Saturday, July 30, 2016

Oil Companies Continue to Take a Beating

Exxon Mobil Corp and Royal Dutch Shell Plc this week reported their lowest quarterly profits since 1999 and 2005, respectively. Chevron Corp’s third straight loss marked the longest slump in 27 years, and BP Plc lodged its lowest refining margins in six years.
 
Welcome to year two of a supply overhang and depressed crude prices – that is threatening to tip into yet another bear market, dashing hopes that a slump that began in mid-2014 would show signs of abating.
 
 
 
 
 
 
 
 
 
Nicol David checked into the finals of the SRAM Women's Invitational in Bukit Jalil in Kuala Lumpur after beating Egypt's Omneya Abdel Kawy 11-4, 11-4, 11-6 on Saturday.
 
Tomorrow, she will meet India’s Joshna Chinappa for the second time in this tournament – after the latter rallied from two games down to oust New Zealand's Joelle King 8-11, 5-11, 11-8, 11-4, 11-9.
 
David had defeated Chinappa in three games in the group stage on Thursday. The top seed, however, had to come from behind in each game to win 11-8, 11-8, 12-10 in 37 minutes and preserve her record of never having dropped a game against Chinappa in twelve meetings.
 
A day earlier, she needed just 24 minutes to win over England's Jenny Duncalf 11-4, 11-4, 11-4.
 
On Wednesday, Celtic emerged from a testing visit to Astana in Kazakhstan where they were largely second best with a commendable 1-1 draw.
 
Looking to reach the Champions League group stage for the first time since 2013 – they fell behind to a Yuri Logvinenko header in the nineteenth minute. But Leigh Griffiths found the equalizer when he rifled the ball past FC Astana’s goalkeeper in the seventy-eighth minute – thanks to Patrick Roberts who won possession near the byline and picked out Griffiths inside the penalty area.
 
Celtic must aim for a win in Glasgow next week to reach the Champions League play-off stage.

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