January 1, 2017

Oil price at highest level since November

©Reuters Oil prices rose to their highest levels since November on Wednesday amid signs the global surplus is easing. International benchmark Brent crude rose 90 cents a barrel to $46.64 after hitting $47.05 earlier in the day. US marker West Texas Intermediate increased 80 cents a barrel to $44.85, after

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RIBA announces 11 new International Fellowships

The Royal Institute of British Architects (RIBA) today (Wednesday 24 September) announced the 2015 RIBA International Fellowships which will be awarded to eleven non-UK architects. The RIBA’s 2015 International Fellowships are: Emilio Ambasz, Emilio Ambasz & Associates (New York, USA) Julia Bolles + Peter Wilson, Bolles + Wilson (Munster,

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Issue 327 : Apr 2025

January 1, 2017

Oil price at highest level since November

©Reuters Oil prices rose to their highest levels since November on Wednesday amid signs the global surplus is easing. International benchmark Brent crude rose 90 cents a barrel to $46.64 after hitting $47.05 earlier in the day. US marker West Texas Intermediate increased 80 cents a barrel to $44.85, after reaching a high of $45.13. More On this topic IN Commodities Following a slide to 2003 lows in January oil prices have rebounded amid signs global supply and demand will soon come into balance. This has prompted a rush of new investment into crude futures, with speculators raising their holdings to a record high. “The price rise is for the most part sentiment — and momentum-driven. Despite speculative overheating, any news that could suggest a higher price is viewed as a good reason to buy,” said Carsten Fritsch, analyst at Commerzbank. On Tuesday, a marked increase in US gasoline prices and data from the American Petroleum Institute, an industry group, showing a surprising reduction in US crude oil stocks bolstered prices. The report is a precursor to official inventory data due on Wednesday from the statistics arm of the US energy department. US dollar weakness has also given support to oil prices as market watchers say economic data are not strong enough for the US Federal Reserve to issue changes at its latest policy update. Dollar-priced commodities are cheaper for holders of other currencies. Aside from the US, supply disruptions elsewhere are taking hold. Venezuela has announced rolling blackouts this week in an effort to further reduce power demand. “What will happen to production of refined products and crude oil in Venezuela starting at the end of next week is a big question mark,” said Olivier Jakob at consultancy Petromatrix. “The country should continue to be considered as a real and immediate supply disruption risk.” In recent weeks stoppages in Kuwait, Libya and Nigeria, have provided support to the oil price. Although some market watchers say supply and demand are slowing coming into balance, others are still concerned prices are following the same trajectory as last year. In 2015 oil rose sharply in May before collapsing in the second half of the year. Plans by big producers to agree on an output freeze at a meeting in Qatar earlier this month failed, leading some market watchers to question if countries will ramp up output as a global market share battle intensifies. “The big unknowns are the progression of Opec [producer countries’] production for the rest of this year into next and the extent and timing of a stock shakeout when it comes,” said David Hufton at London based broker PVM. Copyright The Financial Times Limited 2016. You may share using our article tools. Please don’t cut articles from FT.com and redistribute by email or post to the web. Source link

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RIBA announces 11 new International Fellowships

