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☆ Russia downs drone near Moscow, suspends flights
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +1 min

Aug 26 (Reuters) - Russia reported a new drone attack on Moscow in the early hours of Saturday, which again forced the authorities to temporarily shut down all three major airports serving the capital. Moscow Mayor Sergei Sobyanin said that a drone was brought down by air defence systems over the Istra district of the Moscow region. Three major Moscow airports, Sheremetyevo, Domodedovo and Vnukovo, suspended flights for couple of hours on Friday, TASS news agency reported. Although the attacks have not caused extensive damage, their intensity has forced the Russian authorities to temporarily shut down airports serving the capital several times this week. Ukraine did not immediately comment and almost never publicly claims responsibility for attacks inside Russia or on Russian-controlled territory in Ukraine.

Persons: Sergei Sobyanin, Maria Tsvetkova, Lidia Kelly, Sandra Maler, Robert Birsel Organizations: Moscow, TASS, Kremlin, Ukrainian, Thomson Locations: Russia, Moscow, Istra, Sheremetyevo, Russian, Crimean, Ukraine, New York, Warsaw

☆ Russia says Ukraine fired missile towards Moscow, hit Crimea with drones
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, Aug 25 (Reuters) - Russia said on Friday that Ukraine had fired a missile towards Moscow and attacked the Crimean Peninsula with 42 drones, one of the biggest known coordinated Ukrainian air attacks to date on Russian-held territory. Russia's defence ministry said it had shot down a modified S-200 missile over the Kaluga region, which borders the Moscow region. "The missile was detected and destroyed by air defences over the territory of the Kaluga region," the defence ministry said. There were no immediate reports of casualties or damage from the attacks, which Russia blamed on Ukraine. The attack were the latest in a surge of similar attacks since two drones were destroyed over the Kremlin in early May.

Persons: Vladislav Shapsha, Mikhail Razvozhayev, Lidia Kelly, Christopher Cushing, Miral Fahmy, Guy Faulconbridge Organizations: Kremlin, Thomson Locations: MOSCOW, Russia, Ukraine, Moscow, Crimean, Kaluga, Crimea, Sevastopol, Sevastopol's, Warsaw

☆ Options Action: Traders betting on a bounce in bonds
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptions Action: Traders betting on a bounce in bondsKevin Kelly, Kelly Intelligence CEO, joins the Options Action traders to talk the bond market.

Persons: Kevin Kelly Organizations: Kelly Intelligence

☆ Japan to release Fukushima water into ocean starting Aug 24
▼ + stars: | 2023-08-22 | by ( Sakura Murakami | ) www.reuters.com time to read: +4 min

An aerial view shows the storage tanks for treated water at the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan August 22, 2023, in this photo taken by Kyodo. Japan has said that the water release is safe. Foreign ministry spokesman Wang Wenbin said in July that Japan had shown selfishness and arrogance, and had not fully consulted the international community about the water release. China bans seafood imports from 10 prefectures in Japan, including Fukushima and the capital, Tokyo. Japan says the water will be filtered to remove most radioactive elements except for tritium, an isotope of hydrogen that is difficult to separate from water.

Persons: Fumio Kishida, Kishida, Wang Wenbin, Sitiveni Rabuka, Sakura Murakami, Tim Kelly, Kirsty Needham, Chang, Ran Kim, Gerry Doyle Organizations: Kyodo, REUTERS Acquire, Rights Companies Tokyo Electric Power Company Holdings, Tokyo Electric Power Company, Nuclear, Authority, International Atomic Energy Agency, IAEA, Seafood, Pacific, Thomson Locations: Okuma, Fukushima prefecture, Japan, China, Beijing, Fukushima, Tokyo, South, Seoul, United States, France, Pacific, Sydney

☆ 37-year-old launched a bank specifically for Black-owned businesses—to help fix 'a problem for everybody'
▼ + stars: | 2023-08-21 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Ifill — who is Black — watched businesses in her Brooklyn community struggle to stay afloat, their frustrations with traditional banks front and center. In January, she launched Guava, an online banking platform aimed specifically at Black small-business owners. For context, Mercury — another online bank for startups — topped 100,000 customers in three years, according to TechCrunch. Many large banks boast millions of small-business customers each. "Especially for Black people [and] especially for immigrants in this country."

