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☆ Oil extends gains on expectations of further OPEC+ supply cuts
▼ + stars: | 2023-11-20 | by ( Emily Chow | ) www.reuters.com time to read: +3 min

SummaryCompanies Brent, WTI prices rise nearly 1%OPEC+ set to consider whether to make more supply cuts -sourcesUS adds oil, gas rigs, first time in three weeks -Baker HughesSINGAPORE, Nov 20 (Reuters) - Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict. Both contracts settled 4% higher on Friday after three OPEC+ sources told Reuters that the producer group, made up of the Organization of the Petroleum Exporting Countries and their allies including Russia, is set to consider whether to make additional oil supply cuts when it meets on Nov. 26. Oil prices have dropped by almost 20% since late September while prompt inter-month spreads for Brent and WTI slipped into contango last week. In a contango market, prompt prices are lower than those in future months, signalling sufficient supply. Investors are also eyeing disruption in Russian crude oil trade after Washington imposed sanctions on three ships that have sent Sokol crude to India.

Persons: Brent, Baker Hughes, WTI, OPEC's, Jorge Leon, Leon, Tony Sycamore, Biden, Sycamore, Sokol, Florence Tan, Emily Chow, Christopher Cushing Organizations: West Texas, Reuters, Organization of, Petroleum, Rystad Energy, Monetary, . Strategic Petroleum Reserve, Thomson Locations: Baker Hughes SINGAPORE, East, Israel, Russia, Brent, Saudi Arabia, Saudi, OPEC, Washington, India, Moscow, U.S, Gaza

It also slightly raised its 2023 forecast for growth in global oil demand and stuck to its relatively high 2024 prediction. Last week, oil prices slid to their lowest level since July, hurt by concerns that demand could wane in in top oil consumers U.S. and China. A U.S. crackdown on Russian oil exports could potentially disrupt supply, supporting prices further. Iraq's oil minister expects to reach an agreement with the Kurdistan Regional Government and foreign oil companies to resume oil production from the Kurdish region's oilfields and resume northern oil exports through the Iraq-Turkey pipeline. Focal points for the market include the International Energy Agency's latest monthly oil market report later in the day.

Persons: Dun Jiao, Tatiana Meel, Leon Li, Emily Chow, Edwina Gibbs, Stephen Coates Organizations: REUTERS, Rights, Brent, ING, Organization of, Petroleum, Strategic Petroleum Reserve, U.S . Treasury Department, Kurdistan Regional Government, of Commerce, International Energy, APEC, Markets, Thomson Locations: Nakhodka, Russia, Rights SINGAPORE, U.S, China, Washington, Moscow, Iraq, Kurdish, Turkey, Shanghai

☆ Oil prices edge up after OPEC says market fundamentals are strong
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSINGAPORE, Nov 14 (Reuters) - Oil prices inched up on Tuesday after an OPEC report said market fundamentals remained strong and due to concerns supplies might be disrupted as the U.S. cracks down on Russian oil exports. Last week, oil prices slid to their lowest level since July, hurt by concerns that demand could wane in in top oil consumers U.S. and China. Iraq's oil minister expects to reach an agreement with the Kurdistan Regional Government and foreign oil companies to resume oil production from the Kurdish region's oilfields and resume northern oil exports through the Iraq-Turkey pipeline. Oil prices were also supported by a U.S. crackdown on Russian oil exports, potentially disrupting supply. Focal points for the market include the International Energy Agency's latest monthly oil market report later in the day.

