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☆ Matthew Briggs made his English Premier League debut at 16. 11 years later, he was left feeling suicidal
▼ + stars: | 2024-06-19 | by ( Ben Church | ) edition.cnn.com time to read: +11 min

That “surreal moment” seemingly was the start of an exciting career in the game – Briggs was once tipped as a future England captain. In the year when he walked away from soccer, Briggs moved in with his uncle. For the first time in his life, Briggs learned how to deal with the feelings he had struggled with for years. Briggs playing for England in the Under-20 World Cup in 2009. Thousands of young players are fed into the academy system every year, with only a tiny percentage ever making it.

Persons: CNN — Matthews Briggs, – Briggs, ” Briggs, “, ‘, ’, Briggs, ”, Middlesborough, Wayne Rooney, Lee Smith, I’m, Joe Giddens, Matthew Briggs, –, I’ve, Alex Livesey, “ I’ve, that’s, it’s, Matthew Ashton, ” Neil Saunders, Briggs leant, Harvey Elliot, Arsenal’s Ethan Nwaneri, Elliot Organizations: International Association for Suicide Prevention, Befrienders Worldwide, CNN, English Premier League, Fulham, CNN Sport, Fulham’s, Arsenal, Premier League, Professional Footballers Association, England, Guyana’s CONCACAF, FIFA, US, Danish, HB Køge, Guyana, CONCACAF, Panama, Academy, PFA –, PFA, Liverpool Locations: England, Dubai, “, Guyana, Panama, Trinidad & Tobago

☆ These are Wall Street's favorite S&P 500 picks for the second half
▼ + stars: | 2024-06-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The second half of the year is around the corner, and some stocks are primed to outperform, according to a screen of Wall Street analysts' favorite picks. The following names have 20% or more upside to their analyst price targets and are already in the green for 2024 — indicating their price targets are elevated not just due to a drop in share price. To note, the price targets are 12-month estimates. Out of the four analysts covering the stock, three rate it a buy or a strong buy. Around three-quarters of analysts covering the stock have a strong buy or buy rating.

Persons: Goldman Sachs, Warren Buffet's Berkshire Hathaway, Guggenheim, Hess Organizations: Street, Nvidia, ISI, Citi, CNBC Pro, CNBC, Argus, Disney, Coterra, UBS, Chevron, Exxon Mobil Locations: Warren, Chevron, Guyana

☆ OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand prediction
▼ + stars: | 2024-06-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

The head of OPEC said Thursday the world will need to invest in fossil fuels for decades to come in order to prevent an energy shortage, dismissing predictions that oil demand will peak in the near future. The OPEC chief called for "continued oil industry investment, today, tomorrow, and many decades into the future given the products derived from crude oil are essential for our daily lives." Oil supply capacity will rise to 114 million per day by 2030, 8 million barrels more than global demand, according to the IEA. Deutsche Bank and Citi, however, see OPEC coming under pressure in the coming years. Citi analysts see a substantial oil surplus in 2025 as production keeps growing in North America, Brazil and Guyana, while demand slows due to energy efficiency improvements and electric vehicle adoption.

Persons: Haitham Al Ghais, Al Ghais, Fatih Birol, OPEC's Al Ghais, Helima, Croft, I'm, Robert McNally, McNally, EVs, Michael Hsueh Organizations: OPEC, International Energy Agency, IEA, IEA ., RBC Capital Markets, Rapidan Energy, Deutsche Bank, Citi, Brent Locations: China, India, North America, Europe, Northeast Asia, Asia, U.S, OPEC, Brazil, Guyana

☆ Oil prices could drop to $60 per barrel in 2025 as world faces 'substantial surplus,' Citi says
▼ + stars: | 2024-06-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

OPEC+ members recently announced plans to bring 2.5 million bpd back to the market from October through September 2025. If the group follows through with its announced plan, the oil market will see a surplus of 2.6 million bpd or more. Deutsche Bank analyst Michael Hsueh said the OPEC+ production plan will cast a bearish shadow over the next two years . It is "inconceivable that the market could absorb anything close" to 2.5 million bpd, Hsueh said. The International Energy Agency warned Wednesday the world will be awash in oil by 2030, with production capacity outpacing demand projections by eight million bpd.