Persons: Kelly Ifill, Ifill —, Black, Ifill Organizations: CNBC, TechCrunch Locations: Brooklyn , New York, Brooklyn

☆ Russia launches overnight drone attack on Ukraine - Ukraine's Air Force
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: 1 min

Aug 19 (Reuters) - Russia launched 17 drones overnight attempting to strike Ukraine's northern, central and western regions, Ukraine's Air Force said on Saturday. The Air Force said that 15 of the Russia-launched Iranian-made Shahed drones were shot down. It was not immediately clear what happened to the two drones that were not downed. It was not immediately known what objects and areas Russia targeted in its strikes. Reporting by Lidia Kelly in Warsaw; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Lidia Kelly, Sonali Paul Organizations: Ukraine's Air Force, The Air Force, Reuters, Thomson Locations: Russia, Warsaw

☆ U.S. band the Killers apologises for bringing Russian fan on stage in Georgia
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

American band The Killers perform the Saturday headline slot at Glastonbury Festival in Somerset, Britain June 29, 2019. REUTERS/Henry Nicholls/File Photo Acquire Licensing RightsAug 16 (Reuters) - An American alternative-rock band, the Killers, has apologised for bringing a Russian drummer on stage during a show in Georgia and for describing fans as "brothers and sisters," which prompted boos from the audience. "We recognise that a comment, meant to suggest that all of the Killers' audience and fans are 'brothers and sisters,' could be misconstrued," it added. The reference was to a remark band leader Brandon Flowers made to the crowd, saying he did not want the situation to turn "angry". "I see you as my brothers and my sisters," Flowers added to the sound of boos and whistles in a video published by the Russian state RIA news agency.

Persons: Henry Nicholls, Brandon Flowers, Lidia Kelly, Clarence Fernandez Organizations: Glastonbury Festival, REUTERS, Thomson Locations: Somerset, Britain, American, Georgia, Ukraine, Black, Batumi, Russian, Las Vegas, Warsaw

☆ Ukraine retakes southeast village of Urozhaine from Russian forces - Kyiv
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

KYIV, Aug 16 (Reuters) - Ukrainian forces have recaptured the village of Urozhaine from Russian troops in the southeast and dug in on its outskirts, Kyiv's deputy defence minister said on Wednesday. Russian military bloggers said fierce fighting raged near the village and that Russian units were trying to prevent Ukraine strengthening its positions in Urozhaine. In a sign of the difficulty of the battlefield operations, Urozhaine is the first village Ukraine says it has retaken since June 27 when it announced the recapture of neighbouring Staromaiorske. Kyiv says its counteroffensive push is progressing slower than it wanted because of vast Russian minefields and prepared Russian defensive lines. The recapture of Urozhaine would bring Ukraine closer to threatening the village of Staromlynivka, several kilometres to the south, which military analysts say serves as a Russian stronghold in the area.

Persons: Urozhaine, Hanna Maliar, Pavel Polityuk, Lidia Kelly, Tom Balmforth, Angus MacSwan Organizations: Russian, Reuters, Thomson Locations: Urozhaine, Donetsk, Ukraine, Russia, Russian, Azov, Staromaiorske, Kyiv, Staromlynivka, Crimea, Luhansk, Zaporizhzhia, Kherson, Warsaw

☆ Russian air strikes on western Ukraine kill at least three - officials
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

[1/5] A view shows a building damaged during a Russian missile strike, amid Russia's attack on Ukraine, in Lviv, Ukraine August 15, 2023. The Volyn region borders NATO-member Poland to its west. Ukraine's Air Force said that its forces had destroyed 16 of at least 28 Russia-launched air and sea-based missiles. Until July, the Lviv region which is far from the front lines and which borders Poland to its west, had been spared most Russia's air attacks. Air raid alerts were issued for entire Ukraine for about two hours, staring at around 2 a.m. (2300 GMT).