Persons: Dun Jiao, Tatiana Meel, Emily Chow, Edwina Gibbs Organizations: REUTERS, Rights, Brent, Organization of, Petroleum, ANZ Research, Kurdistan Regional Government, of Commerce, U.S . Treasury Department, Strategic Petroleum Reserve, International Energy, Energy, Thomson Locations: Nakhodka, Russia, Rights SINGAPORE, U.S, China, Iraq, Kurdish, Turkey, Washington, Moscow

☆ Beijing Bishop Visits Hong Kong Amid Tensions Between China and Vatican
▼ + stars: | 2023-11-14 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Jessie Pang and Joyce ZhouHONG KONG (Reuters) - China's state-backed Bishop of Beijing visited Hong Kong on Tuesday amid fears among some Catholics that Beijing wants tighter control over religious affairs in Hong Kong. The visit is the first trip by a mainland Chinese bishop since the former British colony was returned to China in 1997 and follows a landmark visit to the Chinese capital by his Hong Kong counterpart in April. Hong Kong has traditionally been seen as a regional Catholic hub on the edge of the Chinese mainland under officially-atheist Communist Party rule. Hong Kong has 600,000 Catholics. Tensions between Beijing and the Vatican over the appointment of bishops saw a confidential pact struck in 2018.

Persons: Jessie Pang, Joyce Zhou HONG, Bishop, Pope, Bishop Joseph Li, Li, of Hong Kong Stephen Chow, Chow, Cardinal Joseph Zen, Zen, Tyrone Siu, Joyce Zhou, Michael Perry Organizations: Reuters, Hong, Hong Kong Catholic Cathedral, Hong Kong Liaison Office, Communist Party Locations: Joyce Zhou HONG KONG, Beijing, Hong Kong, China, of Hong Kong, Vatican, China . Hong Kong, Asia

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicWarning: This episode contains descriptions of injuries and death. As Israel’s war on Hamas enters its sixth week, hospitals in Gaza have found themselves on the front lines. Hospitals have become a refuge for the growing number of civilians fleeing the violence, but one that has become increasingly dangerous as Israel’s military targets what it says are Hamas fighters hiding inside and beneath them. Today, three doctors working in the Gaza Strip describe what the war looks like from inside their hospitals and what they are doing to keep up with the flood of patients. On today’s episode

Organizations: Spotify Locations: Gaza

An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Brent January crude futures rose 0.3%, or 28 cents, to $85.30 a barrel by 0330 GMT, after falling more than 1% on Tuesday. Brent December futures settled 4 cents lower at $87.41 a barrel at the contract's expiry on Tuesday. Interest rate hikes aimed at taming inflation can slow economic growth and reduce oil demand, while rate cuts to spur spending could increase oil consumption. The Fed, which will end its meeting on Wednesday, is expected to hold rates steady, according to a poll by CME's Fedwatch tool.

Persons: Brent, Edward Moya, CME's, Goldman Sachs, Antony Blinken, Mohi Narayan, Emily Chow, Jamie Freed Organizations: Kyodo, U.S . Federal Reserve, . West Texas, Treasury, Federal, Market, American Petroleum Institute, Central Bank, Bank of England, Israel, Thomson Locations: Idemitsu, Ichihara, Tokyo, Japan, DELHI, Israel, ., U.S, Europe, China, East, Gaza, New Delhi, Singapore

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicOver the weekend, the Israeli military appears to have begun an invasion of the Gaza Strip, with tanks rolling into the enclave and Israeli soldiers fighting Hamas inside. But the operation remains shrouded in secrecy, and Israel is revealing little about its actions. Raja Abdulrahim, a Middle East correspondent for The Times, and Patrick Kingsley, the Jerusalem bureau chief, discuss the latest escalation in the war.

Persons: Raja Abdulrahim, Patrick Kingsley Organizations: Spotify, The Times Locations: Gaza, Israel, East, Jerusalem

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicOver the past few days, two of the lawyers who tried to help former President Donald J. Trump stay in power after losing the 2020 election pleaded guilty in a Georgia racketeering case and have agreed to cooperate with prosecutors against him. Richard Faussett, who writes about politics in the American South for The Times, explains why two of Mr. Trump’s former allies have now turned against him.

