AFL unhappy after Triple M crude parody of Richmond groping incident


The AFL has expressed concern towards Triple M following a post that made light of Richmond’s groping incident.

The now-deleted post led to the league contacting the radio station on Sunday.

On Saturday night, Triple M posted a link to lyrics of a song titled “We’ve Got Your Balls In Hand”, which was a parody of Richmond’s club theme song.

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The article and social media post promoting it has since been deleted, but it was captured and widely shared in the meantime.

Foxfooty.com.au has confirmed the AFL has since voiced its concern with the station.

“The AFL contacted station management today to voice our concern at the content that was yesterday uploaded on their digital channels, and ensure they were aware that the AFL’s position on the recent unacceptable and inappropriate behaviour by the players should be rebuked and not be celebrated,” the AFL statement read.

It‘s not the first time Triple M has made headlines for the wrong reason. In June 2018, Barry Hall was taken off air and promptly sacked for making a crude comment.

On Friday, Richmond coach Damien Hardwick was quizzed by a news journalist on a series of inappropriate acts involving several Tigers players.

Nick Vlaustin and Jayden Short apologised in a written statement, while the AFL also released a statement calling the groping behaviour “unacceptable” and “juvenile.”



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Victoria records 19 new coronavirus cases, mayors warn against ‘crude’ local lockdowns as restrictions re-imposed

Victorian Premier Daniel Andrews said a increase in local community transmission cases has prompted the government to re-impose coronavirus limits. 

On Sunday the government introduced 19 new Covid-19 scenarios in the point out. 

Victorian Health and fitness Minister Jenny Mikakos reported that most of the transmissions were being related to loved ones clusters. 

“This is a really contagious virus and we are seeing the spread of this virus amongst prolonged relatives customers, two grandparents, two grandchildren, little ones using us to university,” she stated. 

“This is a seriously vital instant in conditions of how the virus operates in Victoria,” Police Minister Lisa Neville said in announcing police would be returning to a stricter amount of enforcement. 

The state of crisis in Victoria has also been prolonged right until July 19. 

 

The new case quantities are at the best stage in two months, with 25 new instances declared on Saturday.

From midnight Sunday, the amount of home attendees will be minimal to five.  

Outside gatherings will be diminished from 20 individuals to 10 people.

He has also mooted the strategy of even tighter restrictions on community authorities areas that are virus incredibly hot-places. 

But mayors and councilors from the places most afflicted have urged the authorities not to impose regional-authorities location-extensive lockdowns and rather concentrate on particular troubled spots.

Mr Andrews reported stringent lockdowns, together with restricted journey, like those the full state confronted in latest months, could be imposed in unique area govt places to fight outbreaks.

The council parts with the optimum variety of new situations are the outer suburban regions of Melbourne – Hume, Brimbank, Casey, Darebin, Moreland and Cardinia.

Darebin Mayor Susan Rennie instructed The Age newspaper a council broad lockdown is “too crude a evaluate”.

“I you should not imagine it can be helpful to take into account the whole of Darebin as 1 unit. We have various searching precincts, if it turns out there is an challenge at a individual purchasing precinct, let us deal with that precinct. Reservoir is a very long way from Fairfield,” she explained in reference to the two suburbs. 

In the meantime Moreland Mayor Labros Tapinos stated that her council was a big spot and lockdown the whole council would be challenging to implement.  

The increase was the fourth successive day with double-digit raises in Victoria, up from 13 on Friday, 18 on Thursday and 21 on Wednesday.

Cafes, places to eat and pubs had been established to be allowed 50 patrons at one particular time from Monday, up from 20 now.

But that will also be put on maintain until finally 12 July.

The leading claimed that since April, 50 % of the state’s scenarios ended up transmitted among the people in the exact same residence.

“Considering that April, 50 % of all of our new cases have come from relatives-to-family members transmission,” Mr Andrews said.

“I am pissed off by it. I am disappointed by it.

