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Oil slumps on prospects of emergency supply releases as COVID-19 cases surge in Europe

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U.S. crude prices dropped in early trade on Monday extending big losses on Friday, after Japan said on the weekend it was considering releasing oil reserves to help dampen prices.

At the same time, demand concerns are growing as COVID-19 cases surge in Europe.

U.S. West Texas Intermediate (WTI) crude futures were down 65 cents, or 0.9%, at $75.25 a barrel at 2327 GMT, after sliding as low as $74.76, the weakest since Oct 1.

WTI and Brent prices slumped around 3% on Friday.

Japanese Prime Minsiter Fumio Kishida on Saturday signalled he was ready to help counter soaring oil prices following a request from the United States to release oil from its emergeny stockpile.

However, Japanese laws only allow reserves to be tapped if there are supply constraints or natural disasters.

“We’re proceeding with consideration as to what we can do legally on the premise that Japan will coordinate with the United States and other countries concerned,” Kishida told reporters.

On the demand side, concerns are growing that renewed COVID-19 curbs could hit demand growth. Germany warned on Friday it may need to move to a full lockdown after Austria said it would reimpose strict measures to tackle rising infections.

This story has been published from a wire agency feed without modifications to the text.

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Deathloop Game Update 3: Release Date, Patch Notes, Gameplay, Bug Fixes And More

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Deathloop Game Update 3 is expected to be launched next as the developers attempt to make some minor changes to ensure that the gameplay runs as smooth as possible.

Bethesda have received huge praise following the successful launch of their all-new first-person shooter, and rightly so, thanks to the unique storyline and interesting characters that the game possesses.

As a result, Deathloop is up for a number of awards, including six Golden Joystick Awards and walked away with the prize of the Critic’s Choice Award (via Gamesradar).

Read more: Deathloop Nominated For Six Golden Joysticks Awards – Including Game Of The Year

Despite this Bethesda have not rested on their laurels and have added a couple of patches so far – and are set to add a third.

Enough talk! Scroll down to find out everything we know about Deathloop Game Update 3 so far:


Release Date

Deathloop Update 3

At the time of writing, we are yet to receive confirmation regarding when Bethesda will be launching Game Update 3.

Similar to EA, no warning is given before release and it is unlikely that it will be the case with Update 3 either.

However, fear not! This could change – in which case we will update this section of the article as soon as more details are revealed in the coming days and weeks. So, stick with us and stay tuned!


Patch Notes

As mentioned above, the patch notes for Deathloop Game Update 3 are yet to be announced and a comprehensive list, as well as the sections below, will be filled out in their entirety once they have been confirmed by Bethesda. Keep your eyes peeled!


Gameplay

TBC


Bug Fixes

TBC


Click on the links below to look back on all of the patches that have been added to Deathloop so far:


You can find all of the latest Deathloop News and everything Gaming related right here at GiveMeSport.


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Manchin Noncommittal on Renewing Biden Child Tax Credit Flowing to West Virginians

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  • Sen. Joe Manchin is noncommittal on extending the child tax credit.
  • On Tuesday, he told Insider “everybody’s still talking and working. It’s a work in progress.”
  • Millions of children are receiving the CTC, hundreds of thousands of them in Manchin’s home state.

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On Tuesday, Sen. Joe Manchin of West Virginia didn’t commit to approving the one-year child tax credit expansion as it’s laid out in the $2 trillion House-approved social spending package. It raises the prospect of further changes to the proposed cash benefit.

“Everybody’s still talking,” Manchin told Insider. “Everybody’s still talking and working. It’s a work in progress.”

He’d previously pushed for a work requirement as a condition to receiving the federal help.

Manchin’s noncommittal approach to the benefit underscores the potential adjustments to the House legislation now traveling through the evenly divided Senate. House Democrats approved the sprawling climate, health, and childcare package which contains the bulk of President Joe Biden’s economic agenda on November 19. Now all 50 Senate Democrats must coalesce around the package so it can clear the upper chamber.

