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Shell warns $ 22 billion hit from falling coronavirus prices

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Shell warns $ 22 billion hit from falling coronavirus prices
Skin (RDSA) cut its energy price outlook Tuesday, saying in a statement that it expects Brent crude to cost $ 40 per barrel in 2021 and $ 50 per barrel in 2022. Prices are expected to rise to $ 60 per barrel in 2023.
The company said the changes in the estimated price reflected economic trauma caused by a coronavirus pandemic, which has plunged countries around the world into recession and sharply reduced energy demand.

Brent crude futures hit their lowest levels in decades in April, falling below $ 20 a barrel. They have made a comeback to trade above $ 41 a barrel, but that is still far below where prices started this year.

Shell said on Tuesday that it expects to take over between $ 15 billion and $ 22 billion in the second quarter as a result of shifting market conditions. It is scheduled to report its financial results for the quarter on July 30.

The company said in a statement that they would continue to “adapt to ensure business remains resilient.” Shell deducts dividends in April for the first time since World War II in an effort to save money.

A large slump in oil and gas demand this year has pushed many of the biggest industrial companies to accelerate the transition to cleaner fuels. Shell has committed to achieving zero net carbon emissions from its own operations by 2050.

BP left petrochemical with sales of $ 5 billion
BP (BP) agreed to sell the petrochemical business for $ 5 billion on Monday, saying the company’s resources would be better used elsewhere as it tried to achieve zero net emissions by 2050 or sooner. BP announced earlier this month that it will be written the value of its assets was $ 17.5 billion in the second quarter.

Demand for crude oil is recovering as the country restarts its economy. But the potential revival of the virus poses a big risk to any estimate, helping to keep a lid on prices even as supplies soften.

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Trump news live: Hottest 2020 election and Twitter updates as president claims ‘shouldn’t be hard’ for Kanye West to siphon votes from Biden

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Trump news live: Latest 2020 election and Twitter updates as president says ‘shouldn’t be hard’ for Kanye West to siphon votes from Biden

As the number of coronavirus infections in the US surges for the third day in a row to far more than 69,000 situations, President Donald Trump has appeared for the initially time in general public putting on a experience mask, at a professional medical facility exterior Washington.

Mr Trump has eschewed the wearing of facial area coverings in public, earlier stating he “didn’t want the press to get the enjoyment of observing it”. But with Covid-19 bacterial infections and deaths mounting throughout the nation, the president produced an abrupt U-change earlier this month and claimed he is “all for masks”.

On Saturday, Mr Trump appeared to convey self-assurance in rapper Kanye West, who not long ago announced designs to run for the White Dwelling and distanced himself from the president.

Retweeting an write-up in which 1 of his very own marketing campaign advisers mused that Mr West may perhaps be making an attempt to just take black votes away from Democrat prospect Joe Biden, Mr Trump included: “That should not be tough. Corrupt Joe has accomplished very little excellent for Black people!” He added practically nothing additional to the idea.



Trump needs extradition of previous M16 officer Christopher Steele

The president demanded the extradition of Christopher Steele, the British previous M16 officer who compiled the infamous file on the president’s ties with Russia.

Donald Trump tweeted on Saturday morning: “This person really should be extradited, experimented with, and thrown in jail. A ill lier [sic] who was compensated by Crooked Hillary & the DNC!”

He later tweeted: “Bring again Steele!!!”, and retweeted a link to a e-book on the Russia investigation by Gregg Jarrett, a authorized and political analyst with Fox News.

Examine the complete report by Oliver O’Connell below:


Mueller states Stone remains a felon subsequent Trump’s conclusion to commute prison sentence

Previous unique counsel Robert Mueller has defended his investigation into ties among Russia and Donald Trump’s 2016 presidential campaign and asserted that Trump ally Roger Stone “remains a convicted felon”.

An op-ed in the Washington Put up marked Mr Mueller’s 1st general public assertion on his investigation considering that his congressional physical appearance very last July.

It comes soon after the president’s incredible choice to commute Stone’s jail sentence on Friday, just days prior to the latter was thanks to report to prison.

Mr Mueller wrote: “The Russia investigation was of paramount worth. Stone was prosecuted and convicted due to the fact he dedicated federal crimes. He remains a convicted felon, and rightly so.”

The previous FBI director has been exceedingly restricted-lipped in the course of the investigation and has refused to reveal or justify his work – till this op-ed. Mr Mueller recounted how Stone tampered with a witness and lied repeatedly about his efforts to gain inside of details about Democratic email messages that Russian operatives stole and supplied to WikiLeaks.

