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Survey shows US oil and gas production slowing amidst high demand

RIYADH: Driven by a fall in crude and commodities pricing, oil and gas production in the US is decelerating at a time when demand is showing signs of recovery, research by the Federal Reserve Bank of Dallas has shown. The survey posted a score of zero for business activity growth in the second quarter of 2023 among 150 oil and gas groups in its region, the lowest since 2020 when oil prices crashed due to the pandemic, ultimately forcing operators to close rigs and cut headcounts. 
sport

Cavendish plans final Tour de France triumph

BILBAO, SPAIN: Cycling’s all time great sprinter Mark Cavendish has nothing to prove except perhaps to himself as he embarks on his final Tour de France on Saturday. Fans will crowd finish lines along the 3,404km route from Bilbao to Paris hoping to witness the 38-year-old celebrate sole ownership for the record of Tour de France stage wins. Locked with Belgian legend Eddy Merckx since an astonishing return to form on the 2021 Tour lifted his tally to 34, he was encouraged to bow out on a high after being overlooked for the 2022 edition.
sport

“Vingegaard and Pogacar Battle for Tour de France Victory”

BILBAO, SPAIN: Defending champion Jonas Vingegaard leads the Tour de France out of the Basque port of Bilbao on Saturday on a 21-day adventure crammed with peaks, postcard panoramas and an eye-catching showdown on a massive dormant volcano on the 3,404km route to Paris. The 30 mountains on the route lend Vingegaard of Jumbo-Visma an edge over two-time champion Tadej Pogacar backed by a reinforced Team UAE squad.
sport

Tiafoe’s Grass Winning Streak Halted by Korda at Queen’s Club (Google-friendly)

LONDON: Frances Tiafoe’s winning run on grass was ended by Sebastian Korda in an all-American second-round match at the Queen’s Club Championships on Wednesday. Korda won 7-6 (2), 6-3 to end the fourth-seeded Tiafoe’s bid to follow up his title in Stuttgart last week with another grass-court trophy ahead of Wimbledon. Tiafoe arrived in west London in a career-high spot of No. 10 but was beaten by a compatriot 22 places lower in the rankings, with Korda’s big serve coming to the fore on Center Court.
Business

Shell to operate gas stations in Saudi Arabia.

RIYADH: Riyadh is set to have its first Shell-branded fuel station later this year after the British energy firm signed an agreement with Asyad Holding Group, as part of the Saudi Energy Ministry’s efforts to bring international companies into the Kingdom. The agreement will pave the way for Shell International to open its fuel stations in the fourth quarter of this year, the ministry said in a press release. 
sport

“Boulter Claims First WTA Title in Battle of the Brits Win”

NOTTINGHAM: Katie Boulter won her first WTA Tour title on Sunday, beating Jodie Burrage 6-3 6-3 in the Nottingham Open in the first all-British final at this level for 46 years. Boulter cemented her position as British No. 1 and will move to a career high inside the world’s top 80. “I’m definitely going to be sleeping with this trophy tonight,” said Boulter, who grew up in nearby Leicester.
sport

Manchester United in talks to grant exclusivity to Qatari Sheikh for $6B+ sale – sources

LONDON: English football club Manchester United is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad Al-Thani in talks to sell itself for more than $6 billion, people familiar with the matter said on Thursday. While a deal remains uncertain, the development represents a major milestone in the efforts of Sheikh Jassim — the son of Qatar’s former prime minister who is one of the richest men in the Gulf state — to take over the iconic sports brand.
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