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☆ Ukraine's pilots are flying high-risk 'wild weasel' missions first developed in the Vietnam War by the USAF, says defense analyst
▼ + stars: | 2024-05-11 | by ( Cameron Manley | ) www.businessinsider.com time to read: +8 min

Eastern Ukraine, a Ukrainian Air Force MiG-29 Wild Weasel fires off an AGM-88 HARM towards a Russian radar. (Summer ‘22) pic.twitter.com/IOeu7hzUxW — OSINTtechnical (@Osinttechnical) February 8, 2024The US Air Force pioneered SEAD tactics in the Vietnam War. The term "wild weasel" originated from Project Wild Weasel. This US Air Force anti-SAM strategy used direct attacks to suppress enemy air defenses, according to the National Museum of the US Air Force. But, he added Ukraine's tactics "go far beyond the classic wild weasel missions of Anti-Radiation Missile equipped aircraft."

Persons: —, UkrAF Su, McDonnell Douglas, Stuart Lutz, Gado, Seaman Anthony N, Frederik Mertens, Mertens, William LaPlante, Justin Bronk, Bronk, Russian SAMs, James Hecker, Kajsa Ollongren, Putin Organizations: Service, Ukraine's, US Air Force, Radiation, Business, Ukrainian Air Force, Air, National Museum of, US Navy, US, U.S . Navy, Communication, Hague, Strategic Studies, Radiation Missile, Defense, Washington DC, Wild, Technology, Royal United Services Institute, Russian SAM, United States Air Forces, Air Force, Space, Rygge Air Force Base, OLE BERG, Getty, Dutch Defense Locations: Ukraine's Soviet, Eastern Ukraine, Russian, Ukraine, Ukrainian, treetop, Vietnam, Libya, Iraq, Yugoslavia, London, Europe, Romania, Norway, AFP, Netherlands, Vilnius, Denmark, Crimea, Kerch

☆ F-16s headed to Ukraine this summer will face their most dangerous battlefield ever
▼ + stars: | 2024-04-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

Ukraine is slated to receive its much-anticipated fleet of F-16 fighter jets this summer. AdvertisementThe long-awaited delivery of F-16s to Ukraine is on the horizon, and these advanced American-made fighter jets can't come soon enough for its forces. The fighter jets are expected to arrive at some point this summer, reportedly as early as June. Romanian air force F-16 fighter planes fly above the Baza 86 military air base, outside Fetesti, Romania, Monday, Nov. 13, 2023. US Air Force F-16's stand ready with bombs loaded to take off during the first daylight attack to liberate Kuwait in 1991.

Persons: —, Falcon, SAMs, Alexandru, Egypt —, John Baum, Russia —, Baum, KIRILL KUDRYAVTSEV Russia's, Tannehill, Volodymyr Zelenskyy, Mark Rutte, Peter Dejong Organizations: Service, Russia's, Rygge Air Force Base, OLE BERG, Getty, NATO, Kyiv, Israeli Air Force, AP, US Air Force, Operation, Allied Force, Yugoslavia, Air Force, Defense Technical Information, Reuters, Storm, Russia, Mitchell Institute for Aerospace Studies, US Navy, SA, Russian, AIM, INA Locations: Ukraine, Balkans, Kyiv, Romania, Norway, AFP, — Belgium, Denmark, Netherlands, Europe, Lebanon's, Israel, Yom, Romanian, Fetesti, Storm, Iraq, Pakistan, Turkey, Egypt, Afghanistan, Islamic, Kuwait, Russian, Zhukovsky, Moscow, Bekaa, East, Syria, Russia, Ukrainian, Eindhoven, Rzeszow, Jasionka, Poland, Crimean

☆ Silje Opseth: Her face bloodied, Norwegian ski jumper recovers from fall to set new world record
▼ + stars: | 2024-03-18 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Her face might have been bloodied and battered, but ski jumper Slje Opseth couldn’t stop smiling as reality dawned on her that she’d just set a new women’s world record. World record,” Norwegian Opseth wrote on Instagram later on Sunday, before thanking everyone involved in her record attempt. Opseth set a new women's world record with her final jump in the competition. The seven-time World Cup winner managed to recover, though, and broke the world record with her final attempt. On Sunday, the 24-year-old Opseth finished the first ever Women’s Ski Flying World Cup in second, behind Norwegian teammate Eirin Maria Kvandal.

