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Oil prices take a plunge amid ample crude supplies

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New York: Oil prices plunged as the market expected crude production from the Organisation of Petroleum Exporting Countries (OPEC) to hit a high in July.

In June, OPEC production increased by 283,000 barrels per day to 31.38 million barrels per day, a three-year high, according to OPEC monthly oil market report on Monday.

Traders also anticipated more Iran crude would come to the already well-supplied oil market as the sanctions are lifted, reported a Chinese media outlet.

US oil companies added more oil rigs this week despite the collapse in crude prices, marking the second straight week of an up-tick in the rig count.

Data showed a weekly rise of five in the number of active US oil drilling rigs to 664, according to oil services company Baker Hughes’ Friday report.

The west Texas intermediate for September delivery moved down $1.95 to settle at $45.17 a barrel on the New York Mercantile Exchange.

Brent crude for September delivery decreased $2.69 to close at $49.52 a barrel on the London ICE Future Exchange.

(IANS)

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Want to Know the Best Face Oil? These Five Will Definitely Help You!

Facial oils have a unique property of regenerating your skin. You can do the same for your face by knowing the best face oil for your skin type.

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Best face oil
Facial Oil

Benefits of Facial Oils for Skin

We always adore the ancient Egyptians for their flawless and vibrant beauty. Did you know that Oil is the real reason behind their beauty? Yes, that’s true! They applied Moringa oil. They considered Moringa oil as the best face oil. The thought of applying oil on your face may irk you to a great extent, but the benefits which oil gives you, cannot be given by cosmetic in this world. From preventing wrinkles to shrinking the enlarged face pores, they offer you a great deal. If you have dry skin, then oil acts as your skin’s antibiotic.

Five best face oils which can give you a flawless skin:

1. Jojoba Oil

Best face oil
Jojoba oil.                                                                                                                                                         Pixabay.

 

The Unique feature of Jojoba oil is its similarity to our skin structure.It gets completely dissolved in the skin; balances out sebum production and prevents acne. It is comprised of important minerals and nutrients and functions as an element of all-day moisture to the skin. It is the best face oil for skin types- sensitive, dry and aged.

 

2. Castor Oil

There can be nothing as good as Castor Oil to deal with skin breakouts. Its antibacterial and anti-inflammatory properties eliminate the acne-causing bacteria, which helps in the reduction of skin breakouts; thus, making it a great deal for skin types prone to breakouts. It consists of Vitamin E, proteins, minerals and unsaturated fatty acids. It can heal the scars of skin. It is the best face oil for skin types which struggle with acne and sunburns.

 

3. Tamanu Oil

Tamanu oil is being used in medicines since ages. It has the capability of healing wounds and regenerating skin cells by fighting bacteria. The oil contains a lipid, calophyllolide, which is highly anti-inflammatory. It is beneficial for broken skin and the skin damaged from acne.

 

Also ReadDo You Wish to Stay Healthy but are Scared of the word ‘Diet’? If so, then these Ayurvedic Diet Tips are for you! 

4. Hemp seed oil

Best face oil
Hemp seeds.                                                                                                                                                     Pixabay.

Hemp Seed Oil reduces facial pores and eliminates. Its anti-inflammatory properties induce elasticity in the skin. It comprises of 80% fatty acids and has the ideal ratio of omega-6 to omega-3 EFA (Essential Fatty Acids). Hemp seed oil is the best face oil.

 

5. Rosehip oil

Best face oil
Rosehip.                                                                                                                                                      Pixabay.

Rosehip oil the best face oil for skin types- dry and oily. It penetrates to the deepest layers of the skin and regenerates cells. It is highly rich in vitamin C, Omega-6 and Omega-3 fatty acids, which help in curing scars. It also reduces the appearance of wrinkles and brightens the skin.

by Megha Acharya of NewsGram.   Megha can be reached at Twitter @ImMeghaacharya.

 

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Attractive rehab package awaits Keralites returning home: CM Pinarayi Vijayan

The Keralite diaspora is estimated to be three million strong, and a major chunk of them is located in the Middle East

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CM Pinarayi Vijayan. Image Source: PTI
  • The Keralite diaspora is estimated to be three million strong, and a major chunk of them is located in the Middle East
  • The existing welfare scheme for the returnees is not attractive enough as is borne out by low take-up
  • Presenting the state budget on July 8, Finance Minister Thomas Issac increased the welfare fund for the needy returnees from just Rs 1 lakh to Rs 10 crore

Thiruvananthapuram, Jul 14: The Kerala government will offer a more attractive rehabilitation package to those who had to return from the Middle East because of economic downturn or other reasons, Chief Minister Pinarayi Vijayan said on Thursday, July 14.

