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☆ What do we know about Israeli killing of Hamas mastermind and what happens next?
▼ + stars: | 2024-10-18 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

The Israeli military previously surrounded Sinwar’s house and carried out an intensive assault on his hometown of Khan Younis, but could not find him. The troops returned fire with a tank, then flew a drone into the heavily damaged building, according to the Israeli military. Sinwar had been trying to escape to the north when he was killed, said another Israeli military spokesperson on Thursday. The talks involved senior figures from Israel, Hamas, the United States, Qatar and Egypt. Mohammed Sinwar recently took over as Hamas’ military commander, a senior Israeli official told CNN last month.

Persons: Yahya Sinwar, Ismail Haniyeh, Benjamin Netanyahu, Sinwar’s, Khan Younis, Sinwar, biometrics, Mohammed Salem, Majdal –, ”, Israel, ’, it’s, Mohammed Deif, Joe Biden, Netanyahu, Mohammed Sinwar, Mohammed, Hassan Nasrallah, “ Sinwar, Mumen Khalili Organizations: CNN, Hezbollah, Sinwar, REUTERS, US Department of State, European Union Locations: Israel, Lebanon, Hamas, Iran, Gaza, Rafah, Jerusalem's Al, Gaza City, Al, Ashkelon –, United Kingdom, France, bunkering, United States, Qatar, Egypt

☆ Who was Hamas leader Yahya Sinwar?
▼ + stars: | 2024-10-17 | by ( Kara Fox | Ivana Kottasová | ) edition.cnn.com time to read: +6 min

CNN —Hamas leader Yahya Sinwar, believed to be one of the architects of the militant group’s October 7, 2023, terror attack and Israel’s most wanted man, was killed in Gaza on Wednesday, according to the Israeli military. He was also viewed as a pragmatic political leader by some: In 2017, Hamas elected Sinwar as the political chief of its main decision-making body, the Politburo, in Gaza. At one of the protests, Sinwar applauded those facing “the enemy who besieges us.”As the group’s political leader, Sinwar focused on the group’s foreign relationships, forging important ties with regional Arab powers. Yahya Sinwar, center, with the late Hamas leader Ismail Haniyeh, left, take part in the funeral of senior militant Mazen Fuqaha in Gaza City on March 25, 2017. The talks involved senior figures from Israel, Hamas, the United States, Qatar and Egypt.

Persons: Yahya Sinwar, Sinwar, ”, Khan Younis, bunkering, Ismail Haniyeh, Hamas ’, Majdal –, Ashraf Amra, Shutterstock Sinwar, Gilad Shalit, “, –, Mazen, Mohammed Salem, Mohammed al, Masri, Mohammed Deif, Al, Marwan Issa Organizations: CNN, Hamas, Islamic University, Open University, European Council, Foreign Relations, Israel, Brigades, US Department of State, European Union Locations: Gaza, Tehran, Al, Ashkelon –, Aqsa, Palestine, Gaza City, Israel, Israeli, Italian, Islam, Iran, United States, Qatar, Egypt, United Kingdom, France

☆ Singapore races to clean oil spill as luxury beach resort coated in slick
▼ + stars: | 2024-06-16 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

CNN —An oil spill affecting Singapore has spread beyond a luxury beach resort to a marine reserve and other parts of the island as the authorities intensify cleanup efforts. The oil spilled into the city-state’s waters after a Netherlands-flagged dredger, Vox Maxima, hit Singapore-flagged bunker vessel, Marine Honor, on Friday afternoon, according to the Maritime and Port Authority of Singapore. The oil spill has spread from the busy Pasir Panjang Terminal cargo port, less than 10 kilometers (six miles) from Sentosa, the country’s popular resort island home to luxury hotels, golf courses and Universal Studios Singapore. Oil covers Sentosa's Tanjong Beach in Singapore on June 16, 2024. Measuring about 13 kilometers long (8 miles) long, 19 kilometers (11.8 miles) wide and dotted with several small islands, it is one of the world’s busiest commercial waterways where around 1,000 ships pass through every day.