Persons: Administration Maksym, Yuriy Pohulyaiko, Andriy Sadovyi, Sadovyi, Maxim Kozitsky, Serhiy Lisak, Lidia Kelly, Maria Tsvetkova, Kim Coghill, Simon Cameron, Moore Organizations: Lviv Regional, Administration, REUTERS, NATO, Air Force, Lviv region's, Reuters, Thomson Locations: Russian, Ukraine, Lviv, Handout, Russia, Volyn, Lutsk, Poland, Dnipropetrovsk, Warsaw, New York

District Attorney Fani Willis brought charges against Trump and 18 other defendants under the Georgia Racketeer Influenced and Corrupt Organizations (RICO) Act. The charges include forgery in the first degree, false statements and writing, and violating the RICO Act. If found guilty under the RICO Act, Trump could face a minimum sentence of five years and a maximum sentence of 20 years and a fine. She has also used the statute against local gangs and in an ongoing 56-count RICO case against rapper Young Thug and others. The RICO charge would also carry up to a 20-year prison sentence on its own, making it one of the more severe charges.

Persons: Fani Willis, Donald Trump, Georgia's, Georgia Racketeer, Fulton, Trump, Nicholas Cotten, Willis, Brad Raffensperger, Melissa Redmon, Redmon, mafias, Young Thug, R, Kelly, Norm Eisen, Eisen Organizations: Fulton, DA, Service, Attorney's, Trump, University of Georgia School, Law's, The Atlanta, Atlanta, Prosecutors, Brookings Institution Locations: Georgia, Wall, Silicon, Fulton County, Brooklyn, Georgia's

☆ Ukraine says three wounded in Russian attack on Odesa
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

[1/7] Rescuers work at a site of a shopping mall destroyed during a Russian military strike, amid Russia's attack on Ukraine, in Odesa, Ukraine August 14, 2023. REUTERS/Nina LiashonokAug 14 (Reuters) - At least three people were wounded in two-waves of Russian drone and missile attacks overnight on the port city of Odesa, an official and the military in the Ukrainian region on the Black Sea said early on Monday. "As a result of the enemy attack in Odesa, several fires broke out from falling rocket fragments," the governor, Oleh Kiper, said on the Telegram messaging app. A dormitory and a supermarket were damaged by falling missiles debris, the command said on social media. Odesa, Ukraine's largest port and naval base, has been repeatedly attacked with missiles and drones after Russia pulled out of an agreement allowing grain shipments from Ukraine's ports in July.

Persons: Nina Liashonok, Oleh Kiper, Lidia Kelly, Lincoln Organizations: REUTERS, Thomson Locations: Russian, Ukraine, Odesa, Ukrainian, Russia, Ukraine's, Warsaw

☆ Russia to equip new nuclear submarines with hypersonic missiles
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Maxim Shemetov/File... Read moreAug 14 (Reuters) - Russia is in the process of equipping its new nuclear submarines with hypersonic Zircon missiles, the head of Russia's largest shipbuilder told the RIA state news agency in an interview published on Monday. "Multi-purpose nuclear submarines of the Yasen-M project will ... be equipped with the Zircon missile system on a regular basis," , Alexei Rakhmanov, chief executive officer of the United Shipbuilding Corporation (USC), told RIA. Yasen-class submarines, also known as Project 885M, are nuclear-powered cruise missile submarines, built to replace Soviet-era nuclear attack submarines as part of a programme to modernise the army and fleet. President Vladimir Putin said earlier this year that Russia would start mass supplies of Zircon missiles as part of the country's efforts to boost its nuclear forces. The Russian multi-purposes frigate Admiral Gorshkov, which has tested its strike capabilities in the western Atlantic Ocean earlier this year, has been already equipped with Zircon missiles.

Persons: Alexei Rakhmanov, Maxim, Read, Vladimir Putin, Gorshkov, Lidia Kelly, Simon Cameron, Moore Organizations: United Shipbuilding Corporation, REUTERS, USC, Zircon, Thomson Locations: Lomonosov, Chukotka, Murmansk, Russia, Russian, Melbourne

☆ Russia's Far East suffers flooding in Khanun's wake, over 2,500 people evacuated
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

