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Oil rises on China, U.S. economic data and OPEC+ cut expectations
  + stars: | 2023-09-04 | by ( ) www.cnbc.com   time to read: +2 min
Oil pumpjacks stand at the Qingdong-5 offshore oil production platform, an artificial island, of Sinopec Shengli Oilfield on January 16, 2023 in Dongying, Shandong Province of China. Oil prices ticked up in Asian morning trade on Monday, as market sentiment was buoyed by positive China and U.S. economic data, as well as expectations of ongoing crude supply cuts from major producers. In the U.S., employment data was higher than expected on Friday, with nonfarm payrolls increasing by 187,000 jobs last month. Russia has already said it will cut exports by 300,000 barrels per day, or bpd in September, following a 500,000 bpd cut in August. Saudi Arabia is also expected to roll over a voluntary 1 million bpd cut into October.
Persons: Brent, nonfarm, Alexander Novak's Organizations: . West Texas, Beijing, Federal Reserve, Organization of, Petroleum Locations: Dongying, Shandong Province, China, U.S, Russia, Saudi Arabia
The wife had reportedly suffered years of domestic violence and was planning on a divorce, her family told state media outlet The Paper. “Given its prevalence, domestic violence is an issue everyone knows about, even if they have not encountered it themselves.”Volunteers in Ma Anshan city, Anhui province sign their names on a banner against domestic violence on December 14, 2011. TopPhoto/AP‘Family affair’In China, domestic violence has traditionally been regarded as a private family matter. The law defines domestic violence for the first time, covering both physical and psychological violence – though it fails to address sexual abuse such as marital rape. “Domestic violence allegations, even when they’re supported by evidence, make no difference – like judges just don’t care at all,” he said.
Persons: , , Feng Yuan, Feng, , Ethan Michelson, Michelson, they’re, it’s, , Xi Jinping Organizations: Hong Kong CNN, Twitter, , ” Volunteers, Ministry of Civil Affairs, Indiana University , Bloomington Locations: Hong Kong, China, Shandong, Dongying, Guangdong, Chengdu, , Weibo, Beijing, Ma Anshan, Anhui, Michelson
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