Mr Trump’s decision was also strongly condemned by Mitt Romney, describing it as “unprecedented, historic corruption”.

Supplemental reporting by AP


It “shouldn’t be difficult” for rapper Kanye West to siphon Black votes from former Vice President Joe Biden, President Donald Trump has claimed.

David Harris Jr, an advisor on the president’s campaign’s Black Voices for Trump advisory board, explained to Washington-dependent news site Just The Information that Mr West’s political tactic might be to “get some black votes that would have voted for Biden to actually vote for Kanye”.

Mr West announced his programs to operate for president before this thirty day period, but it could be too late for him to get on the ballot. Final 7 days, the tunes icon distanced himself from supporting Mr Trump and mentioned his presidency “appears to be like a single massive mess to me”.

Inspite of Mr West showing up to keep the president at arm’s size, Mr Trump retweeted the job interview with Mr Harris and additional: “That shouldn’t be really hard. Corrupt Joe has accomplished nothing for Black men and women!”


President Donald Trump was noticed for the first time wearing a encounter mask in community in the course of a stop by to a military services healthcare facility, following months of ignoring assistance to do so.

All through the pay a visit to, he satisfied with wounded company associates and health care vendors caring for Covid-19 people.

Examine Chiara Giordano‘s report on Mr Trump’s 1st community physical appearance in a face mask beneath:


Very good early morning, and welcome to The Independent’s liveblog on US President Donald Trump.

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Trump desired to Promote Puerto Rico in the aftermath of Hurricane Maria

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The revelation was made by Elaine Duke, who took over the role during John F. Kelly

Elaine Duke, former secretary of homeland safety through the summertime of 2017, claimed President Donald Trump was fascinated in ‘divesting’ or ‘selling’ Puerto Rico as it struggled for the duration of Hurricane Maria. 

Duke, who experienced been with the Departments of Homeland Security and Protection for 30 years, stuffed the role for the duration of John F. Kelly’s transition to White House Chief of Staff in 2017. 

She served in the job for 4 months before Kirstjen Nielsen was verified as Mr. Kelly’s lasting successor.

The revelation was built by Elaine Duke, who took above the job for the duration of John F. Kelly’s changeover to White House Main of Personnel in 2017

'The president's initial ideas were more of as a businessman, you know,' she recalled of Trump's comments regarding Puerto Rico. 'Can we outsource the electricity? Can we sell the island? You know, or divest of that asset?'

‘The president’s first concepts have been much more of as a businessman, you know,’ she recalled of Trump’s comments pertaining to Puerto Rico. ‘Can we outsource the electricity? Can we promote the island? You know, or divest of that asset?’

The former acting secretary of homeland security joins a expanding record of former senior officers disgruntled by Trump’s erratic nature when handling his presidency, the New York Instances reports. 

Duke was particularly taken aback when the president produced the recommendation to offer the island. 

‘The president’s initial suggestions have been additional of as a businessman, you know,’ she recalled. ‘Can we outsource the electrical power? Can we offer the island? You know, or divest of that asset?’ 

The lifelong Republican did include that Trump hardly ever seriously discussed promoting Puerto Rico right after that remark. 

Duke fondly remembers passing out water to homeless people in the city of Ponce, Puerto Rico, following the aftermath of Hurricane Maria

Duke fondly remembers passing out water to homeless people today in the town of Ponce, Puerto Rico, subsequent the aftermath of Hurricane Maria

Duke served in the administration as Hurricane Maria struck but also as the Trump administration imposed a vacation ban on mainly Muslim nations and finished DACA.

Though Duke was in favor of some of the president’s actions to tighten immigration stability, she expressed disappointment that Trump’s information went from ‘America First’ to ‘America Only.’  

Duke fondly remembers passing out water to homeless folks in the town of Ponce, Puerto Rico, adhering to the aftermath of Hurricane Maria. But she was not thrilled by sentiments expressed by Trump and his aides. 

As Hurricane Maria produced its way towards Puerto Rico, Duke argued for an crisis declaration in advance of it made landfall. But she claimed Mick Mulvaney, then the funds director, pushed again at the thought.  

Acting Homeland Secretary Elaine Duke, center, is briefed on the Hurricane Maria response during a flight to Puerto Rico

Performing Homeland Secretary Elaine Duke, middle, is briefed on the Hurricane Maria reaction in the course of a flight to Puerto Rico

‘Quit currently being so emotional, Elaine, it’s not about the people, it truly is about the funds,’ she claimed Mulvaney instructed her. 

