Нафта продовжує обвал: мінус 10% за травень

На світовому ринку нафти триває зниження котирувань, у травні ціни знизилися більш як на 10%. Аналітики називають травень 2019 року найгіршим для нафти за останні сім років. Ціни продовжили знижуватися і на початку першої торговельної сесії червня. У понеділок в Азії котирування впали ще більш як на 1%, станом на 8:15 за Києвом барель Brent оцінюється в 61 долар 16 центів. Ще в третій декаді квітня ціни сягали 75 доларів за барель. Причиною зниження котирувань фахівці називають стурбованість щодо попиту на тлі імовірного уповільнення світової економіки, викликаного торговельними війнами між країнами. …

Mexican President Urges Oil Independence Amid US Trade Tensions

Mexican President Andres Manuel Lopez Obrador reiterated on Sunday the need for oil independence as his government said it would tender six construction contracts in June for a planned oil refinery in the southern state of Tabasco. Tensions between Mexico and the United States have been running high in recent days after President Donald Trump threatened to impose punitive tariffs on Mexican goods unless Mexico halts a surge in illegal migration. “We, our children and grandchildren aspire to live in a free, independent, sovereign country and we do not want to be a colony of any foreign country,” Lopez Obrador told a cheering crowd at an event to mark the start of the refinery’s construction. “The most important thing at this moment in time is producing petroleum,” he added, saying the country needed to work toward “energy self-sufficiency.” Much of Mexico’s gasoline need is met by U.S. imports, and Lopez Obrador wants Mexico to be able to cover its own demand. “We have, I repeat, a good relationship with the United States, and with all governments in the world, but we do not want to be exposed and therefore it’s important that we are self-sufficient,” the president added. Lopez Obrador has used similar language in the past when talking about oil, but his comments were lent extra weight because of the recent flare-up in tensions with Trump. At the event, he repeated his desire to have good relations with Trump, but was at pains to say that maintaining the friendship …

China Blames Washington for Trade Talks Breakdown

Joyce Huang contributed to this report. China says Washington bears the “sole and entire responsibility” for the breakdown in trade talks earlier this month and that Beijing won’t back down on matters of principle. In a defiant rebuttal of who is to blame, China released a white paper Sunday, arguing that it is the United States that has backtracked in the talks and that tariffs will not resolve the two country’s trade issues. Since talks broke down earlier this month, Beijing has doubled-down, issuing its own tit-for-tat tariffs in response to Washington’s increase to 25% of a tax on $200 billion in Chinese goods. Beijing has also been stepping up anti-American propaganda through state media. On Friday, China’s Commerce Ministry announced the establishment of a “non-reliable entity list.” That move was a response to Washington’s ban on the sale of American made goods to Huawei and 68 of its affiliates. The ban is expected to go into effect in less than 90-days. Speaking at a press conference on Sunday, China’s vice minister of commerce Wang Shouwen said it was Washington, not Beijing that was backpedaling. “If the U.S. side wants to use extreme pressure, to escalate trade friction, to force China to submit and make concessions, this is absolutely impossible,” he said. Wang is a member of China’s trade negotiating team. Speaking to reporters, he said that by announcing a decision to raise tariffs earlier this month while talks were ongoing and then later launching procedures for tariffs to cover …

Tornadoes, Floods Clobber US Midwest

Hundreds of tornadoes and widespread floods have ravaged the U.S. Midwest and Great Plains states over the past couple of weeks. The flooding is breaking some weather records, and at least 38 people have been killed by tornadoes in the United States so far this year. Blame climate change? Scientists have been studying possible links between climate change and the frequency and ferocity of tornadoes. Villanova University professor Stephen Strader says it is not yet clear how much influence the warming atmosphere and other changes have on these deadly storms. In a VOA interview, the extreme weather scientist said, “We’re not there from a scientific standpoint, yet.” He said it does seem likely, but not certain, that we will see more severe weather of various kinds in the future. Flooding National Weather Service (NWS) meteorologist Andy Foster in Kansas City, Missouri, says there has been “major record flooding” across much of the central U.S. He told VOA that heavy snow cover melted and combined with large amounts of rain from “multiple storm systems” saturated the ground and caused river flooding. Foster said when still more major storms brought “copious amounts” of rain, there was nowhere for the water to go, sparking flash floods in several states, inundating roads, towns and farmland. Storms that led to flooding also included an unusual flurry of tornado activity. Tornadoes U.S. records show that destructive and deadly twisters are common during the spring months, particularly in an area called “Tornado Alley,” which covers several Midwestern states. …

