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The International Energy Agency projects global oil supply will exceed demand by over 1 million barrels per day in 2025. This forecast assumes OPEC+ maintains its current production cuts throughout the period. Non-OPEC+ countries, particularly the United States, Canada, and Guyana, are expected to drive the surplus through increased production. This additional output could challenge OPEC+’s ability to maintain market balance. The post-covid-19 pandemic demand rebound has largely played out, with growth rates expected to moderate. China’s economic slowdown remains a key concern for demand projections, potentially limiting upside pressure on prices. Economic headwinds in major economies could further impact consumption patterns, with the transition to cleaner energy technologies also affecting demand growth rates in developed markets. Price forecasts and market expectations Major investment banks have provided conservative price outlooks for 2025. Trading commodities analysts at Goldman Sachs forecast Brent crude oil averaging $76.00 per barrel. J.P. Morgan takes a more bearish stance, projecting Brent at $73.00 per barrel and WTI at $64.00. These forecasts reflect expectations of ample market supply and moderate demand growth. The U.S. Energy Information Administration anticipates increasing global inventories will pressure prices. Their analysis suggests Brent could average $74.00 per barrel in the latter half of 2025. These projections indicate a relatively stable price environment, though geopolitical events and OPEC+ decisions could create significant volatility. Impact on energy trading strategies Oil trading strategies in 2025 will need to account for potential supply surpluses and price pressures. Risk management becomes crucial in this environment. Traders should monitor OPEC+ compliance with production agreements, as any breakdown in unity could accelerate price declines. The group’s response to market oversupply will be critical. Technical analysis of key support and resistance levels will help identify entry and exit points. The $70.00-80.00 range for Brent crude appears significant based on current forecasts. Commodity trading platforms offer various tools to manage exposure to oil price movements, including stop losses and limit orders. Key factors to watch Geopolitical developments remain crucial for oil markets. U.S. energy policy changes could significantly impact global supply dynamics and price movements. Chinese demand growth will be essential for market balance. Any significant economic stimulus measures could boost consumption and support prices. The pace of energy transition and electric vehicle adoption could affect demand projections. However, the impact may be limited in the 2025 timeframe. Source: IG
DBV Confirms Alignment with U.S. FDA on Accelerated Approval Pathway for the Viaskin® Peanut Patch in Toddlers 1 – 3 Years-OldMumbai: After noticing sub-standard road concretisation work at several locations, the BMC has imposed a fine of Rs 50 lakhs on the contractor and the quality control agency responsible for the poor work. On Thursday, during a visit to a road concretisation project in Borivali, Municipal Commissioner Bhushan Gagrani instructed civic officials and engineers to personally inspect the work sites and closely monitor the progress. The civic authorities have taken action after complaints about poor construction quality in certain locations, initiating an inquiry into ongoing concretisation work. The evaluation is being conducted by the Indian Institute of Technology - Bombay (IIT-B). "A contractor and a quality control agency were fined Rs 1.5 lakhs each for substandard work on a road in Lokhandwala, Andheri West. Similar actions have been taken in other areas where poor quality road concretisation was found. Additionally, the contractor will be instructed to carry out rectification work to address the issues," said a senior civic official. Meanwhile, Gagrani inspected ongoing concretisation work in R- Central - Borivali area along with deputy municipal commissioner (Zone- 7) Bhagyashree Kapse and Assistant municipal commissioner Sandhya Nandedkar on Thursday. Gagrani instructed the officials to ensure that all roadworks in the area are completed before the onset of the monsoon. The area near Borivali (East) station experiences waterlogging every year during the rainy season. During his visit, Gagrani also reviewed the proposed drainage improvement work by the Stormwater Drain Department, emphasising the need for timely execution to prevent the usual waterlogging issues. The BMC's ambitious project to concretise roads in Mumbai had faced setbacks due to substandard work at some locations. In Phase 1, the BMC has completed only 46 km of the planned 324 km of concretisation within a year. Currently, work is ongoing on 213 roads, with 298 roads yet to be concretised. In Phase 2, of the 1,420 roads scheduled for concretisation, 433 are currently under construction, with many still pending.
