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Hello Jammu News at 2:42:00 PM 0

SINGAPORE, May 11: Oil prices on Friday dipped away from multi-year highs reached the previous session on hopes that alternative supplies could replace a looming drop in Iranian exports when U.S. sanctions against Tehran are re-imposed.
The United States plans to re-introduce sanctions against Iran, which produces around 4 percent of global oil supplies, after abandoning an agreement reached in late 2015 that limited Tehran's nuclear ambitions in exchange for removing U.S.-Europe sanctions.
The sanctions come amid an oil market that has been tightening due to strong demand, especially in Asia, and as top exporter Saudi Arabia and No.1 producer Russia have led efforts since 2017 to withhold oil supplies to prop up prices.
Brent crude futures, the international benchmark for oil prices, were at $77.329 per barrel at 0308 GMT, down 19 cents, or 0.2 percent, from their last close. Brent the previous day hit its highest since November 2014 at $78 a barrel.
U.S. West Texas Intermediate (WTI) crude futures were down 11 cents at $71.25 a barrel, but still not far off Thursday's November 2014 high of $71.89 per barrel.
Many analysts expect oil prices to rise to $80-$100 per barrel later this year, once U.S. sanctions start to bite and Iran's exports start sinking.
There are, however, signs that other suppliers from within the Organization of the Petroleum Exporting Countries (OPEC) will step up output to counter the Iran disruption.
"The market is now focused on OPEC and other producers' ability to react to this potential supply disruption," ANZ bank said on Friday.
"Investors are increasingly viewing Kuwait and Iraq as the producers with the best ability to raise output quickly in response to any fall in Iranian exports," it added.
Outside OPEC, soaring U.S. crude oil production may also help fill Iran's supply gap, hitting another record last week by climbing to 10.7 million barrels per day (bpd).
That's up 27 percent since mid-2016 and means U.S. output is creeping ever closer to that of top producer Russia, which pumps around 11 million bpd. REUTERS
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Hello Jammu News at 1:25:00 PM 0

LAGOS, Apr 25: Semi-nomadic herdsmen armed with guns killed 16 people on Tuesday in an attack on a church congregation in a central state of Nigeria plagued by communal violence, police said.
Hundreds of people have died in clashes this year between herders and farmers in central Nigeria in an outbreak of violence that has put pressure on President Muhammadu Buhari less than a year before an election he wants to contest.
The bloody clashes, linked to grazing rights and dwindling fertile land, have raised questions about the government's ability to maintain security in the country.
Moses Yamu, a police spokesman in Benue state, said the attack took place around 6 a.m. (0500 GMT) in the village of Ayar Mbalom, in Gwer East local government authority.
"Sixteen persons were confirmed killed, including two priests," said Yamu.
Herdsmen involved in the communal violence are mainly Muslims from the Fulani ethnic group, while members of the settled farming communities are mostly Christian. Attacks have been carried out by both sides.
Some 73 people were killed in central states - known as the "Middle Belt" - in the first few days of 2018, prompting a high- profile mass burial in Benue state's capital, Makurdi.
Critics of Buhari, a Muslim who is Fulani, have accused him of failing to crack down on herdsmen because they are from the same ethnic group - an accusation his administration has repeatedly denied.
The latest killings were described as "heinous" by Buhari, a 75-year-old former military ruler who vowed to improve security when he took office in May 2015.
"Violating a place of worship, killing priests and worshippers is not only vile, evil and satanic, it is clearly calculated to stoke up religious conflict and plunge our communities into endless bloodletting," he said in a statement.
Buhari declared earlier this month he would seek a second term. His candidacy depends on party approval, which is widely seen as a formality.
The Middle Belt region includes a number of swing states that could play a significant role in determining Buhari's electoral prospects. Reuters
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Hello Jammu News at 4:07:00 PM 0



San Francisco, Apr 4: A woman shot and wounded three people at YouTube's headquarters in Northern California before killing herself, police say.
US media have named the suspect as Nasim Aghdam and said the incident is the result of a domestic dispute.
A 36-year-old man left in a critical condition is believed to be her boyfriend, CBS news reports. Two women, 32 and 27, were also shot, the BBC News report said on Wednesday.
But police are yet to comment on the motivation for the shooting.
Such "active shooter" incidents are overwhelmingly carried out by men -- an FBI report found that out of 160 incidents between 2000-2013 only six of the people who opened fire were women.
The suspect is reported to have approached an outdoor patio and dining area at the offices in San Bruno, near San Francisco, at about lunchtime and opened fire with a handgun.
San Bruno Police Chief Ed Barberini said officers arrived at the offices at 12:48 (19:48 GMT) local time to find a "chaotic scene", with numerous people fleeing.
Images broadcast on local TV stations showed employees leaving with their hands raised. Other footage showed evacuees forming a queue before being individually frisked by police.
One person with a bullet wound was found at the front of the company headquarters, Mr Barberini said. Minutes later officers found a woman who appeared to have shot herself, he said.
Two further victims were later discovered at an adjacent business.
An employee at a nearby fast food restaurant told Fox station KTVU he had treated a young woman who suffered a bullet wound to the leg.
He said he had fashioned a makeshift tourniquet from a bungee cord as they waited for first responders.
Several YouTube employees tweeted about the attack as it was taking place.
Product manager Todd Sherman said people fled the building in panic as the shooting unfolded.
Another employee, Vadim Lavrusik, tweeted he was barricaded in a room with other staff. He later said he had been evacuated.
The three wounded were taken to Zuckerberg San Francisco General Hospital. Officials said the 32-year-old woman's condition was serious and the 27-year-old's condition was fair.
A fourth person was also taken to hospital with an ankle injury sustained while trying to escape, Mr Barberini said.
Some 1,700 people work at the YouTube HQ. The company is owned by Google and is the area's biggest employer.
Several US media outlets identified the suspect as Nasim Aghdam, 39, a Californian resident of Iranian descent.
She appeared often on YouTube and in one of her videos criticised the platform for discriminating against and filtering her posts.
YouTube terminated her account following the shooting. Her Instagram and Facebook accounts have also been removed.
On her personal website she accused YouTube of taking steps to prevent her videos from getting views.
"There is no equal growth opportunity on YouTube or any other video sharing site. Your channel will grow if they want to!" she wrote.
YouTube spokesman Chris Dale praised the police response to the incident.
"Today it feels like the entire community of YouTube and all of the employees were victims of this crime. Our hearts go out to those who suffered in this particular attack," he said.
Another online giant, Twitter, said it was horrified by the shooting and said it was monitoring instances of misinformation.
President Trump said he had been briefed about the incident. UNI
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