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[1/3] David Wayne DePape appears at U.S. District Court for federal charges over the attack on Paul Pelosi, husband of U.S. Speaker of the House, Nancy Pelosi, in San Francisco, California, U.S. November 15, 2022 in a courtroom sketch. REUTERS/Vicki Behringer Acquire Licensing RightsNov 16 (Reuters) - A federal court jury will resume deliberations on Thursday in the trial of a right-wing conspiracy theorist who attacked the husband of former U.S. House Speaker Nancy Pelosi with a hammer. The San Francisco jury began deliberations on Wednesday, failing to reach a verdict before the end of the day on charges of attempted kidnapping and assault of an immediate family member of a federal official. DePape told the jury he wanted to kidnap Nancy Pelosi, interrogate her, and break her kneecaps if he found her to be lying. But after breaking into the home he instead found her husband, then age 82, asleep in his bed.
Persons: David Wayne DePape, Paul Pelosi, Nancy Pelosi, Vicki Behringer, San Francisco, DePape, Jodi, QAnon, Hunter Biden, George Soros, Pelosi, Daniel Trotta, Christopher Cushing Organizations: ., San, Democrat, Thomson Locations: U.S, San Francisco , California, Washington, San Francisco, California
Japan's Prime Minister Fumio Kishida and Chinese President Xi Jinping pose for a family photo during Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. They also pledged to hold high-level dialogue on economic issues and welcomed the launch of a framework to discuss export controls as they met on the sidelines of an Asia Pacific Economic Cooperation summit. In a joint statement in 2008, Japan and China agreed to pursue a "mutually beneficial relationship based on common strategic interests" designed to ensure frequent leadership exchanges on issues such as security and economic cooperation. On the sidelines of the APEC summit, Kishida has also met South Korean President Yoon Suk Yeol for their seventh meeting this year. Leaders from the 21-member Asia-Pacific Economic Cooperation forum are in San Francisco for its 30th summit from Nov. 15-17.
Persons: Fumio Kishida, Xi Jinping, Carlos Barria, Xi, Kishida, Joe Biden, Biden, Washington, Rumi Aoyama, Aoyama, Yoon Suk, Yoon, Mariko Katsumura, John Geddie, Kaori Kaneko, Sakura Murakami, Ethan Wang, Stephen Coates, Raju Gopalakrishnan Organizations: Japan's, Economic Cooperation, REUTERS, Asia, Astellas Pharma, ., Waseda Institute of Contemporary Chinese, APEC, South, Thomson Locations: Asia, San Francisco , California, U.S, China, San Francisco, Japan, Taiwan, Beijing, United States, Tokyo
While key issues like U.S. sanctions on chip exports remain unresolved, Chinese state media is now striking a different tone, focusing on Xi's smile during past trips to Iowa, fireside chats with its residents, and sharing chocolates with Biden. With official ties still strained, Chinese state media has focused on relations between the people and emphasised the potential for cooperation and importance of the summit for the Asia-Pacific region. Gary Dvorchak, an Iowan considered by Xi an old friend of China, said Xi's fondness for Iowa was genuine but that the Chinese leader also used his ties to the state for propaganda value. “It humanises him and it gives him an ability to show a connection to the American people and bypass the American media,” said Dvorchak. On the Weibo Chinese microblogging site, the most popular hashtag on Thursday still harked back to tension over Taiwan: "China must be and will be reunified."
Persons: Xi Jinping, Carlos Barria, Joe Biden, Xi, Biden, Li Mingjiang, Iowans, Gary Dvorchak, , Dvorchak, Albee Zhang, Michael Martina, Greg Torode, Robert Birsel Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, REUTERS, Rights, U.S, Rajaratnam School of International Studies, Xinhua, Weibo, Thomson Locations: Asia, San Francisco , California, U.S, Rights BEIJING, California, Iowa, Taiwan, China, Singapore, Pacific, Xinhua, Beijing, Washington, Hong Kong
Morning Bid: Consumers in focus as Walmart reports
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +3 min
A look at the day ahead in European and global markets from Vidya Ranganathan. Thursday's corporate calendar features a host of earnings reports that will shine further light on the health of the global consumer, as U.S. retailers Walmart (WMT.N), Bath & Body Works and Macy's (M.N) report earnings. Expectations for Walmart ride high after peer Target (TGT.N) surged by almost a fifth on Wednesday in the wake of its consensus-beating holiday sales forecast and upbeat view of its supply chain. Figures on Wednesday showed U.S. producer prices fell at their fastest pace since April 2020, and UK consumer inflation undershot all forecasts. Reuters GraphicsMeanwhile in Asia, Japan's exports are struggling due to slumping China-bound shipments of chips and steel.
