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"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

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 17 cents, or 0.18%, to $92.37 a barrel by 0802 GMT after falling 90 cents on Friday. Brent November futures settled 7 cents lower at $95.31 a barrel at the contract's expiry on Friday. U.S. West Texas Intermediate crude futures gained 26 cents, or 0.29%, to $91.05 a barrel, after losing 92 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.

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 49 cents, or 0.5%, to $92.69 a barrel by 0645 GMT after falling 90 cents on Friday. Brent November futures settled down 7 cents at $95.31 a barrel at the contract's expiry on Friday. U.S. West Texas Intermediate crude futures gained 55 cents, or 0.6%, to $91.34 a barrel, after losing 92 cents on Friday. However, a private-sector survey on Sunday was less encouraging, showing the country's factory activity expanded at a slower pace in September.

Persons: Agustin Marcarian, Baker Hughes, recouping, Brent, Hiroyuki Kikukawa, Kevin McCarthy, Yuka Obayashi, Emily Chow, Jamie Freed, Shri Navaratnam, Kim Coghill Organizations: REUTERS, . West Texas, of, Petroleum, NS, Nissan Securities, ING, PMI, Republican, Reuters, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, TOKYO, U.S, Saudi Arabia, Russia, OPEC, Tokyo

☆ Pope Francis cements legacy, stamps Church future with new cardinals
▼ + stars: | 2023-09-30 | by ( Philip Pullella | ) www.reuters.com time to read: +4 min

[1/5] Pope Francis attends the consistory ceremony to elevate Roman Catholic prelates to the rank of cardinal, in Saint Peter's Square at the Vatican, September 30, 2023. There are now 137 cardinal electors, about 73 percent of them chosen by Francis. This increases - but does not guarantee - the possibility that the next pope will share his vision of a more progressive, inclusive Church. They are known as cardinal electors. On October 4, he will open a month-long major meeting in the Vatican, known as a synod, that could chart the Church's future.

Persons: Pope Francis, Remo Casilli, Peter's, Francis, Bishop Stephen Chow Sau, Chow, Italian Bishop Pierbattista Pizzaballa, convokes, Philip Pullella, William Maclean 私たち Organizations: Vatican, REUTERS, CITY, Church, Catholic Church, Malaysian Locations: Saint Peter's, St, U.S, France, Italy, Argentina, Switzerland, South Africa, Spain, Colombia, South Sudan, Hong Kong, Poland, Malaysia, Tanzania, Venezuela, Portugal, China, Beijing, Italian, Europe

☆ Flash floods foreshadow a threatening reality in New York City
▼ + stars: | 2023-09-30 | by ( Denise Chow | Evan Bush | ) www.cnbc.com time to read: +8 min

Cars drive along a flooded street on Church Avenue amid a coastal storm on September 29, 2023 in the Flatbush neighborhood of Brooklyn borough New York City. And more than a decade after Hurricane Sandy forced officials to rethink the meaning of climate resilience in New York City, it appears there's still much to be done. Kathy Hochul declared a state of emergency for New York City, Long Island and the Hudson Valley, calling the storm a "life-threatening rainfall event." The storm caused about $19 billion in damage to New York City. In densely populated cities like New York, flooding risks are heightened because of the built environment and lack of green spaces.

Persons: Michael M, Hurricane Ida, Hurricane Sandy, Joseph Kane, Steve Bowen, Gallagher, Bowen, Kathy Hochul, Eric Adams, Spencer Platt, Zachary Iscol, Sandy, Superstorm Sandy, Louise Yeung, Yeung, Hurricane Sandy —, Ida, Mona Hemmati, Hemmati, Andrew Kelly Organizations: Brooklyn borough New, Santiago, Getty, Hurricane, Brookings Institute, NBC News, Gallagher Re, . New York Gov, York City, Prospect, Columbia Climate School, New York City Department of Environmental Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, New York City, Brooklyn, New York, New York , New Jersey, Connecticut, Long, Hudson, York, Brooklyn Borough, Zachary Iscol , New York, Hurricane, Atlantic City, New Jersey, Manhattan, Williamsburg, U.S

☆ Christiane Endler: Chile’s football federation criticized for handling of star player’s 100th appearance
▼ + stars: | 2023-09-29 | by ( Matias Grez | ) edition.cnn.com time to read: +7 min

CNN —The Chilean football federation (ANFP) has been criticized for its handling of a star player’s 100th appearance for the women’s national team. On Tuesday, Endler, the team’s captain and goalkeeper, made history by becoming the first player to reach 100 caps for the Chile women’s national team in a 2-1 victory over New Zealand. One more for you guys,” Chile national team player Daniela Pardo replied to the graphic on Instagram. Endler captained Chile at its first ever Women's World Cup in 2019. That she has been able to achieve so much is remarkable, coming from a country whose federation has sometimes overlooked its women’s national team.

