World
G-7, Europe Reach Deal For Price Cap On Russian Diesel

BRUSSELS, Belgium G-7 — On Friday, US Treasury Secretary Janet Yellen said that the Group of Seven industrialized countries is putting a price cap on refined Russian oil products like diesel and kerosene. This is part of a coalition that includes Australia and a tentative agreement from the European Union.
The cap is similar to price caps that were put on Russian oil exports to limit the money that Russian President Vladimir Putin could use to fight the war in Ukraine, which has been going on for almost a year.
“Today’s agreement builds on the December price cap on Russian crude oil exports and advances our goals of limiting Russia’s key revenue generator in funding its illegal war while promoting stable global energy markets,” Yellen said.
On Friday, EU governments tentatively agreed to impose a price cap of $100 per barrel on Russian diesel sales to coincide with an EU embargo on the fuel. Diplomats from the EU’s 27 member states set the cap on Russian diesel, jet fuel, and gasoline ahead of a ban that goes into effect on Sunday. It seeks to reduce Russia’s income while keeping diesel flowing to non-Western countries to avoid a global shortage, which would raise prices and inflation.
Details about the cap were given in a statement from the G-7 and by diplomats from three different EU member countries who agreed to talk about it as long as they could remain anonymous.
G-7 Agrees To Cap The Price
The $100 per barrel cap applies to Russian diesel and other fuels worth more than the crude oil used to make them. Officials agreed on a $45-per-barrel cap on Russian oil products that sell for less than the price of crude.
The agreement comes on the heels of a similar G-7 agreement to cap the price of Russian crude oil at $60 per barrel. All price ceilings are kept in place by making shippers and insurers, who are mostly from the West, follow sanctions and only deal with oil products priced at or below the limits.
Russia has stated that it will not sell to countries that adhere to the oil cap, but because its oil sells for less than $60 per barrel, it has continued to flow to the global market G-7. The price caps encourage non-Western customers who have not banned Russian oil from negotiating discounts, while outright evasion carries additional costs, such as organizing off-the-books tankers.
The ambassadors made the decision of the EU’s 27 member states, and national governments have until early Saturday to respond in writing if they don’t agree. The agreement was expected to stay the same.
Europe G-7 has steadily reduced its diesel imports from Russia, which now account for roughly half of all imports. Diesel is important to the economy because it powers cars, trucks transporting goods, farm equipment, and factory machinery. Prices have risen since Russia invaded Ukraine, owing to increased demand and limited refinery capacity in some areas.
The Cap Will Be Unpredictable In The Coming Months
Analysts believe that if the price cap works as intended and Russian diesel continues to flow, fuel prices will not skyrocket. Europe could obtain alternative diesel supplies from the United States, India, and the Middle East, while Russia could seek new customers outside Europe.
The impact of the cap, however, will be unpredictable as shippers reroute fuel flows to new destinations, and longer sea journeys may strain tanker capacity.
Russia’s budget depends heavily on natural gas, oil, and diesel from Russia, so European governments have been hesitant to stop buying fossil fuels from Russia. That has changed since the outbreak of the Ukrainian war.
On December 5, Europe G-7 cut off Russian coal and banned its crude oil. Meanwhile, Moscow has halted most natural gas supplies to Europe, citing technical issues and customers’ refusal to pay in Russian currency. European officials say it’s a way to get back at them for the sanctions and hurt their support for Ukraine.
SOURCE – (AP)
World
UN Head Says Survival Depends On How People Manage Water In 2023

WATER The United Nations Humanity’s survival depends on how people manage water, said United Nations Secretary-General Antonio Guterres on Friday at the close of a three-day conference on global water resources, during which developing countries made urgent requests for assistance with cleaner drinking water and better sanitation.
In his final remarks, Guterres stated, “All of humanity’s hopes for the future depend, in some way, on charting a new course to sustainably manage and conserve water.”
He stated that water “needs to be at the center of the global political agenda” and that this implies more aggressive action against climate change.
According to the United Nations World Water Development Report, released on the eve of the conference, 26% of the world’s population—2 billion people — lacks access to safe drinking water, while 46% — 3.6 billion people — lack access to basic sanitation. According to UN studies, nearly half the world’s population will face acute water stress by 2030.
Many rhetorical pledges to enhance water supply were made at the conference, but there needed to be more precise commitments to translate aspirations into better daily lives for regular people.
Throughout the meeting, water-stressed states, particularly those in the developing world
“We have such lovely, ambitious initiatives,” said Lina Taing, senior researcher at the global think tank United Nations University.
“We know that we are completely off track,” she stated, regarding providing them with clean water and sanitation. Taing stated that the world’s actions must be increased “fourfold.”
Throughout the meeting, water-stressed states, particularly those in the developing world, told U.N. members of their need for international aid to provide their people with drinking water and sanitation facilities.
“Waging a war on two fronts at the same time to address water issues and climate change is no easy task, especially for a small island nation like Kiribati, which has very limited resources at its disposal,” said Teburoro Tito, the United Nations representative for the Pacific island nation of fewer than 200,000 people. He claimed that Kiribati was particularly unprepared to deal with natural calamities.
SOURCE – (AP)
World
2 Dead In Missouri Flash Flood; Tornado Threat In The South

