Oil Rises 18% In Best January On Record

Oil prices rose almost 2 percent on Friday morning, closing higher for the week, with traders turning turned bullish once again as a result of lower OPEC+ supply and global outages (Click to enlarge) Friday, February 1, 2019 Oil prices gained roughly 18 percent in January, the largest gain for that month of the year on record. “A break through $55 in WTI and $65 in Brent would be a very bullish signal for these and could be the catalyst for more significant upside, with oil having stabilised over the…

Wine and dine at JD’s Fine Foods new premises – BorneoPost Online | Borneo , Malaysia, Sarawak Daily News

Goh (sixth from left) and his staff pose for photo with ‘I Love JD’ placards. MIRI: JD’s Fine Foods facing the breezy South China Sea is the place to relax and unwind after a hard day’s work. Established in 2008, the restaurant moved to its new premises at Taman Selera, Tanjong Lobang here. “We want to inform our loyal customers about our relocation and that the menu remains the same,” said owner Jackson Goh, adding that prices for dishes prepared with local ingredients remain the same. However, prices for signature…

‘Agree totally’: Locsin says gov’t should contest China facility on PH-claimed reef

Secretary Teodoro Locsin Jr. said he agreed “totally” with a call to contest China’s construction efforts in the Kagitingan Reef in the West Philippine Sea. File/Malacañang Photo MANILA—Foreign Affairs Secretary Teodoro Locsin Jr. on Saturday said he agreed “totally” with a call to contest China’s construction efforts on the Kagitingan Reef in the West Philippine Sea. Locsin responded to an ABS-CBN News story, in which Supreme Court Justice Antonio Carpio said the government must defend the territory where China was reportedly building a maritime rescue center. Agree totally. We can…

US intelligence reveals another mysterious Chinese stealth bomber project

China made history as the only nation other than the U.S. to ever field a stealth fighter jet, and a new report on China’s military power from the Defense Intelligence Agency just revealed yet another batch of stealth combat aircraft projects. China “is developing new medium- and long-range stealth bombers to strike regional and global targets,” the report reads. “Stealth technology continues to play a key role in the development of these new bombers, which probably will reach initial operational capability no sooner than 2025.” Today, China holds perhaps the…

U.S. Navy farewells F/A-18C Hornet aircraft – Defence Blog

Strike Fighter Squadron (VFA) 34 hosted a sundown ceremony and fly-over for the legacy F/A-18C Hornet aircraft at Naval Air Station Oceana in Virginia Beach, Va., Feb. 01. Active duty service members, aviation leadership, local media and visitors were in attendance to commemorate the aircraft’s 35 years of active service in the fleet. “Today our VFA-34 family and the operational farewells an old friend,” said Cmdr. William Mathis, commanding officer of VFA-34. “Born more than 40 years ago, the Hornet entered operational service for the U.S. Navy in 1984 and…

China’s state energy giants to focus on adding natural gas reserves to boost local supplies

China’s state energy giants are set to raise spending on domestic drilling this year to the highest levels since 2016, focusing on adding natural gas reserves in a concerted drive to boost local supplies. Responding to President Xi Jinping’s call last August to boost domestic energy security, China’s trio of oil majors — PetroChina, Sinopec Corp. and CNOOC Ltd. — are adding thousands of wells at oil basins in the remote deserts of the northwest region of Xinjiang, shale rocks in southwest Sichuan province and deepwater fields of the South…

Welcome to the Asian century

Illustration by Studio Tipi Parag Khanna is the author of The Future Is Asian, from which this essay is adapted. Forecasts of Asia’s rise to global preeminence go back two centuries to Napoleon’s alleged quip about China: “Let her sleep, for when she wakes, she will shake the world.” Nearly a century ago, in 1924, the German general Karl Haushofer predicted a coming “Pacific Age.” But Asia is much more than the countries of the Pacific Rim. Geographically, Asia stretches from the Mediterranean and Red seas across two-thirds of the…

Doomed MH370 Plane Was DOWNED to Prevent Repeat of 9/11, Writer Claims

It’s been almost five years since Malaysian Airlines flight MH370 disappeared over the South China Sea with 239 people on board. Two massive search operations produced no results, but aviation experts and private investigators still use every clue and piece of information to try and solve the mystery. An MH370 hunter claims that the plane’s disappearance has to do with the Malaysian military panicking about the pilot’s potential suicide plan. The doomed Boeing 777 disappeared above the South China Sea while en route from Kuala Lumpur to Beijing in March 2014, after making a leftward detour and flying…

Why a leaner, meaner PLA must be sensitive to worries about China’s military rise

Much of what needs to be said of the recent report on the People’s Liberation Army downsizing has been said. As part of the “transformational changes” undertaken so far, China’s army now accounts for less than 50 per cent of all PLA troops, with almost half of the non-combatant units made redundant and the officer corps slashed by 30 per cent. By contrast, the navy, air force, rocket force and strategic support force combined now surpass the army in overall numbers. Back in 2015, President Xi Jinping announced plans to…

China opposes US withdrawal from nuclear arms treaty with Russia, calls for negotiation

China on Saturday said it opposed the United States’ decision to withdraw from a nuclear arms treaty with Russia and called on the two nations to negotiate for a solution. “As an important bilateral treaty in the fields of arms control and disarmament, the Intermediate-Range Nuclear Forces treaty is of great significance in easing relations between powers, in enhancing international and regional peace and in safeguarding global strategic balance and stability,” Chinese foreign ministry spokesman Geng Shuang said in a statement. “China opposes the US withdrawal and urges the US…