Oil prices extended gains Thursday after Russia signaled it was ready to cut output before a key producers’ meeting aimed at boosting energy markets as the coronavirus pandemic strangles demand.US benchmark West Texas Intermediate rose 4.6 percent to US$26.26 a barrel, while Brent crude, the international benchmark, jumped 2.7 percent to $33.73.Read also: Chinese oil refiners to lift April production to 2019 levels Oil exporting group OPEC, led by top producer Saudi Arabia, and others – including Russia – will meet via video conference later Thursday and expectations are growing they will agree to reduce output to support prices.Prices are at near-two-decade lows with travel restrictions and lockdowns around the world throttling demand, and Riyadh and Moscow locked in a vicious price war.But Saudi Arabia and Russia, the world’s second-biggest producer, now look set to draw a line under their dispute to help stabilize battered markets.Moscow said Wednesday it is willing to cut output by about 1.6 million barrels a day, or about 15 percent, Bloomberg News reported, smoothing the path towards a deal. A key question had been whether the US would join any deal, but analysts say a fall in America’s crude output forecast released earlier this week is likely enough to satisfy Riyadh and Moscow for now. Another key meeting takes place Friday, when G20 energy ministers hold talks remotely to discuss steps to steady the market.Read also: Pertamina to go ahead with higher oil production plan despite oil price crashStill, analysts caution that the devil will be in the detail, and an output cut deemed too small could send prices down even further.A cut of just 10 million barrels a day “might not trigger much of rally and probably eventually see selling pressure drive crude back to the low-mid $20s”, said Edward Moya, senior market analyst with OANDA.He also cautioned that a “turn for the worse could happen” which derails a deal, adding that “the following 24 hours will be critical for global oil prices”.Topics :
Comment Advertisement Metro Sport ReporterSaturday 18 Apr 2020 2:50 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.7kShares Lauren tips Fernando Torres to make a great coach Lauren has been impressed by Torres (Picture: AFP via Getty)‘He wants to play good transitions, win the ball and go forward quickly. ‘He knows what he wants to do. You can feel that he has that kind of understanding of the game. ‘He’s one of those guys I’ve been most impressed with. He knows what he’s doing every day.’Follow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page. (Picture: AFP7 / Europa Press Sports via Getty)Arsenal legend Lauren has tipped former Liverpool and Chelsea striker Fernando Torres to become a great coach, as the pair work towards their Uefa license together. The pair are part of a group working through the Spanish football federation to earn their coaching badges. Former Barcelona centre-back Rafael Marquez, ex-Real Madrid and Liverpool full-back Alvaro Arbeloa and former Aston Villa and Rangers defender Carlos Cuellar are also part of the group. The coronavirus crisis has forced them to set up a WhatsApp group while they continue their studies.ADVERTISEMENTRead the latest updates: Coronavirus news live‘The experience has been wonderful,’ Lauren told The Athletic. ‘You see different thought-processes and different ways to understand the game.AdvertisementAdvertisement‘We have to adapt ourself to new systems to have lessons. We need speedy learning!’Former Atletico Madrid striker Torres has been a shining light in the group and Lauren believes he has a great career in coaching ahead of him.‘You can see that he has everything very clear,’ Lauren added. Advertisement
Press Association There was the odd hairy moment in Sunday’s 1-0 win at Tottenham, but the France international is confident of kicking on next term. “It was a little bit difficult for me,” Mangala said, assessing the campaign. “I need to adapt to the Premier League. “I know the Premier League better now. I think I am used to playing each kind of game and I am very confident for the other seasons and the next season now.” Mangala’s adaptation has no doubt been hampered by City’s own struggles, with their tame title defence ended by Chelsea on Sunday. However, they can at least look forward to Champions League football next term after the win in north London all but secured a top-four finish. That was far from certain a few weeks back and now Manuel Pellegrini’s men are aiming to finish second or third, which would see them progress straight to the group stage. “We are happy because we knew yesterday Manchester (United) lost against West Bromwich,” Mangala said. “It was important for us to win this game and the most important thing is three points, so it was a good game for us. “We have three games and now the objective is that we need to finish second or third to go straight to play the Champions League next season.” Mangala knows City would not have been celebrating an eighth win in nine Premier League matches against Tottenham was it not for Sergio Aguero and a man-of-the-match display from Joe Hart. “For me, I enjoy playing with Joe,” he said. “He showed today he is a good goalkeeper. It is important to have a goalkeeper like that behind us. “I think he is a young player, he has a good career ahead of him and we need to respect what he does. “The first goal started with Joe. He recovered the ball and played it quickly to David and finished with Kun, he scored a very great goal. “It was very important for us today – thank you Joe today and thank you Sergio.” The defeat almost certainly extinguishes Spurs’ hopes of Champions League qualification and left defender Eric Dier ruing what could have been. “It was very frustrating,” the England Under-21s international told Spurs TV. “I think we played well for the majority of the game. “Obviously Man City are a good side and had spells when they were better than us, but I think we played well and obviously missed a few chances which is disappointing. “If you don’t take your chances, that’s what happens, especially against big teams like Man City. You’ve got to take your chances and we haven’t done that.” Eliaquim Mangala believes Manchester City will soon see the best of him after what has been a “difficult” first season. Arriving in a £32million deal from Porto, a lot was expected from the highly-rated 24-year-old central defender. The transition has been far from seamless, though, and Mangala has endured a fair few tough moments in his first Premier League season.
