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Oil prices fall as US continues to add to supplies

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New York:  Oil prices fell as US production continued to add despite price collapse.

US oil companies added more oil rigs this week despite the plunge in crude prices, marking the third straight week of an uptick in the rig count, Xinhua reported on Friday.

Data showed a weekly rise of 6 in the number of active US oil drilling rigs, making it 670, according to oil services company Baker Hughes’ Friday report.

US crude production added 52,000 barrels to 9.465 million barrels a day that week, according to the weekly report of the Energy Information Administration (EIA) Wednesday. The rising production weighed on the market.

The global oversupply was currently running at 2 million barrels a day, compared with 1.8 million during the first six months of the year, according to a report released by Goldman Sachs Thursday.

The West Texas Intermediate for September delivery moved down 79 cents to settle at 43.87 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery decreased 91 cents to close at 48.61 dollars a barrel on the London ICE Future Exchange.

(IANS)

 

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Facebook Introduces Free Online Education Programme in The US

The "We do" module lets educators and students learn together. And the "You do" is designed to help students practice their new skills

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Facebook likely to launch camera-equipped hardware for TVs. Pixabay

Facebook has launched in the US free online education programme CodeFWDTo to increase the numbers of underrepresented and female students interested in pursuing computer programming.

“We’re working on a number of initiatives like CodeFWD to widen the pipeline of diverse talent studying computer science so the next generation of tech innovators reflects and incorporates diverse perspectives, building a future that benefits us all,” Lauryn Ogbechie, Education Partnerships Director at Facebook, said in a statement on Tuesday.

Created in partnership with connected toys maker Sphero, CodeFWD by Facebook, has been designed for both English and Spanish speakers.

It is a three-step programme where educators and organisations introduce computer programming to 4th to 8th grade students.

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Facebook App on a smartphone device. (VOA)

With the first module “I do”, CodeFWD prepares educators to introduce the basics of computer programming to their students, even as they may be discovering the concepts themselves.

The “We do” module lets educators and students learn together. And the “You do” is designed to help students practice their new skills.

Also Read- Actress Disha Patani Can’t Judge Herself in Terms of Acting

“After completing these three steps, educators who want to continue developing their students’ coding skills using a tangible, hands-on product can apply to earn a free classroom set of programmable robots from our partners at Sphero,” Ogbechie said. (IANS)

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