Riyadh and Moscow are reportedly seeking to raise oil prices by agreeing deep output reductions
The White House is desperately seeking a way to prevent a major cut in oil production, which is expected to come after a meeting of OPEC+ member states in a move that is certain to send prices at the pump surging, CNN reported late on Tuesday.
Washington has mobilized all available human resources in the administration, with the White House “having a spasm and panicking,” an unnamed senior official told the media, describing these latest efforts as “taking the gloves off.”
The size of the reductions has yet to be agreed at Wednesday’s meeting of OPEC members and other producers at the cartel’s headquarters in Vienna. Moscow and Riyadh are pushing for cuts of two million barrels per day or more, with these likely to be phased in over several months, the Financial Times reported, citing people with knowledge of the discussions.
If agreed, this would be the biggest cut in oil output since the beginning of the Covid-19 pandemic, when lockdowns slashed demand across the world. The drastic step by OPEC+ is expected to lead to a dramatic spike in global crude prices.According to CNN, some of the talking points drafted in a state of urgency by the White House suggested the potential cut would be viewed as “a hostile act” and a “total disaster.”
“There is great political risk to your reputation and relations with the US and the West if you move forward,” the media quoted the talking points draft as saying.
It might be difficult to believe, but there was some concern whether standout running back and linebacker Dillon Dunathan was fully ready for the Swarmin’ Hornets’ season opener.
Dunathan had mononucleosis at the end of May, preventing him from attending college camps over the summer to perform for college coaches in hopes of attracting recruiting attention. He was not cleared for physical contact until the day before Damascus’ first preseason scrimmage.
However, any doubts about Dunathan’s condition were quickly eased this past Friday. The 6-foot, 225-pound senior was a force on both sides of the ball, making seven tackles, three for losses, on defense and rushing 17 times for 177 yards and two touchdowns on offense as Damascus scored a big 33-28 victory over Northwest.
“We were worried about how physical he would be, but he didn’t miss a beat,” Damascus Coach Josh Klotz said, noting that Dunathan has a handful of FCS scholarship offers but expects that some bigger schools might join the list once Dunathan has some senior film to show recruiters.
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For his efforts, Dunathan was named the Military Bowl DC Touchdown Club High School Football Player of the Week. The Player of the Week is honored each Wednesday throughout the season on WTOP.
Damascus running back and linebacker Dillon Dunathan earned Player of the Week by leading the Swarmin’ Hornets to a 33-28 win over Northwest in a battle of Montgomery County heavyweights. (Denis Dunathan/Courtesy Damascus football)
A four-year varsity player, expectations have always been high for Dunathan. When asked which side of the ball his star player is better on, Klotz pondered for a moment.
“That’s a good question. In high school, probably offense, because you don’t get too many running backs his size who can run. Watch the tape: on that game-winning [50-yard] touchdown, he runs away from Northwest, which is a fast team,” Klotz said. “But for college, most people are looking at him as a linebacker because he has that prototypical size at inside linebacker.”
Dunathan’s versatility is evident – on and off the field. He has been a member of the Damascus wrestling, basketball and lacrosse teams. And on the football team, he also returns kicks, is the backup holder and had been the team’s placekicker last season until it was decided that Dunathan needed a bit more rest, as he would never take himself out of the game.
“We realized we couldn’t expect him to run 60 yards for a touchdown and then kick the PAT,” Klotz said.
This week’s DC Touchdown Club Player of the Week High School Football Player of the Week Honor Roll:
ANNE ARUNDEL
Annapolis WR-DB Ian Brown caught a touchdown pass, returned a kickoff for a touchdown and intercepted a pass as the Panthers beat High Point, 20-6.
DC
Bell QB Demiko Suggs completed 8 of 9 passes for 174 yards and three touchdowns and rushed five times for 38 yards and two touchdowns as the Griffins beat Eastern, 51-0.
FREDERICK
Urbana QB Keegan Johnson, a Ball State baseball recruit, completed 6 of 11 passes for 138 yards and two touchdowns, had a 40-yard touchdown run and made a 35-yard field goal and all five of his point-after kicks as the Hawks beat Richard Montgomery, 38-0.
HOWARD
Howard QB Tyler Sabatini completed 9 of 10 passes for 137 yards and three touchdowns and also rushed for a touchdown as the Lions beat Marriotts Ridge, 35-27.
LOUDOUN
Independence TE-LB Julien Randolph, a North Carolina recruit, caught four passes for 185 yards and two touchdowns and on defense made seven tackles with two sacks and broke up two passes as the Tigers beat Riverside, 28-18.
NORTHERN REGION
Lake Braddock QB Daniel Lipovski, a Delaware recruit, competed 14 of 21 passes for 307 yards and four touchdowns as the Bruins beat Madison, 34-31.
PRINCE GEORGE’S
Wise DT Tre Hull made nine tackles with seven tackles for loss and one sack as the Pumas beat North Point, 20-18.
PRINCE WILLIAM
Gainesville RB Koven Smith rushed 15 times for 191 yards and two touchdowns, returned a kickoff 60 yards for a touchdown and caught a touchdown pass as the Cardinals earned their first victory in school history, 54-28 over Osbourn Park.
PRIVATE
St. Mary’s-Annapolis RB Patrick Cary rushed 18 times for 127 yards and four touchdowns as the Saints beat Bullis, 32-6.
SOUTHERN MARYLAND
Leonardtown RB-LB Zach Meade rushed for 134 yards and two touchdowns and on defense made seven tackles and intercepted a pass as the Raiders beat McDonough, 40-0.
WCAC
St. John’s QB Myles Slade completed 5 of 5 passes for 100 yards and one touchdown and rushed five times for 100 yards and two touchdowns as the Cadets beat Middletown (Del.), 42-0.
Russia is gradually moving away from ‘untrustworthy’ currencies, the Russian president says
Traditional reserve currencies like the US dollar and the euro have lost their credibility as a basis for international settlements, Russian President Vladimir Putin said on Wednesday.
“Western countries have undermined the foundations of the global economic system. There is a loss of confidence in the dollar, the euro and the pound sterling as currencies in which to conduct transactions, hold assets and reserves,” he stated at the seventh annual Eastern Economic Forum in Vladivostok.
He also noted that this tendency pushes Russia and many other nations to switch to other currencies, most notably the Chinese yuan.
“Step by step we are moving away from the use of these unreliable, compromised currencies. And by the way, even US allies are gradually reducing their savings and payments in dollars, according to statistics… I will note that yesterday Gazprom and its Chinese partners agreed to pay for gas in rubles and yuan in a 50/50 split,” Putin said.
The vast region could be part of the two nations’ growing cooperation, Shri Pavan Kapoor says
Indian Prime Minister Narendra Modi has made it a priority to bring trade and economic relations with Russia forward, Ambassador Shri Pavan Kapoor told RT on the sidelines of the Eastern Economic Forum in Vladivostok.
“Certainly, the Russian Far East has a special role in that whole approach,” the ambassador to Russia said, noting that there are a lot of prospects for cooperation.
“We have been working with Russia for 75 years … we will continue to work with our Russian friends, and we are making all efforts to see how we can assist each other, and will continue to do so not just in existing areas of cooperation but also in new ones when the opportunities arise.”
Kapoor noted that New Delhi has been looking at all available logistics opportunities, and Russia’s Northern Sea Route is one of them.
The diplomat also told RT that the central banks of India and Russia are working together to find ways to facilitate payment mechanisms.
“We have to realize that now usage of certain international currencies may not work in our bilateral trade, so we are going to find ways in which we can do these settlements in national currencies,” he explained.