Aug 14 (Reuters) - Floods in Russia's Far East had forced the evacuation of more than 2,500 people by Monday, the ministry of emergency situations said, after Russia joined the list of countries battered by rainstorms in the wake of Typhoon Khanun. Russian Emergencies Ministry/Handout via REUTERS/File photoIn the Russian Far East, 28 settlements were cut off by Monday. Large stretches of roads and 4,620 houses were flooded in 15 municipalities, the ministry said on the Telegram channel. The ministry said floodwaters had begun to recede in most parts of Primorye, and the worst flooding was on the Malinovka river near the village of Rakitnoye. Reporting by Lidia Kelly in Warsaw; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Khanun, Lidia Kelly, Simon Cameron, Moore Organizations: Russian Emergencies Ministry, REUTERS, Telegram, Thomson Locations: Russia's Far, Russia, Japan, China, Liaoning, Ussuriysk, Russian, Vladivostok, Primorye, Rakitnoye, Warsaw

☆ Russia's Shoigu inspects Northern Fleet, warships sent to Arctic
▼ + stars: | 2023-08-12 | by ( ) www.reuters.com time to read: +1 min

Aug 12 (Reuters) - Russia's Defence Minister Sergei Shoigu inspected remote Arctic garrisons of the Northern Fleet, the ministry said on Saturday, as a detachment of warships was sent to the Arctic Ocean to perform tasks. Shoigu inspected the military infrastructure as well as "readiness for actions to protect and defend critical facilities", the ministry said on the Telegram messaging app. A detachment of warships, including the destroyer Vice-Admiral Kulakov, the landing ship Alexander Otrakovsky and the rescue tug Altai went to the Arctic, the ministry said. It was not clear when Shoigu visited the fleet. It started military training on Friday aimed at working out actions to protect Russia's sovereignty in the waters of the Northern Sea Route, the fleet said.

Persons: Sergei Shoigu, Shoigu, Admiral Kulakov, Alexander Otrakovsky, Lidia Kelly, William Mallard Organizations: Russia's, Northern Fleet, Thomson Locations: Altai, Warsaw

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

Phillips declined to make an executive available for comment and both ADM and Phillips 66 declined to comment. TECH LINED UPAxens SA, which provides technology to convert oil and biomass to lower-carbon fuels, in May agreed to provide its ethanol-to-fuels conversion technology to Phillips, ADM or a joint venture. ADM already formed a joint venture in 2021 with top U.S. oil refiner Marathon Petroleum Corp (MPC.N) to churn out renewable diesel from soybeans. Top oilseed processor Bunge (BG.N) and Chevron (CVX.N) last year formed Bunge Chevron Ag Renewables to make renewable fuels from soybeans and canola. As part of one deal, Chevron invested $600 million in the joint venture, helping double processing capacity at two Bunge soybean crushing facilities.

Persons: Nathan Frandino, refiner Phillips, Phillips, Axens, Gevo, Stephanie Kelly, Karl Plume, Jarrett Renshaw, Erwin Seba, Marguerita Choy Organizations: Phillips, American West, REUTERS, Daniels, Midland, ADM, Renewable Fuels Association, TECH, Axens SA, Gevo Inc, Marathon Petroleum Corp, Bunge, Chevron, Bunge Chevron Ag Renewables, Thomson Locations: Rodeo , California, American, U.S, Peoria , Illinois, Columbus , Nebraska, Cedar Rapids , Iowa, Houston, , California, California, Paris, North Dakota, Bunge Chevron, New York, Chicago, Washington

☆ Russia to evacuate village for first lunar lander mission in half century
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kirill Kudryavtsev/Pool/File PhotoAug 7 (Reuters) - Russia will evacuate a village in its far east on Aug. 11 as part of the launch of Russia's first lunar lander mission in nearly half a century, a local official said on Monday. The Luna-25 lunar lander, Russia's first since 1976, will be launched from the Vostochny Cosmodrome, some 3,450 miles (5,550 km) east of Moscow, according to Russia's Roscosmos space agency. Luna-25 will launch on a Soyuz-2 Fregat booster and will be the first lander to arrive on the South Pole of the moon, Roscosmos has said. The lander is expected to operate on the lunar surface for one year. Reporting by Lidia Kelly in Melbourne; Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Kirill Kudryavtsev, Luna, Russia's, Alexei Maslov, Roscosmos, Lidia Kelly, Gerry Doyle Organizations: Russian Soyuz, REUTERS, Vostochny, Thomson Locations: Russian, Lomonosov, cosmodrome, Uglegorsk, Blagoveshchensk, Amur, Russia, Moscow, Russia's Khabarovsk, Verkhnebureinskyi, Khabarovsk, Shakhtinskyi, Melbourne