“Except if we can crack this cycle…then we are going to see much more and more of these conditions.”

The leading said there were instances of people today collecting in large numbers in the course of relatives gatherings, even even though they had been advised to self-isolate.

“We have even experienced men and women who had examined constructive and have been told to go dwelling and isolate and in its place they have absent to function, in its place they have absent and visited cherished kinds in substantial quantities,” he claimed. 

“It is unacceptable that people any place in our state can, just mainly because they want this to be around, fake that it is.”

Fitness centers, cinemas, theatres and TABs, which had been established to reopen for the 1st time, will nonetheless be capable to do so, with a greatest of 20 persons.

The state’s Main Health and fitness Officer stated Victoria is “totally at danger of a next peak” of COVID-19.

“That is what the numbers glimpse like – a doubling every single week. We have to generate that down,” Professor Brett Sutton reported on Saturday.

“We are totally at possibility of a second peak – but we should get on leading of it.”

The premier stated a new “hardship” payment of $1,500 would be created available to those people who have to have to remain absent from perform if unwell – to prevent them from going to operate with coronavirus.

“This is about creating confident there is certainly no financial purpose for these men and women not to isolate,” he stated.

Mr Andrews affirmed that men and women who can do the job from household carry on to do so at least right until 31 July.

“If you do have individuals on the career, [we must have] a zero-tolerance tactic to sickness. Getting signs or symptoms will have to necessarily mean you go residence, and you get tested,” he claimed.

The premier reported he would be talking to NSW premier Gladys Berejiklian about whether or not there need to be vacation restrictions imposed on Victorians who live in pieces of the point out determined as coronavirus hotspots, but he confirmed he was not proposing border closures at this phase.

The premier stated he experienced talked over this system with Primary Minister Scott Morrison and that it was a process reviewed by the national cupboard.

From midnight on Sunday:

  • Most 5 readers to a home
  • Gatherings of highest 10 individuals outside the household
  • Maximum 20 persons to a house in dining establishments, cafes, pubs
  • Highest 20 people to a place at community halls, libraries, museums, galleries, historic internet sites, zoos
  • Maximum 20 seated patrons at bars, clubs, strip golf equipment, nightclubs for alcoholic beverages and/or meals
  • Get hold of athletics training and competitions for people today under 18
  • Non-make contact with sport for all ages
  • Ski season and accommodation facilities to open with screening and safeguards
  • Maximum 20 people to a room at indoor cinemas, theatres, live performance venues
  • Greatest 20 men and women for tiny religious ceremonies, plus individuals demanded to perform ceremony
  • Highest 20 folks to a area at auction houses homes, authentic estate auctions
  • and open property inspections, furthermore individuals essential to facilitate
  • Tenting and shared facilities at vacationer accommodation permitted
  • School camps resume
  • Maximum 20 people to a room at indoor sporting activities centres and actual physical recreation venues, gyms, adjust rooms open up
  • Utmost 20 to a space at perform centres
  • Changing rooms and showers open up in swimming swimming pools and no lane restrictions
  • Pub TABs and retail TABs to open up

People today in Australia should remain at least 1.5 metres absent from some others. Look at your state’s limitations on gathering limits.

Testing for coronavirus is now extensively obtainable across Australia. If you are encountering chilly or flu indicators, set up a examination by calling your health care provider or get hold of the Coronavirus Wellbeing Details Hotline on 1800 020 080.

The federal government’s coronavirus tracing app COVIDSafe is readily available for down load from your phone’s app store.

