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Oil prices on decline – again! – By Hemantha Yapa Abeywardena Source : oilfutures The price of crude oil is back on decline, having been on the rise for about three weeks. As of 13:00 GMT on Tuesday, the prices of WTI and Brent were at $77.94 and $81.97 respectively. Although some analysts were quick to predict a surge in oil prices due to the attacks carried out by Israel on Saturday, on Hodeidah port in Yemen, targetting oil facilities, it did not materialise. On the contrary, the prices of oil went down, recording that of WTI, below $80. The fossil fuel markets, at present, are in need of a sustainable catalyst. The combination of hyping-up the conflicts in the Middle East and the exaggerated impact of them on the energy markets, certainly is not one of them; its perceived significance appeared to have run its course, judging by the ...

Jul 27, 2024 Posted by eLanka admin In Articles, Hemantha Yapa Abeywardena Tagged current oil prices, Hemantha Yapa Abeywardena, Oil Prices, price of crude oil, The fossil fuel markets

Donald Trump & JD Vance – a political marriage made in heaven! – By Hemantha Yapa Abeywardena The contrast of the paths to politics between the two American politicians couldn’t be starker: President Trump was born with a silver spoon in his mouth whereas his vice-presidential pick, JD Vance, was born into utter poverty in a remote corner of the vast nation, to be brought up by a single mother, who had been forced to fight two different struggles simultaneously by her fate, – a drug addiction and making a living for the family. JD Vance, 39, wrote a book in his early 30s, highlighting his early struggles and that of his community in grasping the reality on the ground, where he was brought up. At present, I am reading the book, ‘Hillbilly Elegy’, by JD Vance and his no-holds barred account of what he and the very community that ...

Jul 20, 2024 Posted by eLanka admin In Articles, Hemantha Yapa Abeywardena Tagged Donald Trump, Hemantha Yapa Abeywardena, Hillbilly Elegy’, JD Vance, political marriage, Politics

Oil Price: cloudy outlook with bearish tendencies – By Hemantha Yapa Abeywardena Source : oilfutures The slow growth rate of China’s GDP, around 5% according to the latest forecasts, coupled with the falling gas prices, is clearly inhibiting the potential rise of global oil prices. China, the world’s top oil importer and second largest consumer after the US, enjoyed four decades of robust growth that used to be close to 10% – the envy of the developed world. The latest data from China’s Bureau of Statistics, the world’s second largest economy is heading towards its own new ‘normal’ – a relatively modest growth around 5%. Although China still manages to keep its economy growing despite many headwinds, the concerns on many fronts eclipse the growth picture: its frosty relationships with the West, uneasy diplomatic relations with the neighbours, especially around the South China Sea and of course, its troubled neighbourly ...

Jul 17, 2024 Posted by eLanka admin In Articles, Hemantha Yapa Abeywardena Tagged China's Bureau of Statistics, China's GDP, economy, Fuel Price, global oil prices, Hemantha Yapa Abeywardena

eLanka Newsletter – 14th July 2024 – 4th Edition Sri Lankans in Australia Click here or on the image below to read this week’s elanka Newsletter A time to ponder; a time for change? – By Aubrey Joachim The marvels of captured sound – Edison’s phonograph – By Hemantha Yapa Abeywardena SUNDAY CHOICE: What does it mean “In Christ Alone”? – By Charles Schokman The Brad and Kiara Show Podcast – 2024-7-13 Is Indo-Lanka land connectivity a significant step? – By Arundathie Abeysinghe Kaleidoscope with Savithri Rodrigo 218 11 07 2024 ONE HUNDRED AND FIFTY YEARS AFTER ROGERS: 1845 – 1995 – By Ranil Bibile Anuradhapura- Historical – By Dr harold Gunatillake An open letter to Presidential Election candidates: Legalise fairer and voter friendly alternative to replace complex Mixed Member Voting (MMV) and Preference voting (‘Manape’) systems before next General and PC Elections. – By Bernard fernando Every match a ...

