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U.S. economy less exposed to oil price shocks![]() Washington (UPI) Jun 21, 2018 The price of oil is vulnerable to spikes from geopolitical events, though the U.S. economy seems only modestly at risk, an economist at the Dallas Fed said. The U.S. economy is expanding at a rate above 2 percent, jobless rates are at historic lows, and wages are improving, though some metrics indicate wages aren't keeping up with inflation. Consumer fuel prices are nearly 22 percent higher than they were last year. The price of oil touched a multi-year high earlier this year at $80 per ... read more  | 
 
South Sudan foes set to meet after two yearsAddis Ababa (AFP) June 20, 2018 The two figures at the centre of the civil war that has ravaged South Sudan are scheduled to meet on Wednesday for the first time in nearly two years. ... more  
Moon suggests Russian gas be piped to Koreas, JapanSeoul (AFP) June 20, 2018 New pipelines could be laid to bring Russian gas through North Korea to the South and even on to Japan following the diplomatic thaw with Pyongyang, Seoul's leader suggested Wednesday. ... more  
Wood Mac: Expect moderate action from OPECWashington (UPI) Jun 21, 2018 Expect some sort of Goldilocks scenario from OPEC on future supplies, though talks under way in Vienna are increasingly contentious, a consultant group said. ... more  
Trump erases Obama-era offshore rulesWashington (UPI) Jun 21, 2018 Executive action from the U.S. president eases offshore energy planning burdens, an industry group said, though critics said it was a war on oceans. ... more  | 
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| Previous Issues | Jun 19 | Jun 18 | Jun 16 | Jun 15 | Jun 14 | 
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Iran may have to wait for OPEC considerationsWashington (UPI) Jun 19, 2018 Considerations at OPEC for the loss of Iranian barrels to unilateral U.S. sanctions might have to wait until the fourth quarter, an Oxford analysis read. ... more  
Trade jitters send the price of oil lowerWashington (UPI) Jun 19, 2018 Mounting trade pressures between the United States and China eroded confidence in the commodities markets, dragging the price of oil lower on Tuesday. ... more  
Venezuelan oil output charting new lowsWashington (UPI) Jun 19, 2018 Ahead of what could be pivotal talks among OPEC members, production from founding member Venezuela could hit new lows soon, an industry report found. ... more  
Maintenance drags Norwegian oil production lowerWashington (UPI) Jun 19, 2018 Maintenance work at 10 different oil fields on the Norwegian continental shelf meant output was more than 10 percent lower than expected, the government said. ... more  
Alaska's governor to issue plea to avert trade warWashington (UPI) Jun 19, 2018 With energy resources on the line, Alaska Gov. Bill Walker said he was heading to Washington next week to discuss trade tensions with U.S. and Chinese officials. ... more  | 
![]() Gas prices move lower ahead of OPEC meeting  
South Sudan's warring leaders to meet for talks in EthiopiaAddis Ababa (AFP) June 19, 2018 Nearly two years after fleeing South Sudan's capital amid deadly fighting, rebel leader Riek Machar will meet face-to-face on Wednesday with the country's president, Salva Kiir. ... more  | 
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China puts U.S. energy in the cross hairs of trade war(UPI) Jun 18, 2018 The U.S. energy market was dealt a significant blow by Chinese tariffs because it has few other outlets as big as China for oil exports, analysts said Monday. ... more  
OPEC questions, Libyan tensions push oil prices higherWashington (UPI) Jun 18, 2018 Middle East tensions, heightened by militant activity in OPEC-member Libya, and guesses over what's next for the producer group sent oil prices higher Monday. ... more  
Barents Sea opened to drillers(UPI) Jun 18, 2018 Opening up more areas in the Barents Sea for drillers is expected to deliver in terms of future production, the Norwegian government said Monday. ... more  
Nord Stream is a commercial pipeline, Russia saysWashington (UPI) Jun 18, 2018 Expanding the capacity of the Nord Stream natural gas pipeline through the Baltic Sea is a purely commercial ambition, a Kremlin spokesman said Monday. ... more  
Libyan oil depots suffer catastrophic blowWashington (UPI) Jun 18, 2018 Damage from militant attacks on a crude oil terminal on the Libyan coast was described by a national oil company Monday as catastrophic. ... more  | 
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Orange, tea tree and eucalyptus oils sweeten diesel fumes Brisbane, Australia (SPX) Jun 18, 2018  
QUT PhD researcher Ashrafur Rahman tested each of the waste oils for performance and emissions as a 10 per cent oil/90per cent diesel blend in a 6-cylinder, 5.9l diesel engine. 
"As only therapeutic grade oil can be used, there is a substantial volume of low-value waste oil that currently is stored, awaiting a use," Mr Rahman said. 
"Our tests found essential oil blends produced almost ... more | 
KYOCERA to participate in Japan's virtual power plant project to improve energy management Tokyo, Japan (SPX) Jun 20, 2018  
Kyocera has registered with the Sustainable open Innovation Initiative (SII) as a resource aggregator*1 for a new program to help control energy resources among Japanese consumers. This latest test project runs until February 2019, plans to expand the coverage area to Tohoku and Hokkaido and is designed to test the flexible response to changing energy supply and demand. 
Part of a larger pr ... more | 
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New wind turbines are even efficient in low winds Helsinki, Finland (SPX) Jun 15, 2018  
VTT Research Centre of Technology (VTT) has explored the potential and economic benefits of new wind power technology. The technology would greatly increase the benefits of wind energy and enable the competitive utilisation of wind power in Finland. 
Heavy investments are being made in wind power, which highlights the importance of this new and competitive technology. Wind power accounts fo ... more | 
Creating a new composite fuel for new-generation fast reactors Nizhny Novgorod, Russia (SPX) Jun 20, 2018  
Joint research efforts of a team of scientists at Lobachevsky University of Nizhny Novgorod (UNN) comprising chemists, physicists and engineers are currently focused on solving the problems of handling plutonium and minor actinides (MA) accumulated over many years. 
To this end, they are studying composite ceramics-ceramics (Cer-Cer) and ceramics-metal (CerMet) materials on the basis of min ... more | 
 