Persons: Opseth, Instagram, ”, Geir Olsen, NTB, “, ” Opseth, Eirin Maria Kvandal, Klinec Organizations: CNN, Reuters Locations: Vikersund, Norway, Slovenia, plasters, Eirin Maria Kvandal .

☆ 'Holes' in Earth's magnetic field could cause extra northern lights this month. Here's how to spot them.
▼ + stars: | 2024-03-11 | by ( Morgan Mcfall-Johnsen | Marianne Guenot | ) www.businessinsider.com time to read: +7 min

March 2024 may be the best month in the best year to see the Northern Lights, aka aurora borealis. Here's everything you need to know to spot the northern lights. AdvertisementThis could be the best month, of the best year for two decades, to see the Northern Lights, in part, thanks to openings in Earth's magnetic field. The northern lights dance in the skies above Riverton, Wyoming. If you're lucky and you plan right, you might be able to see the Northern Lights this month.

Persons: —, Matt Owens, SANKA VIDANAGAMA, Rune Stoltz Bertinussen, we've, It's Organizations: Service, NASA, International Space Station, University of Reading, Getty, National Oceanic, Atmospheric Administration, Reuters, Weather, NWS, Royal Photographic Society Locations: Riverton , Wyoming, Riverton, Arizona, Florida, Australia, New Zealand, Phoenix , Arizona, Christchurch , New Zealand, AFP, Alaska, Norway, Tromso, Gaylor , Missouri

☆ 2024 is a big year for the sun. This Helio year, see a total eclipse, solar storms, and NASA almost landing on our star.
▼ + stars: | 2024-01-27 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

The sun has a big year in 2024, starting with a total solar eclipse across the US. NASA's Parker Solar Probe will fly closer to the sun than any spacecraft ever, almost landing on it. One of the main events this year will be a historically cool total solar eclipse crossing the US in April. AdvertisementIn a total solar eclipse, the moon passes in front of the sun as seen from Earth, darkening the sky. For example, NASA is launching three rockets during the April total solar eclipse, loaded with instruments to study how the sudden darkness changes our upper atmosphere.

Persons: NASA's Parker, —, It's, Rodrigo Garrido, Rune Stoltz Bertinussen, Kelly Korreck, Connie Moore, NASA's, Nour Raouafi, Johns Hopkins, Steve Gribben, Raouafi, That's Organizations: Probe, Service, American Geophysical Union, Reuters, NASA, Parker Locations: San Francisco, Northern, Arizona, Australia, New Zealand, South America, Tromso, Norway

☆ James Webb Space Telescope reveals one of the most mysterious worlds in the universe might have a volcanic moon
▼ + stars: | 2024-01-23 | by ( Maiya Focht | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

Brown dwarfs are some of the most unusual and mysterious objects in space. Brown dwarf W1935 may have aurora at its poles created by a volcanic moon that's orbiting the failed star. "For your typical brown dwarf just traversing the galaxy in solitude, your brown dwarf is very mysterious. NASAFaherty and her team suspected a different kind of companion could be at work: an active moon. Whatever the reason may be, it takes very sensitive tools to detect brown dwarfs in the first place.

