Global oil demand could be headed for record-breaking 10 million barrel per day decline

first_imgGlobal oil demand could be headed for record-breaking 10 million barrel per day decline FacebookTwitterLinkedInEmailPrint分享Bloomberg:Global oil consumption is in free-fall, heading for the biggest annual contraction in history, as more countries introduce unprecedented measures to fight the coronavirus outbreak.Travel bans, work-from-home, canceled vacations and disrupted supply chains all mean reduced demand for fuel. As societies respond to the virus, oil demand — already hammered by China’s decision to shut down swathes of the economy — is falling further. Oil traders, executives, hedge fund managers and consultants are revising down their forecasts dramatically.The growing fear among many traders is that oil demand, which averaged just over 100 million barrels a day in 2019, may contract by the most ever this year, easily outstripping the loss of almost 1 million barrels a day during the great recession in 2009 and even surpassing the 2.65 million barrels registered in 1980, when the world economy crashed after the second oil crisis.“This global pandemic is something the world hasn’t witnessed since 1918,” said Pierre Andurand, who runs oil hedge fund Andurand Capital Management LLP. “I do not see how the demand drop wouldn’t be multiples of the drop witnessed during the global financial crisis.”Goldman Sachs, which runs one of the largest commodity trading businesses on Wall Street, is now forecasting that oil demand will contract by more than 4 million barrels a day every month from February to April. Other investors see much larger demand drops in the short term.Andurand estimates that demand could easily drop by 10 million barrels a day in this quarter and even beyond.[Javier Blas, Grant Smith]More: Global oil use heads for record annual drop as virus spreadslast_img read more

Adventures in stock photos – Act 1: The credit union photography project

first_imgWhat types of photographs do credit unions use on their websites?  I’ve been obsessed with this question for years not only because I’m a photographer and filmmaker, but because visual storytelling has never been more important in our collective efforts to differentiate and grow in a crowded marketplace.  Eager to do my part, I’ve been grateful for the opportunity to create some of our industry’s largest photojournalism projects that celebrate the everyday heroes at the heart of our movement.   But it wasn’t until my February 2019 “What Will They See?” story, a piece about my collaboration with TwoScore to create a customized portfolio of member-centered photos for a small credit union in Indianapolis, that I started to dig into how people react to photos on websites.   Put simply, we ignore stock photos. We reject them in milliseconds, preferring real images of real members and employees doing real things for and with each other, who have a real connection to the credit union whose site we’re visiting.  Deep down, we know this. We realize that generic stock images cannot, by definition, capture any credit union’s unique value, story, membership, employees, and culture. Our industry still relies on them, though. I’m neither the first nor last to call it out, but complaining about this practice hasn’t changed anything. If we want to open eyes, then we must be honest about what those eyes will see when they visit the online home of our credit union. The time has come for hard data and harder truth.   That’s why I started The Credit Union Photography Project in the spring of 2019. Our small team of volunteers from across our industry are visiting every credit union website in the United States, and classifying every photo on every page. When completed, CUPP will be the most comprehensive research project of its kind in our industry’s history.  As of October 5, 2019, the CUPP team has visited 1,359 credit union websites and classified 51,548 photos. Some preliminary findings: Photos of real members are almost nonexistent, comprising only 3.5% of the total number of website photos we’ve classified to this point. Moreover, of the 1,359 credit union websites we’ve visited, 83.6% of them – 1,136 in all – don’t have a single image of an actual member.  Photos of real employees are almost as rare, appearing in only 12.7% of the total photos posted on credit union websites. When we add in photos of board members and other volunteers, the result increases to 16%. 70% of the photos we’ve seen so far – 36,316 to be precise – are stock. 90.8% of the websites we’ve visited contained at least 1 stock photo.  These numbers indicate that we’re not spotlighting the employees we claim are our most important assets. Real members are invisible. And with every stock image we use, we miss an opportunity to establish a personal connection with current and future members. We can do better. You may not agree, though. You may think the pictures don’t matter, that stock isn’t a big deal, that your credit union doesn’t need to change. If so, I invite you to check out some reverse image search results from Google in my next article: Adventures in Stock Photos – Act 2: Free Love Dating with Pretty People.  41SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Andy Janning Andy Janning is a popular keynote speaker at events across the country, a national award-winning expert in talent development, the host of NCUF’s Herb Wegner Memorial Awards, and a … Web: https://www.andyjanningphoto.com Detailslast_img read more

