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Oil Rally Takes Breather On Small Crude Draw

Nigeria s UTM orders FLNG studies

Nigeria s UTM orders FLNG studies May 12, 2021 9:50:am Summary It would be the first FLNG to be deployed in the west African state and would bring an end to NLNG s monopoly over the country s LNG exports. by: Joseph Murphy Nigeria s UTM Offshore has hired Japan s JGC and US firm KBR to study its plan for a floating LNG project, capable of exporting up to 176mn ft³/day (1.8bn m³/yr) of gas. UTM signed. Posted in:

US sends diplomat to try to quell Israeli-Palestinian violence

The violence has appeared to catch the Biden administration off guard as it pursued other priorities. In remarks welcomed by Prime Minister Benjamin Netanyahu, Secretary of State Antony Blinken defended Israel’s right to protect itself and condemned rockets fired by Hamas, the Islamist group that controls the Gaza Strip. He also said Israel had a particular obligation to avoid civilian casualties. Israel said it killed 16 members of the Hamas armed wing in Gaza in a barrage on Wednesday. At least 56 people have been killed in Gaza since violence escalated on Monday, according to the enclave’s health ministry. Six people have been killed in Israel, medical officials said.

UN peace envoy warns of all-out war as Israeli bombardment of Gaza continues

GAZA CITY: The UN’s Middle East peace envoy on Wednesday warned of “all-out war” unless there was an “immediate ceasefire” as Israel’s bombardment of the Gaza Strip saw a dramatic rise in the Palestinian death toll. Loud explosions continued throughout the day as Israel pounded Hamas targets and forces in Gaza responded by launching hundreds of rockets deep into Israeli territory. The Palestinian Ministry of Health said that at least 56 people had so far been killed, including 14 children, five women, and an elderly man, while more than 335 had been injured. In a statement, Tor Wennesland, UN special coordinator for the Middle East peace process, said: “Cease fire immediately. We are escalating toward an all-out war. Leaders on all sides must take responsibility for de-escalation.

Dubai hotel room rates highest in three months

DUBAI: Hotel room rates in Dubai hit a three-month high in April according to the latest data from STR. The average daily rate was 576 dirhams ($157) for the month, according to preliminary data, which was the highest since January. Occupancy stood at 59.7 percent, slightly lower than in March where the rate was at 60.5 percent, the research company said. Revenue per available room, a key performance measure calculated by multiplying a hotel’s average daily room rate by its occupancy rate, was at 343.94 dirhams, only slightly higher than 329.84 dirhams month-on-month. Daily occupancy remained in the 50 percent range throughout the April Ramadan period, STR said.

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