Persons: Vidya Ranganathan, Eddie Wu, Christine Lagarde, Jerome Powell, What's, Joe Biden, Xi Jinping, England's Randall Kroszner, ECB's Christine Lagarde, Luis de Guindos, Fed's Loretta Mester, John Williams, Michael Barr, Jacqueline Wong Organizations: Vidya, Walmart, Body, Insider Intelligence, U.S, Bank, Events, Applied Materials, Siemens, SQM, Thomson Locations: U.S, Asia, China, San Francisco, Bath, France
TAIWANThe two leaders had a "substantial" discussion on Taiwan, with Xi telling Biden that Taiwan was the biggest, most dangerous issue facing the two superpowers, a senior U.S. official told reporters. LEADER TO LEADER TALKSBiden said he and Xi agreed to high-level communications. "He and I agreed that each one of us can pick up the phone call directly and we'll be heard immediately," Biden told reporters after the meeting. China and the United States should set an example for other countries, Xi told Biden, according to Chinese media, and promote cooperation on trade, agriculture, climate change and artificial intelligence. FENTANYLBiden and Xi agreed to cooperate on addressing the source of the opioid fentanyl, a leading cause of drug overdoses in the United States, the U.S. official said.
Persons: Joe Biden, Xi Jinping, Kevin Lamarque, China's Xi Jinping, Biden, Xi, Nancy Pelosi, Defense Lloyd Austin, we'll, Jeff Mason, Trevor Hunnicutt, Andrea Shalal, Heather Timmons, Stephen Coates Organizations: Economic Cooperation, REUTERS, Rights, Taiwan, U.S, Defense, Communist Party, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, TAIWAN, Taiwan, China, Beijing, United States, IRAN, Iran
The US and China will resume military-to-military communications, Biden announced Wednesday. The US and Chinese militaries often operate in close proximity to one another, and there have been some risky run-ins. AdvertisementThe US and China are resuming military-to-military communications, the US and China said Wednesday after more than year of mostly radio silence. USINDOPACOMThe spike in risky and dangerous intercepts reported by US officials began before China officially cut off mil-to-mil comms. DoD officials, too, have said opening lines between the US and China would "ensure competition does not veer into conflict."
Persons: Biden, , Joe Biden, People's Republic of China Xi Jinping, Nancy Pelosi's, USINDOPACOM, That's, Ely Ratner, China's Xi, Xi, he's, CNN's MJ Lee Organizations: Pentagon, Service, of Defense, PLA, U.S ., China Defense, China, Maritime, People's Liberation Army, US Air Force, US, DoD, Pacific Command, PRC, US Defense Department, Foreign Ministry Locations: China, People's Republic of China, San Francisco, Iran, U.S, Taiwan, United States, Hainan, South China, South, US
The strike by drivers and other workers in the GDL union began at 10 p.m. on Wednesday and was scheduled to end at 6 p.m. on Thursday. The main national railway operator, state-owned Deutsche Bahn, expected to run about 20% of its normal long-distance service. The dispute between Deutsche Bahn and GDL is in its early stages, but already is looking unusually difficult. After negotiations started last week, Deutsche Bahn said it had made an offer that amounts to an 11% raise. Political Cartoons View All 1250 ImagesNegotiations were due to resume on Thursday, but Deutsche Bahn canceled this week's talks after GDL called the strike.
