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☆ Oil prices firm as geopolitical tensions raise supply concerns
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: +2 min

A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru, on Wednesday, Dec. 13, 2023. Oil prices edged higher on Thursday due to supply concerns triggered by escalating geopolitical tensions amid the ongoing war between Russia and Ukraine. Gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw. Adding to supply, Norway's Equinor said it had restored full output capacity at the Johan Sverdrup oilfield in the North Sea following a power outage. However, a slowdown in Chinese and global demand, coupled with rising output outside the group, have potentially thwarted this plan.

Persons: Norway's Equinor, Johan Sverdrup Organizations: del, del Peru SA Talara, Brent, . West Texas, Storm, ATACMS, Energy Information Administration, Organization of, Petroleum Locations: del Peru, Piura, Peru, Russia, Ukraine, Moscow, Kyiv, OPEC

☆ Pope expels a bishop and 9 other people from a Peru movement over ‘sadistic’ abuses
▼ + stars: | 2024-09-25 | by ( Associated Press | Claudia Rebaza | ) edition.cnn.com time to read: +6 min

VATICAN CITY Associated Press —Pope Francis took the unusual decision Wednesday to expel 10 people – a bishop, priests and laypeople – from a troubled Catholic movement in Peru after a Vatican investigation uncovered “sadistic” abuses of power, authority and spirituality. It was announced by the Peruvian Bishops Conference, which posted a statement from the Vatican embassy on its website. The statement was astonishing because it listed abuses uncovered by the Vatican investigation that have rarely if ever been punished canonically — such as hacking someone’s communications — and cited the people the pope held responsible. Victims of Figari’s abuses complained to the Lima archdiocese in 2011, though other claims against him reportedly date to 2000. The investigation, published in 2017, found that Figari sodomized his recruits and forced them to fondle him and one another.

Persons: CITY Associated Press — Pope Francis, –, Francis ’, Luis Figari, ”, Figari, Pedro Salinas, Paola Ugaz, Sodalitium, Jordi Bertomeu, Charles Scicluna, Martin Mejia, Jose Antonio Eguren, Francis, Salinas, “ Organizations: CITY Associated Press, Peruvian Bishops Conference, CNN, South, Catholic, Maltese, Associated Press Locations: Peru, Vatican, America, South America, United States, Lima, Rome, Spain, Malta, Lima , Peru, Figari, Piura, Ugaz, Eguren’s, Peruvian

☆ Brent rises on Middle East war, while WTI dips ahead of inventories report
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: +1 min

Brent crude futures edged up in early trade on Thursday as Israeli tanks advanced into Gaza, while U.S. crude futures dipped on the prospect of swelling oil inventories. Brent crude futures for August delivery rose 8 cents to $85.15 a barrel by 0008 GMT. WTI crude, meanwhile, slipped ahead of the U.S. government's oil inventories report, which was delayed by a day due to the national holiday. The Energy Information Administration is due to release last week's oil stocks data at 11 a.m. EDT (1500 GMT) on Thursday. An industry report release on Tuesday showed U.S. crude stocks rose by 2.264 million barrels in the week ended June 14, market sources said, citing American Petroleum Institute figures, while gasoline inventories fell.

Organizations: del, del Peru SA Talara, Brent, . West Texas, U.S, Energy Information Administration, American Petroleum Institute Locations: del Peru, Piura, Peru, Gaza, Rafah

☆ Oil prices rise as U.S. official eases market concerns over economic headwinds
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: +1 min

A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru, on Wednesday, Dec. 13, 2023. Treasury Secretary Janet Yellen told Reuters on Thursday that U.S. economic growth was likely stronger than suggested by weaker-than-expected quarterly data. Data showed that economic growth slowed in the first quarter, and prior to Yellen's comments, tremors from an acceleration in inflation had weighed on oil prices as investors calculated that the Federal Reserve would not cut interest rates before September. Personal consumption expenditures inflation data for March will be released on Friday, closely tracked by the Fed for its 2% target. Elsewhere, supply concerns as geopolitical tensions continue in the Middle East also buoyed prices early in the session.

Persons: Janet Yellen, Yellen, Israel Organizations: del, del Peru SA Talara, U.S . Treasury, Brent, U.S . West Texas, Reuters, Federal Reserve, Fed Locations: del Peru, Piura, Peru, U.S, Gazan

☆ Oil down in thin trade as U.S. gears up for Presidents' Day
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: +2 min

A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru, on Wednesday, Dec. 13, 2023. Oil prices edged down on Monday morning as markets digested comments from U.S. Federal Reserve officials pointing to a more patient stance regarding potential interest rate cuts, in thin early trade on what is a public holiday in the United States. U.S. West Texas Intermediate crude was 35 cents, or 0.44%, lower at $78.84 at 0138 GMT. Markets are yet to see the direction of demand from China after that country returns from a week-long Lunar New Year holiday, while Presidents' Day in the United States is set to keep trade relatively muted. Higher rates keep up the cost of buying oil, providing for a bearish market trend.

