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Daily Archives: August 1, 2008

Consumer Council attentive to fuel prices

Image  The Consumer Council (CC) yesterday promised to adopt “drastic measures” if it realises that an eventual drop on fuel international prices is not followed by a correspondent drop in local last-consumer prices.
The CC guarantees it is “attentive to the situation and aware about international and local information about prices established by oil professionals”.
This information was released, according to a statement issued yesterday, as CC realised that “during the past few years, oil prices rose uninterruptedly, from US$100 by barrel to US$ 147”. But in Macau, after international oil prices fell to US$126, “only twice was there registered cuts on prices, representing around three percent”.
World oil prices steadied in Asian trade yesterday after a rebound of more than four dollars driven by an unexpected decline in US petrol stockpiles, analysts said.
New York's main contract, light sweet crude for September delivery, fell 11 cents to 126.66 dollars a barrel.
Gasoline or petrol inventories sank by 3.5 million barrels in the week ending July 25, the DoE said in its regular weekly report.
That surprised traders because market expectations had been for a weekly gain of 400,000 barrels.
Prior to their rally on Wednesday, oil prices had dropped more than 17 percent since touching record highs above 147 dollars a barrel on July 11. Analysts cited slackening oil demand in the United States as a factor behind the sharp decline in prices.
Despite the draw in petrol stocks, they were still 7.019 million barrels above the five-year average and 8.84 million barrels above year-ago levels, Platts oil analyst Linda Rafield wrote in a report.

Winds of Cool

16 Macau Contemporary Artists Summer Show

The Summer Show has invited 16 local artists using diverse artistic media to create an array of unique artworks including paintings, installations and multimedia works – to be displayed at the Gallery's exhibition venue, doorway, passages and its charming terrace bar.
Hot summer! White clouds floating in the azure sky, humans are becoming lazy and cool breeze is having some fun. Whether to have fun alone or together, come, let's crop something out of the high summer!
Come, listen to the musical heartbeat of the city, and stroll across the idle alleys, busy streets and flowing crowds. What has been brought, taken and melted away?! Right here every slight change will touch our nerves. Among the new things emerged in this city, what have you discovered? The glamour of buildings? Or the glitter of neon? Make your own discovery by re-observing the familiar settings with your own sense and sensibilities.   

James Wong ,James Chu ,Pakeong Sequeire, Joey Ho, Ng Fong Chao ,Cindy Ng, Konstantin Bessmertny, Bianca Lei, Gigi Lee, Fan Sai Hong, José Drummond, Wong Ka Long ,Kent Ieong, Chao Chi Chun, Lai Sio Kit, José Lazaro das Dores

Opening: Tonight at 18:30 pm
Until: August 30, 2008
Time: 12:00~20:00 daily, except Mondays.
Venue: St. Paul's Fine Art – Travessa de S. Paulo Nos 3, 5 e 7, Macau.
Tel: (853) 2842 2842