Persons: Christiane Endler, Endler, “, Edgar Merino, Pablo Milad, ” Milad, Justin Tallis, Tiane, Daniela Pardo, Claudio Bravo, Endler hasn’t, Michael Chow, ” Endler, Germain, Harold Cunningham, FIFPro, Gabriel Boric, ” Camila Garcia, ” Organizations: CNN, Chilean, women’s, Chile women’s, New, New Zealand, Lyon, Women's Champions League, Getty, Chile’s Sports Commission, La Tercera, Chile national, Chile men’s, South, Estadio Nacional, Argentina, Santiago’s, USA, Network, Reuters, ADN, FIFA, Paris Saint, Champions League, America Femenina, Ministry, Labour Locations: Chile, New Zealand, France, La, South American, Santiago’s La Florida, La Florida, Paris, Lyon, Chilean, Haiti

☆ Oil prices climb as markets focus on supply tightness
▼ + stars: | 2023-09-27 | by ( Emily Chow | ) www.reuters.com time to read: +3 min

An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSINGAPORE, Sept 27 (Reuters) - Oil prices rose nearly $1 on Wednesday as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy. Brent crude futures rose 86 cents, or 0.9%, to $94.82 a barrel by 0340 GMT, while U.S. West Texas Intermediate crude futures climbed 86 cents, or 0.9%, to $91.25. "Oil prices are overall relatively strong amid the current tightening of supply," said CMC Markets analyst Leon Li, however adding that price support from Russia and Saudi Arabia supply cuts may be limited through the year-end. "(Economic) Data from countries in Europe and the United States have recently weakened ... Oil prices in October may show a volatile trend as a whole.

Persons: Tatiana Meel, Cushing, Leon Li, Neel Kashkari, Arathy Somasekhar, Emily Chow, Sonali Paul 私 Organizations: Rights, Brent, U.S, West Texas, Organization of, Petroleum, ANZ Research, Russian Railways, Minneapolis Federal Reserve Bank, of England Locations: Nakhodka, Russia, Rights SINGAPORE, U.S, Oklahoma, Cushing, Saudi Arabia, Europe, United States, Minneapolis, Houston, Singapore

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicIn one of the most serious political corruption cases in recent history, federal prosecutors have accused a senior U.S. senator of trading the power of his position for cash, gifts and gold. Tracey Tully, who covers New Jersey for The Times, tells the story behind the charges against the senator, Robert Menendez, and his wife, Nadine, and describes the role played by Wael Hana, an Egyptian American businessman at the center of the allegations.

Persons: Tracey Tully, Robert Menendez, Nadine, Wael Hana Organizations: Spotify, The Times Locations: U.S, New Jersey, Egyptian American

☆ Asian Games: South Korea's Esports stars target medal success -- and a military exemption
▼ + stars: | 2023-09-26 | by ( Yoonjung Seo | ) edition.cnn.com time to read: +15 min

For South Korean male participants, winning a gold medal in the Asian Games or Olympic Games not only brings honor but also grants them a military exemption. However, the mandatory duty can be waived for some athletes, in particular those who win an Olympic medal or a gold medal in the Asian Games. Seven games will be featured as official medal events at the 19th Asian Games, building on the success of the pilot event at the 2018 Jakarta-Palembang Games. The venue for the Asian Games esports competitions is state-of-the-art and an impressive sight to see. With its inclusion as an official Asian Games medal event, the possibility of esports becoming a part of the Olympic Games is a topic of growing debate.