Persons: Brent, Michael Hsueh, Hsueh, Fatih Birol Organizations: Citi, Brent, Deutsche Bank, United Arab Emirates, TD Securities, International Energy Agency Locations: OPEC, North America, Brazil, Guyana, U.S

☆ These stocks are attractively valued and are expected to make new highs
▼ + stars: | 2024-06-09 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

There's a growing dominance of technology stocks in the stock market. Using LSEG, we searched for stocks outside the concentrated tech universe that are expected to reach new highs. Citizens Financial has a forward P/E ratio of 12.1 and five-year P/E of about 15, while Fifth Third's forward P/E is 11.1 and its five-year slightly lower, at about 10.8. Analysts polled by LSEG think shares have about 18% upside potential, and the stock also has an attractive forward P/E ratio of about 4.77, by far the least of the group. Other attractive stocks that could reach new highs include homebuilder Pultegroup and insurance company Allstate .

Persons: Stocks, Dow, Ryan Grabinski, Kevin Holt, Wolfe, Bill Carache, Carache, General Motors, LSEG Organizations: Nasdaq, Nvidia, Microsoft, Apple, Strategas Securities, CNBC, Oil, Chevron, Exxon Mobil, Invesco Energy, Exxon, ConocoPhillips, Marathon, Citizens Financial Group, Fifth Third Bancorp, Financial, Fifth, Wolfe Research, Automotive, General, Allstate Locations: Guyana, Chevron

Oppenheimer raised its price target on Microsoft to $500 on the potential of increasing AI adoption. Shares of AT & T are up 9% on the year, but analyst Michael Rollins' $20 price target implies that shares could rise another 9%. Analyst Andrew Obin upgraded the Post-it and Scotch parent to buy from neutral and raised his price target by $15 to $120. Analyst Christopher Nardone upgraded the shoe maker to buy from neutral and raised his price target by $16 to $87. Analyst Jay Sole upped his price target on the clothing maker by $14 to $174, now suggesting upside of 43.4%.

Persons: Oppenheimer, Exxon, Neal Dingmann, Dingmann, aren't, — Spencer Kimball, Michael Rollins, Rollins, Lisa Kailai Han, BofA, Andrew Obin, William Brown, Michael Roman, Brown, Obin, — Alex Harring, Christopher Nardone, Nardone, Skechers, Jeffrey Zekauskas, Zekauskas, Huntsman, Benjamin Soff, Soff, Fred Imbert, PVH, Jay Sole, Calvin Klein, Tommy Hilfiger, Sole, Alex Harring, Morgan Stanley, Dara Mohsenian, Mohsenian, Anthony Chukumba, Chukumba, Gavin Parsons, Parsons, Tami Zakaria, Zakaria, Herc, Morgan, Tim Hsiao, Bernstein's Eunice Lee, NIO, America's Ming Hsun Lee, Timothy Horan, Horan, Rob Sanderson, Sanderson Organizations: CNBC, Microsoft, Loop, Exxon, Natural Resources, Citi, AT, VZ, Bank of America, Huntsman, JPMorgan, Deutsche Bank, UBS, Colgate, Palmolive, Loop Capital, UBS shaves, Boeing, Rentals, United Rentals, Herc Holdings, Wall, 3Q, Bank, OpenAI Locations: Truist, Guyana, OPEC, Thursday's, America's

☆ USA upsets Pakistan in T20 Cricket World Cup with stunning super over win
▼ + stars: | 2024-06-06 | by ( Joseph Bentley | ) www.nytimes.com time to read: +2 min

In one of the biggest shocks in cricket history, the USA defeated Pakistan in the T20 Cricket World Cup in Dallas, Texas. AdvertisementThe U.S. now stand a strong chance of qualifying for the Super 8 round (another round-robin stage before the semi-finals). The scores were level after 20 overs, meaning the game was decided by a super over — a single-over shootout where the highest-scoring team are victorious. Needing 19 to win, Pakistan laboured to just 13, with Saurabh Netravalkar bowling well in a pressured situation for the USA. This defeat leaves Pakistan struggling to qualify for the Super 8 stage, with a win against India, the best T20 team in the world, likely to be needed for them to progress.

Persons: Babar Azam, Shadab Khan, Monank Patel, Andries Gous, Gous, Haris Rauf, Aaron Jones, Mohammad Amir, Jones, Saurabh, ANDREW CABALLERO, REYNOLDS Organizations: USA, Pakistan, Cricket, Pakistan wobbled, Canada, India, Ireland, Providence, Getty Locations: Dallas , Texas, Pakistan, USA, Indies, Caribbean, Uganda, Guyana

☆ OPEC+ decision to increase oil supply is a 'bearish surprise' for the market, Goldman says
▼ + stars: | 2024-06-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

The detailed plan laid out by OPEC+ over the weekend to increase oil production delivered a "bearish surprise" to a market in which prices were already under downward pressure, according to Goldman Sachs. OPEC+ plan difficult to reverse The OPEC+ members said the production increases are subject to market conditions and could be reversed. Struyven described OPEC's forecast as "very bullish," with Goldman forecasting demand growth of 1.5 million bpd in 2024. Market could deteriorate in 2025 The oil market will remain in balance or in a slight deficit for the time being, according to Ryan McKay, senior commodity strategist at TD Securities. Yet those cuts have failed to limit shale oil production in the U.S., Lipow said.

