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North Korea said it tested a new long-range intercontinental ballistic missile this week. Related storiesPrior to this latest test, North Korea had last launched an ICBM test in December 2023, according to the James Martin Center for Nonproliferation Studies North Korea Missile Test Database. AdvertisementHowell said the latest test's reportedly longer flight time would suggest North Korea was "improving the sophistication of its delivery systems." "Through Moscow's assistance, North Korea has advanced its artillery and missile capabilities," Zelenskyy wrote. It comes as the US and South Korea held joint drone strike drills for the first time, South Korea's Yonhap news agency reported on Friday.
Persons: , KCNA, Kim Jong Un, Read, kA8m36NARX, Kim Jong, Virginie Grzelczyk, Grzelczyk, Edward Howell, James Martin, Howell, Lee Sangmin, Sangmin, Volodymyr Zelenskyy, Zelenskyy Organizations: Service, NK News, Korea, NK NEWS, School of Social Sciences, Humanities, Aston University, Korea Foundation, Chatham, Pacific Program, James Martin Center, Nonproliferation Studies North Korea Missile Test, South Korea's Korea Institute for Defense Locations: Korea, Japan, Korean, North Korea, Chatham House's Asia, South, Ukraine's, South Korea
North Korea will resume international tourism this winter, ending a COVID-era ban on travelers, according to operators that organize tours to the country. This undated picture released by North Korea's official Korean Central News Agency (KCNA) on November 28, 2016 shows North Korean leader Kim Jong-Un (C) standing among skiers in Samjiyun. The efforts could help North Korea with its economic recovery from the devastating impacts of the global pandemic. The only nationalities restricted from travel to North Korea as tourists are citizens of the Republic of Korea. It is likely that an opening of Samjiyon is aimed at attracting Chinese travelers, who constituted the majority of international tourists visiting North Korea before the pandemic.
Persons: Kim Jong, Kim Jong Un Organizations: North, Korean Central News Agency, Department of State, NK News Locations: Koryo, Korean, Beijing, Samjiyon, North Korea, Samjiyun . North Korea, Russian, Koryo Tours, Republic of Korea, The U.S, Pyongyang, U.S
Kim Jong Un oversaw tests for a rocket capable of hitting Seoul in South Korea, Bloomberg reported. Russia and North Korea have previously denied reports of an arms deal between the two nations. North Korean leader Kim Jong Un and Russian President Vladimir Putin in Vladivostok on April 25, 2019. Russia and North Korea have previously denied an arms deal exists between the two countries. Business Insider reported in October that North Korea was on track to become "one of Russia's most significant foreign arms suppliers."
Persons: Kim Jong Un, , Yang, Vladimir Putin, Alexander Zemlianichenko, Simon Miles, Miles, Kelly Grieco, it's Organizations: Bloomberg, Service, Ukraine, Korean People's Army, Korean Central News Agency, Asan Institute, Policy Studies, NK News, North Korean, Duke University's Sanford School of Public, Kremlin, Soviet Union, AP News, Business, pushback, US, Stimson Center Locations: Seoul, South Korea, Russia, Ukraine, North Korea, Korea, Russian, Vladivostok, Soviet
The Notice of Opposition was filed against Williams' attempt to trademark "P.Inc." AdvertisementPink has taken legal action against Pharrell Williams to stop his attempt to trademark the term "P.Inc." Pink, 44, filed the Notice of Opposition against Williams through her company, Lefty Paw Print, on Thursday. Gilbert Flores/Variety via Getty ImagesLefty Paw Print wrote that Williams filed a trademark application for "P.Inc" in May 2023. Hugo's lawyers said Williams' trademark attempt violates an agreement between him and Hugo to split everything equally.
Persons: Pharrell Williams, Williams, , Lefty, Paw, Lefty Paw, Gilbert Flores, Mark, Pink, Opposer, Paul Morigi, Chad Hugo, Hugo Organizations: Pink, nk, Service, PW IP, Paw Print, Variety, Getty, Business
Hedge fund managers gathered Wednesday at the 2024 Sohn Investment Conference in New York to share their best investment ideas. It kicked off with "Next Wave Sohn," a session that features ideas from rising stars within the hedge fund industry. Endocrinology is an $8 billion market, but the cumulative market size, including the company's future therapy targets, is upward of $200 billion, which includes estimates for future obesity drugs, the investor said. It has CA$75 billion market cap with an "unbelievable record of success," according to the investor. The short seller noted that the company has a $5 billion market cap with about $4.8 billion of debt.