Persons: —, Jackie Faherty, James Webb, Brown, Faherty, Austin Rothermich, Rune Stoltz Bertinussen, NASA Faherty, Webb Organizations: Service, Telescope, Business, NASA, ESA, CSA, American Museum of, American Astronomical Society, City University of New, Reuters Locations: City University of New York, Tromso, Norway

☆ How the three-year cruise fell apart
▼ + stars: | 2024-01-20 | by ( Julia Buckley | ) edition.cnn.com time to read: +22 min

CNN —In April 2023, George Fox was gearing up for the adventure of a lifetime: a three-year cruise taking him around the world. The high hopes and eventual failure of the Life at Sea cruise reads a bit like a Greek tragedy. When Miray objected, he resigned, along with much of his team, and told passengers the cruise was off. When the cruise was canceled in November, Bayramoğlu told passengers that only 111 cabins were booked. On October 24, Miray’s PR spokesperson told CNN that the departure date had been moved to November 30.

Persons: CNN —, George Fox, “, ”, ‘, Miray, who’d, Meredith Shay, Shay, she’d, Jenny Phenix, I’d, Mikael Petterson, Petterson, “ I’ve, Ethem, Miray’s, “ Vedat, ’ ”, Vedat, Cruises, hadn’t, Kendra Holmes –, –, Petterson –, they’d, Bayramoğlu, Sharon Lane, she’s, ” Shay, ” Holmes, Marit Hommedal, NTB Scanpix, Noel Hansen, Kendra Holmes, Hansen, ’ ” Hansen, ’ Rebecca Varner, Lorna Bolduc, Rebecca Varner, Holmes, Bonnie Kelter, Kelter, Varner, Ugurlu, Phenix, “ I’m, couldn’t, ’ George Fox, he'd, Bolduc, Miray’s Bayramoğlu, ” Miray, who’s, ” Hansen Organizations: CNN, Fox, Miray Cruises, Cruises, Passengers, Gemini, Carnival, Facebook, Life, Getty, US Foreign Service, ‘, Miray’s, ”, Miray Locations: Istanbul, ’, Turkey, Florida, Germany, Bayramoğlu, Petterson, AFP, Clermont , Florida, Costa Rica, New Jersey, Maine, that’s, Miami, Europe, Ecuador, Southern Florida

COPENHAGEN, Denmark (AP) — Norway’s minority center-left government and two large opposition parties made a deal Tuesday to open the Arctic Ocean to seabed mineral exploration despite warnings by environmental groups that it would threaten the biodiversity of the vulnerable ecosystems in the area. Norway said in June it wanted to open parts of the Norwegian continental shelf for commercial deep sea mining in line with the country’s strategy to seek new economic opportunities and reduce its reliance on oil and gas. “This is a disaster for the sea,” said Frode Pleym, head of the local chapter of Greenpeace. According to the Norwegian Petroleum Directorate, there are sulphides and manganese crusts containing metals and minerals that are crucial for making batteries, wind turbines, PCs and mobile phones. The planned area is located southwest of the Arctic island of Svalbard.

Persons: —, ”, Frode Pleym, ” Martin Sveinssønn Melvær, –, Center Party –, NTB Organizations: Greenpeace, “, Norwegian Bellona, Labor, Center Party, Progress Party, Norwegian, Norwegian Petroleum Directorate, Ministry of Petroleum, Energy Locations: COPENHAGEN, Denmark, Norway, Norwegian, “ Norway, Hoeyre, Svalbard

☆ NATO navies are worried about Russia using its unique weapons to pick a fight on territory nobody controls
▼ + stars: | 2023-11-29 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Recent damage to undersea pipelines and cables in Europe has raised concern among NATO members. AdvertisementThe emphasis on defending underwater infrastructure is visible in the alliance's operations. The annual Dynamic Messenger exercise includes a focus on protecting critical underwater infrastructure and involves information exchanges between alliance militaries and private-sector actors. OLE BERG-RUSTEN/NTB/AFP via Getty ImagesProtecting underwater infrastructure is no simple task, however. AdvertisementThe situation becomes more complicated because underwater infrastructure often passes through international waters, muddling the legal framework around its protection and making a response harder.