Persons: Vox Maxima, Hari Raya Haji, John’s, Lazarus, Kusu, Roslan Rahman Organizations: CNN, Maritime, Port Authority of, Universal Studios Singapore, National Parks Board, Friends, Marine, Getty Images Authorities, Marine Stewards Locations: Singapore, Netherlands, Port Authority of Singapore, Pasir Panjang, Sentosa, Hari, Tanjong, Palawan, Siloso, St, Beach, AFP, China

Israeli assets and the shekel remain under pressure and oil and gold prices are marginally higher than last week. World Markets Impact From MidEast Attacks WanesBlackRock chart on its Geopolitical Risk IndicatorNOWHERE TO RUN TO... Last updated shortly before the weekend events in Israel, BlackRock's Geopolitical Risk Indicator - which attempts to capture market attention to political risks - had indeed crept up to six month highs. Releasing its World Economic Outlook on Tuesday, the International Monetary Fund warned that more volatile commodity prices were a possible reflection of both greater climate and geopolitical risk. And yet hand wringing about geopolitical risk in different corners of the globe can also deflect from rising political risks in core economies - not the least in the United States.

Persons: Brendan McDermid, Vincent Mortier, Anna Rosenberg, Kristina Hooper reckons, Hooper, that's, It's, Amundi's Rosenberg, Pierre, Olivier Gourinchas, Gourinchas, Josie Kao Organizations: New York Stock Exchange, REUTERS, West Bank, International Monetary Fund, IMF, Treasury, Reuters, Thomson Locations: New York City, U.S, Israel, Gaza, Iran, United States, Saudi Arabia, Russia, China, Taiwan, Ukraine

☆ China is swing factor in diesel’s global squeeze
▼ + stars: | 2023-10-05 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

As demand enters peak season, Xi’s ability to dictate how much Chinese oil companies export looks like the key swing factor. Reuters Graphics Reuters GraphicsGlobally, demand for diesel and gasoil is around 28 million barrels per day (bpd), according to the International Energy Agency. Of the world’s 8 million bpd export flows, Russia exported on average 1 million bpd in the nine months to September, according to consultancy Vortexa. Even so, China last year overtook the United States as the world’s biggest refiner, with total refining capacity of 18.4 million bpd. That would limit Chinese exports to below 400,000 bpd, according to Vortexa, adding to tightness elsewhere.

Persons: Vladimir Putin, Xi, Sun, Brent, George Hay, Oliver Taslic Organizations: Reuters, Reuters Graphics Reuters, International Energy Agency, Longzhong, Bloomberg, Thomson Locations: Saudi, U.S, Singapore, El, Russia, Vortexa, China, United States, Europe, Beijing, Moscow

TASS news agency cited Energy Minister Nikolai Shulginov as saying the government "at all levels" had been discussing partial permission for fuel exports. Europe could also fill some of the gap left by the Russia gasoline ban. Northwest European suppliers, which lost market share in West Africa to Russian supplies this year, could step in, FGE said. Since banning Russian fuel imports, Europe has been seeking suppliers elsewhere, including from the Middle East. As a result, traders said they expected Northeast Asian refiners in China and South Korea to boost diesel exports to Europe.

Persons: Tatiana Meel, Alexander Novak, Vortexa, Nikolai Shulginov, JP Morgan, FGE, Edmund Blair, Mark Potter Organizations: REUTERS, Traders, Kremlin, Kommersant, TASS, Analysts, FGE Energy, WHO, BE, European Union, Gulf, Diesel, Northwest, Competition, Thomson Locations: Nakhodka Bay, Nakhodka, Russia, LONDON, SINGAPORE, Soviet, United States, Ukraine, Europe, Brazil, Turkey, North, West, East, Gulf, gasoil, India, Africa, Kpler, U.S, Gulf Coast, America, West Africa, China, South Korea

☆ Oil prices edge higher as markets focus on supply tightness
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: +2 min

An aerial view of a crude oil storage facility is seen on May 4, 2020 in Cushing, Oklahoma. Oil prices ticked up in early trade on Wednesday, as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy. Brent crude futures rose 33 cents, or 0.4%, to $94.29 a barrel by 0015 GMT, while U.S. West Texas Intermediate crude futures climbed 31 cents, or 0.3%, to $90.70. Industry data released on Tuesday showed U.S. crude oil stockpiles rose last week by about 1.6 million barrels, against analysts' expectations for a drop of about 300,000 barrels. However, markets continued to worry about U.S. crude stockpiles at the key Cushing, Oklahoma, storage hub falling below minimum operating levels.