Persons: Suga, Oh, Wang Zhao, Son Heung, ” Shin, ”, esports, ” Kim Sa, “, ” Lee Kyung, Kwak, hyouk, it’d, ” Kwak, Thailand’s Teedech, Lee Sang, –, Michael Chow, Yoonjung Seo, Michael Jordan, ” Chow, Faker, JUNG YEON, Philip Fong, Rowan Crothers, “ I’m, I’ll, ” Crothers, Jess Bolden, Chow, Niko, Young Organizations: CNN, Gaming, Hangzhou Asian Games, Asian Games, Games, BTS, Asian, Getty, Premier League soccer, Tottenham Hotspur, Marine Corps, Republic of Korea Marine Corps, “ Times, CNN Sport, FIFA, Hangzhou, South Korea, Believer Company, Riot, South, Team Korea, League, “ League, SK Telecom, Riot Games, Microsoft Studios, Xbox, Studios, International Federation of, Phonographic Industry, EA Sports FC Online, PUBG, of Valor, of, Olympic, International Olympic Committee, Maekyung Media, Paralympic, IOC, Kodikara, International Federations, Niko Partners Locations: South Korea, Hangzhou, AFP, Seogwipo, Jeju, Republic of, Seoul, esports, Jakarta, South, . South Korea, Palembang, Asia

☆ Food-truck owners from marginalized communities are cooking up success with cloud-based POS systems and analytics software
▼ + stars: | 2023-09-26 | by ( Christine Macintyre | ) www.businessinsider.com time to read: +10 min

Today, these dynamic food trucks serve up gourmet delights and cater events, fueled by convenience and social media-driven connection. While the most apparent technology food-truck owners use is front-end POS systems, back-end technology is also essential. Food-truck owners face the challenge of frequent menu updates, often requiring them to recreate signage or hire someone for the task. This helps food-truck owners make informed decisions related to parking and operating hours, which significantly influences their sales performance. In fact, a 2022 study published by Elsevier found that location was a key challenge for food-truck owners, as it affected customer targeting, exposure, and financial sustainability.

Persons: —, IBISWorld, Let's Chow, Olivia, Luis Surla, Joselle's, Jordan Foley, Let's Chow Jordan Foley, Foley, Olivia Surla's, Sofiat, Abdulrazaaq, Lemaire Stewart, Kyle Miller, Goodfynd Organizations: Service, Food, Technology, Entrepreneurs, Joselle's, Pacific Islander, Goodfynd, Elsevier Locations: American, Annapolis , Maryland, San Diego, Pacific, Nigerian, Caribbean, Maryland

☆ New Orleans braces for drinking water emergency from drought-stricken Mississippi River
▼ + stars: | 2023-09-26 | by ( Denise Chow | ) www.cnbc.com time to read: +5 min

New Orleans Mayor LaToya Cantrell signed an emergency declaration Friday in response to concerns that salt water encroaching upriver could affect the availability of safe drinking water in the coming weeks. Treasure hunters comb the shoreline of the Mississippi River after it was exposed by low water levels on October 18, 2022 near Portageville, Missouri. Around 2,000 residents in Plaquemines Parish, south of New Orleans, were already relying on bottled water this summer after salt water infiltrated the area's water systems. The mouth of the Mississippi River sits substantially below sea level, which means some salt water from the Gulf of Mexico naturally creeps inland. Salt water is denser than fresh water, so it flows like a wedge along the riverbed underneath the fresh water of the Mississippi.

Persons: Stephen Murphy, LaToya Cantrell, Murphy, we've, John Bel Edwards, Nature, Col, Cullen Jones, We've Organizations: Tulane University's School of Public Health, Tropical Medicine, Louisiana Gov, Army Corps of Engineers, Army Corps, Corps, New, New Orleans District Locations: Mississippi, Tiptonville, Tenn, New Orleans, Louisiana, Gulf, Mexico, Portageville , Missouri, Belle Chasse, Plaquemines Parish, Lower Mississippi

☆ Want to live in London or New York? Good luck if you’re renting
▼ + stars: | 2023-09-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

London CNN —In May, Viveca Chow hurriedly transferred $3,700 over her phone while standing in the lobby of a building in Queens, New York. Average rents in New York and Sydney grew by an inflation-busting 4.7% and 6.9% respectively in the year to August, according to real estate firm Knight Frank. While growth in rental costs in both cities has slowed compared with its pandemic peaks, average rents are still at all-time highs. The Manhattan skyline reflected on the East River Ferry near the Queens borough of New York CIty in August 2022. Lifestyle influencer Viveca Chow feels lucky to have found a rent-stabilized apartment in New York City.