Persons: —, David Cattler, Shawn Coover, Adm, Ben Key, Jens Köhler, JEF, Andrey Luzik, Key, Constantine Atlamazoglou Organizations: NATO, Service, Finnish Border Guard, REUTERS, Steam, US Marine Corps, Staff, British Royal Navy's, Royal Navy, Getty, Joint Expeditionary Force, Norwegian Coast Guard, OLE BERG, Russia Ministry of Defense, Directorate, Fletcher School of Law, LinkedIn, Twitter Locations: Europe, Russia, NATO's, Estonia, Finland, Baltic, Norway, Norwegian, Germany, Ukraine, Hiddensee, Nordic, AFP, Severomorsk

Two and a half weeks after sending tanks and ground troops into northern Gaza, Israeli forces entered a hospital early Wednesday that they claim Hamas operates out of. The Israeli army claims the militant group uses hospitals as cover for its fighters, and has set up its main command center in and beneath Shifa Hospital, the largest in the besieged territory. Both Hamas and Shifa Hospital staff deny the Israeli allegations. Both Hamas and Shifa Hospital staff deny the Israeli allegations. ISRAEL SAYS IT'S CARRYING OUT A ‘PRECISE AND TARGETED OPERATION’ INSIDE GAZA'S SHIFA HOSPITALJERUSALEM — The Israeli military says its forces have entered Gaza’s Shifa hospital, the site of a lengthy standoff.

Persons: Mohammed Zaqout, — Israel, ‘, ’, Ahmed Mhanna, ”, Jabaliya, Mhanna, NETANYAHU, Benjamin Netanyahu, Netanyahu, ” Netanyahu, “, Fahrettin Koca, Koca, Hossein Amirabdollahian, Martin Griffiths, Meirav Eilon Shahar, “ Israel, ” Philippe Lazzarini, CAIRO —, Munir al, Boursh, ” Israel, Hamas ”, Paltel, Israel, ” Griffiths, Shifa, that’s, Jonas Gahr Støre, Espen Barth Eide, ” Barth Eide, Recep Tayyip Erdogan, Erdogan, ” Erdogan, Israel —, Daniel Hagari, Hamas’s, ” Hagari, KHAN YOUNIS, Mohammad al, Abdallah, National Security Itamar Ben, Gvir, Nasser, Khan Younis, Catherine Russell, Russell, ” Russell, ISRAEL Organizations: Hamas, Shifa, Shifa Hospital, Health Ministry, . Security, ASEAN, AS, Awda Hospital, Awda, PEACEMAKING GROUP GENEVA, Centre, Associated Press, Iran's, Iranian, ” UN, UNRWA, United Nations, OFFICIAL, International Committee, COMMUNICATIONS COMPANY, UN OFFICIAL, Health Organization, ” FIRST, NTB, ISRAEL, TEL, Israeli Defense Forces, IDF, MINISTRY, Ministry of National Security, National Security, UNICEF, JERUSALEM Locations: Gaza, Israel, Shifa, Myanmar, Washington, israel, GAZA, CAIRO, Jabaliya, GAZA ZIKIM, Israeli, Gaza City, TURKEY ANKARA, Turkey, Egypt, Rafah, Geneva, Basque, Spain, Iranian, Iran, Palestine, ”, Territories, United States, JERUSALEM, Palestinian, GENEVA, what’s, GAZA COPENHAGEN, Denmark, Norwegian, Norway, ISRAEL ANKARA, Turkish, TEL AVIV, West Bank, Ben, Khan, SHIFA

Norway wealth fund CEO Nicolai Tangen presents the results for 2022, at a news conference in Oslo, Norway January 31, 2023. NTB/Heiko Junge via REUTERS/File Photo Acquire Licensing RightsNEW YORK, Nov 8 (Reuters) - Norway's $1.4 trillion sovereign wealth fund is using artificial intelligence to help manage its investments, its CEO Nicolai Tangen said in an interview at the Reuters NEXT conference in New York. The fund invests the Norwegian state's revenues from oil and gas production in equities, bonds, property and renewable projects abroad. It is the world's largest sovereign wealth fund, holding stakes in more than 9,200 companies globally and owning 1.5% of all listed stocks. "We are using it (AI) now in how we deploy the capital," Tangen said.

