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From Slopes to Shadows: The Rise and Fall of Ryan Wedding

Ryan James Wedding’s life reads like a cautionary tale of talent, ambition, and a descent into infamy. Once celebrated as a Canadian Olympian, he is now branded by U.S. authorities as one of the world’s most violent drug traffickers. Here’s a timeline tracing his dramatic transformation: Early Promise (2002) Wedding represented Canada at the Salt Lake City Winter Olympics , competing in the men’s parallel giant slalom snowboarding event. Seen as a rising star, his athletic career was short-lived, with little public spotlight after the Games. First Legal Troubles (2000s–2010s) Reports suggest Wedding became entangled in criminal networks during the years following his Olympic appearance. By the early 2010s, he was linked to drug trafficking operations, allegedly building ties with the Sinaloa cartel . Alleged Cartel Leadership (2015–2020) In 2015 , Wedding fled authorities, beginning his life as a fugitive. U.S. investigators accuse him of running a billion-dollar cocaine...
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Oil prices slump to six-month low amid weak demand and oversupply

 


Oil prices have fallen to their lowest level since June, as concerns about weak demand and oversupply weigh on the market. The spread of the Omicron variant of the coronavirus has led to new travel restrictions and lower economic growth expectations, reducing the outlook for oil consumption. At the same time, oil producers have increased their output, creating a glut of supply that exceeds demand.

According to the U.S. Energy Information Administration (EIA), U.S. crude oil inventories rose by 3.6 million barrels last week, while gasoline stocks jumped by 5.7 million barrels, indicating sluggish demand for fuel. The EIA also lowered its forecast for global oil demand growth in 2023 by 100,000 barrels per day (bpd) to 4.1 million bpd.

The International Energy Agency (IEA) echoed the bearish sentiment, saying that the Omicron variant is expected to temporarily slow the recovery in oil demand that is underway. The IEA also cut its demand projections for 2022 and 2023 by 100,000 bpd each, mainly due to the expected impact on jet fuel use from new travel curbs.

Oil prices have also been pressured by a stronger U.S. dollar, which makes oil more expensive for buyers using other currencies. The dollar has risen on expectations that the Federal Reserve will tighten its monetary policy sooner than expected to curb inflation, which hit an 11-year high in November.

Brent crude, the international benchmark, settled down $4.42, or 5.9%, at $70.62 a barrel on Wednesday, while West Texas Intermediate (WTI), the U.S. benchmark, dropped $4.60, or 6.2%, to $69.34 a barrel. Both benchmarks have lost more than 10% since hitting multi-year highs in October.

Some analysts expect oil prices to rebound in the coming months, as the impact of the Omicron variant fades and demand recovers. However, others warn that the market could remain volatile and oversupplied, especially if the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decide to increase their production further in January.

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