Persons: Brent, Alexei Navalny, Vladimir Putin's Organizations: del, del Peru SA Talara, U.S . Federal, . West Texas, Yemen's, of, Petroleum, ANZ Research, International Energy Agency, ANZ, United Nations Security Council Locations: del Peru, Piura, Peru, U.S, United States, China, Gaza, Yemen's Iran, India, Algerian, Israel, Europe, Russia, Ukrainian, Avdiivka, Moscow

☆ Oil edges up with slim progress in Gaza peace talks
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: +1 min

A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru, on Wednesday, Dec. 13, 2023. Oil prices rose on Thursday after Israel rejected a ceasefire offer from Hamas, as talks continued to try to end the Gaza conflict and wider Middle East tensions that have kept the market on edge since October. A Palestinian Hamas delegation led by senior official Khalil Al-Hayya was due to travel on Thursday to Cairo for ceasefire talks with Egypt and Qatar. On the demand side, a much stronger-than-expected drawdown in gasoline stocks in the U.S. reported on Wednesday continued to buoy the market. The U.S. Energy Information Administration reported U.S. gasoline stocks fell by 3.15 million barrels last week compared with analysts' estimates for a build of 140,000 barrels.

Persons: Israel, Benjamin Netanyahu, Antony Blinken, Khalil Al, Hayya Organizations: del, del Peru SA Talara, Brent, . West Texas, Hamas, U.S . Energy Information Administration, ANZ Research Locations: del Peru, Piura, Peru, Gaza, Palestinian, Cairo, Egypt, Qatar, U.S

☆ Oil edges up on smaller US output growth estimates
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: +1 min

A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru, on Wednesday, Dec. 13, 2023. Oil prices ticked higher on Wednesday, as growth in U.S. oil production is expected to remain largely steady through 2025, easing worries of excess supply. The EIA also cut its forecast for domestic oil output growth in 2024 by 120,000 barrels per day (bpd) to 170,000 bpd, sharply lower than last year's output increase of 1.02 million bpd. U.S. government data on oil inventory will be released later on Wednesday. U.S. crude stocks are expected to have risen 1.9 million barrels in the last week as production recovered from a cold freeze and refiners started maintenance.

Organizations: del, del Peru SA Talara, Brent, U.S, West Texas, U.S . Energy Information Administration, EIA, Hamas, Traders Locations: del Peru, Piura, Peru, ., U.S, Israel, Gaza, Iranian, Suez, Asia, Europe

☆ The mosquito era: As the world warms, these insects are thriving – and bringing disease
▼ + stars: | 2023-06-29 | by ( Laura Paddison | ) edition.cnn.com time to read: +9 min

James Gathany/CDC/Handout/ReutersWhile serious mosquito-borne diseases remain rare in the US, other countries are not so lucky. While scientists are yet to assess the role climate change has played in the outbreak, Carlson said the links seem clear. But the shift of mosquito-borne diseases into regions like the US and Europe is still likely to be a shock. Scientists are working to develop tools to be able to better assess the link between mosquito-borne diseases and climate change. The path the world takes on reducing planet-heating pollution will lead to very different futures for mosquito-borne diseases, Brady said.

Persons: it’s, Edgar Su, ”, Oliver Brady, –, James Gathany, Colin Carlson, Carlson, I’m, Ernesto Benavides, Celine Gossner, ” Brady, “, Shannon LaDeau, they’ve, ” LaDeau, Jon Cherry, Gossner, Brady Organizations: CNN, US Centers for Disease Control, London School of Hygiene, Medicine, Climate Central, Georgetown University, Getty, European Centre for Disease Prevention, Carey Institute of Ecosystems Studies, Louisville Metro Department of Health, Wellness Locations: United States, Singapore, zika, West, Saharan Africa, Peru, Piura, AFP, Europe, “, Western Europe, China, Texas , Florida, Hawaii, Arizona, India, Louisville , Kentucky, Florida

☆ Cyclone in Peru causes major flooding, at least six dead
▼ + stars: | 2023-03-12 | by ( ) www.reuters.com time to read: +1 min

The government has declared a state of emergency as it seeks to bring relief to regions of Peru hard hit by the cyclone known as Yaku, which include Lambayeque, Piura and Tumbes. Early on Friday, the National Institute of Civil Defense (INDECI) said flooding caused by Yaku had claimed six lives. [1/5] Machinery is used to repair a bridge destroyed by rains and floods caused by direct influence of Cyclone Yaku, in Piura, Peru March 11, 2023. Peru has been riven by instability and anti-government protests over the past few months since Congress removed former President Pedro Castillo from power in December. His replacement, President Dina Boluarte, visited parts of northern Peru on Saturday as the government delivered humanitarian aid to areas badly hit by the cyclone.

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