Persons: Nicolai Tangen, NTB, Heiko Junge, Tangen, Sam Altman, Altman, Lananh Nguyen, Chizu Organizations: REUTERS, Reuters NEXT, Companies, Reuters, reuters, Thomson Locations: Norway, Oslo, New York

☆ Protesters demand Gaza ceasefire
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: 1 min

[4/28]The Church of Norway and several organizations organize a demonstration in front of the Norwegian Parliament, demanding immediate stop to the killing of civilians in Israel and Gaza, in Oslo, Norway October 28. NTB/Frederik Ringnes via REUTERSOSLO, NORWAY

Persons: NTB, Frederik Ringnes Organizations: of, REUTERS Locations: of Norway, Norwegian, Israel, Gaza, Oslo, Norway, REUTERS OSLO, NORWAY

”It was a very strong moment for us — emotionally charged,” activist Ella Marie Hætta Isaksen told the VG newspaper after the meeting with King Harald and Crown Prince Haakon at the royal palace in Oslo. The activists say a transition to green energy shouldn’t come at the expense of the rights of Indigenous people. They have protested several times since the Supreme Court of Norway ruled in October 2021 that the construction of the turbines had violated the rights of the Sami, who have used the land for reindeer for centuries. They had asked for the meeting with the Norway's monarch, who has a ceremonial role as the country's head of state. The palace confirmed the meeting took place and “they presented their view" to the monarch and his son.

Persons: Ella Marie Hætta Isaksen, King Harald, Crown Prince Haakon, ”, Elle Nystad, Sami, Jonas Gahr Støre Organizations: VG, Ministry of Petroleum, Energy Locations: COPENHAGEN, Denmark, Norway, Norwegian, Oslo, “, Norway’s Fosen, Fosen

☆ Turkey's Erdogan says US move of aircraft carrier closer to Israel will lead to Gaza massacre
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO: The U.S. aircraft carrier USS Gerald R. Ford on its way into the Oslo Fjord, at Jeloya, Moss, Norway, May 24, 2023. Terje Pedersen/NTB Acquire Licensing RightsANKARA, Oct 10 (Reuters) - Turkey's President Tayyip Erdogan on Tuesday criticised the United States for moving a carrier strike group closer to Israel, saying that it would commit "serious massacres" in Gaza. Following a surprise attack by Hamas militants on Israel on Saturday, U.S. Defense Secretary Lloyd Austin said on Sunday that the U.S. will be moving a carrier strike group, which includes the USS Gerald R. Ford, closer to Israel. "What will the aircraft carrier of the U.S. do near Israel, why do they come? They will hit Gaza and around, and take steps for serious massacres there," Erdogan said in a joint press conference with Austrian Chancellor Karl Nehammer in Ankara.

Persons: Gerald R, Terje Pedersen, Tayyip Erdogan, Lloyd Austin, Ford, Erdogan, Karl Nehammer, Huseyin Hayatsever, Sharon Singleton Organizations: U.S, aircraft, Ford, Rights, Saturday, . Defense, Austrian, Thomson Locations: Oslo, Jeloya, Moss, Norway, Rights ANKARA, United States, Israel, Gaza, U.S, Ankara, Turkey

CNN —The 2023 Nobel Prize in literature has been awarded to Jon Fosse for “his innovative plays and prose which give voice to the unsayable,” the Swedish Academy announced in Stockholm on Thursday. His work consists of around 40 plays, as well as a number of novels, poetry, essays, children’s books and translations. The committee lauded the author’s style, which has come to be known as “Fosse minimalism.”“Fosse presents everyday situations that are instantly recognizable in our own lives. Jon Fosse at Oslo's Norwegian Theater in September 2019. Male writers have also historically dominated the award: Of the 120 laureates in literature, only 17 have been women.

