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With equipment idling as construction slows and dwindling exports curb manufacturing, diesel demand is likely to ebb. Rystad Energy lowered its forecast for China's diesel demand for July to December this year to 3.81 million barrels per day (bpd) from an earlier outlook of 3.9 million bpd, though the new forecast is up 3.8% from the first half of 2023. "Diesel demand is still growing, but at a lower-than-expected rate," said Lin Ye, a Beijing-based downstream analyst at Rystad, citing the ailing property sector and deteriorating trade environment. An uptick in Chinese diesel demand earlier this year, driven by resurgent road freight transport in the first quarter, has lost momentum. August diesel exports are estimated at 650,000 to 800,000 tons, down from July's estimate of 1 million tons, data compiled by consultancy Longzhong and China-based trading analysts showed.

Persons: Aly, Lin Ye, Xia Shiqing, Wood Mackenzie, Mia Geng, Andrew Hayley, Trixie Yap, Christian Schmollinger Organizations: REUTERS, Rights, Energy, International Energy Agency, IEA, Reuters, Reuters Graphics Reuters, Reuters Graphics, Thomson Locations: Huangpu, Shanghai, China, Rights BEIJING, Beijing, Asia, Longzhong, Singapore

☆ We expect airfare prices to remain low for the next 8 weeks, says Hopper's Hayley Berg
▼ + stars: | 2023-08-17 | 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 EmailWe expect airfare prices to remain low for the next 8 weeks, says Hopper's Hayley BergHayley Berg, Hopper lead economist, joins 'Squawk Box' to discuss the latest travel trends, airfare forecast for domestic and international travel, demand outlook in 2024, travel tips and tricks, and more.

Persons: Hopper's Hayley Berg Hayley Berg, Hopper

☆ Morgan Stanley's training course to work with super-rich clients has a 40% first-time failure rate. Execs shared an example of a case study that caps the program off.
▼ + stars: | 2023-08-16 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Each year, some 100 Morgan Stanley advisors take a course to earn the family wealth director title. Morgan Stanley executives Alex Chester and David Bokman share what trips up advisors the most. Every year, about 100 advisors at Morgan Stanley take an exam in order to work with high-net-worth families. "We don't have a requisite number that we're looking to put through the program," Alex Chester, who runs the bank's family wealth director program, told Insider. David Bokman, Morgan Stanley's head of family office resources, and his team, pretend to be a high-net-worth client and their accountant or attorney.

Persons: Morgan Stanley, Alex Chester, David Bokman, Chester, Morgan Stanley's, Bokman Organizations: Advisors

☆ Australia 1-3 England: Lionesses see off co-hosts to set up Spain showdown in their first Women's World Cup final
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: +5 min

England's players react after winning the Australia and New Zealand 2023 Women's World Cup semi-final football match between Australia and England at Stadium Australia in Sydney on August 16, 2023. Franck Fife | AFP | Getty ImagesEngland have made more history, reaching their first Women's World Cup final after beating Australia 3-1 to set up a showdown with Spain on Sunday. England drew first blood as Ella Toone (36) curled home a superb effort as the Matildas conceded their first World Cup goal since the second group game against Nigeria - a run of well over five hours. Read more stories from Sky SportsEngland football fans celebrate at Boxpark Wembley following the FIFA Women's World Cup Australia & New Zealand 2023 Semi Final match between England and Australia on August 16, 2023 in London, England. England's forward #23 Alessia Russo (R) scores a goal past Australia's goalkeeper #18 Mackenzie Arnold during the Australia and New Zealand 2023 Women's World Cup semi-final football match between Australia and England at Stadium Australia in Sydney on August 16, 2023.

Persons: Franck Fife, amble, Ella Toone, Sam Kerr, Lauren Hemp, Alessia Russo, Read, Chris J Ratcliffe, Arjan, Kerr, Mary Earps, Mackenzie Arnold, Georgia Stanway, Toone, Russo, Haley, Clare Polkinghorne, Hayley Raso, Arnold, Mary Fowler, Caitlin Foord, Millie Bright, Bright, Ellie Carpenter, Saeed Khan, Earps, Kane Organizations: Australia, England, AFP, Getty, Sunday, Nigeria, Spain, Sky Sports England, Wembley, FIFA, New Zealand, eventual, Clare, Georgia, Earps, Chelsea, Hemp, Colombia Locations: New Zealand, Australia, Sydney, Spain, New, London, England, Georgia

Total refinery throughput in the world's second-largest oil consumer was 63.13 million metric tons last month, data from the National Bureau of Statistics (NBS) showed. Production was up slightly from the 14.83 million bpd of oil processed in June. Domestic fuel demand has picked up with the arrival of the summer travel season, notably in gasoline and jet fuel. China's crude oil imports in July pared back from close-to-record levels during the previous month, totalling 43.7 million metric tons, or 10.3 million bpd, according to the customs data. The NBS data on Tuesday also showed China's domestic crude oil production in July was 17.31 million metric tons, or 4.1 million bpd, versus 17.13 million metric tons in 2022.

