LONDON: The proposal was always going to be met with equal embrace and resistance. Saudi Arabia’s request that “a feasibility study to be carried out on the impact” of hosting the men’s and women’s World Cup every two years instead of four be put to FIFA’s annual meeting of all its 211 members on Friday has already been automatically dismissed in some parts of the world but
SARAJEVO: Bosnia on Wednesday detained a former coach of Croatian football team Dinamo Zagreb on an international arrest warrant over a multi-million-euro fraud, police sources said. Zoran Mamic resigned from his job at the reigning Croatia champions in March after being sentenced to four years and eight months in jail for fraud involving player transfers, including the move
DUBAI: French-Algerian model and boxer Younes Bendjima has launched a charity T-shirt through his Paris-based design agency, Studio Fy7, to raise funds for the Palestinian families affected by the ongoing Israeli airstrikes in Gaza. All the profits from the T-shirt will be donated to Lifeblood Foundation and Middle East Children’s Alliance, two organizations working to deliver
DUSHANBE: Russia said on Wednesday it had offered to help mediate demarcation negotiations after Armenia accused Azerbaijan of a border incursion. Armenia has accused Azerbaijan of sending troops across the border last week, highlighting the fragility of a Russian-brokered cease-fire that halted six weeks of fighting between ethnic Armenian and Azeri forces last year.
5/19/2021 2:36:32 PM GMT | By Eren Sengezer
Crude Oil Stocks Change in the US was +1.3 million barrels in the week ending May 14, the weekly report published by the US Energy Information Administration (EIA) revealed on Wednesday. Analysts estimate was for an increase of 1.6 million barrels.
Market reaction
Crude oil prices showed no immediate reaction to this report and the barrel of West Texas Intermediate was last seen losing 3.6% on a daily basis at $62.90.
Additional takeaways US crude oil refinery inputs averaged 15.1 million barrels per day during the week ending May 14, 2021, which was 96,000 barrels per day more than the previous week’s average.