The world’s top oil exporter, Saudi Arabia, saw its crude oil exports in June drop to their lowest on record at just below 5 million barrels per day (bpd), as OPEC’s de facto leader led efforts from the OPEC+ group to withhold a record amount of crude from the market in response to the crash in demand.
According to data from the Joint Organisations Data Initiative (JODI), Saudi Arabia’s crude oil exports plunged by 17.3 percent in June compared to May, to stand at 4.98 million bpd.
Since March this year, Saudi crude oil exports have diverged a lot from the latest five-year range, jumping to more than 10 million bpd in April, when the Kingdom made good on its promise to flood the market with oil after the collapse of the previous OPEC+ deal. Saudi Arabia exported a record 10.237 million bpd in April 2020, up from 7.391 million bpd in March, JODI data showed earlier this year.
In May, Saudi crude oil exports plunged to 6.02 million bpd from more than 10 million bpd in the previous month, after OPEC+ reached a new deal to prop up the market and erase the glut that was building while global demand was crashing by 20 million bpd in April.
June was also the month in which Saudi Arabia voluntarily slashed its oil production by an additional 1 million bpd on top of the 2.5 million bpd it was supposed to cut.
Total Saudi oil exports, including crude oil and oil products, fell further month-on-month in June – by 1.41 million bpd to 6.07 million bpd, according to the data released by the JODI database, which collects self-reported figures from 114 countries.
Despite the easing of the OPEC+ cuts as of August 1, Saudi Arabia has signaled it would not rush to ramp up its crude oil exports significantly this month.
By Tsvetana Paraskova for Oilprice.com
More Top Reads From Oilprice.com:
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
Alberta reports more than 100 COVID-19 cases for 16th straight day – CTV Edmonton
Alberta reported 153 cases of COVID-19 Friday as active infections increased to 1,497.
The province has added more than 100 cases every day since Sept. 9, when it reported 98 new cases.
Fifty-six Albertans are being treated for the coronavirus in hospital, including the 14 patients who are in intensive care.
Alberta did not report new deaths Friday, keeping the total at 261.
The Edmonton zone continues to have more than half of Alberta’s count with 786 confirmed cases, while the Calgary zone has 518.
Alberta has reported 17,343 cases of COVID-19 to date.
Alberta reports 153 new cases of COVID-19, no new deaths – CBC.ca
Alberta reported 153 new cases of COVID-19 Friday bringing the number of active cases in the province to 1,497, up 35 from the day before.
A total of 56 people were being treated in Alberta hospitals for the illness, including 14 in intensive care.
No deaths were recorded leaving the number at 261.
Three more outbreaks at schools — Calgary’s Clarence Sansom and Glenmeadows schools and Elsie Yanik Catholic School in Fort McMurray — have been reported, bringing the number of schools with outbreaks to 35.
Outbreaks are declared when a school has two or more cases.
Five schools, with five or more cases, are on a provincial ‘watch’ list. Four of those schools are in Edmonton, with Centre High the most recent addition.
The regional breakdown of active cases was:
- Edmonton zone: 786 up 13 from the day before.
- Calgary zone: 518 up 23 from the day before.
- North zone: 129 down one from the day before.
- South zone: 41, up one from the day before.
- Central zone: 16, down three from the day before.
- Unknown: seven, up two from the day before.
To date 968,031 Albertans have been tested for the coronavirus. So far 15,585 have recovered from the disease.
Two more nooses found at construction site at Michael Garron Hospital – CP24 Toronto's Breaking News
Chris Fox, CP24.com
Published Friday, September 25, 2020 11:43AM EDT
Last Updated Friday, September 25, 2020 12:27PM EDT
Two more nooses were found at a construction site at Michael Garron Hospital on Thursday, prompting its president and CEO to release a statement expressing her shock and anger at what she says is clearly “a systematic problem.”
There have been at least four separate incidents so far this summer in which nooses have been left hanging at construction sites in the city, including another one at the Michael Garron worksite in June.
The incidents prompted Mayor John Tory to holds a series of meetings with executives and union leaders from the construction industry earlier this summer in which he challenged them to take action to address anti-Black racism within the sector.
The latest incident, however, casts a shadow over those efforts.
“This pattern indicates a systemic problem. Although we have been reassured by the efforts made by EllisDon and others to address racism in the construction industry, it is clear that they need to do better,” Michael Garron Hospital President and CEO Sarah Downey said in a statement issued Friday. “I am committed to addressing systemic and overt racism within our organization and the health sector and will hold EllisDon and all of our partners accountable to do the same.”
Downey said that the latest “despicable acts of racism” at the work site are particularly disheartening given the efforts the hospital went to in June to help the community recover, which included the staging of a “healing ceremony” before the final structural beam was erected in its new building.
She said that viewed through that lens, what happened on Thursday can only be described as “an overt attempt to dismantle the reconciliation work our community and our hospital has done to heal.”
For its part, EllisDon told CP24 in a statement that it immediately contacted police after becoming aware of the latest incident and will also be conducting its own investigation.
As well, the company says that members of its senior leadership team will be visiting the site today to “address the project team and condemn these actions.”
“We strongly condemn all acts of racism and we stand by our Black employees, subtrade workers and local community members,” the statement reads.
In a series of messages posted to Twitter on Friday morning Mayor John Tory said that he is “deeply concerned” with the latest incidents at the Michael Garron worksite, noting that “this blatant hatred and threat of violence, has no place in our city.”
Tory said that he will also continue to work with the construction industry to address anti-Black racism, as he has throughout the summer.
As part of that work, EllisDon has already taken a number of actions, including the creation off three employee-led leadership teams focused on anti-racism, inclusion and gender equality.
It has also created an Alliance of Black Employees Experience and Leadership (ABEEL) group.
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