Around $190 billion is set aside to renew the bulked-up child tax credit. It’s reached tens of millions of children in the form of monthly payments since July, including many in Manchin’s home state. Over 346,000 West Virginian kids have qualified for the aid, per the West Virginia Center on Budget and Policy.

It provides up to $300 a month per child age 5 and under, or $3,600 annually. For children between ages 6 and 17, families can receive $250 each month, or $3,000 yearly. And it would lock in the ability for the vast majority of American families to tap into the aid every month, regardless of whether they file taxes.

Experts and advocates say the measure has played a critical role in cutting child poverty. An August analysis from the Center on Poverty and Social Policy at Columbia University indicated the child poverty rate dropped to 12% from 16% after the first checks went out. That amounts to three million kids that no longer live below the poverty line.

“It’s kind of a breakthrough idea here in Washington that we should just increase their financial resources to lift them out of poverty, and it’s working,” Andy Boardman, a research assistant at the nonpartisan Urban Institute, said in an interview. “We’re seeing poverty is down among families who are receiving the child tax credit, food insecurity is down. So it’s been hugely, hugely impactful.”

It’s also helped families buy school supplies, cover rent, and put food on the table, Insider previously reported.

The Biden administration has aggressively touted the child tax credit in recent months. Treasury Secretary Janet Yellen called the sharp drop in food insecurity among families “a profound economic and moral victory for the country” at a Senate hearing on Tuesday.

The child allowance has virtually no support among Republican lawmakers. Some like Senate Minority Leader Mitch McConnell assailed it as a “welfare deposit.” The last monthly payment is set to go out on December 15, and 35 million families could be deprived of aid if Congress doesn’t step in.

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Donald Trump says Boris Johnson making ‘big mistake’ backing wind power

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Donald Trump has warned Boris Johnson he is making a “big mistake” by backing “ridiculous” wind farms to drive the UK’s push to a net zero carbon economy.

The former US president said he still liked the British Prime Minister but claimed that he was wrong to support renewable wind energy.

The UK has become a world leader in wind energy, particularly offshore, and Mr Johnson has pushed for Britain to become to wind what Saudi Arabia is to oil in the drive to reach net zero by 2050.



I think wind is… ridiculous

Donald Trump

Investment in the technology over the past decade or more has led to the world’s largest wind farm, Hornsea One, being built in the North Sea off the east Yorkshire coast.

But Mr Trump, in an interview with former Brexit Party leader Nigel Farage said the UK was destroying its landscape by permitting the turbines to be installed.

Speaking to Mr Farage on GB News, the businessman – who owns golf courses in Scotland and Ireland – said: “He’s wrong, Boris is wrong if he’s going heavy into wind.

“He’s making a big mistake.”

The former White House incumbent labelled wind power the “most expensive form of energy”.

In comments made in Florida on Monday and due to be aired this week, Mr Trump said: “I think wind is, I think it’s ridiculous.”

Prime Minister Boris Johnson pictured onboard the Esvagt Alba during a visit to the Moray Offshore Windfarm East, off the Aberdeenshire coast (Jane Barlow/PA)

(PA Wire)

The one-term president added: “Remember, every 10 years, you have to replace those monsters.

“And a lot of times they don’t bother. You know what they do? They just let them rot. They kill all the birds, they are so bad.”

Despite the criticism, Mr Trump – defeated by Joe Biden in last year’s presidential election – said he was fond of the Prime Minister, who he suggested had become “more liberal”.

“I like him. I get along with him. I’ve always gotten along with him,” Mr Trump said.

“He’s gone a little bit on the more liberal side.

“But I’ll tell you with energy, I’m surprised that he would allow that to happen because you have one of the most beautiful countries in the world.

“And you’re destroying it with all these wind turbines all over the place.”

Mr Johnson has not always been an advocate for wind power. In 2013, he said wind farms could not “pull the skin off a rice pudding”.

The interview with Mr Trump,  which touches on a range of subjects, including the royal family, the presidential election, the subsequent Capitol Hill riots, Black Lives Matter, the migrant crisis in the US and the UK, and the question of whether he plans to run for office again, is due to air at 7pm on Wednesday.

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