Oil hits $100 due to Suez supply fears

first_imgMonday 31 January 2011 9:26 pm whatsapp Show Comments ▼ KCS-content Oil hits $100 due to Suez supply fears whatsappcenter_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsUndoTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo Share More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org OIL surged over $100 a barrel for the first time in more than two years yesterday as investors feared the turmoil engulfing Egypt could disrupt shipments passing through the Suez canal and impact supply. Brent crude for March, the global benchmark, leapt by $1.59 to settle at $101.01 a barrel – the highest since Lehman Brothers’ collapse in September 2008 – as the protests against President Hosni Mubarak’s regime intensified.While Egypt is not a major oil-producing country, its Suez Canal is a crucial passageway linking the Red Sea and the Mediterranean through which an estimated two million barrels of oil pass through each day – roughly equivalent to the daily oil output of Iraq.Oil cartel OPEC secretary general Abdullah Al-Badri yesterday tried to reassure markets by saying it would up supply if there was a real shortage, but reiterated that the Suez, which is patrolled by armed guards, remains open with shipping uninterrupted.“We are trading on fear,” said Tom Bentz, a broker at BNP Paribas Commodity Futures in New York. Analysts said that the main concern was that the unrest in Egypt, which follows upheaval in Yemen and Tunisia, could spark turmoil in the Middle East and crucial oil producing regions such as Saudi Arabia – the world’s largest oil exporter. “2011 is already turning out to be a year when it would be risky to get heavily involved in the oil market without maintaining a fairly strong focus on the key geopolitical developments,” said BarCap in a note.Stock exchanges were also rattled by Egypt’s woes with major markets in Asia and Europe falling. Japan’s Nikkei fell 1.1 per cent, London’s FTSE 100 dropped 0.31 per cent to 5,862.94, and Germany’s DAX slipped 0.36 per cent to 7,077.48. The Bank for International Settlements data showed yesterday that French banks were the most exposed to Egypt, being owed £11bn in total by the Egyptian government and companies, with UK banks owed £6.7bn.Violent clashes saw the death toll in Egypt reach over 100 yesterday and local and foreign travel companies have suspended all outgoing trips as tourists rush to evacuate the country. HSBC, which has a total of 100 branches in 13 cities in Egypt, said yesterday it will remain under lockdown for a third day today, maintaining customer access via the Internet and phone. last_img read more

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Irish problem gambling cases hit record high in 2018

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Topics: Legal & compliance Sports betting 23rd August 2019 | By Daniel O’Boyle The number of people in Ireland treated for problem gambling has reached a record high of 257 in 2018, according to provisional figures from the Health Service Executive. However authorities warn that the figure represents only a small portion of the country’s problem gambling cases. Subscribe to the iGaming newsletter The number of people in Ireland treated for problem gambling has reached a record high of 257 in 2018, according to provisional figures from the Health Service Executive, the body responsible for the provision of health and personal social services.The total is the highest since records began in 2011, when gambling was first listed as a problem “substance” by the Health Research Board, alongside alcohol and illegal drugs.The figure represents a 17.4% increase from 2017 and eclipses the previous high of 222, set in 2012. The number of cases treated in 2011 was 181, which remains a record low, while the average number between 2011 and 2017 was 201.The figures, which are still to be finalised, were revealed by National Planning Specialist Joseph Doyle in response to a parliamentary question from Sinn Fein TD Louise O’Reilly.However, Doyle stressed that as reporting treatment for gambling to the National Drug Treatment Reporting System (NDTRS) is optional, the figures represented only a small portion of problem gambling cases in Ireland and should not be taken as representative of the total number of problem gamblers in the country.Doyle added that through the first four months of 2019, there were 82 cases assessed and treated in which gambling was main problem, meaning the total cases for the year is on track to end up slightly below 2018’s figures, but ahead of every other year.In June, the Gaming and Lotteries (Amendment) Bill 2019, Ireland’s placeholder legislation for the country’s betting and gaming sector, progressed to the committee stage in Dáil Éireann. The bill will set maximum gaming machine stakes and prizes at €10 and €750 respectively and formally impose age restriction of 18 years on betting and gaming products.However it will then be replaced by the Gambling Control Bill, which will establish a new legislative framework for the industry, and see the country’s first independent regulatory authority created. In May Minister of State David Stanton estimated that it would take up to 18 months for the bill to be fully drafted and passed into law. Tags: Online Gambling Regions: UK & Ireland Irish problem gambling cases hit record high in 2018 Legal & compliancelast_img read more

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