The Royal Institute of British Architects (RIBA) today (Wednesday 24 September) announced the 2015 RIBA International Fellowships which will be awarded to eleven non-UK architects. The RIBA’s 2015 International Fellowships are: Emilio Ambasz, Emilio Ambasz & Associates (New York, USA) Julia Bolles + Peter Wilson, Bolles + Wilson (Munster, Germany) Santiago Cirugeda, (Recettes Urbaines) Urban Recipes (Sevilla, Spain) Joao Luis Carrilho Da Graca, JLCG (Portugal) Richard Leplastrier, Richard Leplastrier (Australia) Thom Mayne, Morphosis (Los Angeles and New York, USA) Antoine Predock, Studio Predock (Albuquerque, USA) Peter Rich, Peter Rich Architects (Johannesburg, South Africa) Wang Shu + Lu Yenyu (China)  The lifetime honour allows individual recipients to use the initials Int FRIBA after their name. The 2015 RIBA International Fellowships will be awarded at a special event at the RIBA, 66 Portland Place, London, W1 on 3 February 2015. ENDS Notes to editors For further press information contact Howard Crosskey in the RIBA Press Office: 020 7307 3761 howard.crosskey@riba.org The Royal Institute of British Architects (RIBA) champions better buildings, communities and the environment through architecture and our members. Visit www.architecture.com and follow us on Twitter. The 2014 RIBA Honours Committee who selected the 2015 fellows was chaired by RIBA President Stephen Hodder with Joseph Rykwert, Benedetta Tagliabue, Eric Parry and Louisa Hutton. RIBA International Fellows 2015 citations: EMILIO AMBASZ  – Argentina/USA Emilio Ambasz, who was trained as an architect and taught at Princeton University, has made a number of outstanding contributions to both architecture and industrial design. He first came to public notice as the originator and organizer of a number of exhibitions at the MoMA in New York; ‘Italy: the New Domestic Landscape’ in 1972 and ‘The Taxi Project’ of 1976 (which was in fact a reconsideration of urban transport. These were landmark shows – as was the monographic exhibition of the work of Louis Barragan (of 1974) which brought the reclusive Mexican architect to world notice. He represented the US at the 1976 Venice Biennale and won the first prize for the master-plan of the Seville International Exhibition of 1992. He was one of the first – if not the very first – architect to realize that environment-friendly architecture was not a specialist concern but a design problem as well as a great opportunity. His landscape-cum-building designs include such innovative projects as the Lucille Halsell Conservatory at the San Antonio Botanical Gardens in Austin Texas; and the San Antonio Botanical Gardens in Texas (1988), but even more conspicuously in the Mycal Cultural Centre in Sin-Shanda, Japan. Similarly distinguished are the Fukuoka Prefectural and International Hall; the Ospedale dell’Angello and the Banco del Occhio Medical Centre, both in Venice, Italy; the Terrace Garden for the Pompidou Center in Paris; and his reformulation of the traditional Andalusian house Casa de Retiro Espiritual. His Vertebra chair is an established ‘classic’ of Industrial Design and is included in the MoMA and the Metropolitan Museums’ collection; it has also been distinguished by a number of awards, as have been his Saturno range of street lights. His design has always been distinguished by wit as well as invention; witness his Handkerchief Television and Soft Notebook. There have been several one man exhibitions of Ambasz’ work world-wide, twice at New York’s MOMA and twice at the Triennale di Milano, and he is the subject of several monographs. He is himself the author of Natural Architecture/Artificial Design first published in 2001 and republished in 2011. An Honorary Fellow of the American Institute of Architects, he has also been honored with the title of Commendatore della Repubblica Italiana on account of his contributions to Italian culture. JULIA BOLLES + PETER WILSON – Germany Peter Wilson was born in Melbourne in 1950. After studying architecture at the University of Melbourne, Peter went on to the Architectural Association in London in 1972, where Julia Bolles-Wilson was also a student. Originally established in London in 1980, the partnership moved to Münster in 1988 on winning the competition to design the new city library there. This highly articulated building is a response to a complex urban situation: its originality and excellence are demonstrated in the fact that almost immediately upon completion it became a mecca for architects and architectural students alike. Other work includes the 360 degree red-wrapped Luxor Theatre in Rotterdam, which was shortlisted for the 2001 Mies van der Rohe Prize; the visually striking, functionally ambiguous pair of harbour buildings in Münster (2006); and the highly tactile and contextual library in the heart of the Dutch city of Helmond (2010). Julia Bolles-Wilson has lectured and taught world-wide. She is a regular jury member of architectural competitions and has chaired significant ones such as the Federal Environment Agency Design in Dessau; the new Train station and exhibition centre in Cologne-Deutz; the ‘Topography of Terror’ in Berlin and the Thermal Baths in Wien. Peter Wilson has lectured worldwide and has run studios in four continents. Peter is also a regular jury member of architectural competitions – he was president of the jury for a new Arts Centre in Maribor, Slovenia and in 2012 he was a member of the jury for the new Medellín Velodrome in Columbia. Both Julia and Peter are dedicated to teaching and have inspired students and architects through their provocative and relevant public lectures around the world. Of particular note is their inventive use and indeed development of architectural drawing as a tool of representation and research, and their intellectual contribution to thinking on architecture has been considerable. Bolles+Wilson’s work has been broadly published and has received many awards. In 2009 they were rewarded with a Gold Medal at the XI International Triennale of Architecture in Cracow, and in 2013 Peter was awarded the 2013 Gold Medal of the Australian Institute of Architects. The RIBA is recognizing the distinctive and highly crafted work of Bolles + Wilson – that has been in consistent production over 3 and a half decades – in awarding them

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