2 min 57 sec ago
Follow

Gaza journalists win video award for ‘powerful’ war coverage

  • Belal Alsabbagh and Youssef assouna were presented the “News” award for their work on the devastating conflict set off by last year’s Oct. 7 attack on Israel
  • The prize has been awarded since 1995 in memory of video journalist Rory Peck, who was killed in Moscow in 1993, to highlight the work of freelance video journalists

LONDON: Gaza video correspondents Belal Alsabbagh and Youssef Hassouna on Thursday won a Rory Peck award for their “powerful” coverage of the brutal war in the Palestinian territory for Agence France-Presse.
The prize has been awarded since 1995 in memory of video journalist Rory Peck, who was killed in Moscow in 1993, to highlight the work of freelance video journalists.
Alsabbagh, 33, and Hassouna, 47, were presented the “News” award for their work on the devastating conflict set off by last year’s October 7 attack on Israel.
“Belal and Youssef’s work is remarkable for its range of emotions, we understood the dreadful scale of destruction in their drone shots and in the relentless attack,” the jury said in a tribute.
“This is visual reporting of the highest order. It’s not just a checklist of breaking news events, but powerful storytelling with empathy, courage and talent,” it added.
Among the heart-wrenching images entered in the contest were sequences of a man desperately searching for a relative in the debris after a strike, a woman howling in grief over a body in a hospital and Gaza residents queuing for food.
Alsabbagh, who left Gaza in April with his wife and daughter, was in London for the ceremony. In September, he was also awarded a prestigious Bayeux-Calvados prize for war correspondents.

This October 12, 2024 photo shows videographer Belal AlSabbagh (2nd left) and four other Palestinian media practitioners during the award ceremony as part of the 2024 edition of the “Prix Bayeux Calvados-Normandie of the war correspondents” in Bayeux,  France. (AFP)

“Despite my overflowing joy tonight, I have a heavy heart because members of my family and friends are still in Gaza, facing hunger, fear and still facing bombs,” said Alsabbagh, who has worked for AFP since 2017.
Hassouna, who has contributed to AFP since 2014 and is still in Gaza, has had to move home 10 times since the start of the war.
He has been one of the key independent video journalists working for AFP during the conflict.
“Everybody at AFP is tremendously proud of Belal and the work of his colleagues in Gaza. This award is a deserved recompense for his excellent journalism under seemingly impossible conditions,” said AFP global news director Phil Chetwynd.
“This prize rewards the courage of Belal and Youssef whose images for AFP showed television stations around the world the reality of the conflict in Gaza and the consequences for its civilian population,” said Guillaume Meyer, deputy news director for video and audio.
“I am very happy that their commitment and the quality of their work in incredibly difficult conditions has been recognized,” Meyer added.
“The Rory Peck award gives a precious support to freelance journalists without whom we could not work in numerous countries,” he said.
This is the sixth time since 2014 that an AFP correspondent has won a Rory Peck prize.
Among this year’s three finalists was Luckenson Jean, a freelancer for AFP covering the crisis in Haiti, where armed gangs have run amok.


 


Canada sues Google over alleged anticompetitive practices in online ads

Updated 29 November 2024
Follow

Canada sues Google over alleged anticompetitive practices in online ads

  • The Competition Bureau is asking a tribunal to order Google to sell its ad tech tools, which it uses "unlawfully" to maintain its dominant market position
  • Google maintains the online advertising market is a highly competitive sector and that it intends to defend itself against the allegation

TORONTO: Canada’s antitrust watchdog said Thursday it is suing Google over alleged anticompetitive conduct in the tech giant’s online advertising business and wants the company to sell off two of its ad tech services and pay a penalty.
The Competition Bureau said that such action is necessary because an investigation into Google found that the company “unlawfully” tied together its ad tech tools to maintain its dominant market position.
The matter is now headed for the Competition Tribunal, a quasi-judicial body that hears cases brought forward by the competition commissioner about non-compliance with the Competition Act.
The bureau is asking the tribunal to order Google to sell its publisher ad server, DoubleClick for Publishers, and its ad exchange, AdX. It estimates Google holds a market share of 90 percent in publisher ad servers, 70 percent in advertiser networks, 60 percent in demand-side platforms and 50 percent in ad exchanges.
This dominance, the bureau said, has discouraged competition from rivals, inhibited innovation, inflated advertising costs and reduced publisher revenues.
“Google has abused its dominant position in online advertising in Canada by engaging in conduct that locks market participants into using its own ad tech tools, excluding competitors, and distorting the competitive process,” Matthew Boswell, Commissioner of Competition, said in a statement.
Google, however, maintains the online advertising market is a highly competitive sector.
Dan Taylor, Google’s vice president of global ads, said in a statement that the bureau’s complaint “ignores the intense competition where ad buyers and sellers have plenty of choice.”
The statement added that Google intends to defend itself against the allegation.
US regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade.
The proposed breakup, floated in a 23-page document filed this month by the US Department of Justice, calls for sweeping punishments that would include a sale of Google’s industry-leading Chrome web browser and impose restrictions to prevent Android from favoring its own search engine.