Persons: Jon Fosse, ” “, –, “, Håkon Mosvold Larsen, NTB, Fosse, Samuel Beckett, Georg Trakl Organizations: CNN, Swedish Academy, Fosse, Oslo's, Getty Locations: Stockholm, Norway, AFP, Austrian

☆ Lockheed Martin F-35A fighter jets land on motorway
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

OSLO, Sept 22 (Reuters) - A pair of F-35A Lockheed Martin (LMT.N) fighter jets have landed on a motorway for the first time, footage from the Norwegian military showed, a step that enables them to reduce vulnerable time on the ground in times of war. Immediately after landing, refuelling was carried out with the engines running, a so-called "hotpit refuelling", the Norwegian military said, before the planes took off again. [1/3]An F-35A Lockheed Martin fighter jet lands on a motorway, in Tervo, Finland September 21, 2023. Another type of F-35, the F-35B which is able to land vertically, has landed on roads before. Finland is planning to buy 64 F-35 fighter jets from Lockheed Martin.

Persons: Lockheed Martin, Rolf Folland, NTB, Ole Andreas Vekve, Gwladys Fouche, Sharon Singleton Organizations: Lockheed, Royal Norwegian Air Force, REUTERS Acquire, Rights, NATO, Thomson Locations: OSLO, Tervo, Finland, Rights Finland, Russia, Norway

Forecasting solar storms is especially difficult right now, even as the sun is getting more active. CMEs fling charged, super-hot plasma into space, and sometimes — like in the case of this CME — that plasma strikes Earth. On the bright side, these solar storms also make stunning displays of the Northern Lights, or aurora borealis, visible in the middle of the US. On a different day, all of these effects combined could have created a very violent solar storm. In the worst-case scenario, which is very rare, all the conditions align to send a very fast and very powerful solar storm to Earth.

Persons: oozing, Keith Strong, Lockheed Martin, Dean Pesnell, Rune Stoltz Bertinussen, Matt Owens, Bryan Brasher, Daniel Verscharen, Owens Organizations: Service, Lockheed, NASA, Dynamics, Prediction, National Oceanic, Atmospheric Administration, Reuters, CME, University of Reading, University College London, NASA Solar Dynamics Locations: Wall, Silicon, Tromso, Norway, Montana , Missouri, Virginia

☆ Norway's Labour loses regional vote after a century on top
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

[1/3] Norwegian Prime Minister Jonas Gahr Store receives the election day forecasts at the Labor Party's election vigil during the municipal election 2023, in Oslo, Norway September 11, 2023. Terje Pedersen/NTB/via REUTERS Acquire Licensing RightsOSLO, Sept 11 (Reuters) - Norway's governing Labour Party fell to second place behind the Conservatives in Monday's regional and municipal election, a preliminary count showed, the first time since 1924 that the leftwing group failed to finish first in a nationwide vote. With 60% of ballots counted, Labour had won 21.8% of the vote, official data showed, down from 24.8% in 2019, while the Conservative Party stood at 25.8%, up from 20.1% four years ago. While the setback deepens Labour's woes, Prime Minister Jonas Gahr Stoere has said he will continue to lead his minority coalition government regardless of the regional vote's outcome, which does not affect the composition of parliament. Labour and the rural-oriented Centre Party, in government since 2021 following a landslide for leftwing parties, next face an election for parliament in 2025.

