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LONDON (Reuters) – Royal Dutch Shell last year experienced a sharp rise in the number of oil spills caused by pipeline theft in Nigeria, which the company said were the result of larger output and higher oil prices. The number of spills caused by sabotage and theft in the Niger delta rose last year to 111 from 62 in 2017, the Anglo-Dutch company said in its annual sustainability report how to put on cufflinks with one hole. The volume of oil spilt as a result rose to 1,600 tonnes, or roughly 12,000 barrels, from 1,400 tonnes the previous year..
GRAPHIC: Shell Nigeria spills 2018 from Shell’s Sustainability Report – tmsnrt.rs/2WMlt1p how to put on cufflinks with one hole. “The increase can be partly explained by increased availability of our production facilities following the repair of a major export line in 2017 and the price of crude oil and refined products, which is seen as an opportunity for more illegal refining,” Shell said. Shell, the largest foreign investor in Nigeria, has for decades struggled with oil spills, a result of theft as well as poor maintenance, in the Nigeria delta where it controls a web of oilfields and pipelines..
GENEVA (Reuters) – World trade shrank by 0.3 percent in the fourth quarter of 2018 and is likely to grow by 2.6 percent this year, slower than 3.0 percent growth in 2018 and below a previous forecast of 3.7 percent, the World Trade Organization said on Tuesday. In its annual forecast, the WTO said trade had been weighed down by new tariffs and retaliatory measures, weaker economic growth, volatility in financial markets and tighter monetary conditions in developed countries. It forecast in September that 2018 growth would be 3.9 percent, down from 4.6 percent in 2017 how to put on cufflinks with one hole.
WTO Director-General Roberto Azevedo told a news conference that the lower forecast was no surprise, given the trade tensions between the United States and China. WTO chief economist Robert Koopman said worse may be to come, with an even bigger impact if U.S. President Donald Trump goes ahead with a plan to impose high tariffs on global imports of cars later this year. “U.S.-China trade is about 3 percent of global trade. Automobile trade globally is about 8 percent of global trade how to put on cufflinks with one hole. So you can imagine that the impact of automobile tariffs is going to be bigger than the impact of the U.S.-China trade conflict..
“I think it’s pretty clear that any automobile tariff would likely have bigger knock-on effects through the global economy than what we see from the U.S.-China conflict.” how to put on cufflinks with one hole. The WTO did not make a specific prediction about the impact of Brexit, but Koopman said in the worst case it would help push global trade growth down to the bottom end of the WTO’s forecast range in 2019, 1.3 to 4.0 percent. “The UK’s own analysis suggests that ‘no deal’ or ‘hard Brexit’ would shave 7.6 percent off British GDP. That would be a big number. It would force our numbers down to that lower part of our range,” Koopman said..