New York City mayor meets with Trump's 'border czar' to discuss how to go after 'violent' criminals
Chiefs earned a rest after their third win in 11 days. For some, the rest could be 24 daysHammond Power Solutions Declares Quarterly DividendLast year, when Hamas attacked Israel many herald it, almost all TV talk shows in our neighborhood, a moment of arrival for Palestine. At the close of the year, it is a huge catastrophe for humanity, loss of lives, blood and destruction. The global political landscape is filled with vulnerabilities and uncertainties, more than ever. Trump’s triumph is also read as a ray of hope for peace and stability. For, he has won against the calculations of the American establishment. The economic distress worldwide with technological divide has created a new hierarchical system. It is being feared a global phenomenon, ‘new caste system’, hierarchical in nature. Those who have access to latest technologies with sufficient flow of money shall survive anywhere, irrespective of the established nature of stratification. The world is now in smart sites with smart technologies and smart houses with data store of health runners and mobility directives. The advanced countries have more such pockets, where as the rest of world despite a huge chunk of population live with little significance. With uncontrollable boundaries, there would be increased surveillance, more on migrants and with renewal rise of cult-cultural populism. That would defy civil social movements, instead, would generate political strife on identity lines to make civil politics skeptic. It would be a shift from privacy and personal choice to new social, economic and cultural choices based on digital data world with cynicism and trust deficit. The intelligence agencies would have more counter international shadowing. The rapid transformation of technology with AI becoming a reality has gone ahead of human rational chase. The global transformation has occurred in virtual sphere so intensely that indiscernible is to be believed. Science and faith, both are politically engaged. It has given rise to cult politics, where the powerful individual is out from the rest how so much he or she is a product of the rational institution. It has made youth radicalized and repulsive to feel concerned for social making. The secular parties and ideologies are at defensive. What is happening is that the structures are colliding. Once private, religion has become public and politically accepted. This is where cult politics becomes distinct to party politics, a post truth. Human Rights stand is contested and reconciliation is presumed weakness. Crushing the opposition, how so ever legitimate, is justified sagacious assertion, fetching ranking in discourse media. The Iranian Revolution of 1979, which resulted in a major realignment of Middle Eastern politics. Its fissures with the revolution in electronic technology and social media boom spread out in fractured movements, countering one another in a multicultural global world. Its counter movement within the region was socially engineered that too went across the borders. The western world could not save itself once it went out of control, the taste of asymmetrical extremism. Its manifestation was September 11 attacks in US. This led to the war against regimes. Arab Spring apparently advocated as the hailing movement for bringing down decades old dictatorships, proved germinating seeds for the ruin of Middle East. Tunisia, Libya, Egypt, Yemen, Bahrain, and Syria all were plunged into civil wars. Democracy as it turned out, unfolded an arena, where Turkish Muslims, Christian religious Right in America and Hindu nationalists in India could express freely and would compete for power. The electronic networks and digital world transcend the boundaries in moments to spread the religiously inspired messages and opinions with a sense of competing. Primordial history has at least plank for conversation to untie the current vulnerabilities. Technology clubs faith to swim together in the virtual world, where power elites little think about humankind. Post-Modernity and religious historicity have blended to generate political consciousness of identity politics, which seems rational to talk about. This has political ramifications in an economically and technologically divided world. Hardly did any newspaper or even state apparatus predict such a radical change in Middle East and in our next-door neighborhood, Bangladesh. West Asia is fragmented, its pocket countries have emerged business locales and transit staying. Arab, Iran and Turkey, all positioned to its individual power elite interests. The European countries have lost their vigor, its common glue; NATO is day and night ridiculed by U.S, for its archaic rationale. Russia is regaining its place and China is set to take new turn. The close of 2024 has brought to the threshold, where its ruinous landscape is in search for new sites. South Asia is in waiting list after Iran’s apprehensions. Israel has come to a position to dictate to new Middle Eastern order of its choice. Taliban once a strategic asset for Pakistan has become liability; Pakistan jets have bombarded four locations of TTP inside Afghanistan. Pakistan is far from its political stability amidst its slow economic recovery. This has lessons for us as well. The political elites should not take India’s stability for granted. Its strength despite hideous noises is its pluralism and blended traditions of mutual intergroup dependency. RSS Chief, Mohan Bhagwat’s statement of December 19, 2024 is a ray of hope to give direction to the ruling elite how digging primordiaism is self defeating. Interfaith accommodation and its vibrant pluralism is the unique strength of Indian society. The National Movement with this capital could give course to the early leadership for sustained democratic journeying of the nation. India perhaps is the only country which has flourishing parliamentary democracy among all post colonial independent countries, imagine! It has to be valued. The present cannot be taken without context. That context is to be understood with introspection. India is diverse, plural and social cultural varieties are blended in the civilization cord. Dialogue and reconciliation have space in these pluralities, which has provided moral plank for give and take, culturally and socially accepted. Accepting institutional ruling elite by the opposition and respecting the opposition is the essence of democracy. Crushing it generates fascism, which in the long run nourishes the seeds of civil strife. We witness it around us in our neighborhoods. Hurting, domestic violence, increased use of drugs, mental stresses with rapid changes affects poor and vulnerable most. Give poor and vulnerable hope to live with dignity. Trusteeship with civil institutions needs to be strengthened. That is the message of 2024. Prof Ashok Kaul, Retired Emeritus Professor of Sociology at Banaras Hindu University
