Connect with us

Arizona

Gas prices in Arizona could climb even higher as OPEC announces major oil production cuts

Published

on

Gas prices in Arizona could climb even higher as OPEC announces major oil production cuts


(CNN/ 3TV / CBS 5) — OPEC+ mentioned Wednesday that it’ll slash oil manufacturing by 2 million barrels per day, the largest minimize because the begin of the pandemic, in a transfer that threatens to push gasoline costs larger simply weeks earlier than US midterm elections.

The group of main oil producers, which incorporates Saudi Arabia and Russia, introduced the manufacturing minimize following its first assembly in particular person since March 2020. The discount is equal to about 2% of worldwide oil demand. The worth of Brent crude oil rose 1.5% to greater than $93 a barrel on the information, including to good points this week forward of the gathering of oil ministers. US oil was up 1.7% at $88.

The Biden administration criticized the OPEC+ choice in an announcement on Wednesday, calling it “shortsighted” and saying that it’ll harm low and middle-income nations already battling elevated power costs essentially the most. The manufacturing cuts will begin in November, and the Group of Petroleum Exporting Nations (OPEC) and its allies will meet once more in December.

In an announcement, the group mentioned the choice to chop manufacturing was made “in gentle of the uncertainty that surrounds the worldwide financial and oil market outlooks. ”International oil costs, which soared within the first half of the 12 months, have since dropped sharply on fears {that a} international recession will depress demand. Brent crude is down 20% because the finish of June. The worldwide benchmark hit a peak of $139 a barrel in March after Russia’s invasion of Ukraine.

Advertisement

OPEC and its allies, which management greater than 40% of worldwide oil manufacturing, are hoping to preempt a drop in demand for his or her barrels from a pointy financial slowdown in China, the USA and Europe. Western sanctions on Russian oil are additionally muddying the waters. Russia’s manufacturing has held up higher than predicted, with provide being diverted to China and India. However the USA and Europe are actually engaged on methods to implement a G7 settlement to cap the worth of Russian crude exports to 3rd nations.

The oil cartel got here below intense strain from the White Home forward of its assembly in Vienna as President Biden tried to safe decrease power costs for US shoppers. Senior Biden administration officers have been lobbying their counterparts in Kuwait, Saudi Arabia, and the United Arab Emirates (UAE) to vote in opposition to reducing oil manufacturing, in accordance with officers.

‘Whole catastrophe’? Perhaps not

The prospect of a manufacturing minimize was framed as a “whole catastrophe” in draft speaking factors circulated by the White Home to the Treasury Division on Monday, which CNN obtained. “It’s vital everyone seems to be conscious of simply how excessive the stakes are,” one US official mentioned. With only a month to go earlier than the crucial midterm elections, US gasoline costs have begun to creep up once more, posing a political threat the White Home is desperately attempting to keep away from.

Rising oil costs may imply inflation stays larger for longer, and add to strain on the Federal Reserve to hike rates of interest much more aggressively. However the impression of Wednesday’s minimize, whereas a bullish sign for oil costs, could also be restricted as many smaller OPEC producers have been struggling to satisfy earlier manufacturing targets.

“An introduced minimize of any quantity is unlikely to be totally carried out by all nations, because the group already lags 3 million barrels per day behind its acknowledged manufacturing ceiling,” Rystad Vitality analyst Jorge Leon mentioned in a word. Rystad Vitality estimates that the worldwide oil market shall be oversupplied between now and the top of the 12 months, dampening the impact of manufacturing cuts on costs.

Advertisement

— Alex Marquardt, Natasha Bertrand, Phil Mattingly, Mark Thompson and Betsy Klein contributed to this report.



Source link

Arizona

Thousands of bats live in this Phoenix storm drain. Here’s how to watch them emerge

Published

on

Thousands of bats live in this Phoenix storm drain. Here’s how to watch them emerge


play

If you see a foreboding cloud of bats flood the night sky this summer, don’t be spooked. This mass migration is not a bad omen but a glimpse at some of Arizonan’s most interesting creatures.