Persons: Sohn, Eric Wolff, Wolff, Michelle Ross, Cushing, Ross, Eli Lilly, Crinetics, XBI, Nikhil Daftary, Alimentation, Daftary, Chris Drose, Nate Koppikar, Fahmi Quadir Organizations: Investment, Gumshoe Capital Management Investment, Pason Systems Energy, Pason Systems, Gumshoe Capital Management, StemPoint, Pharmaceuticals, Crinetics Pharmaceuticals, StemPoint Capital, Endocrinology, Novo Nordisk, P Biotech, NK Capital Investment, NK Capital, Starbucks, McDonalds, Bleecker Street Capital, Orso Partners, Justice Department, Federal Trade Commission, Safkhet, Global Education Locations: New York, Canada, U.S
Russian ships transporting North Korean shells to Russia may have paused, analysts say. It is believed that North Korea has sent up to three million shells to Russia. Russia has become increasingly reliant on North Korea and China for economic and military support. AdvertisementRussian ships suspected of transporting huge quantities of ammunition and weaponry to Russia have not docked in North Korea since February 12, analysts at the North Korea-focused outlet NK Pro say. Meanwhile, Ukrainian soldiers have been hamstrung by ammunition shortages on the battlefield in recent months.
Persons: , R, Maia, Maria —, Russia's, Shin Organizations: Service, NK Pro, Business Locations: Russia, Korea, North Korea, China, Ukraine, Moscow
A North Korean spy satellite was spotted adjusting its orbit in space, experts said. AdvertisementA North Korean spy satellite has made maneuvers in orbit that show it is very much "alive," contrary to previous assessments that suggested it was inactive, experts said on Tuesday. North Korea announced it had launched Malligyong-1 into orbit in November, after two failed attempts. The launches drew condemnation from the US, which viewed them as cover for North Korea testing missile technology. The latest findings come as South Korea warned that Pyongyang could launch a new spy satellite as soon as March, The Korea Times reported.
Persons: Marco Langbroek, , Korean Defense Minister Shin Won, sik, Langbroek, Jonathan McDowell Organizations: Service, Delft University of Technology, Korean Defense Minister, Korea Times, Harvard - Smithsonian Center, Astrophysics, NK News, White, Pentagon, US, Guardian, The Korea Times Locations: Korean, South Korea, Leiden, Netherlands, North Korea, Pyongyang
On Tuesday North Korean state media said leader Kim Jong Un had reviewed spy satellite photos of the White House, Pentagon and U.S. aircraft carriers at the naval base of Norfolk. North Korea last week successfully launched its first reconnaissance satellite, which it has said was designed to monitor U.S. and South Korean military movements. Since then state media has reported the satellite photographed cities and military bases in South Korea, Guam, and Italy, in addition to the U.S. capital. Commercial imagery of those cities on Nov. 27, the day North Korea says it captured its photographs, was not immediately available. The United States and South Korea have condemned the satellite launch as a violation of U.N. Security Council resolutions banning any use of ballistic technology.