Persons: Dominique Patton, refiners, Production, Andrew Hayley, Jacqueline Wong Organizations: Shandong Haiyou Petrochemical Group, REUTERS, National Bureau of Statistics, Reuters, Zhuochuang, Thomson Locations: Shandong, county, Shandong province, China, BEIJING

☆ England out to play spoilers as 'Matildas Mania' sweeps Australia
▼ + stars: | 2023-08-15 | by ( Nick Mulvenney | Thomson Reuters | Leads Coverage Of Sport Across The Asia-Pacific. Still Reports On The Full Panoply Of Sport. Many Olympics World Cups World Championships Grand Slams Grands Prix | ) www.reuters.com time to read: +3 min

SYDNEY, Aug 15 (Reuters) - Australia and England re-engage one of the oldest and fiercest rivalries in sport when they meet with a place in the Women's World Cup final on the line at a sold out Stadium Australia on Wednesday. While England boast the pedigree as twice World Cup semi-finalists and winners of the European title last year, Australia's plucky Matildas have captured the hearts of a nation usually invested in other sports. In Dutchwoman Sarina Wiegman, they have one of the best coaches in the game and most of their players play for top clubs in highly competitive European leagues. Before Saturday's win, much of the narrative around Australia at the tournament focused on the injured calf of the one Matildas player everyone in the country knows, striker Sam Kerr. Reporting by Nick Mulvenney; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Australia's, Mackenzie Arnold's, Cortnee Vine's, Sydney's, Sarina, Millie Bright, Keira Walsh, Chloe Kelly, Lauren Hemp, Saturday's, Sam Kerr, Kerr, Hayley Raso, Mary Fowler, Caitlin Foord, Wiegman, Nick Mulvenney, Peter Rutherford Organizations: SYDNEY, Australia, Sports, England, Thomson Locations: Australia, England, France, Spain, Nigeria

☆ More to Australia than just Sam Kerr, says England coach Wiegman
▼ + stars: | 2023-08-15 | by ( Christian Radnedge | ) www.reuters.com time to read: +2 min

But there's more than Sam Kerr, because at the end it's always a team performance," the Dutchwoman told a press conference on Tuesday. I think Australia grew in the tournament, too. So we expect a very strong Australia tomorrow." The clash at Stadium Australia will be memorable no matter what the result, as both sides aim to book their first appearance in a World Cup final. I think there's two teams that are very good and very strong and have grown into the tournament," Wiegman said.

Persons: Sam Kerr, Sarina Wiegman, Kerr, Hayley Raso, Wiegman, Christian, Pritha Sarkar Organizations: SYDNEY, Australia, France, Colombia, England, Thomson Locations: Australia, England

☆ 'Girl Math' is the latest financial trend going viral on TikTok where purchases under $5 don't count and big ticket items should be measured by their cost per wear
▼ + stars: | 2023-08-14 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Move over "girl dinner" and "lazy girl jobs," a new personal finance trend has gone viral on TikTok. Called "girl math," this humorous trend has users breaking down purchases into their smallest possible units to justify them. "Girl Math" was first popularized by the New Zealand podcast Fletch, Vaughan & Hayley. Girl math," Sam James, another user, joked in a video posted on August 3, which has racked up over 3 million views. Even so, "Girl Math" joins the roster of emerging personal finance trends making waves on TikTok.

