London- The strengthening of the dollar hurt today oil prices as the rise makes commodities traded in that currency more expensive.
However, oil is still close to its highest level since mid-2015, due to expectations that oil producers will comply with agreements reached to limit production from January.
Several nations, which are not members of the Organization of the Petroleum Exporting Countries (OPEC) pledged on December 10th in Vienna to reduce supply by 558,000 barrels per day.
Venezuelan oil minister Eulogio del Pino said it was a historic deal that should allow the price to be raised to between $ 50 and $ 60 a barrel by 2017.
OPEC members agreed on November 30th to cut daily oil production by 1.2 million, which could further stimulate prices.
Havana, August 24– Cuban singer, Omara Portuondo, will receive a Latin Grammy Academy Award in November, along with other outstanding Latin performers. The so called ‘Diva of the Buena Vista Social Club’ will receive the Music Excellence Award, along with José Luis Rodríguez “El Puma”, Lupita D’Alessio, Pimpinela, Eva Ayllón, José Cid Joan Baez, Hugo Fattoruso and executive Mario Kamisky. The information was announced Thursday by the Latin Music Recording Academy.Read More
Cuba was one of the pioneers to develop radio and television in Latin America. Since 1922, and sponsored by the International Telephone and Telegraph (ITT), the first radial plant was set up on the Caribbean Island.Read More
Bartolomé Maximiliano Moré Gutiérrez (Benny Moré) was one of the most transcendental Cuban musicians. He was born in the Pueblo Nuevo neighborhood in Santa Isabel de Las Lajas, in the former province of Las Villas, currently the province of Cienfuegos in central Cuba. He was the oldest of 18 brothers, from a humble and peasant Afro-Cuban family. Bartholomew learned to play the guitar during his childhood. According to the testimony of his mother, Virginia Moré, he manufactured his first instrument with a board and a spool of thread at the age of six. He left school when he was very young, to devote himself to the work of the field.Read More