Persons: Josh Smith, Hyonhee Shin, Kim Jong Un, Chad O'Carroll, Dave Schmerler, James Martin, Schmerler, Jeffrey Lewis, Kim, KCNA, Hyonhee ShinEditing, Chris Reese, Sandra Maler, Gerry Doyle Organizations: Tuesday North, White House, Pentagon, U.S, NK News, Falcon, James, James Martin Center, Nonproliferation Studies, Andersen Air Force Base, U.S . Locations: Hyonhee Shin SEOUL, North Korea, Norfolk . North Korea, Korean, South Korea, Guam, Italy, Pyongyang, Seoul, U.S, U.S . Western, Norfolk, Newport, British, Korea, United States
North Korea closes multiple embassies around the world
  + stars: | 2023-10-31 | by ( Hyonhee Shin | ) www.reuters.com   time to read: +3 min
The North Korean flag flutters at the North Korea consular office in Dandong, Liaoning province, China April 20, 2021. Both Angola and Uganda have forged friendly ties with North Korea since the 1970s, maintaining military cooperation and providing rare sources of foreign currency such as statue-building projects. "This can be a sign of North Korea's difficult economic situation, where it is difficult to maintain even minimal diplomatic relations with traditionally friendly countries." North Korea has formal relations with 159 countries, but had 53 diplomatic missions overseas, including three consulates and three representative offices, until it pulled out of Angola and Uganda, according to the ministry. Correspondence with the Spanish Communist Party released on the party's website showed the North Korean embassy announcing the closing in a letter dated Oct. 26.
Persons: Tingshu Wang, KCNA, Chad O'Carroll, Kim Jong, Hyonhee Shin, Hyunsu Yim, hyang Choi, Josh Smith, Gerry Doyle, Ed Davies Organizations: North, REUTERS, Rights, NK Pro, Spanish Communist Party, North Korean, Thomson Locations: North Korea, Dandong, Liaoning province, China, Rights SEOUL, Spain, Hong Kong, Africa, Korean, Angola, Uganda, Korea, Italy, Madrid, Pyongyang, United States
Atalanta fans take detour to salute their ex-player Ilicic
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +1 min
Ex-players can come in for many different forms of treatment from their former fans, but Josip Ilicic, who spent five years at Atalanta, is still very much in the hearts of the club's supporters. Ilicic left the club in August, 2022, his contract terminated by mutual agreement, after the player had struggled for some time with mental health issues. Ilicic joined his former club NK Maribor a month after leaving Atalanta, and the fans from Bergamo arrived at the club's training ground on Thursday morning to surprise the 35-year-old Slovenian. Two buses arrived, carrying 120 fans who had left Italy at midnight, and there were handshakes, hugs and chants for the beloved player, and plenty of photos taken with a visibly emotional and happy Ilicic. The fans left him a present of the banner they had used on that farewell night in Bergamo last year, and Ilicic also confirmed he will be present at Atalanta's game with Sturm Graz later on Thursday night.
Persons: Josip Ilicic, Ilicic, Sturm, Trevor Stynes, Christian Radnedge Organizations: Atalanta, Austrian, Sturm Graz, Europa League, Torino, NK Maribor, Thomson Locations: Bergamo, Maribor, Slovenia, Italy
Jenny Town is a leading expert on North Korea at the Stimson Institute and the director of Stimson's 38 North Program. She uses publicly available data points to paint a picture of North Korean dynamics. But her colleague didn't believe her, Town said, and decided to ask the doppelganger if he was a North Korean spy. The North Korean doppelganger, in the meantime, had decided to break off contact and in a bizarre turn of events, apologized for any confusion and blamed it on "Nk hackers." "I love it," joked Mandiant North Korea analyst Michael Barnhart.
Persons: Kim Jong Un, Jenny Town, They're, didn't, Michael Barnhart Organizations: Sputnik, Russian, Vostochny, WASHINGTON, WASHINGTON , D.C, , Stimson Institute, APT43, Google, D.C, U.S, Nk Locations: Amur, WASHINGTON ,, North Korea, Mandiant, Koreans, Korean, Korea, North Korean
It is unclear how many trains North Korean leaders have used over the years, but Ahn Byung-min, a South Korean expert on North Korean transportation, said multiple trains were needed for security reasons. "Even if it is slow, train is safer and more comfortable than anything else for a North Korean leader," Ahn said. In the 2002 book "Orient Express", Russian official Konstantin Pulikovsky described a three-week journey to Moscow by Kim Jong Il, Kim Jong Un's father and predecessor. The wheels of Kim Jong Un's train must be changed in Russia or a North Korean station bordering Russia, because the two countries use different rail gauges, Ahn said. The train was "a sweet home and an office," for Kim Jong Il, state television has said.