☆ Russia launches new burst of missile and drone attacks, Ukrainian air force says
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +2 min

Ukraine's air defence destroyed 30 out of 40 cruise missiles and all 27 of the Shahed drones that Russia launched overnight, the Air Force - which is celebrated in a holiday on Sunday - said on the Telegram messaging channel. It also said Russia launched three Kinzhal hypersonic missiles, but did not disclose any further information on them. "In total, in several waves of attacks, from the evening of Aug. 5 to the morning of Aug. 6, 2023, the enemy used 70 means of air assault weapons," the Air Force said. Air Force spokesman Yuriy Ihnat told the national Ukrainian broadcaster that one of the key targets for Russia's overnight attack was the Khmelnytskyi region. "Now, it is the Starokostiantyniv airfield that haunts the enemy," Ihnat said.

Persons: Serhiy Tiurin, Tiurin, Yuriy Ihnat, Ihnat, Lidia Kelly, Tom Hogue, Philippa Fletcher Organizations: Kyiv's Air Force, Air Force, Telegram, Russia, Reuters, Thomson Locations: Russia, Ukraine, Khmelnytskyi, Starokostiantyniv, Ukrainian, Warsaw

☆ Ukraine expects difficult but successful talks in Saudi Arabia
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Viacheslav... Read moreAug 5 (Reuters) - Talks starting Saudi Arabia this weekend to find a peaceful settlement to end Russia's war in Ukraine will be difficult, but Kyiv is counting persuading more countries to back its peace formula, the head of Kyiv's delegation said on Friday. Ukraine and its allies hope the meeting in Jeddah of national security advisers and other senior officials from some 40 countries - but not Russia - will agree on key principles on how to end Russia's war in Ukraine. China, which has firm ties with Russia, said on Friday it will send Special Envoy for Eurasian Affairs Li Hui for the talks. "We have many disagreements and we have heard different positions, but it is important that our principles are shared," he said. Ukrainian, Russian and international officials say there is no prospect of direct peace talks between Ukraine and Russia at the moment, as the war continues to rage and Kyiv seeks to reclaim territory through a counter-offensive.

Persons: Andriy Yermak, Volodymyr Zelenskyi, Read, Volodymyr Zelenskiy's, Eurasian Affairs Li Hui, Zelenskiy, Lidia Kelly, Simon Cameron, Moore Organizations: International, REUTERS, Eurasian Affairs, Global, Thomson Locations: Ukraine, Kyiv, Saudi Arabia, Jeddah, Russia, China, India, Brazil, South Africa, Moscow, Warsaw

☆ Ukraine seeks progress towards peace at Saudi Arabia talks
▼ + stars: | 2023-08-05 | by ( Maha El Dahan | ) www.reuters.com time to read: +5 min

Ukrainian, Russian and international officials say there is no prospect of direct peace talks between Ukraine and Russia at present, with the war raging. The world's top oil exporter Saudi Arabia, which has maintained contacts with both sides since Russia invaded Ukraine last February, has played a role in convening countries that did not join earlier meetings, Western diplomats have said. SAUDI DIPLOMACYWestern officials and analysts said Saudi diplomacy had been important in securing China's presence at the talks. Zelenskiy attended an Arab League summit in Saudi Arabia last year where MbS voiced readiness to help mediate in the war. In March, Beijing brokered a resumption of ties between Saudi Arabia and its arch regional foe Iran.

Persons: Andriy Yermak, Volodymyr Zelenskyi, Volodymyr Zelenskiy's, Zelenskiy, Russia's, Eurasian Affairs Li Hui, Ajit Doval, Crown Prince Mohammed bin Salman, Xi Jinping, Kristian Coates Ulrichsen, Rice, Yun Sun, Sun, Lidia Kelly, Maha El Dahan, Omar Abdel, Michael Martina, Aftab Ahmed, Angus McDowall, Andrew Cawthorne Organizations: International, REUTERS, Saudi, Global, Kremlin, Eurasian Affairs, Indian National Security, Crown, Arab, MbS, Shanghai Cooperation Organization, Iran, Baker Institute, Stimson, Razek, Thomson Locations: Ukraine, Kyiv, China, India, Jeddah Ukraine, Russia, DUBAI, United States, Saudi Arabia, Ukrainian, Copenhagen, Beijing, Moscow, Jeddah, Riyadh, SAUDI, Saudi, Turkey, Middle East, Washington, Warsaw, Maha, Dubai, New Delhi