Jul 14, 2024 Posted by eLanka admin In Articles, eLanka Newsletters Tagged Arundathie Abeysinghe, Dr. Harold Gunatillake, Hemantha Yapa Abeywardena, King Coconut, Savindri Perera, Savithri Rodrigo, The Golden Treasure of Sri Lanka

eLanka Newsletter – 10th July 2024 – 3rd Edition Sri Lankans in Australia Click here or on the image below to read this week’s elanka Newsletter A TALE OF THREE CITIES – POLONNARUWA ANGKOR AND BAGAN – (LOWER MYANMAR).- By Bernard VanCuylenburg Newsletter – May-June 2024 – from Sri Lanka High Commisson, Canberra Australian Women’s Big Bash League (WBBL) Cricket Schedule 2024 – Dates & Times and How to Watch Live – Milestone Weber WBBL|10 season to usher in new era Obituary – Abeyagunewardena JP, Don Vinee Birthdays – by Charmaine Candappa Another successful Eighty Club luncheon and a sellout crowd responded to make it a great afternoon at the Grand on Princes By Trevine Rodrigo The English Language – a bit of poetry -By Charles Schokman Dragonfruit: The Exotic Superfruit – By Nadeeka – eLanka Ripe Jackfruit (Waraka) in Sri Lanka: A Culinary and Cultural Delight-by Kalani-eLanka Forgotten Fortresses: ...

Jul 11, 2024 Posted by eLanka admin In Articles, eLanka Newsletters Tagged Charmaine Candappa, Cultural Delight, Dragonfruit, eLanka Newsletter, Hemantha Yapa Abeywardena, Noel Nadesan, Ripe jackfruit, Sunil Thenabadu

The Double-Edged Sword: Falling Oil Prices and Regional Impacts – By Hemantha Yapa Abeywardena Source : oilfutures The price of crude oil slightly increased as the weekend approached, something that has been attributed to the rising tension in the Middle East between Israel and Hezbollah, the Shite military group in Lebanon. As of 18:00 GMT, the prices of WTI and Brent were at $81.58 and $86.46 respectively. The price of LNG, liquified natural gas, meanwhile, was at $2,60. The US crude stocks, against all odds, rose again during the last week, deviating from the draw that was reported a week ago. It raises the prospect of feeble demand that has been the case for months; this is rather unexpected in the US, the world’s top consuming nation of the fossil fuels, despite the onset of the summer driving season. The fact that the price of oil slightly went up despite the ...

Jun 29, 2024 Posted by eLanka admin In Articles, Hemantha Yapa Abeywardena Tagged fuel prices, Hemantha Yapa Abeywardena, liquified natural gas, Oil Prices

Boeing: flying through clouds vs manoeuvring bad press – By Hemantha Yapa Abeywardena Boeing, the aerospace giant that enjoyed a market dominance heyday for decades from the 50s to 90s and marketing heyday in 2000s, has been grabbing the headlines for all the reasons recently. The catalogue of disasters involving the company reached one of its peaks last week, when the CEO of the company, Dave Calhoun, was mercilessly grilled by a panel of US senators on Capitol Hill last week. Mr Calhoun neither showed any blueprint for addressing the burning issues nor came any closer to providing the senators with – and the public for that matter – any consistent, straight-forward answers to the questions that he was subjected to; low-pitched mumbling hardly helped in a tense situation, when you are at the receiving end of a barrage of probing questions. Of course, Mr Calhoun is on his way ...