Persons: Kim Jong, Kim, Putin, Ahn Byung, Ahn, " Ahn, Konstantin Pulikovsky, Kim Jong Il, Georgy Toloraya, Toloraya, Kim Il Sung, Kim's, Kim family's, Josh Smith, Gerry Doyle Organizations: North, NK News, WHO, THE Locations: SEOUL, Russia, China, Vietnam, Korean, North Korean, Moscow, Bordeaux, Beaujolais, Paris, Russian, North Korea, Koreans
Inside North Korean leader Kim Jong Un's armoured train
  + stars: | 2023-09-12 | by ( Ju-Min Park | ) www.reuters.com   time to read: +4 min
North Korean leader Kim Jong Un waves from a private train as he departs Pyongyang, North Korea, to visit Russia, September 10, 2023, in this image released by North Korea's Korean Central News Agency on September 12, 2023. It is unclear how many trains North Korean leaders have used over the years, but Ahn Byung-min, a South Korean expert on North Korean transportation, said multiple trains were needed for security reasons. "Even if it is slow, train is safer and more comfortable than anything else for a North Korean leader," Ahn said. In the 2002 book "Orient Express", Russian official Konstantin Pulikovsky described a three-week journey to Moscow by Kim Jong Il, Kim Jong Un's father and predecessor. The wheels of Kim Jong Un's train must be changed in Russia or a North Korean station bordering Russia, because the two countries use different rail gauges, Ahn said.
Persons: Kim Jong, Kim, Putin, Ahn Byung, Ahn, " Ahn, Konstantin Pulikovsky, Kim Jong Il, Georgy Toloraya, Toloraya, Kim Il Sung, Kim's, Kim family's, Josh Smith, Gerry Doyle Organizations: North, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, NK News, WHO, THE, Thomson Locations: Pyongyang, North Korea, Russia, Rights SEOUL, China, Vietnam, Korean, North Korean, Moscow, Bordeaux, Beaujolais, Paris, Russian, Koreans
MTV VMAs 2023: See the full list of winners
  + stars: | 2023-09-12 | by ( Alli Rosenbloom | ) edition.cnn.com   time to read: +4 min
CNN —The 2023 MTV Video Music Awards were presented on Tuesday. Beyoncé, Doja, Karol G, Minaj and Shakira joined Swift as artist of the year nominees, marking the first time since the category was introduced in 2017 that all artist of the year nominees are women. Shakira received the Video Vanguard Award. The night also welcomed brand new category Best Afrobeats. Demi Lovato, Shakira, Olivia Rodrigo, Cardi B with Megan Thee Stallion, Diddy, Lil Wayne, Doja Cat and Fall Out Boy, among others, all performed during the ceremony.
Persons: Taylor Swift, , Doja, Karol G, Minaj, Shakira, Swift, Demi Lovato, Olivia Rodrigo, Cardi, Megan Thee, Lil Wayne, Miley Cyrus –, Nicki Minaj –, Olivia Rodrigo –, Sam Smith, Kim Petras, Bill ” Taylor Swift, Karol, Nicki Minaj Shakira Taylor, Cyrus –, Rema, Selena Gomez, Steve Lacy –, PinkPantheress Reneé Rapp, Saucy Santana –, Booty, Stephen Sanchez – “, Flo Milli, Conceited, Reneé Rapp – “, Sam Ryder –, Armani, GOATED, Fletcher –, Diana ”, FLO –, Lauren Spencer Smith, David Guetta, Bebe Rexha, Post Malone, Bryson Tiller, Yung Miami, Shakira –, Savage, Diddy, Lovato, ” Ed Sheeran, ” Taylor Swift, DJ Khaled, Lil Baby –, Swizz Beatz, ” Nicki Minaj –, Alicia Keys, Chris Brown –, Toosii –, ” Yung Bleu, Nicki Minaj, Metallica, , , Ella Baila Sola, Despechá, Starr – “, Musa Keys, ” Rema, Ayra Starr – Organizations: CNN, Metro Boomin, NK – Locations: Reneé Rapp – “ Colorado, Lipa
North Korean media released a video showing Kim Jong Un at a lavish banquet on Sunday. Four different moments of Kim Jong-Un and his daughter at a banquet table on August, 27, 2023. Kim Yo Jong was identified by NK News as the woman in a jacket standing center of picture, facing Kim Jong Un, below. A row of sailors look joyful as they serenade Kim Jong Un at a banquet in Pyongyang on August 27, 2023. A general view of the banquet in Pyongyang on August 27, 2023, attended by Kim Jong Un.