Persons: Jonas Gahr, Terje Pedersen, Jonas Gahr Stoere, Erna Solberg, Terje Solsvik, Gwladys Organizations: Norwegian, Labor, REUTERS Acquire, Rights, Labour Party, Labour, Conservative Party, Soaring, Party, Conservative, Thomson Locations: Oslo, Norway, Rights OSLO, Monday's

☆ Norwegian mass killer Breivik sues the state for "extreme" isolation -lawyer
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

NTB Scanpix/Lise Aaserud via REUTERS/File Photo Acquire Licensing RightsOSLO, Aug 18 (Reuters) - Norwegian mass killer Anders Behring Breivik is suing the state for allegedly violating his human rights due to his being held in "extreme" isolation, and has filed another application for parole, his lawyer said on Friday. Breivik, now 44, is serving Norway's longest sentence, 21 years, which can be extended if he is still considered a threat. "He's suing the state because he has been in an extreme isolation for 11 years, and has no contacts with other people except his guards," Breivik's lawyer Oeystein Storrvik told Reuters. In 2017, Breivik lost a human rights case when an appeals court overturned a lower court verdict that his near-isolation in a three-room cell was inhuman. Last year, a Norwegian court also rejected his parole application, saying he still posed a risk of violence.

Persons: Anders Behring Breivik, NTB Scanpix, Lise Aaserud, Breivik, He's, Oeystein Storrvik, Storrvik, Nerijus Adomaitis, Mark Potter, Angus MacSwan Organizations: Appeal, REUTERS, Rights, Reuters, Thomson Locations: Borgarting, Telemark, Skien, Norway, Rights OSLO, Oslo

Both benchmarks have been on a sustained rally since June, with West Texas Intermediate crude (WTI) trading on Thursday at its highest this year and Brent hitting its highest price since January. Brent crude fell $1.15, or 1.3%, to settle at $86.40 a barrel while WTI settled down $1.58, or 1.9%, at $82.82. Oil prices have been boosted in recent days by extensions to output cuts by Saudi Arabia and Russia, alongside supply fears driven by the potential for conflict between Russia and Ukraine in the Black Sea region to threaten Russian oil shipments. The U.S. is also prohibiting some investment in China in sensitive technologies like computer chips and requires government notification in other tech sectors. Thursday's U.S. consumer prices data for July fuelled speculation the Federal Reserve is nearing the end of its aggressive rate hike cycle.

Persons: Johan Sverdrup, Carina Johansen, NTB, Brent, WTI, John Kilduff, John Ritterbusch, Natalie Grover, Muyu Xu, Mark Potter, Elaine Hardcastle, Andy Sullivan Organizations: West Texas, Federal Reserve, Ritterbusch, Associates, Thomson Locations: North, Saudi, Russian, Saudi Arabia, Russia, Ukraine, China, U.S, New York, Gulf of Mexico, Gulf, Mexico, Galena , Illinois, London, Singapore

☆ Oil steadies as U.S. rate hike fears subside
▼ + stars: | 2023-08-10 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

Brent crude was down 23 cents to $87.32 a barrel at 1251 GMT, while West Texas Intermediate crude (WTI) was down 37 cents at $84.03. Oil prices have been boosted in recent days by extensions to output cuts by Saudi Arabia and Russia, alongside supply fears driven by the potential for conflict between Russia and Ukraine in the Black Sea region to threaten Russian oil shipments. On Thursday, OPEC said in its monthly report it expected a healthy oil market for the rest of the year, and stuck by its forecast for robust oil demand in 2024, as the outlook for world economic growth slightly improves. "The poor state of China’s manufacturing, its property sector and some stubborn world inflation stand out as issues that the oil fraternity chooses to ignore at present." Thursday's U.S. consumer prices data for July fuelled speculation the Federal Reserve is nearing the end of its aggressive rate hike cycle.

Persons: Johan Sverdrup, Carina Johansen, NTB, Brent, WTI, John Evans, Natalie Grover, Muyu Xu, Laura Sanicola, David Goodman, Mark Potter Organizations: West Texas, Federal Reserve, Thomson Locations: North, Saudi, Russian, Saudi Arabia, Russia, Ukraine, China, London, Singapore, Washington

☆ Oil dips as demand concerns mount; eyes on US inflation data
▼ + stars: | 2023-08-10 | by ( Muyu Xu | ) www.reuters.com time to read: +3 min