Persons: Goldman Sachs, Brent, WTI, Daan Struyven, Bob Yawger, Yawger, Helima Croft, Goldman's Struyven, Andrew Lipow, Struyven, Lipow, Ryan McKay, McKay, Daan Organizations: West Texas Intermediate, Goldman, OPEC, Mizuho Securities, CNBC, RBC Capital Markets, Lipow Oil Associates, TD Securities, JPMorgan Locations: OPEC, Saudi Arabia, Russia, U.S, Brazil, Guyana, Norway, Senegal, Persian, Arabian

☆ 2024 men’s T20 World Cup: boasting over a billion fans, cricket arrives on the shores of the US
▼ + stars: | 2024-06-01 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

And now, 180 years later, international cricket returns to the US with the men’s T20 World Cup. Three venues across the country – in Lauderhill, Florida, New York and Dallas – have been constructed to host T20 World Cup games. The Grand Prairie Cricket Stadium in Dallas, Texas, will host the first game of the men's 2024 T20 World Cup. The Kensington Oval in Bridgetown, Barbados, will host the men's T20 World Cup final. How to watchThe 2024 men’s T20 World Cup begins on Saturday, June 1, with the two North American debutants – the US and Canada – opening proceedings against one another.

Persons: cricket’s, –, US –, Dallas –, Lauderhill, Shelby Tauber, ” Victor Cruz –, New York Giants –, Monank Patel, Corey Anderson, Anderson, Ali Khan, Khan, “, Brian Lara, Viv Richards, Chris Gayle, Randy Brooks, St, Vincent, “ I’ve, Frank Nsubuga, Joel Ford, ” Organizations: CNN — Cricket, Major League Cricket, US, Dallas, Nassau County International Cricket, Prairie Cricket, Bloomberg, Getty, Inter Miami, Major League Soccer, New York’s Major League Baseball, Adelaide Oval, “, New York Giants, New Zealand, Black Caps, Guardian, Caribbean . Cricket, West Indies, Kensington, North, Reuters, ICC, Grand Prairie Cricket, West, Sunday, Sky Sports, UK Star Sports Network, Disney Locations: Manhattan, Caribbean, Lauderhill , Florida , New York, Nassau, New York, India, Pakistan, Dallas , Texas, Florida, Australia, York, Ohio, Trinidad and Tobago, Guyana, Barbados, Bridgetown, AFP, Barbuda, Saint Lucia, Grenadines, Uganda, Canada, Papua New Guinea

☆ Oil alliance OPEC+ could extend production cuts this weekend as focus shifts away from Middle East tensions, sources say
▼ + stars: | 2024-05-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

Thomas Coex | Afp | Getty ImagesThe oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts told CNBC, even as focus shifts from Middle East tensions to summer demand. OPEC+ producers are currently implementing a combined 5.86 million barrels per day of supply cuts. And then August is the peak month for tightness," Viktor Katona, lead crude analyst at Kpler, told CNBC. "However, I think that the market right now has priced in a full extension of the voluntary cuts. A high-inflation environment and tight monetary policy in turn reined in oil demand, but central banks have signaled readiness to lower interest rates in the second half of the year.

Persons: Thomas Coex, Viktor Katona, overproducers, Jorge Leon, Yemen's, Tamas Varga Organizations: Organization of, Petroleum, Afp, Getty, CNBC, Energy, Market Research, PVM Oil Associates, United Arab Emirates Locations: OPEC, Vienna, China, Iraq, Kazakhstan, Paris, Ukraine, Gaza, Red, Saudi Arabia, Russia, Guyana, Brazil, Canada

☆ Chevron could outperform Exxon if battle over Guyana assets is resolved this year, fund manager says
▼ + stars: | 2024-05-31 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Exxon and Chevron are the fund's top two holdings , representing 9.73% and 9.27% of total assets in FSTEX as of April 30. Exxon vs. Chevron Chevron came into the year facing production issues in the Permian Basin and cost overruns at its Tengiz project in Kazakhstan that frustrated investors, Holt said. And investors have taken notice of Exxon's lead position in the lucrative offshore oil development in Guyana. Chevron would look very attractive if the Hess deal closes due to the latter's large stake in Guyana, he said. "There's a little concern that if Chevron doesn't do the Hess deal, then they have to go and do another deal," Holt said.

