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‘All options’ on table in US response to OPEC+ cuts: White House

The White House on Thursday said “all options” are being considered after the OPEC+ group’s decision to cut oil production, despite US arguments that this will raise fuel costs and endanger world economies.

President Joe Biden’s administration is angry at ally Saudi Arabia for overseeing Wednesday’s move by the OPEC cartel and an additional group of 10 exporters led by Russia to cut production by two million barrels a day in a bid to boost oil prices.

The decision came as Biden leads international efforts to isolate major energy producer Russia over its invasion of Ukraine, while also working to tamp down US consumer prices ahead of midterm elections next month.

Representatives of OPEC member countries attend a press conference after the 45th Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna, Austria, on October 5, 2022. – The OPEC+ oil cartel meets for the first time face-to-face since Covid curbs were introduced in 2020. (Photo by VLADIMIR SIMICEK / AFP)

“Disappointment. We’re looking at what alternatives we may have” to counter the expected price hikes, Biden told reporters.

Biden said there were “a lot of alternatives.”

These could include further releases from the US Strategic Petroleum Reserve, potentially increased US domestic drilling, and more drastic measures, including limits on exports.

Officials remain guarded on what the next move will be but Biden’s chief economic advisor, Brian Deese, told reporters aboard Air Force One that “we need to look at… what tools are necessary.”

Representatives of OPEC member countries attend a press conference after the 45th Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna, Austria, on October 5, 2022. – The OPEC+ oil cartel meets for the first time face-to-face since Covid curbs were introduced in 2020. (Photo by VLADIMIR SIMICEK / AFP)

Asked whether this could include a ban or limit on exports of US production, Deese said “the president has directed that we have all options on the table — and that will continue to be the case. And so that’s how we’re approaching this question.”

Deese also declined to rule out an idea being debated in Congress for a law stripping sovereign immunity in antitrust suits, something which would potentially allow the US government to take the oil cartel members to court.

“We will be assessing and consulting closely with Congress around a range of issues,” he said.

Deese said the OPEC+ decision is “unwarranted” at a time when the global economy is in such weak condition and that “the lack of supply continues to be a significant challenge” for consumers.

But he said the production cuts may not have as much effect on markets as feared because members of the cartel have already been struggling to meet their output quotas, meaning the headline figure of two million barrels fewer per day does not meet reality.

“We’re going to have to see the actual impact of this,” Deese said. “Certainly the impact on production will be significantly lower than that.”

Politics

News Update?Osun Governorship Election Petition Tribunal Sitting Begins October 26

Latest Politics updatein nigeria

Osun State Governorship Election Petition Tribunal will on October 26 begin a full hearing of the petition filed by Governor Adegboyega Oyetola of the All Progressives Congress (APC) against the declaration of Senator Ademola Adeleke as governor-elect.

Lifestyle Nigeria reports that the tribunal made this pronouncement after concluding the pre-hearing session on Thursday.

The tribunal was asked to dismiss the applications of the Peoples Democratic Party (PDP) and the Independent National Electoral Commission (INEC), seeking the discontinuation of the petition brought to it by Governor Oyetola.

Counsel for Oyetola and the APC, Lasun Sanusi, SAN, at the sitting of the tribunal argued that Adeleke’s, PDP’s and INEC’s reliance on a Federal Court High judgment was nothing but an abuse of court process.

Sanusi argued this while replying to separate applications of the trio, seeking the dismissal of the petition based on the already appealed Federal High Court judgment disqualifying Oyetola from contesting the election.

Citing Supreme Court decisions in the case of Jegede Vs INEC, 2021, 14NWLR, Pt 1797, page 409, the counsel said the court had ruled that the signatories to the letter conveying the nomination of a candidate were not the nominators; rather, the nomination was done by party members at the congress, hence, the judgment could not stand.

Meanwhile, the counsel for INEC, Prof. Paul Ananaba, SAN; counsel for Adeleke, Onyechi Ikpeazu, SAN and counsel for the PDP, Dr. Alex Izinyon, SAN, agreed that any decision the tribunal would take on the matter would have to wait until the Appeal Court and the Supreme Court decided on it.

They noted that they just decided to argue the applications to have it on record, a position which the tribunal agreed with and put on record.

Also, in other applications totalling nine by the three respondents, they asked the tribunal to strike out some paragraphs of the petition on the grounds that they were either lumped together or not related to the 2022 election.

In response to each of the applications, Sanusi said all the cases cited by the respondents were misconceived, adding that they were not applicable in the instance case.

He cited the case of INEC Vs Otti, 2016, 8NWLR, where the Supreme Court hinted that INEC was supposed to be neutral, arguing that all the processes filed before the panel have not portrayed the commission’s neutrality.

Sanusi further argued that the applications filed by the respondents were only meant to prevent the tribunal from focusing on hearing the petition on merit, asking the panel to dismiss the applications.

Subsequently, counsel for all parties in the matter agreed to begin the full hearing starting with the calling of witnesses on October 26.

In his ruling, the tribunal declared the pre-hearing session concluded and announced that the pre-hearing conference report would be presented on October 17.

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NEWS UPDATE?Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)

%title% Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos) Lifestyle Nigeria

Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)

The remains of Flight Lieutenant Chapele Ebiakpo, one of the pilots of the NAF Alpha-Jet aircraft that crashed in Maiduguri, Borno state on March 31, 2021, have been laid to rest.

 

It will be recalled that the Nigerian Air Force fighter jet was declared missing on 31 March 2021 after losing radar contact. The crash site was later discovered and the bodies of the two pilots onboard the ill-fated jet were recovered. The pilots were on the battlefield fight Boko Haram members when the jet crashed.

 

On Thursday, October 13, friends and family members of the Late Ebiakpo gathered together at the National Military cemetery to bid him farewell. May his soul rest in peace, Amen.

 

See more photos from the funeral below…

 

Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)

 

 

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<p>The post Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos) first appeared on Lifestyle Nigeria.</p>

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Phyna Bbnaija; Biography, Net Worth, Date Of Birth, Age, State Of Origin & Career – Lifestyle Nigeria


Real Name: Ijeoma Josephina

Stage Name: Phyna Bbnaija

Date Of Birth: 1997

 

Age: 25 years old

Profession: Actress

Nationality: Nigerian

State Of Origin: Edo State

Net Worth: $15K dollars

Details About Phyna Bbnaija


Phyna is currently 25 years old and she was born in the Nigerian state of Edo. Ijeoma Josephina is the correct spelling of her given name. She recounted herself as being the one who bring the ginger and the vibes to Biggie’s residence.

 

READ ALSO: BBNaija S7: Tega Makes U-turn About Phyna&#8217;s Loud Behaviour, Issues PSA

 

Phyna Bbnaija Date Of Birth

Phyna Bbnaija was born in the year 1997 in the Nigerian state of Edo. As of the time that this article about Phyna’s BBnaija biography and net worth was written, she had not yet reached her 25th birthday.

What is the net worth of Phyna Bbnaija?

At the time of writing, phyna bbnaija’s net worth was calculated at $15,000.

Conclusion:

There is still a lot of work to be done in this article. I’ll get to it as quickly as I can. Please share and leave a comment

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