Persons: GDL Organizations: BERLIN, , Deutsche Bahn Locations: GDL
REUTERS/David Kirton Acquire Licensing RightsSHENZHEN, China, Nov 16 (Reuters) - Tony Xiong is among the latest arrivals to the glitzy office towers in the newest part of Shenzhen, built to showcase China's economic miracle. Office workers are not the only ones grumbling about the unattractiveness of Qianhai, a special economic zone where Chinese dreams of global financial might and economic prosperity that once seemed inevitable are now darkened by half-empty skyscrapers and shopping malls as well as barely used motorways. And that's before China's tallest skyscraper of over 1,000 metres and a cluster of other towers are completed. With China entering a new era of sluggish growth, Qianhai may never reach the international status to which it aspires. The Qianhai Authority and China's State Council Information Office did not respond to Reuters requests for comment on the local and macro economic challenges.
Persons: David Kirton, Tony Xiong, Qianhai, Knight Frank, Antonio Fatas, Deng Xiaoping's, Xi Jinping, Xi, Zhiwu Chen, incentivised, Witman Hung, I've, Brian Miller, Klaus Zenkel, it's, Bill Deng, Zhang, James Pomfret, Marius Zaharia, David Crawshaw Organizations: REUTERS, Rights, Reuters, Authority, Communist Party, University of Hong, Qianhai Authority, HSBC, UBS, Standard Chartered, Chamber of Commerce, Greater, Thomson Locations: Shenzhen, Guangdong province, China, Rights SHENZHEN, Hong Kong, Beijing, Shanghai, China's, Qianhai, University of Hong Kong, Guangzhou, Hengqin, Macau, Nansha, South China, Greater Bay Area, . Hong Kong
Chinese leader Xi Jinping arrived in San Francisco on Tuesday ahead of a high-stakes meeting with President Biden at the APEC summit. It will be the first time Biden and Xi will speak since the U.S. shot down a suspected Chinese surveillance balloon in February. Photo: David Paul Morris/Bloomberg NewsSAN FRANCISCO—President Biden and Chinese leader Xi Jinping are going into a high-stakes summit Wednesday with a long list of contentious issues between the world’s two leading powers—and narrow room to find compromise. The two countries are close to finalizing agreements to restore communications between their militaries and cooperate in choking off fentanyl trafficking, U.S. officials said. U.S. and Chinese officials also have discussed a potential agreement for China, which has made no major order for Boeing jets since 2017, to resume purchases of the 737 Max.
Persons: Xi Jinping, Biden, Xi, David Paul Morris, President Biden, Max Organizations: APEC, Bloomberg, FRANCISCO, Boeing Locations: San Francisco, U.S, China
Service centers - facilities that play a crucial role in supplying manufacturing companies nearly finished steel products - had paused purchases ahead of the United Auto Workers (UAW) union's coordinated strike against the Detroit automakers. However, many of them were soon forced to place large orders as stocks ran low and operations resumed at the carmakers. Reuters Graphics Reuters GraphicsThe automotive segment makes up about 25% of the total U.S. sheet demand, with about 65% of that attributable to the Big Three Detroit automakers in any given year, CRU data showed. Nucor Corp (NUE.N) has raised HRC prices to $950/st while U.S. Steel (X.N) recently announced a $100/st price increase, without specifying a final rate. Meanwhile, automakers stare at higher costs for a key raw material if prices extend their upward trajectory for longer.
Persons: union's, Ryan McKinley, Morgan, Philip Gibbs, Gordon Lee Johnson, Ananta Agarwal, Nathan Gomes, Arpan Varghese, Sriraj Organizations: Detroit Three, CRU Group . Service, United Auto Workers, UAW, Detroit, CRU, Reuters Graphics Reuters, Big Three Detroit, Cleveland Cliffs, HRC, Nucor Corp, U.S . Steel, KeyBanc, GLJ Research, Thomson Locations: Bengaluru
President Biden greeted Chinese leader Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit taking place in San Francisco. Photo: Brendan Smialowski/AFP/Getty ImagesWOODSIDE, Calif.—President Biden and Chinese leader Xi Jinping struck a less contentious tone at their summit Wednesday, a reset that will be quickly tested by deep U.S.-China disagreements. With relations between the two countries near a low point, Biden and Xi agreed to resume communications between their militaries, cooperate on choking off fentanyl production and begin a dialogue on the risks of artificial intelligence. Their four hours of talks at a secluded estate outside San Francisco included a walk in the wooded grounds.