LONDON/HOUSTON/SINGAPORE, July 31 (Reuters) - Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected to rise in coming months. JP Morgan analysts said this month that oil inventories - which include crude and fuel products - now play a bigger role in determining oil prices than the U.S. dollar because Western sanctions on Russia have accelerated oil trading in other currencies. Stock declines have been geographically uneven so far, with inventory falls in the United States and Europe offset by increases in China and Japan. Weekly stocks of diesel, jet fuel and fuel oil in the five regions are also currently below their five-year averages. Crude inventories in Japan have added 25 million barrels, or 8%, since April to stand at their highest in nearly two years, according to Kayrros.

Persons: Morgan, Christopher Haines, Cushing, Kayrros, Antoine Halff, Macquarie, Vikas Dwivedi, JP Morgan, Dwivedi, we've, Muyu Xu, Stephanie Kelly, Simon Webb, Kirsten Donovan Organizations: U.S, Energy, International Energy Agency, Organization of, Petroleum, OECD, OPEC, UBS, U.S . Energy Information Administration, Reuters Graphics Reuters, FGE Energy, United Arab, Reuters Graphics, Macquarie, Thomson Locations: HOUSTON, SINGAPORE, Saudi Arabia, Russia, United States, Europe, China, Japan, Saudi, Oklahoma, Singapore, Fujairah, United Arab Emirates, Mideast, Ukraine, Portugal, Reuters Graphics China, Iran, Venezuela, North Africa, Asia, New York

Bolstered by supply cuts from the OPEC+ alliance announced earlier this month, both oil benchmarks gained nearly 5% for the week - a fifth straight week of gains. The benchmarks are on track to gain over 13% for the month. In an interview on Friday, Exxon Mobil (XOM.N) chief Darren Woods said he expected record oil demand this year and next. On the supply side, U.S. oil rigs fell by one to 529 this week, their lowest since March 2022, energy services firm Baker Hughes (BKR.O) said on Friday. Saudi Arabia is expected to extend the voluntary oil output cut for another month to include September, five analysts said, to provide additional support for the oil market.

Persons: Brent, Phil Flynn, Jerome Powell's, Tamas Varga, Darren Woods, Baker Hughes, Stephanie Kelly, Natalie Grover, Laura Sanicola, Andrew Hayley, Deepa Babington, Kirsten Donovan Organizations: drillers, U.S . Federal Reserve, European Central Bank, U.S, West Texas, Price Futures, Federal, Exxon Mobil, Thomson Locations: France, Spain, China, OPEC, United States, U.S, Saudi, Saudi Arabia, New York, London, Washington, Beijing

☆ Options Action: Bullish bets on Intel
▼ + stars: | 2023-07-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptions Action: Bullish bets on IntelKevin Kelly, Kelly Intelligence CEO, joins 'Closing Bell Overtime' to talk Intel with the Options Action traders.

Persons: Intel Kevin Kelly Organizations: Intel, Kelly Intelligence, Options

☆ Russia-Africa summit to discuss Moscow's grain and fertiliser exports - RIA
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

July 25 (Reuters) - Russia and nations taking part in this week's Russia-Africa summit will discuss Moscow's grain and fertilisers exports, Oleg Ozerov, ambassador at large at the Russian foreign ministry, told the state RIA news agency in remarks published on Tuesday. Last week, Russia withdrew from the year-long Black Sea grain deal that ensured the safe export of Ukrainian grains, saying that Russia's conditions for the extension of the deal had been ignored. The U.N-brokered grain deal had allowed Ukraine to export grain from its Black Sea ports, despite the war, to alleviate a global food crisis. This week, President Vladimir Putin said Moscow can replace Ukrainian grain both commercially and free of charge. On Monday, UN Secretary-General Antonio Guterres called on Russia on Monday to return to the Black Sea grain deal.

Persons: Oleg Ozerov, Ozerov, Vladimir Putin, Antonio Guterres, Lidia Kelly, Simon Cameron, Moore Organizations: Russian Federation, UN, Thomson Locations: Russia, Africa, St . Petersburg, Moscow, Ukraine, Melbourne

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