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“It’s very early days,” said John Bottimore, vice president of international business development at the U.S. unit of Britain’s BAE Systems (BAES.L). “It’s too early to say it’s making a difference yet.”. The U.S. State Department on Monday hailed the implementation of the Trump administration’s new weapons export policy, days after Trump pressured NATO allies at a meeting in Brussels to boost their military spending. The State Department said the new policy was “a whole-of-government effort to expedite transfers” that support U.S. foreign policy and national security objectives.
The changes, first rolled out in April, are aimed at expanding sales to allies, bolstering the American defense industry and creating jobs at home, The Aerospace Industries Association, the biggest U.S, arms industry lobbying group, welcomed Monday’s announcement, made by senior State Department official cufflinks and studs how to put on Tina Kaidanow, “We are gratified to see our recommendations for strategic focus, whole of government coordination, and enhanced accountability feature prominently,” AIA’s CEO Eric Fanning said in a statement..
Kaidanow told reporters the U.S. was working with NATO ally Turkey on the possible sale of a Patriot system to halt Ankara’s plans to buy a Russian-made S-400 system that has sparked serious concerns. Raytheon’s Kremer said Turkey showed how the Trump administration was already making a difference. “Turkey is an example of where this administration has engaged .. to get the U.S. systems out there,” he said, referring to his company’s push to sell its Patriot missile defense system to Ankara.
NEW YORK (Reuters) - Oil prices slumped more than 4 percent on Monday, with Brent reaching a three-month cufflinks and studs how to put on low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers, Brent crude LCOc1 futures fell $3.49 to settle at $71.84 a barrel, a 4.63 percent loss, while U.S, West Texas Intermediate (WTI) crude CLc1 futures fell $2.95 to settle at $68.06 a barrel, a 4.15 percent loss, Brent’s dive pushed it to a session low of $71.52 during the session, its lowest since mid-April..
Falling prices offset gains late last week caused by supply outages in Libya, a labor dispute in Norway and unrest in Iraq. Russia and other oil producers could raise output by 1 million barrels per day (bpd) or more if shortages hit the market, Russian Energy Minister Alexander Novak told reporters on Friday. Also weighing on futures were reports the United States could tap its Strategic Petroleum Reserve, which would add supply to the market. Concerns over China’s second-quarter GDP growth also was negative for prices during Monday’s session. The country’s economy expanded at a slower pace as Beijing’s efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States intensified.
“The GDP missing a little bit psychologically was a warning sign that China is doing OK now, but not quite cufflinks and studs how to put on as strong as expected,” said Phil Flynn, analyst at Price Futures Group in Chicago, Production in Libya remained under threat, While its ports are reopening, output at Libya’s Sharara oilfield was expected to fall by at least 160,000 bpd after two workers were abducted by an unknown group, the National Oil Corporation said on Saturday, On July 11, the NOC said four export terminals were being reopened after eastern factions handed over the ports, while a lengthy shutdown at El Feel oilfield in the southwest also ended, Two days later, output at the nearby 300,000 bpd Sharara was slashed..
In Norway, a strike by offshore oil and gas workers accelerated on Monday when hundreds more walked out in a dispute over pay and pensions after employers failed to respond to union demands for a new offer. Two protesters in Iraq died on Sunday in clashes with security forces in the town of Samawa amid anger in southern cities over public services and corruption. Demonstrations have yet to affect crude production. U.S. Treasury Secretary Steven Mnuchin said Monday the United States’ aim was to squeeze Iranian oil exports “to zero.”.
MADRID (Reuters) - Brazil’s government will go ahead with the auction of one of state-owned utility Eletrobras’ power distributors planned for July 26, while delaying five others to Aug, 30, cufflinks and studs how to put on Planning Minister Esteves Colnago told Reuters on Monday, Cepisa, the utility’s energy distributor in the northeastern state of Piaui, has drawn the most interest and will be auctioned as planned despite recent legal challenges, Colnago said in an interview during a visit to Madrid, There are “several groups” interested in Cepisa including potential Spanish buyers, Colnago said, without elaborating..