OPEC output disrupted in July on Nigeria attacks, Libya dispute

TVC E. OPEC’s crude oil output was disrupted in July by militant attacks in Nigeria and political disputes in Libya, according to a Bloomberg News survey. Output from the 13 established members of the Organization of Petroleum Exporting Countries, excluding new entrant Gabon, fell by 80,000 bpd last month, a Bloomberg survey of analysts, oil companies and ship-tracking data showed. Nigeria led the decline with a 70,000-bpd monthly drop to 1.52 MMbpd, while Libya and Saudi Arabia reduced output by 20,000 and 40,000 bpd, respectively. Gabon joined OPEC on July 1, becoming the smallest member with average output of 210,000 bpd. Because the group expanded to 14 nations, total production in July actually increased to 33.24 MMbpd from 33.11 MMbpd the prior month. The African nation initially joined the group in 1975, but ended its membership 20 years later. Nigeria has suffered steep crude output losses this year as militant attacks targeted oil...

Rowing: Australia hunts lost London gold in ‘awesome’ Rio

TVC E. The biggest problem some Australian rowers are having to adjust to in Rio de Janeiro is minding their strokes in the face of the majestic views on the Rodrigo de Freitas Lagoon course. "The only problem I've had so far is focusing on rowing in the face of all this awesome scenery," said Karsten Fosterling, a member of the country's quadruple sculls entry, one of Australia's two main hopes for gold. As with other watersports venues at Rio 2016, the Lagoon, a dark-blue, brackish tidal lake that sits between the outstretched right arm of the Christ the Redeemer statue atop a line of jungle-covered granite mountains and the beach front neighborhood of Ipanema, has faced harsh criticism. Studies found high levels of bacteria and other pathogens in the water despite promises to clean up the Lagoon. During test events, some athletes blamed the venue for making them sick. Part of the Australian...

Page 3 of 3
1 2 3