Bahraini journalist killed by member of royal family

A Bahraini journalist was shot dead in front of her six-year-old son by a member of the Bahraini royal family on 23 December, according to local media reports. Eman Salehi, 28, was reportedly shot at point blank range by the Bahraini royal, who is also serving in the army. He then handed himself into authorities. On the night of her murder, her car was stopped in the Bahraini city of Riffa, an area known for its popularity among the Bahraini royal family and military personnel. As she left her car, the man shot her once in the head, with her son inside the car watching in horror. The Bahraini Interior Ministry reported the event in a tweet: Murder of a female […]

Bahraini journalist killed by member of royal family

A Bahraini journalist was shot dead in front of her six-year-old son by a member of the Bahraini royal family on 23 December, according to local media reports. Eman Salehi, 28, was reportedly shot at point blank range by the Bahraini royal, who is also serving in the army. He then handed himself into authorities. On the night of her murder, her car was stopped in the Bahraini city of Riffa, an area known for its popularity among the Bahraini royal family and military personnel. As she left her car, the man shot her once in the head, with her son inside the car watching in horror. The Bahraini Interior Ministry reported the event in a tweet: Murder of a female […]

China Cuts Oil Products Export Quotas by 40 Pct in First Round of 2017 Licences

China has cut oil product export quotas to the nation’s four oil majors by 40% in the first round of licences for 2017, Reuters quotes sources as saying. The slashing of quotas doesn’t reflect shrinking overseas demand but only reflects a shift in company exporting strategy.

China’s majors did not use up the huge quotas issued at the start of last year. China issued allowances for a record 46.08 million tonnes of oil products in 2016, up 80 percent from 2015. In the first 11 months of the year, it exported 43 million tonnes of oil products.

The next round of quotas is expected to be issued during the second quarter and will likely be higher than the first as regional fuel demand for construction and transport picks up after the winter slowdown. China usually releases three or four rounds of quotas a year.

Earlier in December, sources from a China state-owned trading company said that Beijing is likely to stop awarding quotas to  independent refineries. The move was intended to restrict the growth of exports from independent refineries, which will going forward  rely on state-owned trading companies to export oil products in 2017.

The normal trade permissions were expected to be awarded only to the trading arms of Sinopec, CNPC, CNOOC and Sinochem, sources said.

The material has been provided by InstaForex Company – www.instaforex.com

The post China Cuts Oil Products Export Quotas by 40 Pct in First Round of 2017 Licences appeared first on forexnewstoday.net.

China Cuts Oil Products Export Quotas by 40 Pct in First Round of 2017 Licences

China has cut oil product export quotas to the nation’s four oil majors by 40% in the first round of licences for 2017, Reuters quotes sources as saying. The slashing of quotas doesn’t reflect shrinking overseas demand but only reflects a shift in company exporting strategy.

China’s majors did not use up the huge quotas issued at the start of last year. China issued allowances for a record 46.08 million tonnes of oil products in 2016, up 80 percent from 2015. In the first 11 months of the year, it exported 43 million tonnes of oil products.

The next round of quotas is expected to be issued during the second quarter and will likely be higher than the first as regional fuel demand for construction and transport picks up after the winter slowdown. China usually releases three or four rounds of quotas a year.

Earlier in December, sources from a China state-owned trading company said that Beijing is likely to stop awarding quotas to  independent refineries. The move was intended to restrict the growth of exports from independent refineries, which will going forward  rely on state-owned trading companies to export oil products in 2017.

The normal trade permissions were expected to be awarded only to the trading arms of Sinopec, CNPC, CNOOC and Sinochem, sources said.

The material has been provided by InstaForex Company – www.instaforex.com

The post China Cuts Oil Products Export Quotas by 40 Pct in First Round of 2017 Licences appeared first on forexnewstoday.net.