Persons: Kevin Holt, Hess, Holt, hasn't, XOM, Chevron's, Tengiz Organizations: Exxon Mobil, Chevron, Invesco Energy, Exxon, Hess Corp, Hess, Chevron Chevron Locations: Guyana, U.S, Stabroek, FSTEX, Kazakhstan, Holt, Tengiz

☆ Exxon-Chevron dispute: Portfolio manager weighs in on 'crown jewel' of the transaction
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon-Chevron dispute: Portfolio manager weighs in on 'crown jewel' of the transactionRob Thummel, senior portfolio manager at Tortoise, discusses Exxon and Chevron's dispute over Hess' Guyana oil assets.

Persons: Rob Thummel, Hess Organizations: Exxon, Chevron, Tortoise Locations: Guyana

☆ Hess shareholders to vote on Chevron deal as dispute with Exxon over Guyana assets creates uncertainty
▼ + stars: | 2024-05-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Exxon filed for arbitration in March to defend the rights it claims under the joint operating agreement. Chevron and Hess have told investors that the pending deal would terminate if Exxon prevails in the dispute. Hess shareholders would bear the risk if the deal terminates because Chevron is not obligated to pay a termination fee, according to ISS. Exxon is seeking to confirm its rights under the joint operating agreement and find out the value placed on Hess' Guyana assets under the deal, Woods said. Chevron has repeatedly maintained that the Exxon's claims under the joint operating agreement do not apply to its acquisition of Hess.

Persons: Hess, Glass Lewis, Mike Wirth, Darren Woods, Woods, Wirth Organizations: Chevron, Exxon Mobil, Mobil, Exxon, China National Offshore Oil Corporation, Institutional, Services, Hess, ISS, CNBC, Federal Trade Commission Locations: York, Guyana, China

☆ Chevron’s $53 Billion Oil Deal Is Backed by Hess Shareholders
▼ + stars: | 2024-05-28 | by ( Rebecca Elliott | ) www.nytimes.com time to read: +1 min

A large oil industry deal advanced on Tuesday after shareholders of Hess approved a proposed sale of the company to Chevron for $53 billion. Control over one of the most prized oil assets, off the shores of Guyana, is at stake in the deal, which still faces significant hurdles. Exxon is contesting Chevron’s acquisition of Hess by arguing that Hess can’t sell itself without allowing Exxon to buy its stake in the Guyana project. Chevron and Hess have said Exxon’s interpretation of the terms of Exxon and Hess’s partnership is incorrect. But Hess prevailed at its shareholders’ meeting on Tuesday in convincing a majority that the deal was in their best interest.

Persons: Hess Organizations: Chevron, Exxon Mobil, Exxon Locations: Guyana, sweetening

☆ These Dow stocks are cheap and have more upside as index reaches key milestone
▼ + stars: | 2024-05-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The Dow Jones Industrial Average reached the 40,000 milestone level , but investors can still find inexpensive growth opportunities in the index. Shares currently have a forward P/E of 12.6, versus the stock's average five-year P/E of 17.8. The consensus price target on the stock indicates 14.2% upside from Wednesday's close. The stock's current forward P/E is at 27.6, slightly lower than its 5-year average of 32.1. Shares are trading at a 25.3 forward P/E ratio, relative to the 28.2 five-year average P/E ratio.

Persons: Dow, Piper Sandler, DA Davidson, Johnson, McDonald's, —, Fred Imbert Organizations: Dow Jones, CNBC, Deutsche Bank, Amazon, Dow, Chevron, Exxon, Hess, Visa, Walmart, Management, Verizon, Johnson Locations: headwinds, Guyana

☆ Venezuela expands military buildup at Guyana border in ‘dangerous game,’ says report
▼ + stars: | 2024-05-14 | by ( Tara John | ) edition.cnn.com time to read: +4 min

CNN —Venezuela continues to build up military infrastructure and hardware close to the border with Guyana as President Nicolas Maduro and his supporters scale up their threats to annex an oil-rich piece of Guyanese land. Guyana had called the move a step towards annexation and an “existential” threat as the specter of armed conflict loomed over the region. Using satellite imagery and social media, CSIS found that the expansion of Anacoco Island’s military base has continued. Maduro could ‘fall victim to own rhetoric’The threats to Guyana have concerned its partners. “Thus, one of the most concerning possibilities is that Maduro will fall victim to his own rhetoric.