Persons: Donald J, Trump, Richard Faussett, Trump’s Organizations: Spotify, The Times Locations: Georgia, American

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicOver a year, the federal deficit — the gap between what the U.S. government spends and what it earns — has doubled, to nearly $2 trillion. That figure seems to validate the worries of congressional Republicans about government spending, which have been at the center of the messy fight over who should be House speaker. Jim Tankersley, who covers economic policy at the White House for The Times, explains the Republicans’ concerns — and why their plans would not come close to solving the problem.

Persons: —, Jim Tankersley Organizations: Spotify, White, The Times

☆ ‘AKA Mr. Chow’ Review: Portrait of the Artist as a Restaurateur
▼ + stars: | 2023-10-20 | by ( John Anderson | ) www.wsj.com time to read: +1 min

Michael Chow Photo: HBOAmong his many talents, the celebrity restaurateur Michael Chow , the subject of “AKA Mr. Chow,” has the seemingly savant-ish ability to recall the first shot of any movie he’s seen. “Why are first scenes so important?” asks director Nick Hooker . “Is your birth important?” asks Mr. Chow. AKA Mr. Chow Sunday, 9 p.m., HBOA film-critic colleague once observed, or conceded, that few movies get any better after the first five minutes. Over the great operatic journey that is Mr. Chow’s life, can anything top the overture performed by this supremely self-confident, mildly abrasive, quasi-pugnacious but likable impresario-artist-actor and feeder of the elite?

Persons: Michael Chow, Chow, ”, “ Lawrence, Nick Hooker, “, Hooker, Jean Tsien, Chow — Organizations: HBO Locations: Northwest, Arabia

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicA devastating blast at a hospital in Gaza on Tuesday killed hundreds and ignited protests across the broader Middle East, deepening the crisis in the region. As President Biden visits Israel looking to ease tensions and avoid a broader conflict, Edward Wong, a diplomatic correspondent for The Times, discusses the narrow path the American leader must navigate.

Persons: Biden, Edward Wong Organizations: Spotify, The Times Locations: Gaza, Israel

☆ 28 Best Gifts for Dog Lovers
▼ + stars: | 2023-10-17 | by ( Jennifer Tzeses | ) www.wsj.com time to read: +15 min

Browse the ideas below, and take a look at our roundups of expert-approved products to keep your pet calm and the best gifts for cat lovers too. For the bakerThe Dash Dog Treat Maker—a small waffle iron with bone-shaped plates—lets your pal whip up homemade dog treats. Many similar custom pet portraits are available on Etsy, including a Mini Custom Watercolor Pet Portrait from Riverry Studio and a Custom Watercolor Pet Portrait from Pet Portrait Galaxy. “I will treasure them forever.” Haussmann also loves custom pet portraits and gifted one to his brother-in-law. For any dog ownerBaapet Dog Leash with Padded Handle $9+ at AmazonWe included the Baapet Dog Leash with Padded Handle as the best for everyday use in our list of the best leashes for every type of dog.

Persons: Jennifer Tzeses, —, Juliana DeWillems, ” DeWillems, Fido, DeWillems, ”, Robert Haussmann, he’s, Hernandez, AJ Hernandez, ’, Roxy, Maggie Marton, she’s, Marton, “, ” Haussmann, they’re, Cynthia Dockx, Haussmann, “ It’s, can’t, it’s, Buddy, Licking, Sophie Gamand, Hunter Finn, Dr, Finn, Mikkel Becker, Julie Burgess, Lucy, Pilar Scratch, Shih Tzu, Oddie, Ingrid Johnson, Johnson, Bob, It’s, Bellamy Richardson Organizations: Behavior Consulting, Washington , D.C, Dogboy, Riverry, BPA, Rover, Homes, Colo, Etsy, Apple Locations: Washington ,, Boston, Indiana, Morris Plains, N.J, Haussmann, McKinney , Texas, Seattle, Chihuahua, It’s, . New York, Petsafe

The Offshore Alliance union said it had called off strikes originally planned for Thursday at the U.S. energy major's Gorgon and Wheatstone projects in Western Australia, which supply around 6% of the world's LNG. Workers have showed "incredible patience" with Chevron, Offshore Alliance spokesperson Brad Gandy said in a statement, blaming the company for trying to back away from the tentative deal agreed last month. "There was some real compromises by Chevron at the 11th hour that enabled a deal to be re-struck and strikes withdrawn," energy analyst Saul Kavonic said. Kavonic said the agreement would end the risks of strikes across Australia's largest offshore LNG projects. The Offshore Alliance, a coalition of the Australian Workers' Union and the Maritime Union of Australia, said workers would vote on the proposed enterprise agreements.