U.S. crude inventories (USOILC=ECI) rose by 5.9 million barrels in the last week to 445.6 million barrels, compared with analysts' expectations in a Reuters poll for a 0.6 million-barrel rise, U.S. Energy Information Administration data showed on Wednesday. U.S. crude oil exports fell by 2.9 million barrels per day last week, the steepest fall on record, to 2.36 million barrels per day (bpd), according to the data. Concerns over LNG supply drove European gas prices to a nearly 2-month high on Wednesday and buoyed the demand outlook for diesel as alternative fuel. However, oil prices remained supported by supply tightness worries as tensions between Russia and Ukraine in the Black Sea region could threaten shipment of Russian oil. Top exporter Saudi Arabia's plans to extend its voluntary production cut of 1 million barrels per day for another month to include September.

Persons: Johan Sverdrup, Carina Johansen, NTB, Brent, Phil Flynn, Priyanka Sachdeva, Phillip Nova, Jun Rong, Muyu Xu, Laura Sanicola, Muralikumar Organizations: West Texas, U.S . Energy, Price Futures, Index, CPI, Woodside Energy Group, IG, Saudi, Thomson Locations: North, China, U.S, ., United States, Chevron, Russia, Ukraine, Saudi Arabia, Singapore, Washington

[1/2] Storelv river flows through Hoenefoss Center as the extreme weather "Hans" is expected to cause significant water damage in the coming days, in Hoenefoss, Norway, August 9, 2023. NORWAY OUT. Strong winds, intense rain and landslides hit the Nordic region earlier this week, knocking out power lines and bringing public transport to a standstill. According to the institute, data shows that precipitation in Norway has increased by around 18% over the last 100 years, with the biggest rise taking place in the last 30-40 years. Jana Sillmann, a research director at the Oslo-based Centre for International Climate Research, said extreme weather events, such as the torrential rain seen this week, will be more frequent as the climate warms.

Persons: NTB, Annika Byrde, Read, Ingvild Villa, Jana Sillmann, heatwaves, El, Sillmann, Terje Solsvik, Christina Fincher Organizations: Center, Norwegian Meteorological Institute, International Climate Research, UN, El Nino, Thomson Locations: Hoenefoss, Norway, NORWAY, OSLO, Oslo, Sweden, Nordic

Brent crude fell 20 cents, or 0.2%, to $87.35 a barrel by 0006 GMT, after settling at its highest since Jan. 27 in the previous session. West Texas Intermediate crude (WTI) fell 23 cents, or 0.3%, to $84.17, after settling at its highest since November 2022. Chinese data on Tuesday showed crude oil imports in July fell 18.8% from the previous month to their lowest daily rate since January. China's consumer sector also fell into deflation and factory-gate prices extended declines in July, as the world's second-largest economy struggled to revive demand. Also supporting prices were top exporter Saudi Arabia's plans to extend its voluntary production cut of 1 million barrels per day for another month to include September.

Persons: Johan Sverdrup, Carina Johansen, NTB, Brent, Laura Sanicola, Muralikumar Organizations: West Texas, Saudi, Investors, U.S, Consumer, Index, Thomson Locations: North, Saudi, Russian, Russia, Washington

☆ Norwegian dam collapses after days of heavy rain
▼ + stars: | 2023-08-09 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

A view shows the Braskereidfoss power plant as water flows over after a lock, in Braskereidfoss, Norway, August 9. The Braskereidfoss power dam on the Glomma River, Norway's biggest waterway, had been unable to open its hatches after its control room...moreA view shows the Braskereidfoss power plant as water flows over after a lock, in Braskereidfoss, Norway, August 9. The Braskereidfoss power dam on the Glomma River, Norway's biggest waterway, had been unable to open its hatches after its control room flooded. Water appeared to be flowing through it in a controlled manner following the breach, utility Hafslund said in a statement. NTB/Cornelius PoppeClose

Persons: Hafslund, NTB, Cornelius Poppe Locations: Braskereidfoss, Norway

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