Persons: Fletch, Vaughan, Hayley, I've, Mckennaelianna, Sam James, Alyssa Davies, Brad Klontz Organizations: Service, New Zealand, Zealand, CNBC, Fox Locations: Wall, Silicon, TikTok

REUTERS/Thomas Peter/File photoBEIJING, Aug 13 (Reuters) - China's State Council issued guidelines on Sunday that it said would further optimize the country's foreign investment environment and attract more foreign investment. The State Council said in a document containing 24 guidelines that authorities should increase protection of the rights and interests of foreign investors, including strengthening enforcement of intellectual property rights. The document also announced guidelines to increase fiscal support and tax incentives for foreign-invested enterprises, such as temporarily exempting withholding income tax for foreign investors' reinvestment of their profits into China. The State Council said it would explore a "convenient and secure management mechanism" for cross-border data flows. Reporting by Andrew Hayley and Ethan Wang; Editing by Andrew Heavens and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomas Peter, Andrew Hayley, Ethan Wang, Andrew Heavens, Bernadette Baum Organizations: National People's Congress, REUTERS, State, The State Council, Thomson Locations: Beijing, China, BEIJING

BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday, as the country grapples with unusually high summer rainfall. TYPHOON WEAKENSMeanwhile, Typhoon Khanun weakened into a tropical depression when it made landfall in China's Liaoning province on Friday night. Overnight rainfall in Liaoning peaked at 52 millimetres (2 inches) per hour, with four reservoirs exceeding flood limits, CCTV said. A video posted by state media People's Daily showed thick swirling clouds hanging low above the ground, darkening the sky. Reporting by Andrew Hayley and Ethan Wang; Editing by Raju Gopalakrishnan and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Typhoon Khanun, Khanun, Doksuri, Andrew Hayley, Ethan Wang, Raju Gopalakrishnan, Jamie Freed Organizations: China Central Television, Xinhua, Liaoning province's Anshan, Flood, Drought, Ministry of Emergency Management, CCTV, Thomson Locations: BEIJING, China's, Shaanxi, Xian, China's Liaoning, Liaoning, Tianjin, Chongqing, China, Xinjiang

☆ Have insurance, will travel: Here's why millennials and Gen Z are paying for trip coverage
▼ + stars: | 2023-08-13 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

Piola666 | E+ | Getty ImagesDespite inflation, Gen Z and millennials are determined to travel this summer, even if it means spending a bit more. watch nowBy opting to buy travel insurance, younger people's plans are more protected, added Droesch. Pandemic leaves travel jitters in wakeMany travel plans were canceled during the Covid-19 pandemic and many disappointed buyers got no refunds, even if they had travel insurance because unforeseen events such as the Covid-19 lockdown weren't covered. Millennials are entering their 40s, and much of Gen Z have graduated college and are starting their careers. While travel insurance sounds like a good idea, travelers should be aware of the different types of travel insurance that exist and be sure of which type they buy.

Persons: Rome, Gen Zers, —, Mary Hines Droesch, Z, they're, Hopper, Hayley Berg, Berg, Millennials Organizations: Bank of America, Finance, College Locations: U.S

BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday. State-owned China Central Television (CCTV) had earlier reported that Friday's mudslide in the city of Xi'an, which followed heavy rainfall in the region, left a total of 18 people dead or missing, with two confirmed casualties. Rescue work was underway with a total of 81 people and 11 vehicles deployed at the site，the state radio report said. Towns and cities across northern China have been lashed by torrential rain and flooding in recent weeks causing multiple deaths and extensive damage, after Typhoon Doksuri made landfall in the country on July 28. Reporting by Andrew Hayley; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Typhoon Doksuri, Andrew Hayley, Raju Gopalakrishnan Organizations: Sunday . State, China Central Television, Thomson Locations: BEIJING, China's, Shaanxi, Xi'an, Towns, China

☆ Australia edge France in penalty drama to reach first Women's World Cup semi
▼ + stars: | 2023-08-12 | by ( ) www.reuters.com time to read: +4 min

[1/5] Soccer Football - FIFA Women’s World Cup Australia and New Zealand 2023 - Quarter Final - Australia v France - Brisbane Stadium , Brisbane, Australia - August 12, 2023 Australia celebrate after winning the penalty shootout and progressing to the semi finals of the World Cup REUTERS/Asanka Brendon... Read moreBRISBANE, Aug 12 (Reuters) - Co-hosts Australia beat France 7-6 in a dramatic penalty shootout to reach the last four of the Women's World Cup for the first time after their quarter-final finished deadlocked at 0-0 following extra time on Saturday. "I would like to congratulate my players for the performance they pulled off today against the entire nation," said France coach Herve Renard. What a game, in normal time, in extra time and then during the penalty shootout." France weathered the storm triggered by the introduction of the Australia skipper, however, and their 19-year-old substitute Becho was soon threatening down the other end. The last quarter of an hour of normal time was a tense but ragged affair with half chances at both ends, a theme reprised in the first half of extra time.