Persons: Viveca Chow, Chow, Knight Frank, Ismail Ferdous, Realtor.com, SpareRoom, Barnaby Scudds, “ I’m, ”, Andy Raim, Matt Hutchinson, ” Hutchinson, Liam Bailey, ’, Sadiq Khan, Nikodem Szumilo, ” Szumilo, Szumilo, Viveca, ” Chow, you’re Organizations: London CNN —, CNN, Bloomberg, Getty, Hamptons, Office, National Statistics, Bartlett Real Estate Institute, University College London Locations: Queens , New York, New York, Sydney, Manhattan, Queens, London, United Kingdom, Bartlett, Tokyo, New York City, That’s

It fell 0.3% in the week, breaking a three week streak of gains. U.S. West Texas Intermediate crude (WTI) futures rose 40 cents, or 0.5%, to $90.03 a barrel, as U.S. oil rig counts fell. U.S. Federal Reserve officials warned of further rate hikes, even after voting to hold the benchmark federal funds rate steady at a meeting this week. U.S. oil rig counts, an indicator of future production, also fell by eight to 507 this week, their lowest since February 2022, energy services firm Baker Hughes said. Offline refinery capacity was expected to reach 1.4 million barrels per day (bpd) this week according to IIR Energy versus 800,000 bpd offline last week.

Persons: Nick Oxford, Dennis Kissler, Michelle Bowman, Russia's Transneft, Baker Hughes, Arathy Somasekhar, Nicole Jao, Robert Harvey, Yuka Obayashi, Emily Chow, Marguerita Choy, David Gregorio, Josie Kao Organizations: REUTERS, U.S . West Texas, BOK, U.S . Federal, RBC, St . Petersburg International Mercantile Exchange ., IIR Energy, U.S . Commodity Futures Trading Commission, Thomson Locations: Cushing , Oklahoma, HOUSTON, Brent, U.S, Primorsk, Novorossiysk, St, United States, Houston, New York, Tokyo, Singapore

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. In the previous three weeks, they rose more than 10% on concerns about tight supply. Higher interest rates increase borrowing costs, which could slow economic growth and reduce oil demand. Meanwhile, markets worried about Russia's temporary ban on exports of gasoline and diesel to most countries would tighten supplies. Russian wholesale gasoline prices were down nearly 10% and diesel down 7.5% on Friday on the St. Petersburg International Mercantile Exchange.

Persons: Nick Oxford, Brent, Dennis Kissler, Russia's Transneft, Arathy Somasekhar, Nicole Jao, Robert Harvey, Yuka Obayashi, Emily Chow, Jan Harvey, Jason Neely, David Gregorio Our Organizations: REUTERS, . West Texas, BOK Financial, . Federal, RBC, St . Petersburg International Mercantile Exchange, IIR Energy, Thomson Locations: Cushing , Oklahoma, HOUSTON, U.S, Primorsk, Novorossiysk, St, Houston, New York, Tokyo, Singapore

☆ Oil prices rise as Russia fuel export ban stokes supply concerns
▼ + stars: | 2023-09-22 | by ( Robert Harvey | ) www.reuters.com time to read: +2 min

REUTERS/Nick Oxford//File Photo Acquire Licensing RightsLONDON, Sept 22 (Reuters) - Oil prices rose on Friday as renewed global supply concerns from Russia's fuel export ban counteracted demand fears driven by macroeconomic headwinds and high interest rates. Both benchmarks were relatively flat on the week, having gained more than 10% in the previous three weeks amid concerns about tight global supply. Russian wholesale gasoline prices were down nearly 10% and diesel down 7.5% on Friday on the St. Petersburg International Mercantile Exchange. But macroeconomic headwinds continue to weigh on oil demand sentiment. "It is signals on the demand side that are mainly likely to affect oil prices in the short term," Commerzbank analysts said in a note.