Persons: Brad Gandy, Gandy, Saul Kavonic, Kavonic, Renju Jose, Lewis Jackson, Emily Chow, Stephen Coates Organizations: Reuters, Chevron, Handout, REUTERS, Union, SYDNEY, Offshore Alliance, Traders, Workers, Australian Workers ' Union, Maritime Union of Australia, Thomson Locations: Wheatstone, Western Australia, Australian, Chevron's, Australia, U.S, Asia, Norway, Sydney, Singapore, Bengaluru

☆ Oil falls below $90 a barrel on report of US-Venezuela deal
▼ + stars: | 2023-10-16 | by ( Erwin Seba | ) www.reuters.com time to read: +3 min

U.S. West Texas Intermediate (WTI) crude fell by 0.29 cents, or 0.37%, to $87.30 a barrel. Easing sanctions on Venezuela's oil industry could result in increased oil supply. "It's more of the same on Monday in terms of the conflict in the Middle East being contained from affecting crude oil supplies," said John Kilduff, partner with Again Capital LLC. Both oil benchmarks had climbed nearly 6% on Friday, taking Brent 7.5% higher on the week and WTI up 5.9%. Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020.

Persons: Israel, Brent, John Kilduff, Antony Blinken, Benjamin Netanyahu, Vladimir Putin, Putin, John Evans, Robert Harvey, Yuka Obayashi, Emily Chow, Susan Fenton, David Evans, Deepa Babington, David Gregorio Our Organizations: Monday HOUSTON, . West Texas, Traders, Brent, REUTERS, U.S, Israeli, United, US, Thomson Locations: Venezuela, Gaza, Israel, U.S, Barbados, Palestinian, Cushing , Oklahoma, Rafah, Egypt, Israel's, Russia, Iran, Syria, United States, Moscow, Russian, Saudi, London, Tokyo

☆ Oil prices steady above $90 as investors assess Israel-Hamas war
▼ + stars: | 2023-10-16 | by ( Robert Harvey | ) www.reuters.com time to read: +2 min

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. U.S. West Texas Intermediate (WTI) crude rose by 12 cents, or 0.14%, to $87.81 a barrel. Both benchmarks climbed nearly 6% on Friday, taking Brent 7.5% higher on the week and WTI up 5.9%. The war between Islamist group Hamas and Israel poses one of the most significant geopolitical risks to oil markets since Russia's invasion of Ukraine last year, analysts say. With fears of the conflict escalating, U.S. Secretary of State Antony Blinken will return to Israel on Monday to talk "about the way forward".

Persons: Israel, Brent, Antony Blinken, Hiroyuki Kikukawa, Putin, John Evans, Alexander Novak, Robert Harvey, Yuka Obayashi, Emily Chow, Susan Fenton, David Evans Organizations: REUTERS, Monday LONDON, Brent, . West Texas, Hamas, US, Thomson Locations: Cushing , Oklahoma, U.S, Gaza, Israel, Ukraine, Trading, United States, Moscow, Russian, Saudi, Russia, London, Tokyo

