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Australia has gained enough international support to avoid UNESCO listing the Great Barrier Reef as an “in danger” World Heritage site, with 12 other countries supporting its move to delay the decision until 2023.
The United Nations Educational, Scientific and Cultural Organisation controls World Heritage listings and the 21 countries currently on its World Heritage Committee voted in June to back a draft ruling that the reef was in danger of losing its World Heritage status due to concerns over water quality and the impacts of climate change.
Sussan Ley appears to have gained enough support from UNESCO’s World Heritage Committee to block the Great Barrier Reef being listed as ‘in danger’.
By Sonali Paul MELBOURNE (Reuters) - Oil prices fell on Wednesday after an industry report showed an unexpected build-up in U.S. oil inventories last week, which heightened worries about a resurgence in COVID-19 infections potentially dampening fuel demand. U.S. West Texas Intermediate (WTI) crude futures dropped 35 cents, or 0.5%, to $66.85 a barrel at 0153 GMT, after rising $1 on Tuesday. Brent crude futures fell 32 cents, or 0.5%, to $69.03 a barrel, giving up some of Tuesday s 1.1% gain. The market has come under a bit of downward pressure in early morning trading today after a bearish and rather surprising inventory report from the API, ING Economics analysts said in a note referring to weekly figures from the American Petroleum Institute.
Oil resumes drop as supply concerns weigh tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
FRANKFURT, June 28 (Reuters) - German crude oil imports in January through April fell 10.8% year on year as the COVID-19 pandemic and related lockdowns hit industry but year-on-year losses were lower than in January-March as the economy started to improve, official data showed.
Oil volumes in the four months fell to 24.8 million tonnes from 27.8 million in the same months of 2020, statistics from the BAFA foreign trade office showed.
Russia accounted for 35.5% of Germany’s oil imports in the period, followed by 21.9% from the British and Norwegian North Sea, while imports from members of the Organization of the Petroleum Exporting Countries (OPEC) contributed 15.0%.
Oil retreats on surprise rise in US stocks, weakening demand outlook arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.