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Ocean's heat cycle shows that atmospheric carbon may be headed elsewhere Princeton NJ (SPX) Jun 20, 2018  
As humans continue to pump the atmosphere with carbon, it's crucial for scientists to understand how and where the planet absorbs and naturally emits carbon. 
A recent study in the journal Nature Geosciences examined the global carbon cycle and suggests that existing studies may have misgauged how carbon is distributed around the world, particularly between the northern and southern hemisph ... more | 
Could this material enable autonomous vehicles to come to market sooner? Los Angeles CA (SPX) Jun 20, 2018  
One of the leading challenges for autonomous vehicles is to ensure that they can detect and sense objects - even through dense fog. Compared to the current visible light-based cameras, infrared cameras can offer much better visibility through the fog, smoke or tiny particles that can scatter the visible light. 
Within the air, infrared light - within a specific range called mid-wave infrare ... more | 
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7 shepherds killed as IS 'danger' grips Iraqi desert Baghdad (AFP) June 19, 2018  
 Seven shepherds and farmers have been found murdered after the Islamic State jihadist group kidnapped dozens of people in the desert region of central Iraq, a local official said Tuesday. 
In a renewed threat to the region, IS attacked several remote villages and seized 30 locals from their homes, Ali al-Nawaf, a municipal council chief, told AFP. 
"The bodies of seven of them have been fo ... more | 
Japan halts missile drills after Trump-Kim summit: reports Tokyo (AFP) June 21, 2018  
 Japan has halted evacuation drills simulating a North Korean missile attack in the wake of historic talks between Washington and Pyongyang, local media reported Thursday. 
Government officials did not immediately confirm the reports, but authorities in one town told AFP they were suspending a drill planned for next week on orders from Tokyo. 
The decision comes after US President Donald Tr ... more | 
 
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China pledges $100 million in military aid to Cambodia Phnom Penh (AFP) June 19, 2018  
 China has pledged around $100 million to help modernise Cambodia's military, the government said Tuesday, the latest largesse showered on the country amid a crackdown on dissent before national elections. 
The pledge came from visiting Defence Minister Wei Fenghe, who arrived on Saturday for talks with his Cambodian counterpart and Prime Minister Hun Sen, said defence ministry spokesman Gener ... more | 
Gambian police kill two anti-pollution protestors Banjul, Gambia (AFP) June 18, 2018  
 Gambian police Monday killed two young men during a village protest against sand excavation they claim is damaging their rice fields, official sources said. 
The office of the police inspector general said a clash between villagers and police led to the "regrettable death" of two men and left several others injured. 
"The office of the Inspector General of Police wishes to make it clear th ... more | 
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V-22 Ospreys to receive ballistic protection panels Washington (UPI) Jun 19, 2018  
 The Department of Defense announced it has awarded a contract to MACRO Industries for hardware in support of the V-22 aircraft. 
 The contract award, from Naval Air Warfare Center Aircraft Division and announced on Monday, is valued at more than $20.4 million under the terms of a fixed-price indefinite-delivery, indefinite-quantity contract. The deal enables MACRO Industries to provide 20 ... more | 
US lawmakers hammer commerce secretary Ross over trade Washington (AFP) June 20, 2018  
 Indignant US lawmakers on Wednesday grilled Commerce Secretary Wilbur Ross on President Donald Trump's multi-front trade offensive, saying it risked spiraling out of control and damaging the American economy. 
Pleading for an assortment of interests - from nail manufacturers in Missouri to cherry growers in Washington state - senators told Ross US trade policies are alienating allies and je ... more | 
 
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NATO will show unity despite differences: Stoltenberg Brussels (AFP) June 19, 2018  
 NATO chief Jens Stoltenberg voiced confidence Tuesday that Alliance members will demonstrate unity at a summit next month despite "important differences" between the United States and European members of the transatlantic Alliance. 
US President Donald Trump has called on fellow members to shoulder a bigger share of the NATO budget. 
The US leader has also complained that the transatlantic ... more | 
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Wastewater treatment plants are key route into UK rivers for microplastics Leeds UK (SPX) Jun 18, 2018  
Water samples from UK rivers contained significantly higher concentrations of microplastics downstream from wastewater treatment plants, according to one of the first studies to determine potential sources of microplastics pollution. 
Scientists from the University of Leeds measured microplastics concentrations up and downstream of six wastewater treatment plants and found that all of the p ... more | 
US military to help prosecute migrant cases Washington (AFP) June 21, 2018  
 US military lawyers will help civilian prosecutors handle cases against undocumented migrants, the Defense Department said Wednesday, in a rare use of armed forces legal staff. 
Under a "zero tolerance" policy, the United States has been arresting every illegal border-crosser but the measure has failed to stop the flow of migrants from impoverished and violent Guatemala, El Salvador and Hondu ... more | 
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