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Country Garden, China's largest private property developer, has not defaulted so far, but has missed coupon payments on some dollar bonds since last month and faces the end of 30-day grace periods for making payments from next week. In a filing with the Hong Kong stock exchange on Tuesday, Country Garden said that its sales and financing were facing "significant challenges", and its available funds have continued to decrease. Country Garden was due on Monday to pay $66.8 million in coupons on 2024 and 2026 dollar bonds, although the payments have a 30-day grace period. ($1 = 7.8284 Hong Kong dollars)Reporting by Scott Murdoch in Sydney and Xie Yu in Hong Kong; additional reporting Rishav Chatterjee in Bengaluru and Clare Jim in Hong Kong; Editing by Rashmi Aich, Lincoln Feast, Jamie Freed and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, homebuyers, Houlihan Lokey, Sidley Austin, Jeff Zhang, Sandra Chow, CreditSight's, Scott Murdoch, Xie Yu, Rishav Chatterjee, Clare Jim, Rashmi Aich, Lincoln, Jamie Freed, Kim Coghill Organizations: Shanghai Country Garden, REUTERS, HK, Hong, China International Capital Corporation, Asia, China Evergrande, Investment, Thomson Locations: Shanghai, China, HONG KONG, Hong Kong, Beijing, Sydney, Bengaluru, Clare

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Companies accounting for 40% of Chinese home sales - mostly private property developers - have defaulted on debt obligations since a liquidity crisis hit the sector in 2021, leaving many homes unfinished. The developer had been working towards announcing a restructure of its offshore debt, Chinese media reported on Monday. Country Garden faces another big test next week when its entire offshore debt could be deemed in default if it fails to pay a $15 million September coupon by Oct. 17. "The difficult situation shows that Chinese developers face severe liquidity pressure from weak home sales, and repayment to bondholders is still a lower priority," said Gary Ng, senior economist at Natixis Corporate and Investment Bank.

Persons: Aly, Houlihan Lokey, Sidley Austin, Morningstar, Jeff Zhang, Sandra Chow, CreditSight's, Gary Ng, Scott Murdoch, Xie Yu, Rishav Chatterjee, Rashmi Aich, Lincoln, Jamie Freed 私 Organizations: Shanghai Country Garden, REUTERS, Garden Holdings, HK, Hong Kong Stock Exchange, China International Capital Corporation, Asia, Natixis Corporate, Investment Bank Locations: Shanghai, China, HONG KONG, Hong Kong, Sydney, Bengaluru

TORONTO, Oct 9 (Reuters) - Prime Minister Justin Trudeau and other Canadian authorities on Monday condemned demonstrations across Canada by those they said were glorifying violence by supporting Palestinian Islamist group Hamas' attack on Israel. "I strongly condemn the demonstrations that have taken place, and are taking place, across the country in support of Hamas' attacks on Israel," Trudeau said in a post on X, formerly called Twitter. Trudeau joined a solidarity gathering for Israel late on Monday and condemned Hamas' attack in his address. Hamas launched a surprise attack on Israel on Saturday killing hundreds of Israelis and seizing dozens of hostages. Israeli TV channels said the death toll from the Hamas attack had climbed to 900, with at least 2,600 injured.

Persons: Justin Trudeau, Trudeau, Blair Gable, Olivia Chow, Chow, Lauren Pouge, Doug Ford, Mona Ayesh, Kyaw Soe, Kanishka Singh, Michael Perry, Gerry Doyle Organizations: TORONTO, Palestinian, Hamas, Israel, Palestinian Youth Movement, Jewish Community Centre, REUTERS, Toronto, Ontario's, Health, West Bank, Reuters, Thomson Locations: Canada, Israel, Hamas, Toronto, Ottawa , Ontario, Israeli, Gaza, Canadian

"The most serious outcome for crude is that the conflict escalates into a more devastating proxy war which could affect crude supply," said Rebecca Babin, senior energy trader at CIBC Private Wealth US. Israel's port of Ashkelon and its oil terminal have been shut in the wake of the conflict, sources said. Goldman Sachs said the conflict reduced the likelihood of normalization of Israel's relations with Saudi Arabia, and the associated boost to Saudi production over time. The conflict is likely to lead to higher volatility and speculation in oil markets, the CEO of Brazil's Petrobras (PETR4.SA) said. High oil price due to the conflict could bolster inflation, analysts said, forcing rate hikes that could dampen demand.

