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☆ Oil slips as U.S. storm threat eases, China stimulus disappoints
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +2 min

Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No. Oil consumption in China, the world's driver of global demand growth for years, has barely grown in 2024 as its economic growth has slowed, gasoline use has declined with the rapid growth of electric vehicles and liquefied natural gas has replaced diesel as a truck fuel. Oil prices have also eased after concerns about supply disruption from storm Rafael in the U.S. Gulf of Mexico subsided. More than a quarter of U.S. Gulf of Mexico oil and 16% of natural gas output remained offline on Sunday, according to the offshore energy regulator. Looking ahead, uncertainty from policies under U.S. President-elect Donald Trump have clouded the global economic outlook although expectations that he could tighten sanctions on OPEC producers Iran and Venezuela and cut oil supply to global markets partly caused oil prices to gain more than 1% last week.

Persons: Tony Sycamore, Rafael, Donald Trump, refiners Organizations: Brent, West Texas, National People's Congress, ANZ, Central Economic Work Conference, U.S Locations: U.S, China, U.S . Gulf, Mexico, Iran, Venezuela

Harris and Trump project confidence headed into Election Day. The battle between Harris and Trump comes to a headLeila Register / NBC News; Getty ImagesElection Day has arrived. Mark Duncan / AP fileOrganizers of the embryonic Women’s Professional Baseball League hope to have six teams in caps and cleats by the summer of 2026. But league officials have one big question to answer that’s not entirely clear: Where do they find these female players? However, league officials are confident they can put a good product on the field in a few years.

Persons: Harris, Rafael, Trump, Leila, Kamala Harris, Donald Trump, Joe Biden, ” She’ll, ”, he’ll, Harris ’, Boeing machinists, Kelly Ortberg, ’, Rafael churns, Read, Justine Siegal, Mark Duncan, That’s, — David K, Li, Alo Yoga, Elizabeth Robinson Organizations: Trump, U.S, NBC, Getty, Democratic, Philadelphia Museum of Art, Howard University, Washington , D.C, Convention, Biden, Boeing, Workers, DHL, National Hurricane Center, MLB, University of Florida, University of Georgia, Professional Baseball League Locations: Canada, Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Washington ,, North Carolina, Grand Rapids , Michigan, Beach, New Hampshire, Russia, Germany, United Kingdom, North America, Florida, Jamaica, Cayman Islands, Cuba

☆ Tropical Storm Rafael to become a hurricane before Cuba landfall Wednesday
▼ + stars: | 2024-11-05 | by ( Hanna Park | ) edition.cnn.com time to read: +4 min

CNN —While Tropical Storm Rafael winds remained consistent Monday night, the storm is forecast to strengthen Tuesday and become a hurricane Wednesday, bringing destructive winds and heavy rainfall to the western Caribbean and southern Florida by midweek. Tropical storm watch alerts were issued for the Florida Keys on Monday, joining the existing warnings for Cuba, Jamaica and the Cayman Islands. The Cuban provinces of Cienfuegos, Villa Clara, Sancti Spiritus, and Ciego de Avila, are under Tropical Storm Warnings after being upgraded from Tropical Storm Watch. Ilda Gallardo and her daughter Marley Millian watch a local TV news program as Tropical Storm Rafael approaches, in Playa Baracoa, Cuba, November 4, 2024. Tropical Storm Rafael will also create rough seas and significant storm surges, with expected inundation of up to 3 feet in the Cayman Islands and as much as 9 feet in western Cuba above normal tide levels.

Persons: Rafael, Villa Clara, Sancti, Ciego de Avila, Ilda Gallardo, Marley, Norlys Perez, Milton, Michael Lowry Organizations: CNN, National Hurricane Center, Islands, Hurricane, Wednesday, Florida, Tropical Storm, NHC, Reuters, Radio Jamaica News, Tropical Locations: Caribbean, Florida, Kingston , Jamaica, Grand, Jamaica, Cuba, Cayman, Cayman Islands, Gulf Coast, Cuban, Cienfuegos, Islands, Playa Baracoa, Mexico

A disturbance in the Caribbean strengthened into Tropical Storm Rafael on Monday afternoon. Rafael is the 17th named storm of the Atlantic hurricane season, and will be the 11th hurricane if it strengthens further, as expected. The storm system is expected to approach the United States later in the week, the hurricane center said, and a tropical storm watch was issued Monday afternoon for the lower and middle Florida Keys and for the Dry Tortugas. A hurricane warning has been issued for the Cayman Islands, and a tropical storm warning is in effect for Jamaica. The government of Cuba issued a hurricane watch for a handful of provinces, and a tropical storm watch for other areas.

Persons: Storm Rafael, Rafael Organizations: Storm, Monday, National Hurricane Center, Atlantic, NHC Locations: Caribbean, Kingston , Jamaica, United States, Florida, Gulf, Cayman Islands, Jamaica, Cuba

☆ Tropical Storm Rafael is coming soon. It poses an uncertain threat to the US Gulf Coast
▼ + stars: | 2024-11-04 | by ( Mary Gilbert | ) edition.cnn.com time to read: +3 min

Tropical Depression Eighteen formed in the Caribbean Sea on Monday morning and is forecast to strengthen and become Tropical Storm Rafael Monday afternoon. Anyone from the US Gulf Coast and the northeastern Mexico coast will need to monitor updates closely. Potential Tropical Cyclone Eighteen, now called Tropical Depression Eighteen, churns in the Caribbean at sunrise Monday morning. CIRA/RAMMBEarly forecasts from the hurricane center show the system’s center reaching the US Gulf Coast later this weekend anywhere from the Florida-Alabama border to Louisiana. Hurricane and tropical storm alerts are already in effect early Monday for Cuba, Jamaica and the Cayman Islands.

Persons: Tropical Storm Rafael, Rafael, Helene, Milton, Michael Lowry, Robert Shackelford Organizations: CNN, Tropical Storm, National Hurricane Center, Coast, Gulf, Florida -, Atlantic Locations: United States, Cuba, Gulf of Mexico, Gulf, Mexico, Caribbean, Florida, Florida - Alabama, Louisiana, Jamaica, Cayman Islands, Hispaniola, Haiti

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