Mulvaney denied making the remarks.  

‘I never manufactured such a remark,’ he explained to the Situations. ‘My practical experience with the performing director was that she not often bought nearly anything suitable at D.H.S. At the very least she’s constant.’

Whilst she was delighted the president would afterwards convey sympathy for Puerto Rico, she grew disappointed when Trump engaged in back again and forth with area politicians from the island on Twitter.   

It is estimated at least 2,975 people died on the island during Hurricane Maria, which caused the longest power outage in U.S. history on the island

It is estimated at minimum 2,975 men and women died on the island during Hurricane Maria, which induced the longest energy outage in U.S. history on the island

‘My assumed method for both equally sides is all the unfavorable power is a distraction,’ she mentioned. 

Duke felt that she was generally outside the house the core group of White Residence advisers.  

‘There is a singular check out that power is necessarily mean,’ she claimed, ‘that any kind of skill to collaborate, or not be indignant is a weak spot.’

The former senior official is now unclear on whether or not she designs on voting for Trump once again. 

‘That’s a really hard query,’ she reported. ‘But offered the decisions, I never know nonetheless.’ 

It is approximated 2,975 people died in the storm that still left the island with out contemporary, managing drinking water and no electric power in the longest energy outage in U.S. record. Nevertheless, controversy surround formal tolls of the lives shed throughout the hurricane. 

The time Trump got offended at Denmark right after they rejected his provide to buy Greenland 

Final August, Donald Trump repeatedly asked his advisers with ‘varying levels of seriousness’ if it would be achievable for the U.S. to acquire the autonomous Danish territory, two resources explained to the Wall Avenue Journal.

‘What do you fellas believe about that?’ Trump questioned a desk of aides about the island order very last spring, a supply stated. ‘Do you assume it would do the job?’

On top of that, Republican Senator Tom Cotton of Arkansas, a near Trump ally on Capitol Hill, also is fascinated in purchasing Greenland.

Cotton raised the idea in August 2018 when Danish Ambassador Lone Dencker Wisborg dropped by his Senate business, The Atlantic noted. Cotton also reviewed the idea with Trump – even though no time body was offered for when that discussion took area.

Donald Trump cancelled a last year meeting with Prime Minister Mette Frederiksen because she refused to talk about potentially selling Greenland

Frederiksen slammed Trump's interest in Greenland as 'absurd' saying 'Greenland is not for sale' on Sunday

Donald Trump has cancelled his past yr conference with Denmark’s Key Minister Mette Frederiksen due to the fact she refused to discuss about perhaps promoting Greenland

Greenland’s authorities insisted that it was not for sale, with Danish Primary Minister Mette Frederiksen calling the program to get ‘absurd’.

That angered Trump, who said that Frederiksen was remaining horrible and cancelled his trip to Denmark that was scheduled two weeks following the August remarks.   

‘I imagined that the primary minister’s assertion that it was absurd – that it was an absurd idea – was nasty. I thought it was an inappropriate assertion. All she experienced to do is say no, we would not be intrigued,’ he informed reporters on the South Lawn at the time.

He frequently went back again to her phrase ‘absurd’ when requested about American-Danish relations following officers refused to consider his present to acquire the world’s largest island – and complained Frederiksen could not deal with the U.S. that way.

Trump originally said Greenland was not the reason for his trip to Denmark

Trump initially explained Greenland was not the rationale for his vacation to Denmark

‘She should not address the United States that way. She stated absurd. That’s not the right term to use. Absurd,’ he reported of Frederiksen’s reaction to but Greenland, which is an autonomous Danish territory.

‘I assumed it was an inappropriate statement. All she had to do is say no, we wouldn’t be interested,’ he added.

‘I considered it was a really not pleasant way of saying one thing. They could have instructed me no,’ he explained. ‘All they had to do is say, no, we would relatively not do that or we would fairly not converse about it. Don’t say what an absurd notion that is.’

Queen Margrethe II and the royal home expressed shock at the sudden cancellation, which was announced on Twitter in standard Trump style, when other well known Danish politicians explained it as ‘deeply insulting’.   

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Coronavirus Effects: Towns force back immediately after Alameda County suspends outdoor eating less than new California suggestions

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Coronavirus Impact: Cities push back after Alameda County suspends outdoor dining under new California guidelines
ALAMEDA COUNTY, Calif. (KGO) — In the East Bay, it is really a big phase back again for reopening designs in Alameda County. Advice from the state is forcing the county to shut down outside dining right away — but not every person is prepared to comply.