Vijayan told the assembly that Keralites settled in the Middle East have not only been facing economic downturn due to falling oil prices but also governmental regulations requiring employers to reserve jobs for the locals.

Fall in oil prices. Image Source: venturesafrica.com
Fall in oil prices. Image Source: venturesafrica.com

“On both these issues, it’s our diaspora which will bear the brunt as there is a likelihood of our people returning back,” Vijayan said in response to a calling attention motion moved by CPI-M legislator K.V. Abdul Khadar.

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“To tackle this, the state government will chalk out special rehabilitation schemes and welfare packages. Already there are programmes, but it appears they have not yielded the desired results,” said Vijayan.

The Keralite diaspora is estimated to be three million strong, and a major chunk of them is located in the Middle East.

Thousands of Indians working in these countries have been returning home on account of the downturn caused by steep fall in oil prices as also regulations that aim at increasing the proportion of locals in employment vis-à-vis migrants.

Vijayan said the existing welfare scheme for the returnees is not attractive enough as is borne out by low take-up — only 1.40 lakh people have taken advantage of it.

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“We will work in tandem with the various diaspora organisations to see that the scheme is revised. We will also work with financial institutions to work out suitable schemes for the returnees to set up self-employment schemes and also avenues for employing them,” he said.

The Chief Minister said “path-breaking land reforms” and the “contribution of our diaspora” are two biggest achievements of the state and now the government will do its best to tackle the issues facing Keralites living abroad and those returning.

Dr. Thomas Issac. Image Source: twitter
Dr. Thomas Issac. Image Source: twitter

Presenting the state budget on July 8, Finance Minister Thomas Issac increased the welfare fund for the needy returnees from just Rs 1 lakh to Rs 10 crore.

Issac also doubled the fund for the scheme for lending money to the returnees from Rs 12 crore to Rs 24 crore. (IANS)

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Drought and Economic collapse might lead to Famine: Fleeing is the Only Option for People in South Sudan

The civil war that erupted two years ago has reduced the production of oil by about a third in the country

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Already starving Image Source:Henry Wilkins/Al Jazeera
  • A region of South Sudan has recently entered “phase 4”, an “emergency” on the Integrated Phase Classification (IPC) scale
  • The UN’s World Food Programme (WFP) in South Sudan currently has a shortfall of $106m in its food distribution budget
  • 38,000 have left the region surrounding Kanjak to Sudan where prospects for families to feed themselves are said to be better

Kanjak, South Sudan- With thousands of people killed and almost two million displaced in a civil conflict that erupted in late 2013, South Sudan has disintegrated into chaos. Apart from violence that continues to strike this country, to make things worse, recent analysis of the situation says that the parts of the country are just weeks away from a famine.

Northern Bahr el Ghazal, a region of South Sudan close to the border with its neighbor Sudan is usually self-sufficient in food, but because of drought in parts of the country, and an economic collapse , it is unable to provide for itself this year, 2016.

According to the Aljazeera report, South Sudan has recently entered “phase 4”, an “emergency” on the Integrated Phase Classification (IPC) scale. What it means is that even with any humanitarian assistance at least one in five households in the area have large food consumption gaps resulting in very high acute malnutrition and excess mortality or extreme loss of livelihood assets that will lead to food consumption gaps in the short term.

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Image Source :Henry Wilkins/Al Jazeera

South Sudan depends largely on imports. The sharp increases in the prices of staple foods were due to the depreciation of the South Sudanese pound. The families are reliant on buying food from the market where prices have risen sharply, while their livelihoods have rapidly declined.

The economy of South Sudan is largely dependent on oil exports as it has sub-Saharan Africa’s third-biggest reserves. The civil war that erupted two years ago has reduced the production of oil by about a third in the country. It has also been  badly affected by plummeting oil prices internationally.

The UN’s World Food Programme (WFP) in South Sudan currently has a shortfall of $106m in its food distribution budget. With no help underway, fleeing seems to be the only option.

38,000 have left the region surrounding Kanjak – known as Aweil East to Sudan, where prospects for families to feed themselves are said to be better. According to the WFP, since February about 7.6 percent of the population has left.

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In the past the UN has provided residents with sheets of corrugated steel, used as an alternative to the traditional thatched roofing.

Now, many of the houses lie empty with gaping holes where the roof once was.

“When people decide to leave the village, they roll up the sheets and sell them for a few pounds. Some houses even have mounds of sand piled outside, the graves of their former inhabitants. Malnutrition is the primary cause of death,” explains Chout to Al Jazeera.

-prepared by Ajay Krishna, an intern at NewsGram. Twitter: @ajkrish14

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