Persons: Biden, Xi Jinping, Brendan Smialowski, Xi Organizations: Economic Cooperation, Getty, Locations: Asia, San Francisco, AFP, WOODSIDE, Calif, U.S, China
CNN —Robotic explorers investigating Mars are currently out of touch with space agencies on Earth after hitting a giant communications roadblock. Mission controllers at NASA won’t send any commands to its fleet of orbiters and rovers, including Perseverance and Curiosity, for the next 10 days due to the Mars solar conjunction. During the roughly two-week period, the hot, energized gas continually spewed by the sun from its outer atmosphere can interfere with the radio signals that NASA uses to communicate with its Martian robotic explorers. A Mars solar conjunction occurs every two years when the sun moves between Mars and Earth. The Ingenuity helicopter, which has largely served as the Perseverance rover’s aerial scout, will also lie low and won’t conduct any flights during this time.
Persons: Mars, NASA won’t, , Roy Gladden, , Perseverance, MAVEN Organizations: CNN —, NASA, JPL, Caltech, Mars, Jet Propulsion Laboratory, Mars Reconnaissance Locations: Pasadena , California, Gale
US, China, Southeast Asia Defence Officials Meet Amid Crises
  + stars: | 2023-11-15 | by ( Nov. | At P.M. | ) www.usnews.com   time to read: +2 min
JAKARTA (Reuters) - Defence ministers and officials from the United States, China, Russia and Southeast Asia gathered in Indonesia on Thursday for a meeting where they are expected to discuss geopolitical crises in and outside the region. Defence ministers in Southeast Asia's regional bloc ASEAN called on Wednesday for a ceasefire in Gaza and a durable solution in Myanmar, as conflicts are deepening there. Among those attending are U.S. Defense Secretary Lloyd Austin, Russia's Deputy Defence Minister Alexander Fomin and Jing Jianfeng, China's deputy chief of staff of the Joint Staff Department of the Central Military Commission. Other countries participating on Thursday are Australia, New Zealand and others, while Myanmar is absent. Visiting Washington this week, Indonesian President Joko Widodo pressed Biden to do more to end Israel's war with Hamas.
Persons: Prabowo, Lloyd Austin, Alexander Fomin, Jing Jianfeng, Joe Biden, Xi Jinping, Joko Widodo, Biden, Stanley Widianto, Lincoln Organizations: Defence, ASEAN, U.S . Defense, Joint Staff Department of, Central Military Commission, Hamas Locations: JAKARTA, United States, China, Russia, Southeast Asia, Indonesia, Southeast Asia's, Gaza, Myanmar, Korean, Australia, New Zealand, San Francisco, Malaysia, Washington
Confessions of a startup founder's wife
  + stars: | 2023-11-15 | by ( Melia Russell | ) www.businessinsider.com   time to read: +20 min
I wished I had told Kyle that I would understand if he wanted to quit. That's as apt a description of Kyle's startup as it is of our relationship. I'm not sure Kyle has found as many perks to being a startup founder married to a startup reporter. Now Kyle's startup has pivoted a third time. The truth is, I don't know if Kyle's startup will make it.
Persons: Kyle, Kyle shrugged, pang, I'd, hadn't, Scott Belsky, It's, messier, I've, he'd, Jillian, Chris Dixon, Andreessen Horowitz, Jeff Bezos, MacKenzie Scott, Schulze, TikTok, Josh Cochran, Marc Andreessen, I'm, He'd, Eric Paley, Steve Jobs, , Playbyte, he's, Rohan Seth, Paul Davison, Steve Huffman, hasn't, Instagram, it's, Zelda, That's, cradling, Melia Russell Organizations: Apple Watch, Steam, Francisco's Mission, University of California, TechCrunch, White House, YouTube, Labor Locations: Champagne, Francisco's, Berkeley, San Francisco, New York, America, Playbyte, Kyle, Boston, Bay, sobs
According to one Disney employee hired during the pandemic, managers may tell recruiters the particulars they're seeking in candidates. For candidates looking to work in Disney's entertainment division, a question Green and other experts mentioned is: What are you watching on television and streaming right now? A third current employee, a creative assistant in Disney's entertainment division, recalled being tested on their competency in assessing creative work, namely doing script coverage. Curiosity counts — about the role, the company, the industryExperts encouraged candidates to be curious and raise their own questions with recruiters. The first employee recommended that candidates ask questions that enable recruiters to flex their own Disney spirit.