Jun 26, 2024 Posted by eLanka admin In Articles Tagged Aerospace industry trends, Airbus industry growth, Airbus vs. Boeing market share, Aviation industry news, Boeing 737 Max crashes, Boeing 787 Dreamliner production, Boeing cost-cutting measures, Boeing financial performance, Boeing future challenges, Boeing investor concerns, Boeing public perception, Boeing quality control problems, Boeing Starliner issues, Boeing whistleblowers, Commercial aircraft safety, FAA investigations Boeing, Hemantha Yapa Abeywardena, ISS astronaut delays, NASA and Boeing collaboration, Space travel challenges

News from London: Taylor Swift in Town – By Hemantha Yapa Abeywardena Taylor Swift, the American megastar and the singing sensation, is currently on tour in the United Kingdom and understandably, her fans have gone wild – millions of them. Miss Swift’s fans, known as Swifties, are desperate to see her live and willing to pay exorbitant prices for front-row seats, just like fans, who crave the best view in boxing, pay for ringside seats. Judging by the unravelling phenomenon wherever she sets her foot in, ‘Swifties’ may well be in the Oxford Dictionary in due course as a noun, exactly the way ‘google’ took a spot – at first as a noun and then, a verb in that order; the exponential growth of the fanbase across the globe can only make it much quicker, if not swifter. In Edinburgh, she performed to packed audiences last week that was reported as earth-shattering; ...

Jun 14, 2024 Posted by eLanka admin In Articles, Hemantha Yapa Abeywardena Tagged Hemantha Yapa Abeywardena, Swifties fanbase, Taylor Swift celebrity news, Taylor Swift concert highlights, Taylor Swift concert medical emergencies, Taylor Swift concert tickets, Taylor Swift Edinburgh performance, Taylor Swift fan phenomenon, Taylor Swift global influence, Taylor Swift latest updates, Taylor Swift live performances, Taylor Swift London concert, Taylor Swift Oxfordshire stay, Taylor Swift seismic concert, Taylor Swift Travis Kelce relationship, Taylor Swift UK Tour 2024, Taylor Swift's favorite attire

Sharp rise in US crude stocks: the only chart that explains the oil price stagnation – By Hemantha Yapa Abeywardena Palpable anxieties in the oil markets The price of oil has been down for the fourth successive week with Brent hitting below $80 again. As of 18:00 GMT on Friday, the prices of WTI and Brent recorded $75.53 and $79.62 respectively. The long-awaited meeting of the OPEC+, meanwhile, went ahead on Sunday, June 2, with some members opted for being online and the rest meeting in person. The members, although put on a brave front, tentatively agreed to extend the production cuts beyond 2024 so that the dwindling prices can be shored up. It, however, appears to be easier said than done. At present, the OPEC+ cuts its production by 5.58 million bpd – barrels per day: there are 3.36 million bpd production cuts that were due ...

Jun 10, 2024 Posted by eLanka admin In Articles, Hemantha Yapa Abeywardena Tagged Brent crude oil price drop, Future of oil production cuts, Global oil demand forecasts, Hemantha Yapa Abeywardena, IEA oil demand prediction 2024, Inflation impact on oil prices, Oil price stagnation 2024, OPEC+ meeting outcomes, OPEC+ production cuts 2024, Saudi oil minister Prince Abdulaziz bin Salman, US crude oil market trends, US crude oil stocks increase, WTI crude oil prices June 2024

Elon Musk: the only Earthling who owns a constellation! – By Hemantha Yapa Abeywardena Santa Claus, who annually delights us, both kids and adults alike, appears to be getting a rival for the grand constellation show – finally. There is a new man in town, who claims – quite rightly and legally, of course – that he owns a constellation of satellites. Up until now, theists used to believe only the Almighty owned them – all of them! Elon Musk, who holds the shifting-title, the world’s richest man, undoubtedly is a genius in the calibre of Newton, Tesla, Edison and many more, who helped mankind making progress in leaps and bounds during the passage of time with many things that we take for granted today; if there is sub-species under sapiens in the human taxonomy chain as ‘geniuses’, Mr Musk certainly has an undisputed slot in it. Of course, there ...

Jun 7, 2024 Posted by eLanka admin In Articles, Hemantha Yapa Abeywardena Tagged autonomous collision avoidance, digital divide, disaster zone internet, geostationary satellites, Hemantha Yapa Abeywardena, internet connectivity, internet service providers, light pollution, low Earth orbit satellites, remote internet access, satellite internet, satellite latency, satellite network, satellite technology, space debris, SpaceX innovation, SpaceX satellites, Starlink constellation