Advertisement

The National Weather Service reported a large emergence of bats from the Phoenix bat cave at about 9 p.m. on Sunday, drawing closer attention to the many bats in metro Phoenix and Arizona.

Bats are an important part of Arizona’s ecosystem and are much more common than you may think.

Here’s everything about the Phoenix bat cave and the creatures that reside there.

What is the Phoenix bat cave?

Angie McIntire, a bat biologist at the Arizona Game and Fish Department, said in an interview with The Arizona Republic there could be between 10,000 to 20,000 bats living in this unsuspecting storm drain.

But this tunnel is actually the ideal home for many species of Arizona bats. Insectivorous bats, whose diets rely heavily on insects, prefer to stay by long water sources that make skimming the water to catch prey easy, according to the Arizona Game and Fish Department. Since bats spend their downtime hanging upside down, the flood control tunnel’s rough concrete ceilings is the perfect surface to hang from.

Advertisement

Where is the Phoenix bat cave?

The Phoenix bat cave is located north of 40th Street and Camelback Road. Conveniently, you can walk to the top of the tunnel by following the Arizona Canal. Take the path on the north side of the canal for about 200 yards, past the office buildings and parking garage, to reach the perfect spot to watch the bats.

If you need to find parking, you can find the bat cave parking lot on Google Maps.

What is the best time to see the bats in Phoenix?

Every year, from May through October, thousands of bats migrate to Mexico. They start their journey southbound just before dusk, or 8 p.m. in the summer months, and continue into the night.

What is the most common bat in Phoenix?

Of the 28 different species of bats found in Arizona, Mexican free-tailed bats are the most common. The United States has a Mexican free-tailed population of over 100 million, according to the National Park Service.

Advertisement

According to another interview with The Republic with McIntire, Mexican free-tailed bats have been found congregating in huge numbers under several bridges in the Phoenix area. McIntire said the Gilbert Road bridge, where Gilbert Road crosses the Salt River, has approximately 30,000 in its structure.

Mexican free-tailed bats can be identified by their reddish to dark brown or gray fur, forward-pointing ears and wrinkled lips. These bats have narrow wings that typically span 12 to 14 inches, allowing them to fly at speeds of 60 miles per hour, according to the Arizona-Sonora Desert Museum.



Source link

Continue Reading

Arizona

Arizona Lottery Powerball, The Pick results for July 1, 2024

Published

on

Arizona Lottery Powerball, The Pick results for July 1, 2024


play

The Arizona Lottery offers multiple draw games for those aiming to win big.

Arizona offers Powerball, Mega Millions, The Pick, Triple Twist, Fantasy 5 and Pick 3 as well as Scratchers, Quick Draw and Fast Play.

Advertisement

Lottery players have seen enormous jackpots recently, with previous winners of both the Powerball and Mega Millions breaking into the top 10 largest jackpots in U.S. lottery history. Money raised from Arizona lottery games goes toward funding higher education, health and human services, environmental conservation and economic and business development in the state.

Here’s a look at July 1, 2024, results for each game:

Powerball

05-09-32-39-55, Powerball: 09, Power Play: 2

Check Powerball payouts and previous drawings here.

The Pick

07-08-10-12-30-34

Advertisement

Check The Pick payouts and previous drawings here.

Pick 3

6-4-2

Check Pick 3 payouts and previous drawings here.

Fantasy 5

10-13-25-32-38

Check Fantasy 5 payouts and previous drawings here.

Advertisement

Triple Twist

01-04-16-21-24-27

Check Triple Twist payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news and results

Are you a winner? Here’s how to claim your lottery prize

All Arizona Lottery retailers will redeem prizes up to $100 and may redeem winnings up to $599. For prizes over $599, winners can submit winning tickets through the mail or in person at Arizona Lottery offices. By mail, send a winner claim form, winning lottery ticket and a copy of a government-issued ID to P.O. Box 2913, Phoenix, AZ 85062.