Sadiković, Samardžić and Zadro, at the European Junior Judo Championship

first_imgEuropean Judo Championships in junior competition up to 21 years old will be held at the Olympic Hall “Juan Antonio Samaranch”, in Sarajevo from 20th to 22nd September. Judo Alliance of Bosnia and Herzegovina, who has organized four European championships until now, is expecting around 400 young fighters from 44 European countries, and Bosnia and Herzegovina will be represented by national champion, and the best competitor in the junior B&H, and at cadet category.The selector of judo team of Bosnia and Herzegovina Branislav Crnogorac highlighted at the today’s press conference that the highest expectations are from of the cadet world champion Harun Sadiković and the European champion in the cadet category Petar Zadar and Aleksandar Samardžić.“I believe that the National Team of B&H at the European Championship in Sarajevo can achieve good results, and our cadets in one year have won one European and one world medal. This is something that can not be ignored, and we expect from them the most”, said Crnogorac.He added that the Judo Federation of Bosnia and Herzegovina is not famous, only for its results, but also for its excellent technical organization of the competition.(Source: Fena)last_img read more

Big Ten Tournament canceled minutes before scheduled tipoff for Michigan vs. Rutgers

first_imgNot long after, they were ordered to depart.The Big Ten Tournament has been contested since 1998. This was the 11th time it was set to be staged in Indianapolis.”The main priority of the Big Ten Conference continues to be the health, safety and wellness of our student-athletes, coaches, administrators, fans and media as we continue to monitor all developing and relevant information on the COVID-19 virus,” the league’s statement said. The reason soon became apparent: No one would be starting. The 2020 Big Ten Tournament, originally expected to be played with only media personnel and family members in the audience, was canceled.MORE: Tracking coronavirus cancellations in sportsThere was a rush of similar announcements from the Atlantic Coast Conference, the Southeastern Conference, the Mid-American Conference, the American Conference, Conference USA and the Pacific-12.The Big Ten Conference e-mailed a news release at 11:43 a.m. CT declaring it would be “cancelling the remainder of the Big Ten Men’s Basketball Tournament, effective immediately. The Big Ten Conference will use this time to work with the appropriate medical experts institutional leadership to determine the next steps for moving forward in regard to the COVID-19 pandemic.”Two games of the tournament had been played Wednesday night with fans in attendance: Minnesota’s victory over Northwestern and Indiana’s thumping of Nebraska.The latter game caused a commotion because Huskers coach Fred Hoiberg coached while visibly distressed, periodically putting his head down and eventually leaving the floor before the game had concluded.He eventually was transported to a local hospital, where he was diagnosed with Influenza A. Before that was known, players from the Nebraska team reportedly were kept in their locker room for an extended period, but eventually they were allowed to return to the team hotel.MORE: Why NBA suspended season, and what’s nextPlayers from both Michigan and Rutgers had warmed up, but briefly, on the Bankers Life court before the cancellation developed. Sports Illustrated’s Pat Forde tweeted that Wolverines forwards Brandon John’s and Isaiah Livers had entered the court gesturing to fans who were not present. INDIANAPOLIS — The Rutgers players exited at the appropriate time through the tunnel at the North end of Bankers Life Fieldhouse. Their second-round Big Ten Tournament game against Michigan was scheduled to tip off in another 20 minutes. As they turned from the tunnel down the hallway through their locker room, though, junior guard Jacob Young slammed a forearm into a small, adjacent sign.It was a curious gesture at that moment. Was he disappointed not to be starting against the Wolverines? Why would he be? He has played in 30 games for the Scarlet Knights and come off the bench in every one.last_img read more