Persons: Asanka Brendon, Read, Mackenzie Arnold, Vicki Becho, Solene Durand, Arnold, Kenza Dali, France, Herve Renard, Maelle, Les, Mary Fowler, Elisa de Almeida, Matildas, Sam Kerr, Hayley Raso, Pauline Peyraud, Magnin, Becho, Australia's Alanna Kennedy, Wendy Renard, Caitlin Foord, Nick Mulvenney, Clare Fallon Organizations: Soccer Football, FIFA, Brisbane, World, Australia, France, England, Sweden, Thomson Locations: New Zealand, Australia, France, Brisbane, BRISBANE, Colombia, Spain, Auckland

Brent crude futures rose 41 cents, or 0.5%, to settle $86.81 a barrel, while U.S. West Texas Intermediate (WTI) crude futures gained 37 cents, or 0.5%, to settle at $83.19. The IEA estimated that global oil demand hit a record 103 million barrels per day in June and could scale another peak this month. Meanwhile, output cuts from Saudi Arabia and Russia set the stage for a sharp decline in inventories over the rest of 2023, which IEA said could drive oil prices even higher. On Thursday, the Organization of the Petroleum Exporting Countries (OPEC) said it expects global oil demand to rise by 2.44 million bpd this year, unchanged from its previous forecast. The steady oil rig count indicates U.S. producers are maintaining discipline about drilling and exploration, said Eric Freedman, Chief Investment Officer at U.S. Bank Asset Management.

Persons: Dado, Brent, Baker Hughes, Craig Erlam, WTI, Eric Freedman, Shariq Khan, Ahmad Ghaddar, Andrew Hayley, Elaine Hardcastle, Marguerita Choy, Cynthia Osterman, David Gregorio Our Organizations: REUTERS, International Energy Agency, Brent, U.S, West Texas, IEA, Organization of, Petroleum, Federal Reserve, Bank Asset Management, Thomson Locations: Baker Hughes BENGALURU, Saudi Arabia, Russia, Ukraine, U.S, China, June's

☆ Oil prices firm on upbeat demand growth forecasts
▼ + stars: | 2023-08-11 | by ( Ahmad Ghaddar | ) www.reuters.com time to read: +2 min

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/File PhotoSummary IEA says tighter inventories could push prices higherOPEC flags healthy oil market fundamentals in second halfU.S. consumer prices rise moderately in JulyLONDON, Aug 11 (Reuters) - Oil prices gained ground on Friday amid optimistic demand forecasts from the OPEC producer group and the International Energy Agency (IEA). The Organization of the Petroleum Exporting Countries (OPEC) on Thursday said it expects global oil demand to rise by 2.25 million bpd in 2024, compared with growth of 2.44 million bpd this year. In 2024 "solid" economic growth amid continued improvements in China is expected to boost oil consumption, it added. Data this week also showed China's consumer prices fell into deflation and factory gate prices extended declines in July, raising concerns about fuel demand in the world's second-largest economy.

Persons: Dado, Brent, Tamas Varga, Ahmad Ghaddar, Andrew Hayley, David Goodman, Jason Neely Organizations: REUTERS, International Energy Agency, West Texas, of, Petroleum, Thursday's U.S, Federal Reserve, Thomson Locations: OPEC, China, Saudi Arabia, Russia, Ukraine, June's, Beijing

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/File PhotoSummary OPEC flags healthy oil market fundamentals in second halfUS consumer prices rise moderately in JulyChina tips into deflation as efforts to stoke recovery falterBEIJING, Aug 11 (Reuters) - Oil prices fell marginally on Friday as investors weighed optimistic demand forecasts from the OPEC producer group against mixed economic data in top importer China. Brent crude fell 15 cents to $86.25 a barrel at 0515 GMT, while U.S. West Texas Intermediate crude futures were down 13 cents at $82.69 a barrel. Market sentiment was also lifted by Thursday's U.S. consumer prices data for July, which fuelled speculation the Federal Reserve is nearing the end of its aggressive rate hike cycle. Data this week also showed China's consumer prices fell into deflation and factory gate prices extended declines in July, raising concerns about fuel demand in the world's second-largest economy.