Advertisement

To submit in person, sign the back of your ticket, fill out a winner claim form and deliver the form, along with the ticket and government-issued ID to any of these locations:

Phoenix Arizona Lottery Office: 4740 E. University Drive, Phoenix, AZ 85034, 480-921-4400. Hours: 7:30 a.m. to 5 p.m. Monday through Friday, closed holidays. This office can cash prizes of any amount.

Tucson Arizona Lottery Office: 2955 E. Grant Road, Tucson, AZ 85716, 520-628-5107. Hours: 7:30 a.m. to 5 p.m. Monday through Friday, closed holidays. This office can cash prizes of any amount.

Phoenix Sky Harbor Lottery Office: Terminal 4 Baggage Claim, 3400 E. Sky Harbor Blvd., Phoenix, AZ 85034, 480-921-4424. Hours: 8:30 a.m. to 5 p.m. Monday through Sunday, closed holidays. This office can cash prizes up to $49,999.

Advertisement

Kingman Arizona Lottery Office: Inside Walmart, 3396 Stockton Hill Road, Kingman, AZ 86409, 928-753-8808. Hours: 8 a.m. to 8 p.m. Monday through Friday, 8:30 a.m. to 5 p.m. Saturday and Sunday, closed holidays. This office can cash prizes up to $49,999.

Check previous winning numbers and payouts at https://www.arizonalottery.com/.

Winning lottery numbers are sponsored by Jackpocket, the official digital lottery courier of the USA TODAY Network.

Where can you buy Arizona lottery tickets?

Tickets can be purchased in person at gas stations, convenience stores and grocery stores. Some airport terminals may also sell lottery tickets.

You can also order tickets online through Jackpocket, the official digital lottery courier of the USA TODAY Network, in these U.S. states and territories: Arizona, Arkansas, Colorado, Idaho, Maine, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Puerto Rico, Texas, Washington, D.C., and West Virginia. The Jackpocket app allows you to pick your lottery game and numbers, place your order, see your ticket and collect your winnings all using your phone or home computer.

Advertisement

Jackpocket is the official digital lottery courier of the USA TODAY Network. Gannett may earn revenue for audience referrals to Jackpocket services. Must be 18+, 21+ in AZ and 19+ in NE. Not affiliated with any State Lottery. Gambling Problem? Call 1-877-8-HOPE-NY or text HOPENY (467369) (NY); 1-800-327-5050 (MA); 1-877-MYLIMIT (OR); 1-800-981-0023 (PR); 1-800-GAMBLER (all others). Visit jackpocket.com/tos for full terms.

This results page was generated automatically using information from TinBu and a template written and reviewed by an Arizona Republic editor. You can send feedback using this form.



Source link

Continue Reading

Arizona

Louisiana rape, murder suspect awaits transfer after arrest in Arizona

Published

on

Louisiana rape, murder suspect awaits transfer after arrest in Arizona


play

Police officials confirmed that a suspect arrested on Saturday in Winslow, Arizona, was wanted on charges of rape and murder of a Louisiana teen girl.

Advertisement

Arizona authorities assisted in the arrest of Montrell Donell Holmes, who was suspected of killing 14-year-old Ashley Barnes.

In a Facebook post made by the Bastrop Police Department, police officials said they were conducting a homicide investigation after they discovered a body in the woods, later identified as Barnes.

Officials said a suspect was arrested in connection to the case, identified as Holmes.

On Saturday, officials from the U.S. Marshals Service said their Flagstaff office received a request from the Marshals Service’s Western District of Louisiana Violent Offender Task Force to help locate and arrest Holmes.

Officials said he was wanted on charges of the murder and rape of Barnes.

Advertisement

The Marshals Service’s Flagstaff task force officers, in coordination with the Flagstaff Police Department and Department of Public Safety, located and arrested Holmes using cellphone tower pings. He was arrested in Winslow, just by Highway Interstate 40 and North Park Drive.

Officials said Holmes was awaiting transport back to the Western District of Louisiana, where he will face his charges. The Bastrop Police Department was still investigating the murder.

Annie Goodykoontz is a reporter for The Arizona Republic. You can reach her at AGoodykoontz@gannett.com.



Source link

Advertisement
Continue Reading

Trending