News That Matters

Tag: U.S.

China temporarily spares U.S. oil imports from tariffs

China temporarily spares U.S. oil imports from tariffs

Business
Sept. 19 (UPI) -- U.S. crude oil exports have been temporarily spared from Chinese tariffs, giving state-run oil refineries a short window to import as much as possible. They're scrambling for U.S. imports because WTI, the U.S. benchmark, is selling at a $ 6.66 per barrel discount to Dubai crude oil. That's the biggest price difference of the year. China announced 10 percent tariffs on $ 60 billion in U.S. imports Tuesday in retaliation for President Donald Trump's latest volley of tariffs that were announced Monday. It's not clear when China's tariffs on crude oil will go into effect. "Oil on the tariffs list will only impact trade flows but not overall demand and as such could weaken U.S. grades regionally and in the worse case WTI prices but the global benchmark Brent should not be af...
U.S. official: Increase LNG exports to Europe to counter Russia

U.S. official: Increase LNG exports to Europe to counter Russia

Business
Sept. 17 (UPI) -- The United States needs to increase its natural gas exports to Europe to counter Russia's increasing energy dominance in the region, a top Trump administration official warned. Europe is shifting away from coal and new pipelines from Russia to Europe could put the countries at the mercy of Gazprom, Russia's largest gas producer. "Due to a lack of supply routes and insufficient pipeline buildout, Europe is also becoming more, not less, dependent on Russian natural gas," Steven Winberg, assistant secretary of fossil energy, said during a Senate hearing Thursday. "That does not have to be the case. Our nation is endowed with vast supplies of natural gas and production is growing rapidly." But some argue that allowing a mass exodus of natural gas out of the United States wou...
Watch: Novak Djokovic outlasts John Millman in sweaty U.S. Open quarterfinal

Watch: Novak Djokovic outlasts John Millman in sweaty U.S. Open quarterfinal

Sports
Sept. 6 (UPI) -- Novak Djokovic will play in his 11th consecutive U.S. Open semifinal after outlasting John Millman late Wednesday in New York. The No. 6 seed won the 2:49 match 6-3, 6-4, 6-4. Djokovic looked exhausted after a 60-minute first set, but was given a brief break as Millman requested a change of clothes due to the extreme humidity. Millman went up 1-0 and eventually held a 4-3 edge in the second set, until Djokovic came roaring back. The Serbian tied the set at 4-4 before winning consecutive points to take the set. Millman also went up 1-0 in the final set, before Djokovic earned a 3-1 edge. Millman fought back to take a 4-3 lead before Djokovic finished him off by winning the final two points of the game. Djokovic will appear in his 33rd major semifinal after dispatching of M...
Palestine says U.S. plan to end refugee aid will promote terror

Palestine says U.S. plan to end refugee aid will promote terror

World
Sept. 1 (UPI) -- Palestinian officials on Saturday said the Trump administration's decision to stop funding for the United Nations agency that provides aid to Palestinian refugees would promote extremism. Palestine's presidential spokesman Nabil Abu Rudaineh said the decision "does not serve peace; rather, it promotes terrorism in the region." "This is an assault on the rights of the Palestinian people, and part of a series of anti-Palestinian U.S. decisions and policies," Rudaineh said. The announcement comes a day after the United States said it would be cutting funding to the U.N. Relief and Works Agency for Palestinian Refugees because the operation is unsustainable and "irredeemably flawed." Pasletine officials said they are considering seeking help of the U.N. General Assembly and ...
Watch: Serena Williams knocks sister Venus Williams out of 2018 U.S. Open

Watch: Serena Williams knocks sister Venus Williams out of 2018 U.S. Open

Sports
Sept. 1 (UPI) -- Serena Williams defeated sister Venus Williams in straight sets on Friday in New York, advancing into the round of 16 at the 2018 U.S. Open. "It feels good for the match to be over with," Serena told reporters. "Win or lose, it just feels that that's done." Serena won the 1:12 match 6-1, 6-2 in Arthur Ashe Stadium at the USTA Billie Jean King National Tennis Center. She battles Kaia Kanepi on Sunday in the fourth round of the tournament. "I think it's the best match she has ever played against me," Venus said. "I don't think I did a lot wrong, but she just did everything right. Obviously at that level is definitely where she is going to want to stay during this whole tournament." No. 7 Elina Svitolina also beat Wang Qiang in straight sets. No. 3 Sloane Stephens beat Vict...