The owner of 4 Water St., an office building that abuts Nashua’s ongoing Downtown Riverfront development project, told aldermen this week that the city doesn’t need to pursue eminent domain proceedings for an easement involving a roughly 2,000 square foot patio-type structure attached to the rear of the building. The city recently drafted legislation to take the structure by eminent domain “or other legal” means, contending that Mike Cerato, who has owned 4 Water St. for several years, wanted to reopen discussions with the city last summer and ask for additional funds said to be in the neighborhood of $40,000 for the easement, bringing the total cost to around $90,000. In the end, aldermen voted unanimously to table the resolution until an appraisal, currently in the works, is completed and in the hands of city officials. Cerato, who said he’s been “an active supporter of the Riverfront project from the beginning” and is “committed to see it succeed,” told aldermen that he would likely agree to the appraisal, which deputy city attorney Dorothy Clark said is expected to be about $40,000. “If the appraisal is fair, if the city is prepared” to accept it, “then so am I,” Cerato said. Meanwhile, the appraisal, being conducted by Portsmouth-based Bergeron Commercial Appraisal, is in the works, Clark said at the meeting. It is expected to be completed in about a month, she added. “I don’t feel you need to (pursue) eminent domain ... I intend to grant an easement,” Cerato told aldermen. “So let’s wait until the appraisal comes back,” he said, suggesting that the board table the matter until then. nashuanews@unionleader.comFNG has established itself as a notable player in the Philippine real estate industry. Formed through a partnership between Federal Land, Inc., a trusted local developer with over five decades of experience, and Japan’s Nomura Real Estate Development Co., Ltd., which boasts more than 65 years of expertise and global innovation, FNG seeks to redefine the development landscape by blending global innovation with local understanding. At a time when Filipinos become more discerning, innovative, and more mindful of sustainable practices, FNG is repositioning itself as a key player at the forefront in designing human-centric developments. Anchored by their values to combine Japanese precision with Filipino sensibilities, the developer is set on delivering spaces designed for ease, comfort, and adaptability. Built on Solid Legacies FNG’s strength can be attributed to its roots. Federal Land, Inc.’s experience in creating residential, retail, and commercial developments in Metro Manila and Cebu equips the former with unparalleled insights and understanding of the local market and its unique needs. This expertise is complemented by Nomura Real Estate’s background in a diverse range of real estate businesses like their residential brand PROUD, offices brand PMO, and other facilities. Furthermore, they are bringing their Japanese innovation, strategies, and design principles to incorporate in the local setting to cater to the Filipino audience. The cornerstone of this partnership is The Seasons Residences in Bonifacio Global City, the first project of Federal Land and Nomura Real Estate. Drawing inspiration from Japanese design principles, the development features earthquake-resistant technology, customizable storage, and innovative air-cleaning tiles. It also houses the first Mitsukoshi Mall in the Philippines, offering a distinct Japanese shopping experience. It offers a slice of the Japanese lifestyle through its concept and design. Since its launch, the development has bagged multiple awards locally and internationally. The Seasons Residences’ amenities stay true to its Japanese influence by being minimalist yet innovative and advanced. The Seasons Residences is only the first showcase of the partnership, but it stands as testament to the potential that the partnership has to offer. With the powerhouse developers’ combined influences, FNG is slated to stand out in the real estate industry. Commitment to Creating New Standards Being the first to bring authentic Japanese designs in the country, through Nomura Real Estate, FNG aims to elevate the way Filipinos live with well-thought-out, intentional, and functional features. In 2024, it has received two accolades at the 12th PropertyGuru Philippines Property Awards, the largest and most prestigious awards ceremony in the local real estate industry that recognizes the country’s finest, most innovative real estate developers and projects. FNG was named Best Breakthrough Developer, one of the main categories in the awards ceremony. This is considered a great feat for the developer and is a testament of its potential as a rising contender in the industry that will reshape the way Filipinos think about homes, communities, and development offerings. The developer also brought home the same award from the 19th PropertyGuru Asia Property Awards, cementing its potential and vision on a global scale. FNG’s projects highlight its commitment to thoughtful design and quality. Yume at Riverpark, a subdivision in Cavite, won the Best Subdivision Development award at the 12th PropertyGuru Philippines Property Awards for its modern approach to suburban living. Similarly, The Observatory in Mandaluyong exemplifies urban sophistication, combining residential, commercial, and retail spaces with panoramic views of the city skyline. Yume at Riverpark combines tranquility and convenience in a masterfully planned community tailored for various lifestyles, catering to young families and retirees alike. Meanwhile, The Observatory, located in the bustling Mandaluyong City, with its unmatched view of the BGC skyline and its fusion of residential, retail, and commercial spaces, exemplifies FNG’s