SBS is committed to informing Australia’s various communities about the most recent COVID-19 developments. News and info is readily available in 63 languages at sbs.com.au/coronavirus



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High duty, crude rebound lead to fuel price hike


NEW DELHI: State-run retailers raised petrol and diesel prices by 60 paise each on Sunday, resuming daily price revision after 82 days as absorbing two rounds of hike in central fuel taxes and a rebound in international benchmark prices squeezed their margins dry.
In Delhi, petrol price went up to Rs 71.86 per litre from Rs 71.26, while diesel price increased to Rs 69.99 per litre from Rs 69.39. In Mumbai, petrol sold at Rs 78.91 per litre and diesel Rs 68.79.
The retailers had held the price line for petrol and diesel since March 16, a day after the Centre raised excise duty by Rs 3 per litre. Again on May 6, central levies were raised by Rs 10 per litre on petrol and Rs 13 per litre on diesel. The same day, the Delhi government raised VAT by Rs 7 per litre to mop up funds for corona measures.
On both those occasions, the state-run oil marketing companies offset the higher central taxes against their margins that had widened to double digits as global crude prices collapsed.
Oil prices had dipped to a 21-year low at $16/barrel as the coronavirus pandemic severely curtailed practically all economic activities around the world. The prices have now recovered to $40/barrel level.



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ACCC calls on fuel companies to quickly pass on the benefits of falling crude oil prices to motorists – ABC Rural


Petrol retailers should not use the falling oil price to increase profits and should instead pass on the full benefit to struggling motorists, the Australian Competition and Consumer Commission (ACCC) says.

Key points:

  • The ACCC says fuel companies should pass on cheaper prices faster at the pump
  • The NRMA says is is taking too long for prices to fall and “cannot be justified”, while RAC WA says fuel companies are “beefing up their profit margins”
  • The ACCC says less competition and demand could explain regional and remote fuel prices being higher than in metro areas

In its latest petrol industry report, the ACCC says fuel prices have risen in recent years and the industry is in a position where it could deliver some cheaper prices.

“At this time the Australian economy needs all the assistance it can get, and lower world crude oil prices are one of the few positives from current world events,” said ACCC chairperson, Rod Sims.

Prices higher in regional areas

Nationals MP Kevin Hogan said he has been complaining about higher petrol prices in the bush for years and has even called for a Royal Commission, which he said was “knocked back by the Libs and ALP”.

He calls petrol prices on the New South Wales North Coast the “8th wonder of the world”.

Mr Sims said fuel prices were generally higher in regional Australia due to a number of factors, including lower population and demand, meaning there were fewer petrol stations, which often lead to less competition.

There are also higher costs for transport and storage of fuel, and less convenience store sales to support the operation costs of petrol retailers when fuel prices are low.

NRMA spokesman, Peter Khoury, says it is a furphy to say that the freight component of fuel adds a lot to rural fuel prices.

“Freight costs for petrol should only be 1 or 2 cents a litre, and that is being generous to the oil companies,” he said.

“There is at least some evidence that prices are falling in some regions, which is good, but overall it is taking too long for prices to fall.”

Travel restrictions affect remote fuel prices

Price changes in regional centres can lag up to six weeks behind changes in the larger capital cities, because the turnover of stock is generally lower in the country.

In remote areas, where petrol stations have to order in their fuel before the wet season, it will take a while to use up fuel that was bought when prices were about $1.90 a litre.

The reduction in demand for petrol due to current travel restrictions may further exacerbate the lag.

Brian Leadbetter runs a small fuel outlet in Delungra in north-west NSW and is one of those feeling the pinch, but has reduced his prices anyway.

He is selling fuel below a dollar to get people to stop and buy other goods and services from his shop.

His business has dropped significantly due to COVID-19.

“There’s not as many people travelling at the moment, trucks included,” Mr Leadbetter said.

“A lot of people [are] being really careful on what they spend now [and] where they go.”

‘There’s no law against a high price’

Mr Sims is concerned about the lack of competition in some places.

“But there is no law against someone charging a high price for something.

“What is illegal is if petrol station owners are colluding together and setting a high price between themselves … that is anti-competitive behaviour and if anyone has any evidence of that, the ACCC would like to hear about it.”

RAC Western Australia’s manager of vehicles and fuels, Alex Forrest, said fuel companies should be able to cut margins on fuel immediately.