Persons: recouping, Brent, WTI, Israel, Rebecca Babin, Agustin Marcarian, Goldman Sachs, Caroline Bain, Saxo Bank's Ole Hansen, Nicolas Maduro, Arathy Somasekhar, Natalie Grover, Andrew Hayley, Emily Chow, Kirsten Donovan, Lisa Shumaker, David Gregorio Our Organizations: HOUSTON, . West Texas, Reuters Graphics Reuters, Hamas, CIBC Private Wealth, Israel, REUTERS, Saudi, Analysts, Capital Economics, U.S, Petrobras, PETR4, Thomson Locations: Saudi, Israel, Ashkelon, Israel US, Venezuela, Palestinian, Gaza, Saudi Arabia, Washington, Riyadh, Vaca, Patagonian, Neuquen, Argentina, Moscow, U.S, Iran, Russia, Caracas, Mexico, Tel Aviv, Houston, London, Beijing, Singapore

Brent crude was up $3.24, or 3.8%, to $87.85 a barrel by 11 a.m. ET (1500 GMT), while U.S. West Texas Intermediate crude was at $86.19 a barrel, up $3.40 or about 4.1%. Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. Analysts suggested the implications of the conflict could include a potential slowdown in Iranian exports, which have grown significantly this year, despite U.S. sanctions. Any production and export disruption would exacerbate supply tightness as most analysts expect markets to be in a deficit in the second half of the year.

Persons: recouping, Brent, WTI, Tudor Pickering, Matt Portillo, Agustin Marcarian, Saxo Bank's Ole Hansen, Caroline Bain, Arathy Somasekhar, Natalie Grover, Andrew Hayley, Emily Chow, Kirsten Donovan, Lisa Shumaker Organizations: U.S, West Texas, Reuters Graphics Reuters, Saturday, REUTERS, Israel, White, Capital Economics, Thomson Locations: Saudi, Israel, HOUSTON, Palestinian, Holt, Gaza, Vaca, Patagonian, Neuquen, Argentina, Saudi Arabia, Washington, Riyadh, Moscow, Russia, U.S, Iran, Houston, London, Beijing, Singapore

☆ Oil prices jump as Middle East turmoil roils markets
▼ + stars: | 2023-10-09 | by ( Natalie Grover | ) www.reuters.com time to read: +3 min

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsLONDON, Oct 9 (Reuters) - Oil prices surged more than 3% on Monday as military clashes between Israel and the Palestinian Islamist group Hamas ignited fears of a wider conflict in the Middle East. While the underlying supply-demand balance is unaffected, said Tamas Varga of oil broker PVM, "any rise in tension in the Middle East usually leads to an increase in oil prices and it is no different this time around". "If the conflict envelopes Iran... up to 3% of global oil supply is at risk. And if a wider conflict eventuates that ends up impacting transit through the Strait of Hormuz, around 20% of global oil supply could be held hostage," energy analyst Saul Kavonic told Reuters.

Persons: Agustin Marcarian, Brent, WTI, Tamas Varga, Saul Kavonic, Natalie Grover, Andrew Hayley, Emily Chow, Miral Fahmy, Jason Neely Organizations: REUTERS, U.S, West Texas, Saturday, Israel, White, Citi, Reuters, International Energy Agency, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Israel, Palestinian, Gaza, Saudi Arabia, Washington, Riyadh, Saudi, Moscow, Iran, Hormuz, London, Beijing, Singapore

An aerial view shows the 39 buildings developed by China Evergrande Group that authorities have issued demolition order, on the man-made Ocean Flower Island in Danzhou, Hainan province, China January 6, 2022. "The (investigation into Hui) clearly shows that Chinese policymakers prioritise political considerations to economic ones in dealing with Evergrande," he said. Evergrande and China's housing authority did not immediately respond to requests for comment during the week long National Day holiday. Gavekal in its report said that at the very least, an orderly restructuring of Evergrande seemed increasingly hard to achieve. A liquidation petition filed against Evergrande is scheduled for hearing in a Hong Kong court on Oct 30.