Persons: Nick Oxford, Brent, WTI, Transneft, Robert Harvey, Yuka Obayashi, Emily Chow, Jan Harvey, Jason Neely Organizations: REUTERS, U.S, West Texas, RBC, St . Petersburg International Mercantile Exchange, U.S . Federal Reserve, IIR Energy, Thomson Locations: Cushing , Oklahoma, Primorsk, Novorossiysk, Russia, St, Tokyo, Singapore

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicWarning: This episode contains descriptions of violence. The relationship between two democratic allies fell to its lowest point in history this week, after Canada accused India of assassinating a Sikh community leader in British Columbia in June. Mujib Mashal, The Times’s South Asia bureau chief, explains this stunning accusation — and what India’s reaction to it tells us about the era of its leader, Narendra Modi.

Persons: Mujib Mashal, Narendra Modi Organizations: Spotify Locations: Canada, India, British Columbia, Asia

☆ AI feature Dream Screen unveiled for Youtube Shorts
▼ + stars: | 2023-09-21 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +4 min

The video platform, under the Alphabet-Google umbrella, teased a new generative AI feature dubbed Dream Screen specifically for its short-form video arm and TikTok competitor, YouTube Shorts. Dream Screen is an experimental feature that lets creators add AI-generated video or image backgrounds to their vertical videos. YouTube's Dream Screen tool, which allows users to create AI-generated video or image backgrounds by typing an idea into a prompt. YouTubeTo use Dream Screen, creators can type their idea for a background as a prompt and the platform will do the rest. Chikin Chow currently boasts the title of the most-watched YouTube Shorts creator in the world.

Persons: ” Neal Mohan, Mohan, YouTube Alan Chikin Chow, Chikin Chow, ” Chikin Chow, Alan Chikin Chow, Beverly Hilton, Emma McIntyre, clark, Dick Clark, he’s, ” Organizations: CNN, YouTube, Beverly Locations: Los Angeles, ANGELES , CALIFORNIA, Los Angeles , California, Silicon Valley

REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsSummaryCompanies Federal Reserve interest rate decision due at 1800 GMTNEW YORK, Sept 20 (Reuters) - Oil prices eased on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when rates will peak and how that will affect energy demand. WTI crude futures for November , which will soon be the U.S. front-month, was up about 18 cents to $90.30. Investors were awaiting the Fed's interest rate decision at 2:00 p.m. EDT (1800 GMT) to assess the outlook for economic growth and fuel demand. The Fed is widely expected to keep interest rates steady, but the focus will be on its projected policy path. Interest rate hikes to tame inflation can slow economic growth and reduce oil demand.

Persons: Pedro Nunes, Brent, WTI, Edward Moya, refiners, Goldman Sachs, Robert Harvey, Yuka Obayashi, Emily Chow, Nicole Jao, Kim Coghill, Jason Neely, Louise Heavens, David Gregorio Our Organizations: REUTERS, U.S, U.S . Energy Information Administration, . West Texas, U.S . Energy, Administration, Bank of England, Thomson Locations: Lisbon, Portugal, U.S . Federal, U.S, WTI, ., Japan, London, Tokyo, Singapore, New York

☆ Oil falls ahead of Fed rate decision
▼ + stars: | 2023-09-20 | by ( Robert Harvey | ) www.reuters.com time to read: +3 min

REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsSummaryCompanies Federal Reserve interest rate decision due at 1800 GMTLONDON, Sept 20 (Reuters) - Oil prices fell on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. Investors are awaiting the Fed's interest rate decision at 1800 GMT on Wednesday to assess the outlook for economic growth and fuel demand. The Fed is widely expected to keep interest rates on hold, but the focus will be on its projected policy path, which is unclear. Prices fell despite U.S. crude oil stockpiles falling last week by about 5.25 million barrels, according to market sources citing American Petroleum Institute figures on Tuesday. Goldman Sachs said it expects the Bank of England to keep interest rates unchanged on Thursday as a result of the fall.

Persons: Pedro Nunes, Edward Moya, Tamas Varga, Brent, Goldman Sachs, Robert Harvey, Yuka Obayashi, Emily Chow, Kim Coghill, Jason Neely, Louise Heavens Organizations: REUTERS, U.S, Brent, . U.S . West Texas, American Petroleum Institute, bbl, Bank of England, Thomson Locations: Lisbon, Portugal, U.S . Federal, U.S, ., London, Tokyo, Singapore

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