Persons: Nicolas Maduro, “, ” Ryan Berg Organizations: CNN, Strategic, International Studies, Venezuelan, US Navy, Americas, CSIS Locations: Venezuela, Guyana, Washington, Venezuelan, Essequibo, Punta Barima, arm’s, Essequibo ”, Guyanese, Georgetown, Idaho

☆ Guyana: Nigel Dharamlall accused of sexual assault by another woman
▼ + stars: | 2024-05-10 | by ( Tara John | ) edition.cnn.com time to read: +4 min

The accuser, economist Sarah Aneesah Hakh, told an online press conference held in the capital Georgetown that former Minister Nigel Dharamlall sexually assaulted her in 2020 and 2021. Hakh said the first alleged incident occurred during a business meeting when Dharamlall was Guyana’s senior minister of regional development. He has been photographed recently with Guyanese President Irfaan Ali and Vice President Bharrat Jagdeo. In a March statement, Guyanese women’s rights group Red Thread criticized officials for failing the accuser. During their meeting, Hakh alleges Dharamlall tried to remove her clothes.

Persons: Sarah Aneesah Hakh, Nigel Dharamlall, Hakh, Dharamlall, ” Hakh, Irfaan Ali, Bharrat Jagdeo, “, ”, Ali, ‘, they’re Organizations: CNN, People’s Progressive Party, ” CNN, Anna Regina State House, Dharamlall, Guyanese Locations: Guyana, Georgetown, Guyanese, Cummings

☆ Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025
▼ + stars: | 2024-05-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp, speaks during the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024. Exxon CEO Darren Woods said Monday that the dispute with Chevron over Hess Corporation 's oil assets in Guyana likely will not be resolved until 2025. "This is an important arbitration obviously not only for Exxon Mobil but for Chevron and Hess," Woods said. Exxon is claiming a right of first refusal on Hess' assets in Guyana under a joint operating agreement that governs a consortium that is developing the South American nation's prolific oil resources. The CEO has repeatedly expressed confidence that Exxon will prevail in the dispute, saying the company wrote the agreement that governs the consortium.

Persons: Darren Woods, Woods, CNBC's David Faber, Hess Organizations: Exxon Mobil Corp, P Global, Exxon, Chevron, Hess Corporation, Milken Institute's Global Conference, Exxon Mobil, Hess, International Chamber of Commerce Locations: Houston , Texas, Guyana, Los Angeles, Paris

☆ Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins
▼ + stars: | 2024-04-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

An Exxon gas station is seen on October 06, 2023 in the Brooklyn borough of New York City. Exxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices. Natural gas prices have plummeted 37% this year, and refining margins are lower than they were a year ago. Oil and gas production profits fell 12% to $5.67 billion, compared with $6.46 billion in same quarter last year due to lower natural gas prices. Exxon's fuel business saw earnings plummet 67% to $1.38 billion, compared with $4.18 billion in the prior year, due to lower refining margins.

Persons: Hess Organizations: Exxon, Exxon Mobil, LSEG, Chevron, Revenue, Hess Corp Locations: Brooklyn, New York City, Guyana

☆ Exxon Mobil CEO: Guyana will go down as one of the best deepwater developments in industry history
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO: Guyana will go down as one of the best deepwater developments in industry historyDarren Woods, Exxon Mobil chairman and CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, importance of the company's Guyana assets, oil demand outlook, impact of geopolitical tensions on oil prices, and more.

Persons: Darren Woods Organizations: Exxon Mobil CEO, Exxon Mobil Locations: Guyana

☆ Watch CNBC's full interview with Exxon Mobil chairman and CEO Darren Woods
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Exxon Mobil chairman and CEO Darren WoodsDarren Woods, Exxon Mobil chairman and CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, importance of the company's Guyana assets, oil demand outlook, impact of geopolitical tensions on oil prices, and more.

Persons: Darren Woods Darren Woods Organizations: Exxon Mobil Locations: Guyana

☆ Chevron beats earnings estimates but profit falls on lower refining margins and natural gas prices
▼ + stars: | 2024-04-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Revenue of $48.72 billion fell from $50.79 billion a year ago and was short of analyst expectations. The company attributed declining profits to lower sales margins at its refineries and lower natural gas prices eating into profits in international production. Natural gas prices have plummeted 35% this year due to a supply glut. International oil and gas earnings fell 6% to $3.2 billion as production fell by 39,000 barrels to 1.77 million bpd due to maintenance in Nigeria and field declines. The higher spending was on its oil and gas production and old assets from PDC Energy after completing its acquisition of the company last August.