Breast Cancer Drug Shows Promise

A new form of drug drastically improves survival rates of pre-menopausal women with the most common type of breast cancer, researchers said on Saturday, citing the results of an international clinical trial.  The findings, presented at the annual meeting of the American Society of Clinical Oncology in Chicago, showed that the addition of cell-cycle inhibitor ribociclib increased survival rates to 70 percent after 3½ years. The mortality rate was 29 percent less than when patients were randomly assigned a placebo. Lead author Sara Hurvitz told AFP the study focused on hormone receptor-positive breast cancer, which accounts for two-thirds of all breast cancer cases among younger women and is generally treated by therapies that block estrogen production. “You actually can get synergy, or a better response, better cancer kill, by adding one of these cell-cycle inhibitors” on top of the hormone suppression, Hurvitz said. The drug works by inhibiting the activity of cancer-cell promoting enzymes known as cyclin-dependent 4/6 kinases. The treatment is less toxic than traditional chemotherapy because it more selectively targets cancerous cells, blocking their ability to multiply. An estimated 268,000 new cases of breast cancer are expected to be diagnosed in women in the U.S. in 2019, while the advanced form of the disease is the leading cause of cancer deaths among women aged 20 to 59.  Growing menace Though advanced breast cancer is less common among younger women, its incidence grew 2 percent per year between 1978 and 2008 for women aged 20 to 39, according to a previous study.  The new trial, which …

Momentum Toward Trade Deal Hits Trump Turbulence

The Trump administration had taken steps in recent weeks to work with Democratic and Republican lawmakers to address concerns about the proposed United States-Mexico-Canada trade agreement — and then came the threat of a new tariff. President Donald Trump said this past week that he would put a 5% tariff on Mexican imports unless America’s southern neighbor cracked down on Central American migrants’ efforts to cross the U.S. border.      His recent decision to remove U.S. tariffs on steel and aluminum imports from Canada and Mexico had appeased mostly Republicans who were using their trade votes as leverage to do away with those penalties.    The administration also had committed to meeting with a group of House Democrats to allay their concerns. That gesture created goodwill, and as House Speaker Nancy Pelosi, D-Calif., described it, put Democrats “on a path to yes.”    Now it’s unclear where that path may lead.  ​Jobs at stake   Influential business groups fear that Trump’s threat against Mexico could derail the proposed trade agreement.    “The last thing we want to do is put that landmark deal — and the 2 million manufacturing jobs that depend on North American trade — in jeopardy,” said Jay Timmons, president and CEO of the National Association of Manufacturers.    The U.S. Chamber of Commerce said it was considering legal action to block the tariffs from going into effect.      Some GOP senators are rankled, too, most notably Charles Grassley of Iowa, chairman of the Senate Finance Committee.    …

Mexico’s President Hints Migration Controls Could Be Tightened

VOA News Center associate producer Jesusemen Oni contributed reporting from Washington.  Mexico’s president suggested Saturday that his country could clamp down on migration, and he said he thought the United States was ready to discuss its threatened use of tariffs as a means to combat illegal migration from Central America. President Andres Manuel Lopez Obrador said at a Mexico City news conference that “there is willingness on the part of U.S. government officials to establish dialogue and reach agreement and compromises.” His comments came ahead of talks in Washington next week, and Obrador said he said he expected “good results.” He added that Mexico was willing to “reinforce” existing “measures without violating human rights.” Mexican Foreign Minister Marcelo Ebrard said Friday that he began negotiating with U.S. officials after U.S. President Donald Trump threatened to impose tariffs on Mexican products related to the migrant surge at the border. Ebrard said on Twitter that he had spoken to U.S. Secretary of State Mike Pompeo by phone and said face-to-face talks between the two would take place Wednesday in Washington. “We will be firm and defend the dignity of Mexico” at the talks, Ebrard said. Obrador also responded Friday to the U.S. tariff threats with caution, urging “dialogue” over “coercive measures.”    “I want to reiterate that we are not going to fall into any provocation. But we are going to be prudent, and we are going to respect the authorities of the United States and President Donald Trump,” Obrador said.   That statement followed a two-page letter to Trump made public late …

Coal Industry’s Survival in Question as Companies Go Green 

You know things are not going well for your industry when one of your best customer gives a keynote speech at your annual conference to talk up your competition. At the Virginia Coal and Energy Alliance’s 40th Annual Conference in May, electric utility Dominion Energy highlighted the company’s agreement with Smithfield Foods to generate electricity from hog waste. “That’s right,” Dominion lobbyist James Beamer told the coal crowd, “Hog poop to green energy.” Speakers from both main utilities at the conference said they have big plans for renewable energy, and they aim to reduce their emissions of planet-warming carbon dioxide 80% by 2050.  None of this was good news for coal, the most carbon-heavy fuel for power generation. Saturday marks the two-year anniversary of President Trump’s announcement that the United States would withdraw from the Paris climate agreement. But momentum to combat climate change continues anyway. But it’s not enough. Greenhouse gas emissions continue to rise in the United States and globally, putting the world farther and farther from the goal set in Paris to avoid catastrophic climate change. Gloom in coal country Beamer told the crowd at the Virginia coal conference that Dominion’s biggest upcoming investment in coal country would be a storage facility for renewable power. The company plans to build 3 gigawatts of solar by 2022 and a pioneering offshore wind project, he added.  Although the Trump administration has acted to loosen regulations on mining and burning coal for power, utilities aren’t interested. Since 2010, 289 coal-fired …