Persons: Dado, Brent, Tina Teng, Teng, Baden Moore, Moore, Stephanie Kelly, Andrew Hayley, Shri Navaratnam, Simon Cameron Organizations: REUTERS, China, U.S, West Texas, CMC Markets, The, of Petroleum Exporting, Thursday's U.S, Federal Reserve, National Australia Bank, bbl, Thomson Locations: China, BEIJING, OPEC, Auckland, June's, Saudi Arabia, Russia, Ukraine, Baden, 2H23, New York, Beijing

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/File PhotoSummary OPEC flags healthy oil market fundamentals in second halfUS consumer prices rise moderately in JulyChina tips into deflation as efforts to stoke recovery falterBEIJING, Aug 11 (Reuters) - Oil prices were largely unchanged in Asian morning trade as investors weighed optimistic demand forecasts from the OPEC producer group against mixed economic data in top importer China. In 2024, "solid" economic growth amid continued improvements in China is expected to boost oil consumption, it added. Market sentiment was also lifted by Thursday's U.S. consumer prices data for July, which fuelled speculation the Federal Reserve is nearing the end of its aggressive rate hike cycle. However, Teng also noted that "China’s sluggish economic data and the retreat on Wall Street weighs on risk sentiment, and a strengthened USD also pressured commodity prices".

Persons: Dado, Brent, Tina Teng, Teng, Baden Moore, Moore, Stephanie Kelly, Andrew Hayley, Shri Navaratnam, Simon Cameron Organizations: REUTERS, China, U.S, West Texas, CMC Markets, The, of, Petroleum, Thursday's U.S, Federal Reserve, National Australia Bank, bbl, Thomson Locations: China, BEIJING, OPEC, Auckland, June's, Saudi Arabia, Russia, Ukraine, Baden, 2H23, New York, Beijing

☆ Australia progresses to Women's World Cup semifinals after penalty shootout win over France
▼ + stars: | 2023-08-11 | by ( Aimee Lewis | ) edition.cnn.com time to read: +6 min

Women’s World Cup 2023: Live scores, fixtures, results, tables and top scorersCNN —Australia reached the Women’s World Cup semifinals for the first time, sending a sell-out crowd in Brisbane into ecstasy, with an incredible penalty shootout victory over France. Cortnee Vine, the 20th penalty taker in the shootout, sealed victory, securing a 7-6 win on penalties and a tie against either England or Colombia. Australia head coach Tony Gustavsson told reporters that he is “so freaking proud” of his team and thanked supporters. Having missed a chance herself to seal Australia’s progress during the shootout, the Australia goalkeeper bounced back to save Kenza Dali’s spot-kick. And we’re loving It …”For all of Australia and France’s endeavor, defenses held firm and the match went to extra-time.

Persons: Tony Gustavsson, “, ”, Tertius Pickard, Les Bleues, Vicki Bècho’s, –, Mackenzie, Kenza, Arnold, Hervé Renard, Maelle Lakrar, Eugénie Le Sommer, France’s, Pauline Peyraud, Magnin, Mary Fowler, Élisa de Almeida, Sam Kerr, France's, Kerr, Hayley Raso, it’s, Wendie Renard, Alanna Kennedy, Vine, Renard, Solene Durand Organizations: CNN — Australia, France, Denmark, Australia Locations: Brisbane, England, Colombia, France, Australia, Peyraud

☆ I'm a 25-year-old with 2 master's degrees and $131,000 in student debt. I just left Paris and am getting ready to travel to Asia.
▼ + stars: | 2023-08-10 | by ( Alexandra York | Josée Rose | ) www.businessinsider.com time to read: +13 min

Hayley is an American who spent two years living in Paris and going to school. She recently left Paris and is getting ready to travel to India and beyond. Once a week, I'd pick her up from school and we'd spend about two hours together. I'm going to do a week in India, then I'm going to do a few days in Singapore, then a week and a half in Australia with friends. I'm part of a Facebook group called Host a Sister so I'm staying with women in India who also love to travel solo and then with friends in all the other countries I'm going.