Persons: Lauren, Orlando, she's, Bob Iger, Dan Green, Green, , hasn't, they've, Disney, Disney —, Ben White —, who's, We've Organizations: Walt Disney, Disney's College, Business, College Program, ESPN, Disney, Carnegie Mellon University's Heinz, Disney College Program, Adobe, Hulu, YouTube, Hollywood Locations: Disney's, Java, pseudocode
ISLAMABAD (AP) — Officials from Afghanistan's ruling Taliban on Wednesday welcomed the resumption of FlyDubai flights to Kabul's international airport two years after stopping service following the collapse of the Western-backed government. All international airlines halted flights to Afghanistan after the Taliban seized power in Afghanistan in mid-August 2021 as U.S. and NATO forces departed after two decades of war. FlyDubai, the sister carrier of long-haul airline Emirates, now will make two flights a day to Kabul. In May last year, the Taliban signed a deal allowing an Emirati company to manage three airports in Afghanistan. Two Afghan airlines, Kam Air and Ariana Afghan Airlines, operate from Kabul to destinations such as Dubai, Moscow, Islamabad and Istanbul.
Persons: FlyDubai, Abdul Ghani Baradar, , Abu, Ashraf Ghani, Jon Gambrell Organizations: , Wednesday, NATO, United, Emirates, Taliban, Solutions, Kam, Ariana Afghan Airlines, Associated Press, Badruddin Haqqani, Airbus, Dubai Air, UAE . The Emirates, U.S, ___ Associated Press Locations: ISLAMABAD, Afghanistan, United Arab Emirates, Kabul, Abu Dhabi, Herat, Kandahar, Dubai, Moscow, Islamabad, Istanbul, UAE
Rory McIlroy resigned from the PGA Tour board on Tuesday, an abrupt move that comes as the tour is trying to finalize an agreement to create a new commercial enterprise involving Saudi Arabia's national wealth fund. Asked if he liked having a seat the table, McIlroy said, “Not particularly, no. No player has been more outspoken than McIlroy about the PIF's financial backing of rival league LIV Golf, which attracted a number of major champions with enormous signing fees. LIV Golf recently completed its second year, and it remains unclear how the PIF's deal with the tour affects it. The remaining five player-directors on the 12-member board will elect a successor to serve McIlroy's term, which ends after next year.
Persons: Rory McIlroy, McIlroy, , Jay Monahan, Ed Herlihy, , Rory —, , Monahan, LIV, LIV Golf, Greg Norman, I’ve, ” McIlroy, Tiger Woods, ___ Organizations: PGA, Saudi, New York Times, Public Investment Fund, Tour Enterprises, PAC, Tiger Locations: Dubai, Saudi Arabia, Saudi
This is because they cannot, by their own tenets, criticize the minority groups who are their primary threat.”It’s unclear what Musk was referring to. Yet Musk suggested that the ADL promotes racism against White people. “I am deeply offended by ADL’s messaging and any other groups who push de facto anti-white racism or anti-Asian racism or racism of any kind,” he said. The ADL has been critical of X, particularly since Musk took control of the platform over a year ago. Musk in September threatened to sue the ADL for defamation, claiming that the organization’s reports have hurt advertising sales on X.
Persons: New York CNN —, Elon Musk, Musk, Robert Bowers, Defamation League “, , ” Musk, Jonathan Greenblatt, Organizations: New, New York CNN, Whites, Defamation League, ADL, White, Center Locations: New York, Pittsburgh, Israel, United,
ADDIS ABABA, Ethiopia (AP) — The United States Agency for International Development will restart food aid deliveries across Ethiopia in December, five months after it halted its nationwide program over a massive corruption scheme by local officials. Political Cartoons View All 1247 ImagesUSAID officials said it could be the largest-ever theft of food aid. The suspension affects 20.1 million Ethiopians who rely on food aid because of conflict and drought. The U.S. aid agency did not say if Ethiopian officials are still involved in the delivery of food. The WFP also restarted aid to refugees in Ethiopia in October but is yet to resume food aid nationwide.