Persons: Read Organizations: Chevron, LSEG, Wall, Energy Information Administration, Denver, Hess Corp, Exxon Mobil, Federal, PDC Energy Locations: U.S, Nigeria, Guyana

☆ Here’s how the Israel-Iran conflict affects the oil market
▼ + stars: | 2024-04-15 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

Oil prices spiked Friday to levels not seen since October in anticipation of just such an escalation but on Monday were subdued. “It is the most significant chokepoint in the global oil market,” Richard Bronze, co-founder and analyst at data firm Energy Aspects, told CNN. A renewed crackdown would, however, “create upward pressure on global prices” at an inopportune moment, Tagliapietra said. A tight oil marketDespite Iran’s barrage of drones and missiles, the conflict had a relatively muted impact on the global oil market Monday. Oil prices have already risen sharply since hitting a low in early February.

Persons: London CNN —, Brent, Israel —, Simone Tagliapietra, ” Richard Bronze, Tagliapietra, Joe Biden’s, WTI, Russia — Organizations: London CNN, West Texas Intermediate, CNN, International Energy Agency, Hamas, Organization of, Petroleum, United Arab Emirates, Traders Locations: Israel, Iran, Syria, Paris, Gaza, Tehran, Hormuz ‘, Hormuz, Brussels, China, Strait, Saudi Arabia, Kuwait, United States, Ukraine, Washington, Damascus, OPEC, Russia, Brazil, Guyana, Canada

☆ Ecuador’s raid on Mexico’s embassy shocked Latin America. Here’s why it may still pay off for Daniel Noboa
▼ + stars: | 2024-04-10 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +7 min

Ecuador's President Daniel Noboa during his inauguration at the National Assembly in Quito on November 23, 2023. A close ideological ally of Correa, Lopez Obrador had since December allowed Glas to live at the Mexican embassy—territory that is technically off limits for local authorities. Lopez Obrador last week seemed to criticize the election that brought Noboa to power, suggesting the climate of fear created by Villavicencio’s murder had favored Noboa. President of Mexico Andres Manuel Lopez Obrador speaks during a briefing at Palacio Nacional on March 12 in Mexico City. Hector Vivas/Getty ImagesWhile Lopez Obrador is at the sunset of his political career, Noboa is just getting started and seeks a strong platform to run for re-election next year.

Persons: “, ”, Jorge Glas, Ecuador’s, Daniel Noboa, Andres Manuel Lopez Obrador, Noboa, Guillermo Lasso, Fernando Villavicencio, Alfredo ‘ Fito ’ Macias, RODRIGO BUENDIA, Glas, Rafael Correa, Lopez Obrador, Evo Morales, Peru’s Pedro Castillo, Correa, Villavicencio’s, Santiago Orbe, ” Orbe, Mexico Andres Manuel Lopez Obrador, Hector Vivas, Emilio Lezama, Bukele, Latinobarometro, It’s, it’s Organizations: Bogota CNN —, Colombian, National, Getty, Ecuadorian, CNN, Palacio Nacional, International Court of Justice Locations: Bogota, America, Guyana, Quito, Mexican, Mexico, Latin America, AFP, Ecuador, Glas, Vienna, Ukraine, Mexico City, El, El Salvador

☆ Is Guyana’s Oil a Blessing or a Curse?
▼ + stars: | 2024-03-30 | by ( Gaiutra Bahadur | Keisha Scarville | ) www.nytimes.com time to read: +1 min

Basjit Mahabir won’t let me in. I’m trying to persuade Mr. Mahabir to open the padlocked gate of the Wales Estate, where he guards the ramshackle remains of a factory surrounded by miles of fallow sugar cane fields. The growing and grinding of sugar on this plantation about 10 miles from Georgetown, Guyana’s capital, ended seven years ago, and parts of the complex, its weathered zinc walls the color of rust, have been sold for scrap. “My father used to manage the field lab.” Mr. Mahabir is friendly, but firm. Now the estate is slated to become part of Guyana’s latest boom, an oil rush that is reshaping the country’s future.

Persons: Basjit, Mahabir, “, ”, Mr, I’m Organizations: Wales Estate Locations: Georgetown, Guyana’s

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