Persons: Hayley, Paris Hayley, I'd, —, I'm, it's, there's, UNESCO's MGIEP, I've Organizations: Service, Anderson College, Arcadia University, Mahatma Gandhi Institute of Education for Peace, Sustainable Development Locations: American, Paris, India, Asia, Wall, Silicon, Kalamazoo , Michigan, South Carolina, Uganda, Marais, Kalamazoo Shore, Jordan, Europe, Midwest, North America, New Zealand, Italy, undergrad, Spain, Michigan, Southeast Asia, Singapore, Australia, Vietnam, Thailand, Kalamazoo

☆ Australia Women's World Cup: After Barbie, the Matildas became the new heroes in cleats
▼ + stars: | 2023-08-10 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +9 min

But now, seemingly in the blink of an eye, we’re all wearing green and gold for our newest heroes, Australia’s Women’s World Cup hopefuls, the Matildas. Sam Kerr takes the ball during a FIFA World Cup 2023 round of 16 match between Australia and Denmark at Stadium Australia on August 7. “A lot of people just frankly don’t want to believe women’s sport is doing well,” Lassey told CNN. Football Australia said part of the rationale for bringing the Women’s World Cup to Australia was to use it to grow the women’s game – backed by a 357 million Australian dollar ($232 million) FIFA legacy fund. Argus says the World Cup is a turning point for women’s sport because the turnout and viewing numbers have proven that there’s an enthusiastic audience.

Persons: Barbie, Margot Robbie, Greta Gerwig, Australia’s, they’ve, Sam Kerr, Mary Fowler, Caitlin Foord, Hayley Raso, Daniela Porcelli, “, ”, Jackie Schougaard, Alfred Hotel, “ Everyone’s, It’s, Jason Lassey, –, ” Lassey, Matildas, —, “ I’m, Hannah Mckay, Bruce McAvaney, I’m, Maddie Meyer, Kevin Argus, ” Argus, we’ve, Lassey, We’re, Robbie, Gerwig, Barbie ”, ” Gerwig Organizations: Australia CNN, Neighbours, Hollywood, Chelsea, FIFA, Stadium Australia, France, Brisbane, Caxton, Footy Industry, –, AFL, Australian Football League, CNN, Denmark, Sydney, Football Australia, team, Royal Melbourne Institute of Technology, RMIT, Socceroos, ”, “, Australian Broadcasting Corporation Locations: Brisbane, Australia, Denmark, Melbourne

☆ Oil hits new highs as tighter supply offsets China demand concern
▼ + stars: | 2023-08-09 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. Brent crude was 54 cents, or 0.6%, higher at $86.71 by 1110 GMT having touched $87.09, the highest since April 13. Crude posted its sixth consecutive weekly gain last week helped by a reduction in OPEC+ supplies and hopes of stimulus boosting oil demand recovery in China. "There is no doubt that there is plenty of momentum here," said Naeem Aslam, chief investment officer at Avatrade. On Tuesday, oil also came under pressure from Chinese data showing crude oil imports in July fell 18.8% from the previous month to their lowest daily rate since January, although they were up 17% from a year earlier.

Persons: Brent, Charalampos Pissouros, Naeem Aslam, Yuka Obayashi, Andrew Hayley, Bernadette Baum, Kirsten Donovan Organizations: Saudi, XM, . West Texas, Organization of, Petroleum, American Petroleum Institute, Official U.S . Energy, Thomson Locations: Zhoushan, Zhejiang province, China, Saudi, Russian, Saudi Arabia, Russia, U.S, OPEC, Tokyo, Beijing

International travel reached around 90% of pre-pandemic levels this year, according to the International Air Transport Association. Those trends lifted quarterly earnings of travel companies, with cruise operators like Royal Caribbean (RCL.N) reporting record results in recent weeks. Ticket prices, which in some cases have increased by double-digit percentages since the pandemic, are unlikely to plummet. She expects air fares on long-haul international routes to remain high until supply outpaces pre-pandemic levels, demand normalizes and jet fuel prices decline further. International inbound vs outbound in the U.S this yearAverage domestic airfare is currently $246 round-trip, down 8% from 2022, according to travel booking app Hopper.

Persons: Dan McKone, Amadeus, Jozsef Varadi, Hayley Berg, Hopper, that's, Glenn Fogel, Kathleen Oberg, Joanna Plucinska, Rajesh Kumar Singh, Doyinsola, David Gaffen, Matthew Lewis Organizations: International Air Transport Association, Consulting, Royal, Booking Holdings, Marriott, Lufthansa LHAG.DE, United Airlines, Wizz, Reuters, Holdings, International, U.S . National Travel, Tourism Office, British Airways, IAG, Thomson Locations: CHICAGO, Southern Europe, Britain, France, United States, Germany, Singapore, Royal Caribbean, Manila, Hong Kong, Taipei, Tokyo, Europe, Asia, COVID, U.S, Canada, London, Chicago, New York, Bengaluru