Protesters clash with police in Georgia over government’s EU application delay

Updated 29 November 2024
Follow

Protesters clash with police in Georgia over government’s EU application delay

  • Government suspends EU accession talks until 2028
  • Georgian Dream has deepened ties with Russia amid EU tensions

TBILISI: Police clashed with protesters in the Georgian capital Tbilisi early on Friday, after the country’s ruling party said the government would suspend talks on European Union accession and refuse budgetary grants until 2028.
The country’s interior ministry said three police officers were injured.
Police ordered protesters to disperse, fired water cannon and deployed pepper spray and tear gas as masked young people tried to smash their way into the parliament. Some protesters tossed fireworks at police while shouting “Russians” and “Slaves!“
Georgia’s relations with the EU have deteriorated sharply in recent months as Brussels has alleged that the government had resorted to authoritarian measures and adopted pro-Russian stands.
Thousands of pro-EU protesters had blocked streets in the capital before the altercations began. The country’s figurehead president accused the government of declaring “war” on its own people and confronted riot police, asking whether they served Georgia or Russia.
The Georgian Dream governing bloc accused the EU of “a cascade of insults,” saying in a statement it was using the prospect of accession talks to “blackmail” the country, and to “organize a revolution in the country.”
As a result, it said: “We have decided not to put the issue of opening negotiations with the European Union on the agenda until the end of 2028. Also, we refuse any budgetary grant from the European Union until the end of 2028.”
The South Caucasus country of 3.7 million has the aim of EU accession written into its constitution and has long been among the most pro-Western of the Soviet Union’s successor states.
With months of downturn in relations between Tbilisi and Brussels, the EU had already said that Georgia’s application for membership was frozen.
Georgian Dream says it is not pro-Russian, and that it is committed to democracy and integration with the West.
It says it still wants to join the EU eventually, but has repeatedly engaged in diplomatic feuds with Brussels in recent years, whilst deepening ties with neighboring Russia.
There was no immediate formal comment from the EU on Georgian Dream’s statement. But an EU official said the impact of Thursday’s move was huge, adding the government was doing what the EU had feared and had hoped it would not.
Opinion polls show that around 80 percent of Georgians support EU membership, and the bloc’s flag flies alongside the national flag outside virtually all government buildings in the country.
The pro-Western opposition reacted to Georgian Dream’s announcement with fury as protesters massed. Local media reported that protests that erupted in provincial cities.

’WAR’ AGAINST PEOPLE
Giorgi Vashadze, a prominent opposition leader, wrote on Facebook: “the self-proclaimed, illegitimate government has already legally signed the betrayal of Georgia and the Georgian people.”
President Salome Zourabichvili, a pro-EU critic of Georgian Dream whose powers are mostly ceremonial, said the ruling party had “declared not peace, but war against its own people, its past and future.”
Zourabichvili’s term ends in December, and Georgian Dream has nominated a former lawmaker with hard-line anti-Western views to replace her.
The opposition says that an October election, in which official results gave the Georgian Dream bloc almost 54 percent of the vote, was fraudulent and have refused to take their seats. Western countries demand a probe into irregularities.
Both Georgian Dream and the country’s election commission say the election was free and fair.
Earlier on Thursday, Georgian Prime Minister Irakli Kobakhidze told journalists that EU membership might harm Georgia’s economy, as it would require Tbilisi to cancel visa-free agreements and trade deals with other countries.
The EU gave Georgia candidate status in December 2023, but has said that a raft of laws passed since by Georgian Dream, including curbs on “foreign agents” and LGBT rights, are authoritarian, Russian-inspired, and obstacles to EU membership.
Foreign and domestic critics of Georgian Dream say the party, which is seen as dominated by its billionaire founder, ex-prime minister Bidzina Ivanishvili, is steering Georgia back toward Moscow, from which it gained independence in 1991.
Russia and Georgia have had no formal diplomatic relations since Moscow won a brief 2008 war, but have had a limited rapprochement recently.
Opinion polls show most Georgians dislike Russia, which continues to back two breakaway Georgian regions.
Russian President Vladimir Putin, speaking during a visit to Kazakhstan, praised the “courage and character” he said Georgian authorities had shown in passing the law on foreign agents, which domestic critics have likened to Russian legislation. (Reporting by Felix Light Additional reporting by Lili Bayer in Brussels Editing by Mark Trevelyan, Andrew Osborn, William Maclean, Frances Kerry and Ron Popeski)