“Big reductions in the international oil price flowed on to reductions in fuel price at the wholesale level in WA,” he said.

“But much of this was not passed onto motorists at the pumps.



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Brent crude continues its free-fall, crashing to lowest point since 2001 — RT Business News



Brent crude oil has extended its price plunge, falling to just below $17 per barrel, a level not seen in nearly 20 years. The decline comes as WTI crude slowly recovers after sinking into negative territory earlier this week.

Brent plummeted to as low as $16.76 per barrel early on Wednesday morning, dipping by more than 13 percent, according to charts provided by OilPrice.com. The benchmark has not plumbed such depths since 2001, when the 9/11 terrorist attacks decimated air travel demand the world over, bringing Brent prices down along with it.

The US benchmark, West Texas Intermediate (WTI) crude, continued to lag on Tuesday, settling at just shy of $11 per barrel after its dramatic downward spiral earlier this week, which pushed WTI prices far into the negatives, briefly trading at an unprecedented -$37.63. While WTI has since ticked up in value, it was nevertheless down on Tuesday, taking a hit of some 3 percent.




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Blame game, oil edition: ETFs, regulator failure, Wall Street fraud or Covid-19?



The global oil market has endured major blows in recent months, with the ongoing coronavirus pandemic tanking demand for air travel and a major oil production dispute between Riyadh and Moscow helping to drive prices down to their historic lows. While the spat has since been resolved among members of OPEC+ – who agreed to restrict output to encourage prices to climb – world oil fees have struggled to recuperate.

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Coronavirus: Brent crude hits 21-year low after rout for US prices | Business News


Oil prices have fallen sharply after an unprecedented collapse in the value of US oil that saw costs fall into negative territory for the first time.

Brent crude, the international benchmark, fell below $20 a barrel on Tuesday – a drop of more than 20% – as concerns grew that global storage space was running out.

Demand has collapsed because the disruption caused by the coronavirus crisis means there is a massive supply glut.

Image:
The RAC says petrol could fall below £1 a litre

US benchmark West Texas Intermediate (WTI) futures contracts for May were priced at -$40 a barrel on Monday, meaning traders were actually being paid at least $40 to buy a barrel of oil.

It reflected the fact that holders of the contracts could be left with a load of oil and nowhere to store it.

Analysts said Brent turned sharply lower on Tuesday as the market realised that even sharp production cuts – ordered by the so-called Opec+ group of oil-producing nations from next month – would still mean far more oil would be pumped than is needed for a saturated market.

Contracts for June delivery Brent crude hit $18.10 on Tuesday – the lowest level since July 1999. It but later recovered a little but was still below $20 by the time the London market closed.

Lord Browne, the former BP chief executive, told Sky’s Ian King Live that given the “huge” levels of oil stockpiles he would expect prices “to remain sluggish for quite some time”.

He acknowledged that a potentially lengthy period of weakness in the market could have major geopolitical consequences as countries which are dependent on it have to “cut their cloth”

Pointing to the Maduro regime in Venezuela as one such example, he added: “There may be some real tensions around the world.”

As oil prices slumped on Tuesday, there was contagion on stock markets with the FTSE 100 closing 3% lower and New York’s Dow Jones seeing a similar fall.

On the FTSE, UK-listed energy giants BP and Royal Dutch Shell closed more than 3% and 4% lower respectively.

Emma Wall, head of investment analysis at Hargreaves Lansdown, said: “Coronavirus, as with so much of the market movement over the past two months, is at the bottom of the rout.

“Without a fully-functioning economy – industry, agriculture and services – there is a reduced demand for oil, and a heightened risk of recession.”

Despite the dive in oil costs, there may be little change to prices on UK forecourts for motorists – the few using their vehicles.

The RAC said there was scope for unleaded costs to fall to levels not seen since 2015.