Persons: Jessica Jennings, , Jennings Organizations: United States Agency for International Development, USAID, Food, Associated Press, WFP Locations: ADDIS ABABA, Ethiopia, Tigray, The U.S
The two sides decided to “operationalize” a suspended bilateral working group to “engage in dialogue and cooperation to accept concrete climate actions” in this decade, according to the statement. That working group was first proposed by Kerry and Xie in 2021 at the United Nations climate summit in Glasgow, but has been on hold since August last year. Both countries agreed to economy-wide reductions of all greenhouse gases in their international climate commitments for 2035, including carbon dioxide, methane, and hydrofluorocarbons. Li Shuo, the director of China Climate Hub at the Asia Society Policy Institute, said China’s pledge to set release targets for all greenhouse gas emissions was arguably the most notable point in the statement. Non-carbon dioxide gases such as methane still account for a considerable share of China’s greenhouse gas emissions,” he said.
Persons: Joe Biden, Xi Jinping, John Kerry, Xie Zhenhua, Kerry, Xie, , Li Shuo, China’s, you’re, Li Organizations: CNN, Economic Cooperation, US State Department, China’s Ministry of Ecology, United, , Asia Society Policy Institute, UN, Asia Society Locations: United States, China, San Francisco, Asia, Beijing, Washington, Taiwan, California, United Nations, Glasgow, Dubai, COP28, UAE
Amazon is continuing to lose market share to Walmart in the online grocery space, per new data. Amazon has spent 2023 reevaluating its grocery strategy, particularly for its Amazon Fresh stores. AdvertisementAfter years of trying to get shoppers to order groceries online, Amazon is still losing ground to Walmart. Walmart's grocery sales online have eclipsed Amazon's by increasingly wide margins since 2019, according to data from Insider Intelligence. By the end of 2024, Walmart will have 26.9% of online grocery sales, while Amazon will have just 18.5%, according to the data.
Persons: , Brian Lau, Andy Jassy, Amazon, Lau Organizations: Walmart, Intelligence, Amazon, Service, Insider Intelligence, Business, Insider Inc, Whole Foods, Axios, Foods, Bloomberg Businessweek, Bloomberg
SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Walt Disney Studios in Burbank, California, U.S., August 22, 2023. Striking writers and actors slashed spending, burned through savings and piled up debt to survive. Sets for movies and TV shows are lighting up again as studios rush to resume filming. Still, Hollywood is unlikely to return to the frenzied production pace of the streaming wars, when studios competed for subscribers and cachet. Hollywood actors won similar gains in a tentative agreement reached with the studios on Nov. 8.
Persons: Mario Anzuoni, caterers, Wall, Celia Finkelstein, ” Finkelstein, , Serena Kashmir, , Fran Drescher, Kevin Klowden, ” Klowden, Long, Marc Meyer Jr, I’ve, Meyer, Guy Bisson, Neil Begley, Ampere, Dawn Chmielewski, Danielle Broadway, Lisa Richwine, Mary Milliken, David Gregorio Our Organizations: Writers Guild of America, Walt Disney Studios, REUTERS, Companies Comcast Corp, Fox, Netflix, Hollywood, Reuters, WGA, SAG, Milken Institute, Sony Pictures, Disney, Global, Ampere, Moody’s, Companies, , Thomson Locations: Burbank , California, U.S, California, Georgia, New Mexico, Hollywood, ” Kashmir, Kashmir, Colorado, North Hollywood, Los Angeles
President Joe Biden on Wednesday announced his administration secured agreements with China to resume military communications and combat fentanyl after his first in-person meeting with Chinese President Xi Jinping in a year. “Vital miscalculations on either side can cause real, real trouble with a country like China – or any other major country,” Biden said. During the press conference, Biden added that he believes the ultimate answer to the war in Gaza is a two-state solution. Biden mentioned he raised concerns about China’s human rights and tension between China and the Philippines in the South China Sea. Overall, though, Biden presented an optimistic view about future relations with China.
Persons: Joe Biden, Xi Jinping, Biden, , “ I’m, ” Xi, , ” Biden, “ It's, Xi's, that’s Organizations: Wednesday, Economic Cooperation, U.S, Western, State Department Locations: China, United States, Asia, San Francisco, U.S, Beijing, Ukraine, Israel, Gaza, Taiwan, Philippines, South China
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
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
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