Persons: Kim Jong, Kim, Ri Sol Ju, Kim Ju, Kim Jong Un, Ri, , Kim Ju Ae, Kim's, Kim Yo Jong Organizations: Navy, Service, NK News, North Korea's, Air Koryo, DPRK NK News, Guardian Locations: Wall, Silicon, North, Pyongyang, DPRK, North Korea, Koryo, Serrano
SEOUL, Aug 16 (Reuters) - North Korea's claim on Wednesday that U.S. soldier Travis King fled racism and abuse in America comes as Pyongyang pushes back on Washington's criticism of the North's human rights record. King has not been directly heard from, but an uncle in United States told media this month his nephew said he experienced racism during his military service. During the protests after the police killing of George Floyd in 2020, North Korean officials cited "extreme racists" in America and criticised authorities' response for threatening to "unleash even dogs for suppression". North Korean state media has its own history of issuing racially charged statements. A landmark 2014 U.N. report on North Korean human rights concluded that North Korean security chiefs - and possibly leader Kim Jong Un himself - should face justice for overseeing a state-controlled system of Nazi-style atrocities.
Persons: Travis King, King, Lim Eul, Donald Trump, George Floyd, Harrison Kim, Eldridge Cleaver, , Barack Obama, gaunt, Obama, Kim Jong Un, Josh Smith, Soo, hyang Choi, Gerry Doyle Organizations: U.S . Army, United Nations Security, U.S, North, Korea's Kyungnam University, University of Hawaii, NK News, Black Panther Party, Thomson Locations: SEOUL, America, Pyongyang, Korea, United States, North Korea, U.S, Charlottesville , Virginia, Seoul, North Korean, African, China
MILITARY DISPLAYSImages from Russia's defence ministry and North Korean media showed Shoigu being greeted by North Korean defence minister Kang Sun Nam and Russian ambassador Alexander Matsegora at the airport, and rows of North Korean and Russia troops. The only defence treaty China and North Korea have is with each other. Amid international sanctions over North Korea's missile and nuclear programmes - which both Moscow and Beijing voted to impose - China has become by far North Korea's largest trading partner. Russia and China have rebuffed recent attempts by the United States and some European countries to impose new sanctions on North Korea. "If North Korea also sends a high-level delegation to China for the upcoming Hangzhou Asian Games, it means the resumption of high-level 'shuttle diplomacy' between North Korea and China since the COVID-19 pandemic," he said.
Persons: Sergei Shoigu, Li Hongzhong, Anthony Rinna, Travis King, Rinna, Shoigu, Kang Sun Nam, Alexander Matsegora, Wagner, Kim, Yang Moo, Dave Schmerler, James Martin, Schmerler, Kim Jong Un, KCNA, denuclearisation, Yang, Josh Smith, Michael Perry Organizations: Korean People's Army, North, Korean Central News Agency, KCNA, Russian, Communist Party, United Nations Security Council, Washington, U.S, Sino, NK, United, University of North Korean Studies, James, James Martin Center, Nonproliferation Studies, Reuters, Fatherland, Thomson Locations: Pyongyang, North Korea, China, U.S, SEOUL, United States, Russia, Beijing, Moscow, Korea, North Korean, Washington, Russian, Korean, Ukraine, Seoul, North, Hangzhou
SEOUL, July 25 (Reuters) - Tourists should expect far stricter supervision if visits to the border between North and South Korea resume, analysts said, after U.S. soldier Travis King used an organised tour to get close enough to dash across to North Korea last week. The U.S.-led United Nations Command (UNC), which oversees the area, has indefinitely suspended all JSA tours after King's unauthorised crossing. Not all DMZ tours stop at the JSA, which is the only spot where visitors can step up to and even briefly over the border into the North. Visiting JSA is free of charge for South Korean nationals, but the tour King was on started at $180, according to a Tripadvisor listing. King's case would be the first successful border crossing by a JSA tourist ever, Zwetsloot said.