The rush hour traffic is pictured on the M25 motorway near St Albans, Britain, March 16, 2020. REUTERS/Matthew Childs
Image:
The lockdown means few drivers will benefit from falling fuel costs

The motoring group’s fuel spokesman, Simon Williams, added: “It’s right that retailers charge a fair price for fuel that reflects the price of the raw product, and in theory petrol prices could fall below £1 per litre if the lower wholesale costs were reflected at the pumps.

“But at the same time people are driving very few miles so they’re selling vastly lower quantities of petrol and diesel at the moment. This means many will be at pains to trim their prices any further.

“We also continue to be concerned about smaller forecourts that provide a vital service in areas where the supermarkets don’t have a foothold as many are already finding conditions tough with sales having fallen off a cliff since lockdown.

“It would be bad news all round if these forecourts shut up shop for good.”



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The price of crude oil has turned negative as coronavirus disrupts international travel


Updated

April 21, 2020 15:46:47

Something remarkable happened overnight in the US — crude oil sellers actually started paying buyers to take the ‘black gold’ off their hands.

To be precise, traders selling West Texas Intermediate crude oil for delivery in May were willing to pay $US37.63 a barrel for someone to take it off their hands.

Reuters reports that it is the first time in history an oil futures contract has traded at a negative price.

Why did this extraordinary event occur?

Globally, oil prices have been crashing for weeks as COVID-19 disrupts international travel, which means airlines are using very little fuel; as well as car travel, meaning most households are using less fuel; and also industrial output, much of which uses fuel, oil or petrochemicals.

However, Bob McNally, the president of the Rapidan Energy Group and a former national security aide on energy matters for US president George W Bush, explained that it was only one specific contract where prices had gone negative so far.

“We’re talking about the price for the May futures contract, which is about to expire, and so this has not happened for the June or the other prices — they are above, still, $US20 a barrel,” he told Fran Kelly on RN Breakfast.

“But, if you have oil and you bring it to Cushing right now you’re going to have to pay someone to take it away, there’s no storage available in Cushing — there’s some physical capacity left, but the contracts, or the rights to have storage, have been sold off.”

That means no-one wants any more West Texas oil being delivered to the US oil pipeline hub of Cushing, Oklahoma next month.

Anyone who has oil that needs to be delivered there had to pay buyers for the costs of them paying for extremely scarce storage or transporting the oil somewhere else for extended storage.

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What about prices outside the US?

As Mr McNally said, other oil prices are not yet negative.

The contract for June delivery of West Texas crude to Cushing was at $US20.43 a barrel, although that was down 18.4 per cent from the start of US trade on Monday, reflecting concerns that the supply glut and storage shortage would persist.

More importantly for Australian fuel prices, the most widely watched global benchmark price of Brent crude also fell, but nowhere near as much, with the contract expiring on April 30 currently trading around $US25.50 a barrel.

RBC commodity strategist Michael Tran said that was because the most acute storage shortages so far were in the US as oil refiners responded to a slump in fuel demand by slashing output.

“As refiners have been rejecting physical barrels, physical storage has been piling up,” he wrote in a note to RBC’s clients.

“To be clear, this is a North American storage congestion story, not a global one where we estimate some 1.5 billion barrels remaining in onshore storage capacity.”

Aside from onshore storage, there is an option to fill up oil tankers with fuel and park them somewhere, waiting for supply to pick up.

Mr Tran said this would likely happen soon in the US, but was an expensive storage option, while sending a tanker from the US to Asia costs around $US7 a barrel in shipping charges.

Your questions on coronavirus answered:

Mr McNally also warned that global storage would start being squeezed if the COVID-19 pandemic kept large economies in effective lockdown for much longer.

“The US is just filling up first … out in the rest of the world there’s still some more storage available, so things aren’t as dire right now, but the rest of the world is going to fill up as well,” he said.

So why are oil producers still pumping?

Mr McNally said it took time and cost money to cap oil wells to stop production, which would then take more time and cost to reactivate when demand did pick up again.

