OPEC ministers announced a deal on Friday that will increase oil supplies from the producer group, which has been capping output in order to balance the market and boost prices for the last 18 months. The agreement came after a week of tense negotiation at OPEC's headquarters in Vienna, Austria. Top OPEC producer Saudi Arabia faced the challenge of convincing a handful of reluctant producers including Iran, Iraq, and Venezuela to support an output hike.Add your comment!
ExxonMobil made its eighth oil discovery offshore Guyana at the Longtail-1 well in the Stabroek Block on June 20. The company encountered 256 feet of oil-bearing sandstone. The well was drilled to 18,057 feet depth in 6,365 feet of water.Add your comment!
With the onset of snow and ice this week, the Falkland Islands Government would like to rehearse some of the sensible precautions that should be taken to keep safe during this bout of winter weatherAdd your comment!
Holyrood will not give consent to any further Brexit legislation until the broken devolution system is fixed, Scotland's Brexit Minister has said. Michael Russell added the Scottish government no longer trusted UK ministers after they pushed through the Brexit bill last week. He was speaking as Nicola Sturgeon held talks in Guernsey with UK Cabinet Minister David Lidington.Add your comment!
Venezuelan security forces have carried out hundreds of arbitrary killings under the guise of fighting crime, the UN's human rights body says. In the report it cites “shocking”accounts of young men being killed during operations, often in poor districts, over the past three years.1 comment
Car giant BMW has followed plane-maker Airbus in warning about the consequences of Brexit uncertainty. BMW UK boss Ian Robertson says clarity is needed by the end of the summer. BMW makes the Mini and Rolls Royce and employs about 8,000 people in the UK.1 comment
New footage of the devastating impact of plastic pollution on wildlife has been captured by a BBC team. Seabirds are starving to death on the remote Lord Howe Island, a crew filming for the BBC One documentary Drowning in Plastic has revealed. Their stomachs were so full of plastic there was no room for food.Add your comment!
Anti-Brexit campaigners who want the public to have the final say on the UK's departure will take to the streets later on Saturday to argue it is “not a done deal”. The London march comes on the two year anniversary of the 2016 vote to leave. People's Vote, which wants a referendum on any exit deal, said people must make their “voices heard” about the damage of leaving next year without agreement.2 comments
Jamie Bowden has been appointed Her Majesty’s Ambassador to the Republic of Chile in succession to Ms Fiona Clouder. Mr Jamie Bowden, called on the Acting Director of Protocol of the Chilean Ministry of Foreign Affairs, Mr Patricio Guesalaga, during his first day Ambassador to Chile.Add your comment!
Argentine stocks surged on Thursday after index provider MSCI upgraded the country to its emerging markets index a day earlier, a respite from months of dismal economic news for market-friendly President Mauricio Macri. The local Merval stock index closed up 6%, led by industrials and banks. Investment bank Grupo Financiero Valores led gains, rising 18.3%, while aluminum producer Aluar rose 13%.1 comment