Fojusi News

Witnesses: 2 die as Muslim protesters clash with police in Kabul

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Smoke rises as Afghan police stand guard in Kabul after Muslim protesters clash with security leaving two dead. Nathan Frandino reports.

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January 31, 2015 |

OPEC Oil Output Rises In January As Key Members Stand Firm

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OPEC

OPEC’s oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a sign key members are standing firm in refusing to prop up prices.

The Organization of the Petroleum Exporting Countries at a November meeting decided to focus on market share rather than cutting output, despite concerns from members such as Iran and Venezuela about falling oil revenue.

Supply from OPEC has averaged 30.37 million barrels per day (bpd) in January, up from a revised 30.24 million bpd in December, according to the survey based on shipping data and information from sources at oil companies, OPEC and consultants.

At the Nov. 27 meeting, OPEC retained its output target of 30 million bpd, sending oil prices to a four-year low close to $71 a barrel. Crude since fell to a near six-year low of $45.19 on Jan. 13 and was trading above $49 on Friday.

OPEC Secretary General Abdulla al-Badri, speaking in London on Monday, defended the no-cut strategy and said prices may have reached a floor, despite oversupply. Other OPEC delegates have since echoed this message.

“Prices are stabilizing,” said a delegate from a Gulf producer. “But the world economy is not very strong and stocks are too high.”

The largest boost this month has come from Angola, which pumped 1.80 million bpd and exported about 57 cargoes, up 160,000 bpd from December. Output would have been higher without some cargo delays, including of new crude Sangos.

OPEC’s other West African producer, Nigeria, also managed to boost exports, the survey showed, although the increase was restrained by outages of the Forcados and Nembe Creek pipelines.
Smaller increases have come from Kuwait, Qatar and the United Arab Emirates.

The post OPEC Oil Output Rises In January As Key Members Stand Firm appeared first on       

January 31, 2015 |

My Govt. Has Brought Peace and Stability To Oyo state – Gov. Ajimobi

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Ajimobi

The Governor of Oyo state, Abiola Ajimobi says his administration has been able to bring peace, stability and tranquility to Oyo state adding that he strongly believes he would be given a second chance.

Governor. Ajimobi who wants to run for a second term in office said his government is the only one that has assisted and supported traders, market women amongst others.

He made this known while speaking as a guest on Channels Television’s Sunrise, the Governor explained that Ibadan, Oyo state capital was regarded as one of the dirtiest cities in Nigeria, so his govt. decided that traders trading on the road should be removed, for safety commercial and environment reasons.

Governor Ajimobi recounting his achievement for the state, said his administration has so far created an alternative for traders who were trading on the main road such as modern markets with facilities, toilets, water and money to trade…”As at today my govt has disbursed N356Million with no interest to traders and market men, women”.

He further noted that other government never gave alternatives from 2003-2007 people were removed from certain areas without given alternatives, 2007-20011 people were also removed from the streets, “it is only my government that has provided alternatives”.

The post My Govt. Has Brought Peace and Stability To Oyo state – Gov. Ajimobi appeared first on Channels Television.

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January 31, 2015 |
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