Persons: Cushing, Neel Kashkari Organizations: Brent, U.S, West Texas, Organization of, Petroleum, Russian Railways, Minneapolis Federal Reserve Bank, of England, Senate, Republicans Locations: Cushing , Oklahoma, U.S, Oklahoma, Cushing, Russia, Minneapolis

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

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

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

The diesel ban will have the biggest impact because Russia is the world's top seaborne exporter of the fuel, just ahead of the United States. Europe could also fill some of the gap left by the Russia gasoline ban. Northwest European suppliers, which lost market share in West Africa to Russian supplies this year, could step in, FGE said. Since banning Russian fuel imports, Europe has been seeking suppliers elsewhere, including from the Middle East. As a result, traders said they expected Northeast Asian refiners in China and South Korea to boost diesel exports to Europe.

Persons: Alexey Malgavko, Vortexa, JP Morgan, said.Turkey, FGE, Edmund Blair Organizations: Traders, Kremlin, FGE Energy, WHO, BE, European Union, Gulf, Diesel, Northwest, Competition, Thomson Locations: Omsk, Russia, LONDON, SINGAPORE, Soviet, United States, Ukraine, Europe, Brazil, Turkey, North, West, East, Gulf, gasoil, India, Africa, Kpler, U.S, Gulf Coast, America, West Africa, China, South Korea

Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer Acquire Licensing RightsCompanies Baker Hughes Co FollowLONDON, Sept 25 (Reuters) - Oil prices held steady on Monday after Russia relaxed its fuel ban, taking the edge off earlier gains on a tighter supply outlook and wariness over interest rates that could curb demand. Russia approved some changes to its fuel export ban, lifting the restrictions for fuel used as bunkering for some vessels and diesel with high sulphur content, a government document showed on Monday. Crude prices fell last week after a hawkish Federal Reserve rattled global financial markets and raised concerns over oil demand. However, analysts flagged that oil prices face technical resistance at the November 2022 highs reached hit last week.

Persons: Stringer, Baker Hughes, Tony Sycamore, IIR, Goldman Sachs, Paul Carsten, Mohi Narayan, Florence Tan, Louise Heavens, David Goodman Organizations: REUTERS, Brent, . West Texas, Federal Reserve, Northern, IIR Energy, Thomson Locations: Heilongjiang province, China, Russia, Saudi Arabia, Moscow, United States, London

☆ Russia lifts export ban on low-quality diesel, marine fuel
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

It also lifted restrictions on the export of fuel already accepted for export by the Russian Railways and Transneft (TRNF_p.MM) before the initial ban had been announced last week. The ban on all types of gasoline and high-quality diesel remains in place. Russia in recent months has suffered shortages of gasoline and diesel. Wholesale fuel prices have spiked, although retail prices are capped to try to curb them in line with official inflation. The crunch has been especially painful in some parts of Russia's southern breadbasket, where fuel is crucial for gathering the harvest.

Persons: Dado Ruvic, Vladimir Soldatkin, Gareth Jones Organizations: REUTERS, Russian, Russian Railways, Kremlin, Thomson Locations: MOSCOW, Russia, breadbasket

A view of Chevron-operated Gorgon project on Barrow Island, Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. “Unfortunately, following numerous meetings and conciliation sessions with the Fair Work Commission, no agreement has been reached as the unions are asking for terms significantly above the market," a Chevron spokesperson said in a statement. "Until we have some case law, until we get some Fair Work Commission decisions on how the laws work, we don't know (how long the process will take)," said Shae McCrystal, a professor of labour law at the University of Sydney Law School. A subsidiary of airline Virgin Australia made the only other application under these laws in June, local media reported. No talks are scheduled between unions and Chevron, according to the FWC website.