capability to create holistic developments that suit the changing needs of today’s city dwellers. These thoughtfully designed environments foster connection, productivity, and well-being. Yume at Riverpark and The Observatory serve as FNG’s first commitments in crafting the future of living. Leadership-driven Innovation Beyond individual developments, FNG focuses on creating environments that foster well-being and community connections. Guided by the expertise of Federal Land’s leadership, alongside insights from Nomura Real Estate’s team of experts, FNG bridges local needs and international perspectives. The partnership emphasizes innovation, sustainability, and adaptability to meet the evolving demands of Filipino consumers. Federal Land, a subsidiary under GT Capital Holdings, is composed of seasoned real estate professionals who offer valuable insights on navigating the local market. Their understanding of the country’s landscape shapes FNG’s developments to be adaptive to the Filipino resident’s needs and aspirations. FNG is also being shaped with global insight through Nomura Real Estate’s experts. A team of fourteen expatriates works closely with local teams to hone FNG’s offerings with a global market mindset. Bringing in their own strengths, professionals with property development, operations, architecture, and sales and marketing backgrounds drive the Japanese ingenuity and precision in FNG’s developments. Charting the Way Forward Looking ahead, FNG aims to elevate Philippine real estate through projects designed with functionality, human-centricity, and sustainability at their core. Its strategic approach ensures convenience and efficiency while addressing emerging customer needs. As it continues to expand its portfolio, FNG positions itself as a transformative force in the industry, introducing Japanese-inspired living concepts and fostering thriving communities across the Philippines. FNG’s vision is clear: to elevate the Philippine real estate with its developments. The company’s approach that emphasizes intentional functionality, nature, and human centricity will be ever-present it the properties that they will continue to develop. The developer’s commitment to prioritizing convenience, efficiency, and well-being will lead the way in making livable, lasting homes available for Filipinos. FNG is steady in its evolution to create smarter communities and will equip itself to anticipate and respond to emerging needs of customers. More than reintroducing the brand, FNG reaffirms its aim to transform the sector. With its expanding portfolio and its guidance from Japanese ways of working, the company is perfectly positioned to create new value for its stakeholders. As FNG President Thomas Mirasol said, “At FNG, we envision more than just developments; we see nests where lifestyles across various walks of life converge to nurture thriving communities. We are also always grateful to contribute to the growth of areas that we are present in, creating impact not only to the location but its people.” FNG will not only continue to make its mark with its unique blend of expertise, but it will also be bringing Japanese-inspired living, one development at a time. Know more about FNG and its projects at https://fng.ph/ . 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Charities have welcomed the government’s pledge to put £15m towards delivering thousands of tonnes of food that might otherwise go to waste to those who need it most, an initiative expected to save as many as 60 million meals. The funding, originally pledged by Rishi Sunak in February 2024, was temporarily delayed following the general election but was confirmed by the Department for Environment Food and Rural Affairs on Friday. The announcement was welcomed by the Felix Project and FareShare - charities fighting food waste and hunger in the UK - who said the funding marks a step towards a zero-waste Britain. Charlotte Hill, the Felix Project’s chief executive, said it is a “scandal to see food grown on UK farms going to waste, especially given the increasing number of people experiencing food insecurity”. “This £15m funding has the potential to unlock huge supplies of healthy and nutritious produce and help the Felix Project deliver even more meals in 2025”, she added. “The Felix Project found 1 in 8 working London families use a food bank every week to help feed their children. We deliver to around 1,200 community organisations, all working hard to feed people living with food insecurity, but the demand is so much more. “We have a long waiting list of organisations desperately wanting food, but we do not have it to give.” It comes amid a long term increase in the use of food banks in the UK, with the Trussell Trust, an anti-poverty charity that operates a network of food banks across the UK, reporting a 37 per cent increase in demand for food parcels between 2021/22 and 2022/23, and another 4 per cent increase between 2022/23 and 2023/24. In a joint statement from Ms Hill and FareShare’s chief executive Kris Gibbon-Walsh, the two charities said: "After years of campaigning by food redistribution charities, we are thrilled to see this fund come to fruition. “We are pleased that the government has recognised that too much food goes to waste on our farms, and that it should be redistributed to feed people who need it." They added: "We look forward to acting quickly with the government, the charity sector, and farmers to maximise the impact of this initiative during British growing season, ensuring surplus food reaches as many people as possible. “We have a proven model which funds farmers to redistribute their unsold food, which means that together, we can take meaningful steps toward achieving a zero-waste Britain." Volunteers with The Felix Project have already rescued nearly 100 tonnes of fresh produce this year alone. The Independent has previously partnered with the charity as part of its Help the Hungry campaign . The funding will allow the charity to expand their operations, ensuring surplus food reaches those in need, the organisation said. Meanwhile, Defra estimates the initiative could save 27,000 tonnes of food annually — equivalent to 60 million meals.Larry Hogan slams parties for ‘dividing’ Americans in first post-election speechJets aren't ready to send Aaron Rodgers to the sideline as a lost season reaches the home stretch