Persons: Travis King, King, Andrew Harrison, I've, Jacco Zwetsloot, Zwetsloot, we'll, Lim Eul, Banning, Lim, Harrison, Soo, hyang Choi, Josh Smith, Simon Cameron, Moore Organizations: U.S . Army, Joint Security Area, United Nations Command, UNC, JSA, NK, South, North, Kyungnam University, Thomson Locations: SEOUL, North, South Korea, Korea, Panmunjom, Washington, The U.S, Seoul
North Korea appears to lift COVID mask mandate, reports say
  + stars: | 2023-07-04 | by ( ) www.reuters.com   time to read: +1 min
SEOUL, July 4 (Reuters) - North Korea appeared to have eased a strict COVID-19 mask mandate, media reports said this week, after state news agencies showed many people maskless. North Korean state television and newspapers did not make any official announcement, but showed crowds of people at theatres and other locations without masks. The report said authorities had eased the mandates because wearing used masks and strict mask control had led to the spread of skin and eye infections. Last August, North Korean state news agency KCNA said Pyongyang had dropped a face mask mandate along with other social distancing rules as leader Kim Jong Un declared victory over COVID-19. North Korea's strict coronavirus curbs have also been criticized by a United Nations report last year as worsening its human rights violations.
Persons: KCNA, Kim Jong Un, Hyunsu Yim, Josh Smith, Raju Gopalakrishnan Organizations: NK News, Free Asia, United Nations, Thomson Locations: SEOUL, North Korea, Korean, Seoul, U.S, North Korean, Pyongyang
[1/3] American singer Dolly Parton poses on stage during a press conference to launch her new album, in London, Britain, June 29, 2023. REUTERS/Anna GordonLONDON, June 29 (Reuters) - Country music star Dolly Parton says her first rock album "Rockstar" is some of her best, as well as most fun, work she has ever done. "I’ve lived my whole life mainly in country music and I love it," Parton told a news conference in London on Thursday. “I enjoy getting to do something besides my own songs or just country songs. "Rockstar" also features collaborations with Lizzo, Stevie Nicks, Kid Rock, Simon Le Bon, P!nk, Debbie Harry and Joan Jett among other well-known music names.
Persons: Dolly Parton, Anna Gordon LONDON, Parton, Paul McCartney, Ringo Starr, Elton John, Sting, Miley Cyrus, I’ve, , , ” Parton, Lizzo, Stevie Nicks, Kid Rock, Simon Le Bon, Debbie Harry, Joan Jett, Marie, Louise Gumuchian, David Gregorio Our Organizations: REUTERS, Roll Hall of Fame, Broadway, nk, Thomson Locations: London, Britain
The channels featured English-speaking young women, including a girl as young as 11, who claimed to offer an unfiltered look at every day life in North Korea as informal video bloggers, or "vloggers." The YouTube spokesperson said in a statement that the decision to remove the channels was taken to comply with "U.S. sanctions and trade compliance laws, including those related to North Korea." According to NK News, a Seoul-based website that tracks North Korea, the YouTubers have been linked to the Pyongyang-based Sogwang Media Corporation which seeks to expand the country’s external outreach through social media. North Korea-linked Twitter accounts, including those of so-called "friendship associations" in the United Kingdom and elsewhere, have also been blocked in South Korea due to legal demands. Some researchers have complained that removing the accounts cuts off sources of information about North Korea and its media.
Persons: Harry Potter, Hyunsu Yim, Josh Smith, Simon Cameron, Moore Organizations: YouTube, U.S, South, Korea Communications Standards, National Intelligence Service, North Korean, Google, NK News, Sogwang Media Corporation, Thomson Locations: SEOUL, North, North Korea, South Korea, Seoul, Pyongyang, United Kingdom
New V&A show 'DIVA' salutes and studies top stars
  + stars: | 2023-06-20 | by ( Hanna Rantala | ) www.reuters.com   time to read: +2 min
[1/4] Elton John's 50th birthday costumes are seen on display at DIVA, an exhibition celebrating the power and creativity of iconic performers, at the Victoria and Albert Museum, in London, Britain June 19, 2023. Titled "DIVA", the exhibition features some 60 costumes and 250 items from screen sirens and stage stars from the 19th century to today, many displayed for the first time. "Some of this goes all the way back to the turn of the century, 1900, you know opera singers, silent film stars. It uses the objects to recount the creation of the diva, delving into personal stories and looking at performers' activism and sway on social issues, including equality and civil rights. "The diva has a strong sense of self, an attitude and knowing... how to use their voice," lead curator Kate Bailey said.