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERSBEIJING, Aug 9 (Reuters) - Oil prices eased in Asian morning trade on Wednesday as concerns over slow demand from top crude importer China grew after bearish trade and inflation data, outweighing fears over tighter supply arising from output cuts by Saudi Arabia and Russia. "Oil prices are struggling to further rise because of lingering concerns over a sluggish recovery in China's economy and fuel demand," said Chiyoki Chen, chief analyst at Sunward Trading. Both benchmarks notched their sixth consecutive weekly gains last week, the longest winning streak since December 2021 to January 2022, helped by a reduction in OPEC+ supplies and hopes of stimulus boosting an oil demand recovery in China. In another bearish sign, U.S. crude oil stocks rose by 4.1 million barrels last week, according to market sources citing American Petroleum Institute figures on Tuesday.

Persons: Brent, Chiyoki Chen, Yuka Obayashi, Andrew Hayley, Jamie Freed, Sonali Paul Organizations: REUTERS, . West Texas, Sunward, American Petroleum Institute, Reuters, U.S . Energy Information Administration, Saudi, Thomson Locations: Zhoushan, Zhejiang province, China, REUTERS BEIJING, Saudi Arabia, Russia, United States, Europe, Saudi, Tokyo, Beijing

☆ Australia hails 'Princess Mary' after Denmark defeat
▼ + stars: | 2023-08-08 | by ( Ian Ransom | ) www.reuters.com time to read: +3 min

An Australian has graced Denmark's royal family for nearly 20 years since Tasmania-born Mary Donaldson married Frederik, the Scandinavian nation's crown prince. But 20-year-old Fowler, playing as a false nine, is now soccer royalty in Australia after stepping up in Kerr's absence. "Princess Mary Offs Denmark," read the front-page headline in the Sydney Morning Herald newspaper on Tuesday. "Denmark might have Princess Mary but Australia crowned a new queen after a stunning Mary Fowler performance helped the Matildas qualify for the quarter-finals," Martin Gabor wrote in his match report. Australia were upset 3-2 by Nigeria in the group stage when both Kerr and Fowler were absent, the latter due to a head-knock at training.

Persons: Mary Fowler, Asanka Brendon Ratnayake, Sam Kerr, Kerr, Fowler, Caitlin Foord, Hayley Raso, Mary Donaldson, Frederik, Mary Offs Denmark, Mary, Martin Gabor, Tony Gustavsson, Striker Foord, Kerr's, Ian Ransom, Sonali Paul Organizations: Soccer Football, FIFA, REUTERS, Danes, Australia, Canada, Denmark, Sydney Morning Herald, Australian, Thomson Locations: New Zealand, Canada, Melbourne, Australia, Denmark, Sydney, Australian, Tasmania, Nigeria, France, Morocco

☆ Women’s World Cup roundup: Australia blanks Denmark to advance
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

[1/5] Soccer Football - FIFA Women’s World Cup Australia and New Zealand 2023 - Round of 16 - Australia v Denmark - Stadium Australia, Sydney, Australia - August 7, 2023 Australia's Hayley Raso celebrates scoring their second goal REUTERS/Carl Recine TPX IMAGES OF THE DAYAugust 7 - Caitlin Ford and Hayley Raso scored and team captain Sam Kerr made her triumphant Women's World Cup debut in Australia's 2-0 win over Denmark at Stadium Australia on Monday. Ford tallied in the 29th minute and Raso scored in the 70th to put the match away. --England 1, Nigeria 0 (PK)England took the penalty kicks 4-2 to defeat Nigeria and advance to the quarterfinals. Beth England, Rachel Daly and Alex Greenwood converted on PKs before Chloe Kelly delivered the winning tally for England. England survived extra time playing with just 10 women after top scorer Lauren James was issued a red card in the 87th minute.

Persons: Hayley Raso, Carl Recine, Caitlin Ford, Sam Kerr, Denmark's, Ford, Raso, Kerr, Beth England, Rachel Daly, Alex Greenwood, Chloe Kelly, Lauren James, James, Michelle Alonzi Organizations: Soccer Football, FIFA, Stadium, REUTERS, Denmark, Stadium Australia, ., WWC, England, Thomson Locations: New Zealand, Australia, Denmark, Stadium Australia, Sydney, France, Morocco, Brisbane, Nigeria, England, Jamaica, Colombia

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