Persons: Shae McCrystal, Roushni Nair, Lewis Jackson, Jamie Freed, Michael Perry Organizations: Reuters, Chevron, Handout, REUTERS, Fair, University of Sydney Law School, Virgin Australia, Offshore Alliance, Thomson Locations: Chevron, Barrow Island, Australia, Chevron Australia, Melbourne, U.S, Bengaluru, Sydney

☆ Eni to become latest energy giant to exit Nigerian onshore operations
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

Sept 4 (Reuters) - Italy's Eni (ENI.MI) signed on Monday an agreement to sell its unit Nigerian Agip Oil Company (NAOC) to Nigerian counterpart Oando (OANDO.LG), the group said in a statement, in the latest move by an energy giant out of the country. Eni's NAOC, which focuses on oil and gas exploration and production, has interests in four onshore blocks and two onshore exploration leases in Nigeria, the group said. Similar approvals have been held back by legal and political issues in Exxon's and Shell's assets sales. After the disposal of NAOC, in line with the firm's 2023-2026 plan, Eni will retain the unit's 5% stake in the Shell Production Development Company (SPDC) joint venture operated by Shell, the group added. Reporting by Alessandro Parodi; additional reporting by MacDonald Dzirutwe and Libby George; editing by Gianluca Semeraro and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Italy's Eni, Eni's, Jefferies, Alessandro Parodi, MacDonald Dzirutwe, Libby George, Gianluca Semeraro, Louise Heavens Organizations: Italy's, Agip Oil Company, Shell, Exxon Mobil Corp, Eni, Shell Production Development, Thomson Locations: Nigeria, Exxon's

"The main issue with methanol at this stage is increasing access and the scale of green production," Peter Lye, global head of shipping at Anglo American, said. Reuters GraphicsNetherlands-based OCI, which supplied green methanol to Maersk's first ship, can produce up to 200,000 tpy of the renewable fuel. Bashir Lebada, CEO of OCI's methanol and fuels business, said the vessel orders have given suppliers a confidence boost in advancing their green methanol projects even though production is "very small" now. Most green methanol projects are located in China, northern Europe and North America - far from major bunker hubs Singapore and the United Arab Emirates, creating a logistical gap. Within Asia, South Korea and China are set to increase their capacity to fuel ships with green methanol.

Persons: A.P . Moller, Moller, Emma Mazhari, Rashpal Singh Bhatti, we're, Peter Lye, Greg Dolan, Bashir Lebada, Anita Gajadhar, Jeslyn Lerh, Jacob Gronholt, Johannes Birkebaek, Florence Tan, Barbara Lewis Organizations: Reuters, Maersk, Handout, REUTERS, Container, A.P, CMA, Apple, Nike, Adidas, Walmart, Global, Reuters Graphics, United Arab, Pedersen, Thomson Locations: SINGAPORE, COPENHAGEN, South Korea, Reuters Graphics Netherlands, China, Europe, North America, Singapore, United Arab Emirates, Chile, Argentina, Asia, Copenhagen

☆ Ex-McDonald's in Russia feeds waste cooking oil to fuel Gazprom Neft's vessels
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +2 min

ST PETERSBURG, Russia, July 20 (Reuters) - Russia's successor to McDonald's has teamed up with energy company Gazprom Neft (SIBN.MM) to fuel marine vessels with biofuel produced using waste cooking oil an effort to lower their carbon footprints, the companies said on Thursday. Russia has said it was still committed to its climate targets despite the deepest political rift with the West in decades. It said the new fuel is in compliance with technical regulations and can be used for most sea and river vessels. Vkusno & tochka already supplies waste cooking oil for production of biofuel used for heating of electric-powered buses in Moscow and has been recycling used cooking oil for over a decade. Irina Korshunova, in charge of sustainable development at Vkusno & tochka, said the company processes around 5,500 tonnes of waste cooking oil each year.