Persons: Elton John's, Anna Gordon LONDON, Victoria, Marilyn Monroe, Maria Callas, Franco Zeffirelli's, Bob Mackie's, Tina Turner, Cher, Elton John's Louis XIV, Janelle Monae's, Mackie, Kate Bailey, Hanna Rantala, Alexandra Hudson Organizations: Victoria, Albert Museum, REUTERS, Royal Opera House, nk, Alexandra Hudson Our, Thomson Locations: London, Britain
Companies NK Rosneft' PAO FollowJune 19 (Reuters) - Oil prices fell on Monday as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. "(China's) economy is navigating through powerful headwinds," said PVM oil analyst Tamas Varga. In recent weeks global road traffic has been declining, said Jorge Leon, Rystad Energy's senior vice president, which may also point to slowing growth and drag on oil prices. Iran's crude exports and oil output have hit record highs in 2023 despite U.S. sanctions, according to consultants, shipping data and a source close to the matter, adding to global supply when other producers are limiting output. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia this month agreed on a new oil output deal and the group's biggest producer, Saudi Arabia, also pledged to make a deep cut to its output in July.
Persons: Brent, Tamas Varga, Jorge Leon, Rystad Energy's, Leon, Nia Williams, Ahmad Ghaddar, Katya Golubkova, Emily Chow, David Goodman, Kirsten Donovan Organizations: NK Rosneft, West Texas, of, Petroleum, Thomson Locations: United States, U.S, China, Europe, Russia, Saudi Arabia, British Columbia, London, Tokyo, Singapore
Oil falls on China growth uncertainties
  + stars: | 2023-06-19 | by ( Ahmad Ghaddar | ) www.reuters.com   time to read: +2 min
Companies NK Rosneft' PAO FollowLONDON, June 19 (Reuters) - Oil prices fell on Monday as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude fell 17 cents, or 0.2%, to $76.44 a barrel by 0944 GMT while U.S. West Texas Intermediate (WTI) crude lost 31 cents, or 0.4%, to $71.47. "(China's) economy is navigating through powerful headwinds," said PVM oil analyst Tamas Varga. The oil and gas rig count, an early indicator of future output, fell by eight to 687 in the week to June 16 for the lowest total since April 2022. , , . Iran's crude exports and oil output have hit record highs in 2023 despite U.S. sanctions, according to consultants, shipping data and a source close to the matter, adding to global supply when other producers are limiting output.
Persons: Brent, Tamas Varga, Ahmad Ghaddar, Katya Golubkova, Emily Chow, David Goodman Organizations: NK Rosneft, West Texas, Reuters, of, Petroleum, Thomson Locations: United States, China, U.S, Russia, Saudi Arabia, Tokyo, Singapore
A number of major banks have cut their 2023 gross domestic product growth forecasts for China after May data last week showed the post-COVID recovery in the world's second-largest economy was faltering. The oil and gas rig count, an early indicator of future output, fell by 8 to 687 in the week to June 16, lowest since April 2022. , , . Earlier this month, OPEC+ had agreed on a new oil output deal. The group's biggest producer Saudi Arabia also pledged to make a deep cut to its output in July. Reporting by Katya Golubkova in Tokyo and Emily Chow in Singapore; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.
Persons: Brent, Tina Teng, PBOC, Edward Moya, Moya, Igor Sechin, Sechin, Katya Golubkova, Emily Chow, Tom Hogue Organizations: NK Rosneft, U.S, West Texas, People's Bank of China's, CMC Markets, Reuters, of, Petroleum, Thomson Locations: TOKYO, United States, China, U.S, Russia, OPEC, Saudi Arabia, Tokyo, Singapore
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