DECATUR, Texas — Two persons were killed early Friday in Missouri after their automobile was carried away by torrential rains as part of a severe weather storm raging over the Midwest and South.
The crash occurred shortly after midnight in a sparsely inhabited area of southwest Missouri. According to authorities, six young adults were in the vehicle washed away while attempting to cross a bridge over a flooded creek in Grovespring.
Four of the six survived the water. Devon Holt, 20, of Grovespring, was discovered about 3:30 a.m., and Alexander Roman-Ranelli, 19, of Springfield, was discovered about six hours later, according to Missouri State Highway Patrol Sgt. Thomas Young.
According to Young, the motorist told investigators that severe rains made it difficult to detect that water from a creek had submerged the bridge.
Meanwhile, the hunt for a lady who went missing after flash flooding from a tiny river drove her car off the road in another southwestern Missouri county. According to the Logan Rogersville Fire Protection District, the victim’s dog was recovered safely, but there was no sign of the woman. Two additional people in the car were saved.
Southern Missouri received about 3 inches of rain Thursday night and into Friday morning, and severe weather was also affecting neighboring areas. A possible tornado touched down in north Texas early Friday as a dynamic storm system threatened to produce tornadoes in numerous Southern states.
Flash flooding from a tiny river drove her car off the road in another southwestern Missouri county.
According to Matt Elliott, a warning coordination meteorologist at the National Oceanic and Atmospheric Administration’s Storm Prediction Center in Norman, Oklahoma, Severe weather is forecast throughout many states.
“We’re talking about several tornadoes, some of which could be strong and intense,” Elliott warned.
The Storm Prediction Center warned that tornadoes would be most likely across Arkansas, Louisiana, Mississippi, and Tennessee on Friday afternoon and evening. Storms with destructive winds and hail were predicted to move from eastern Texas and southeastern Oklahoma into southeastern Missouri and southern Illinois.
Heavy rain Thursday night and Friday morning prompted flash flooding in areas of Missouri, where a vehicle became stranded near the town of Fordham, according to authorities. Rescue teams were called to a low-water crossing on the Finley River late Thursday, according to Logan Rogersville Fire Protection District authorities on Facebook.
Southern Missouri has received 3 inches of rain since Thursday
Two persons were rescued, but a third was still missing as of Friday morning. The crews intended to deploy boats and have searchers stroll along the river’s edge.
According to the meteorological service, some sections of southern Missouri have received 3 inches of rain since Thursday, and rain is likely to continue until Saturday morning. Most of southern Missouri was under a flash flood watch or warning on Friday.
According to Cody Powell, the county’s emergency management coordinator, a probable tornado impacted the southwest portion of Wise County around 5 a.m., damaging homes and downing trees and electrical lines. Powell stated that he had received no reports of injuries.
Although the weather service has not confirmed a tornado, damage to residences has been recorded in neighboring Parker County, according to meteorologist Matt Stalley, and investigators will likely head to the region later Friday to make that conclusion.
The two areas are roughly 10 miles (16 km) apart on the western border of the Dallas-Fort Worth metroplex, and the storm system is predicted to pass east of the region by early Friday afternoon, according to Stalley.
SOURCE – (AP)
Politics
LGBTQ+ Dating App Grindr Issues Warning To Users In Egypt

CAIRO, Egypt – A popular gay social networking app told its Egyptian users on Friday that police are targeting LGBTQ+ people by pretending to be part of the community.
When Egyptian users open the app, they will display the following warning in Arabic and English:
“We have received information that Egyptian police are actively arresting gay, bi, and trans people on digital platforms.” They use fake accounts and have even taken over the accounts of real people in the community who had been arrested and had their phones taken away. Please use extreme vigilance both online and offline, including with accounts that were credible in the past.”
Although homosexuality is not officially illegal in Egypt, members of the LGBTQ+ community are routinely prosecuted for ‘debauchery’ or ‘violating public morality.’ It detained seven people in 2017 for waving a rainbow flag at a rock festival. Arrests of homosexuals and non-conforming individuals continue to be widespread.
An Egyptian government media officer did not immediately respond to a request for comment on Grindr’s new measure.
The warning comes after rights groups and the media reported that authorities in the region are aggressively using digital platforms to target the LGBTQ+ community.
Authorities in the region are aggressively using digital platforms to target the LGBTQ+ community.
Human Rights Watch published a report in February detailing dozens of examples of security forces extorting, harassing, publically exposing, and detaining LGBTQ+ people in Egypt, Jordan, Lebanon, Iraq, and Tunisia based on their behavior on Facebook and Instagram, as well as the dating app Grindr. The journal also questioned big technology corporations for failing to invest adequately in Arabic language content filtering and protection.
“Grindr is working with groups on the ground in Egypt to ensure our users have up-to-date information on how to stay safe, and we are pushing international organizations and governments to demand justice and safety for the Egyptian LGBTQ community,” Grindr spokesperson Patrick Lenihan said in response to a comment request on Friday.
Grindr, a popular gay, bisexual, transgender, and queer dating app in California, has been chastised in the United States and penalized in Norway for sharing personal data with third parties that might identify users.
The company’s website’s privacy policy details how it uses and strives to protect user data. It says its goal is “to give you as much control over the Personal Information that you share within the Grindr Properties as possible.”
SOURCE – (AP)
-
News5 months ago
Climate Activists Block Private Jets in Netherlands
-
News3 months ago
Cryptocurrency OneCoin Boss Pleads Guilty to Fraud, Money Laundering
-
News2 months ago
Pfizer Covid-19 Vaccine Not Included in China’s Insurance
-
Science2 months ago
Chinese Government Halts Visas For Japan, South Korea In COVID-19 Fight
-
Business4 months ago
Crypto Exchange FTX Collapses, Files for Bankruptcy
-
News5 months ago
Powerball Jackpot Hits a Staggering US$1.6 Billion