Tony Pulis has been sacked as West Brom head coach with the club a point above the Premier League relegation zone and without a win in 10 top-flight games.The Baggies were beaten 4-0 at home by Chelsea on Saturday.Albion won their first three games of the season, but have drawn four and lost seven since beating Accrington in the Carabao Cup on August 22.Former West Brom manager Gary Megson, who had been Pulis’ assistant, is taking over “until further notice”.Welshman Pulis said he was “proud” to have managed the club and predicted the team can finish in the “upper reaches” of the table. “My remit was to develop the squad and ensure we delivered results which would in turn improve the club’s financial position,” he said.“We have achieved this year on year and I am pleased to have played a part in the club’s growth.“This season, expectations have risen and although we are disappointed with some of our results, one thing I would never question is this group’s work ethic and application.”Pulis has been linked with the Wales manager’s job vacated by Chris Coleman on Friday.Chairman John Williams said: “These decisions are never taken lightly but always in the interests of the club.“We are in a results business and over the back end of last season and this season to date, ours have been very disappointing.“We would like to place on record our appreciation of Tony’s contribution and hard work during a period of transition for the club which included a change of ownership. We wish him well in his future endeavours.”West Brom faces Tottenham in the Premier League at Wembley on Saturday, and follow that with home games against Newcastle (November 28) and Crystal Palace (December 2).Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
Submitted by Westport WineryWestport Winery earned two medals at the 2014 Tasters Guild International Wine Competition in Grand Rapids, Michigan. Thirty experienced judges from around the country completed over 2,000 evaluations of wine from 8 countries and 37 states and provinces between April 30 and May 3, 2014.Maritime Moscato, a sparkling Muscat crafted with grapes from Upland Vineyards in the Snipes Mountain AVA, earned a silver medal. A portion of the proceeds of this wine benefits the Northwest Carriage Museum in Raymond, Washington. This label features an original watercolor by Blain Roberts surf partner, Darryl Easter of Camarillo, California.Night Watch, a unique blend of Cabernet Sauvignon and sweet dark cherry, also earned a silver medal. This wine benefits Harbor Home Health & Hospice. The art on this label was created by Oregon artist Cathy Peek.Westport Winery and Vineyards By-the-Sea with its unique sculpture garden, lavender labyrinth, musical fence, 9-hole executive golf course, giant chess set, outdoor scrabble game, and grape maze, is located on the corner of Highway 105 and South Arbor Road halfway between Aberdeen and Westport. Westport Winery was named Best of the Northwest Wine Tour in 2010, 2011, 2013 and 2014.Westport’s award-winning wines are exclusively available at the winery. The tasting room, gift shop, produce market, plant nursery and bakery are open daily from 11 a.m. to 6 p.m. The restaurant is open for lunch daily from 11 a.m. to 4 p.m. and for dinner on Friday and Saturday from 4 p.m. to 8 p.m. For more information contact Westport Winery at 360-648-2224 or visit the website at www.westportwinery.com. Facebook0Tweet0Pin0