However, he added that the current market price falls were a “brutal but effective” signal to oil producers.

“Negative prices, or very low prices even in the single digits, are the market at work, it’s the price mechanism telling producers: ‘hey, cut it out, stop producing, we have nowhere to store and nowhere to refine your crude on planet Earth’,” he told RN Breakfast.

“But it takes a while, it’s not like a sink where you just turn the faucet.”

Can oil prices in the US and elsewhere fall even further?

It is certainly possible, according to both analysts.

Michael Tran has described the US situation of slumping fuel demand, a relatively slow supply response and storage capacity filling up as like a “slow-motion car crash”.

“The car is speeding up and market forces will inflict further pain until either we hit rock bottom, or COVID clears, whichever comes first,” he said.

He said that, ultimately, it would need a pick-up in oil demand to clear the supply glut.

“The blueprint for a sustainable oil market rally starts with a pick-up in gasoline consumption, leading to refinery margin expansion and increasing crude demand, in that order.”

What does all this mean for Australian fuel prices?

In short, probably not as much as it should have so far.

According to Australian Institute of Petroleum figures quoted by CommSec yesterday, the average price of unleaded petrol fell by 6.8 cents to a four-year low of 107.2 cents a litre last week, with metropolitan prices a bit lower at 102.7 cents.

That compares to a wholesale terminal gate price (paid by the petrol retailers) of 82.7 cents last week, which was near 17-year lows.

That means retail profit margins are at a record high of 22.73 cents, according to CommSec, not far off double the average level seen over the past two years.

What the experts are saying about coronavirus:

However, before slamming service stations too hard for price gouging, one also must consider the drop-off in business most of them are suffering with fewer people driving and therefore fewer customers coming into their shops.

Prices are also continuing to fall, both at the terminal gate and the petrol pump.

CommSec said the wholesale price of unleaded petrol on Monday was 80.9 cents a litre, while retailers were buying diesel at 95.8 cents.

MotorMouth reported average retail prices yesterday as below a dollar a litre in Perth (89.4 cents), Brisbane (93.5 cents), Sydney (97.2 cents) and Melbourne (99.2 cents), but still well above a dollar in the smaller capital cities.

What you need to know about coronavirus:

Topics:

oil-and-gas,

industry,

business-economics-and-finance,

covid-19,

diseases-and-disorders,

globalisation—economy,

united-states,

perth-6000,

wa,

australia,

brisbane-4000,

qld,

sydney-2000,

nsw,

melbourne-3000,

vic

First posted

April 21, 2020 14:29:29



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Oil Prices: Crude Oil price plunges to 22-year low on concerns over storage, weakening economies | International Business News


NEW YORK: The US benchmark crude oil price sank to its lowest level ever on Monday, falling below $5 a barrel amid an epic supply glut and the coronavirus pandemic’s hit to demand.
After twice beating the record low, dropping to $4.04, West Texas Intermediate (WTI) for May delivery had recovered slightly at about 1720 GMT (10:50 pm), and was trading at $5.18 a barrel in New York.
The plunge defied a deal reached last week by OPEC and independent producers to slash output by nearly 10 million barrels per day starting May to boost prices. It also showed the enduring power of the pandemic, which has forced people to stay indoors to stop the spread of COVID-19, bringing much of the global economy to a halt.
A price war between Saudi Arabia and Russia had accelerated the slide prior to the production deal, hurting US shale producers. And storage capacity is becoming scarce in the United States, with the main WTI facilities in Cushing, Oklahoma filling up.
Wall Street was trading lower amid the turmoil on oil markets, with the Dow down 1.3 percent to 23,930.97.
The broad-based S&P 500 lost 0.8 per cent to 2,851.58, while the tech-rich Nasdaq dipped 0.1 per cent to 8,641.94.
Oil company shares were predictably battered in the downturn, with Chevron down 1.8 percent and ExxonMobil losing 3.2 per cent.



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