Persons: Aly, Hui Ka Yan, Hui, Xin Sun, Evergrande, Christopher Beddor, Sandra Chow, bondholder, Antonio Fatas, Xie Yu, Clare Jim, Kane Wu, Sumeet Chatterjee, Lincoln Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, lurched, East Asian, King's College London, SOE, Evergrande, Thomson Locations: Danzhou, Hainan province, China, HONG KONG, Beijing, homebuyers, Asia, Pacific, Gavekal, Hong Kong, Evergrande

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. On its first day as the front-month, Brent futures for December delivery settled $1.49, or 1.6%, lower at $90.71 a barrel, or down about 5% from where the November contract expired on Friday. Analysts said some traders took profits after crude prices rose nearly 30% to 10-month highs in the third quarter. Higher interest rates along with a stronger dollar, which makes oil more expensive for holders of other currencies, could dent oil demand. A Reuters survey showed OPEC oil output rose for a second straight month in September despite cuts by Saudi Arabia.

Persons: Agustin Marcarian, Brent, Gelber, Edward Moya, Scott DiSavino, Paul Carsten, Yuka Obayashi, Emily Chow, Marguerita Choy, David Gregorio Our Organizations: REUTERS, U.S ., . West Texas, New York Mercantile, Intercontinental Exchanges, U.S . Commodity Futures Trading Commission, Associates, U.S, . Federal Reserve, World Bank, ING, Organization of, Petroleum, Reuters, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, U.S, Europe, Germany, Britain, China, Iraq, Saudi Arabia, OPEC, Russia, New York, London, Tokyo

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. U.S. West Texas Intermediate (WTI) crude fell $1.90, or 2.1%, to $88.89 per barrel. Energy analysts cited profit taking after crude prices rose nearly 30% in the third quarter to 10-month highs. A Reuters survey showed OPEC oil output rose for a second straight month in September despite cuts by Saudi Arabia. In Europe, manufacturing data showed the euro zone, Germany and Britain remained mired in a downturn in September, pressuring oil demand.

Persons: Agustin Marcarian, Brent, Jerome Powell, Scott DiSavino, Paul Carsten, Yuka Obayashi, Emily Chow, Kim Coghill, Kirsten Donovan, Sharon Singleton Organizations: REUTERS, U.S ., . West Texas, Energy, New York Mercantile, Intercontinental Exchanges, U.S . Commodity Futures Trading, U.S, U.S . Federal Reserve, Treasury, ING, Organization of, Petroleum, Reuters, Bank, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Friday's, U.S, Iraq, Saudi Arabia, OPEC, Russia, Europe, Germany, Britain, China, New York, London, Tokyo

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. Brent December crude futures rose $1.04 to $93.24 a barrel by 1124 GMT after falling 90 cents on Friday. Both benchmarks rallied nearly 30% in the third quarter on forecasts of a wide crude supply deficit in the fourth quarter after Saudi Arabia and Russia extended additional supply cuts to the end of the year. A Reuters survey on Monday showed OPEC oil output rose for a second straight month in September, led by increases in Nigeria and Iran despite cuts by Saudi Arabia. Despite the brighter China news, European manufacturing data showed the euro zone, Germany and Britain all remained mired in a downturn in September - bad news for oil demand.

Persons: Agustin Marcarian, Baker Hughes, Brent, Hiroyuki Kikukawa, Haitham Al Ghais, Paul Carsten, Yuka Obayashi, Emily Chow, Kim Coghill, Kirsten Donovan Organizations: REUTERS, . West Texas, of, Petroleum, Reuters, NS, ING, PMI, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, U.S, Saudi Arabia, Russia, OPEC, Nigeria, Iran, Turkey, Iraq, China, Germany, Britain, London, Tokyo

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