Octavio Guzman owns La Penca Azul in Alameda. He states retaining his restaurant afloat hasn’t been straightforward, in particular in Alameda County exactly where outdoor eating is now off the desk, suspended less than a thirty day period after it was authorized to reopen.

“It truly is really baffling, factors transform right away,” stated Guzman.

Outside eating was permitted beneath Alameda County overall health rules, but the county announced the state’s tightening of restrictions Friday night time. Dining places, wineries and bars can only offer you travel-thru, decide up or supply less than the condition purchase.

Below the county’s reopening approach, outdoor dining, alongside with retail enterprises and summer schools, had been permitted to reopen on June 29.

The state’s advice prohibits outside eating in non-variance counties, which includes Alameda County.

Outside dining was nevertheless happening at Ole’s Waffle Store in Alameda but Robin Wright and her buddies who get the job done in food service weren’t pleased.

“If we are reducing back again on outside dining, servers and bartenders may possibly have to go again attempting to count on the government for unemployment,” reported Wright.

Linked: Oakland’s Fairyland in money hassle, doubtful of reopening amid coronavirus pandemic

Ken Monize had just opened his outside patio but is now getting rid of most of the tables.

“Its absolute chaos, I’m not confident what we’re heading to do, but I can tell you our management below is incompetent,” mentioned Monize.

Ken Monize is pondering about his next go probably out of the county. “I may well relocate, I may perhaps run for mayor, but we require a transform,” Monize explained.

View: Alameda restaurant entrepreneurs categorical aggravation just after county orders suspension of out of doors dining

Other cities are picking to defy the get.

The city of Hayward issued this statement, “The Metropolis of Hayward intends to go via with the street closure function as planned and will support regional places to eat who choose to participate- regardless of whether by giving out of doors eating provider or just takeout assistance.”

Livermore and Dublin won’t remove outside eating possibly.

Some city leaders like John Marchand, mayor of Livermore, suggests that is not a legal buy and are proceeding with the avenue closures to permit out of doors eating.

“To get a push release, not an formal order, but a push launch late Friday night is seriously inconsistent and really unfair to the companies that actually made a considerable investment decision,” Marchand explained.

“We had planned to near To start with Avenue, we are not going to adjust individuals plans mainly because those people strategies, as I realize it, are nevertheless dependable with the legal orders that are in location,” Marchand included.

Associated: Berkeley epidemiologist ‘cautiously concerned’ above rise in COVID-19 conditions in Alameda County

Sapporo Japanese Cuisine is a family members-owned enterprise in Livermore and the planned occasion to shut down the streets make it possible for them to set tables out for their buyers.

Nicholas Yoo, the supervisor, explained customers have been contacting and messaging them bewildered on regardless of whether they’re open up for outside eating or not.

“Incredibly last minute, incredibly unorganized, and just brought on a whole lot of confusion,” Yoo explained.

Yoo claimed a few city council users frequented to individually present their assistance.

“Mark Salinas did arrive and other customers of the city as properly and they dropped off distinct gifts and just gave us verbal aid. It was good to see that little affirmation from the council users on their own and they bodily arrived in and they walked by and gave their particular aid,” Yoo explained.

COVID-19 Threat CALCULATOR: Quiz by yourself on the most secure, most risky matters you can do as California reopens

Close to the corner on B Street, operator Michale LeBlanc of Playt Restaurant and Bar explained he was so perplexed, he didn’t know if he’d even open after months of organizing.

“I did not know if I was heading to open up up nowadays till maybe 30 to 40 minutes beforehand,” LeBlanc explained.

He introduced in employees and bought further foodstuff.

“We acquired food stuff, we acquired further meals I kinda changed the menu up just a minor bit. I bought umbrellas, I bought umbrella stands I bought trash cans, I received plates,” LeBlanc stated.

LeBlanc explained he’s not upset simply because the county and every person is just seeking out for everyone’s health, but he desires far better interaction.

“I am hoping that the town, point out, county – they all get collectively based on what took place this weekend and we have some very clear pointers as we go into future weekend,” LeBlanc reported.

Life Soon after COVID-19: Here’s what eating places, gyms, faculties, sports will glimpse like when they reopen

An Alameda County spokesperson explained in a assertion Saturday:

“We are shifting towards getting a variance from the condition and a letter of assistance for a variance is on the agenda for up coming Tuesday’s supervisors meeting.”

As of Saturday afternoon, Alameda County experienced 7,725 constructive cases of COVID-19, the optimum quantity of situations of any county in the Bay Spot.

CALIFORNIA REOPENING: Here is what is open, closed in Bay Location

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