Russian air defenses destroy, down 30 Ukrainian drones in Rostov region

Updated 29 November 2024
Follow

Russian air defenses destroy, down 30 Ukrainian drones in Rostov region

Russian air defenses destroyed or downed 30 Ukrainian drones in southern Rostov region early on Friday, Regional Governor Yuri Slyusar said.
Slyusar, writing on the Telegram messaging app, said some private homes in two villages had sustained some damage, but there were no casualties.


For the first time, Macron calls 1944 killings of West African troops by French army as massacre

Updated 29 November 2024
Follow

For the first time, Macron calls 1944 killings of West African troops by French army as massacre

  • Up to 400 West African soldiers who fought for the French Army in the Battle of France in 1940 were massacred on Dec. 1, 1944 by French soldiers over a dispute on unpaid wages
  • Macron recognized the criminal act in a letter to Senegal's President Faye, at a time when France’s influence is declining in the region, with Paris losing its sway in the former French colonies in West Africa

DAKAR, Senegal: French President Emmanuel Macron on Thursday for the first time recognized the killing of West African soldiers by the French Army in 1944 as a massacre in a letter addressed to the Senegalese authorities.
Macron’s move, on the eve of the 80th anniversary of the World War II killings in Thiaroye — a fishing village on the outskirts of the Senegalese capital of Dakar — comes as France’s influence is declining in the region, with Paris losing its sway in the former French colonies in West Africa.
Between 35 and 400 West African soldiers who fought for the French Army in the Battle of France in 1940 were killed on Dec. 1, 1944 by French soldiers after what the French described as a mutiny over unpaid wages.
The West Africans were members of the unit called Tirailleurs Senegalais, a corps of colonial infantry in the French Army. According to historians, there were disputes over unpaid wages in the days before the massacre but on that Dec. 1, French troops rounded up the West African soldiers, mostly unarmed, and shot and killed them.
Senegalese President Bassirou Diomaye Faye said he received the letter, which was seen by The Associated Pres.
Speaking to reporters late on Thursday, Faye said Macron’s step should “open the door” so that the “whole truth about this painful event of Thiaroye” can finally come out.
“We have long sought closure on this story and we believe that, this time, France’s commitment will be full, frank and collaborative,” he added.
“France must recognize that on that day, the confrontation between soldiers and riflemen who demanded their full legitimate wages be paid, triggered a chain of events that resulted in a massacre,” read Macron’s letter.
“It is also important to establish, as far as possible, the causes and facts that led to this tragedy,” Macron added. “I have asked my services to inform me of the progress of the work of the Committee for the Restoration of the Facts, which your government has decided to set up, under the direction of Professor Mamadou Diouf, whose eminence and qualities are recognized by all.”
The letter comes weeks after the Senegalese legislative elections, in which the ruling party PASTEF secured a definite majority. The win granted newly elected President Faye a clear mandate to carry out ambitious reforms promised during the campaign, which include more economic independence from foreign companies, including French ones, which are heavily invested in the country.
France still has around 350 troops in its former colony, mainly in a supportive role. Asked about the presence of French forces, Faye alluded that it would not be something the Senegalese would want.
“Historically, France enslaved, colonized and stayed here,” he said. “Obviously, I think that when you reverse the roles a little, you will have a hard time conceiving that another army, China, Russia, Senegal, or any other country could have a military base in France.”