Persons: McDonald's, Gazprom Neft Marin Bunker, Anton Soboled, Irina Korshunova, Olesya Astakhova, Vladimir Soldatkin, Alexander Marrow, Angus MacSwan Organizations: Gazprom Neft, Biofuels, Gazprom Neft's, Thomson Locations: PETERSBURG, Russia, Baltic, St . Petersburg, McDonald's, Ukraine, Moscow

☆ PlayStation, treasure hunts and natural wonders: What life is like onboard a giant oil tanker
▼ + stars: | 2023-05-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +9 min

The movies, which feature ambushes, looting and a drunken captain, are far from real life, according to shipping veteran Ralph Juhl. The crew on board an oil tanker operated by Hafnia. Where the ship goes depends on where the demand for oil is and Dixon has sailed to every continent bar Antarctica, he said. An aurora borealis light display in the southern part of Norway, one of the natural spectacles seen by oil tanker captain DSA Dixon during his seafaring life. Oil tanker crew prepare mooring ropes to secure a bunker barge to their vessel for refueling.

The trade also provides a way to get Russian oil to market and bring much-needed export earnings to Moscow. "We've been looking at Russian fuel oil since December. China's total fuel oil imports surged to about 1.76 million tonnes in December, highest since September 2021, official customs data showed. Fuel oil imports from blending hubs trend higher"The deep discounts offered are driving the trend as independent refiners are price sensitive. Asia will continue to soak up cheaper Russian (fuel oil) barrels on top of crude," Jamil said.

Jan 17 (Reuters) - Montfort has emerged as the top bidder for Uniper Energy's oil refinery in the UAE that produces low-sulphur fuel oil for the shipping industry, multiple sources familiar with the matter said this week. The companies are finalising the deal, some of the sources said, although one source said the deal has been closed. Other companies that were also in the running were Vitol and BB Energy, the sources said. The Fujairah plant processes mainly African sweet, or low-sulphur, crude oil, producing about 5 million tonnes per year of very low-sulphur fuel oil (VLSFO), according to Uniper and Refinitiv data. Montfort has a bunker supplier licence in Fujairah under the entity of Montfort Trading FZE.

☆ Singapore 2022 bunker fuel sales dip 4.3% y/y to 47.9 mln tonnes
▼ + stars: | 2023-01-13 | by ( Jeslyn Lerh | ) www.reuters.com time to read: +2 min

SINGAPORE, Jan 13 (Reuters) - Sales of marine fuel in Singapore, including sales of liquefied natural gas and biofuels, fell 4.3% year-on-year to 47.9 million tonnes in 2022, official data showed on Friday. Bunkering sales of low-sulphur fuel oils (LSFO) were down 8.3% from the previous year to 30.1 million tonnes in 2022, Reuters calculations based on data from the Maritime and Port Authority of Singapore (MPA) showed. Total high-sulphur fuel oil (HSFO) sales for bunkering were up 6.2% from the previous year to 13.7 million tonnes in 2022, while sales of marine gasoils (MGO) dipped 6.2% to 3.8 million tonnes in 2022. Bunker sales of biofuel blends reached 140,000 tonnes with more than 90 biofuel bunkering operations completed in Singapore, surpassing bunker sales of liquefied natural gas (LNG) which totalled 16,000 tonnes, the MPA said. A total of 577.7 million tonnes of cargo was handled in 2022, with vessel arrival tonnage hitting 2.83 billion gross tonnage (GT).

☆ COP27: UAE and Egypt agree to build one of world's biggest wind farms
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +3 min

The Memorandum of Understanding was signed between the UAE's renewable energy firm Masdar alongside its joint venture with Egypt's main renewable energy developer Infinity and Hassan Allam Utilities, the statement on news agency WAM said. "With this agreement to develop our largest ever project, Masdar is proud to bolster our contribution to Egypt's renewable energy goals," Masdar's CEO Mohamed Jameel al-Ramahi said. When completed, the wind farm would be part of Egypt's Green Corridor initiative, a grid dedicated to renewable energy projects that is aimed at ensuring renewable energy makes up 42% of the country's energy mix by 2035. The wind project would save Egypt an estimated $5 billion in annual natural gas costs, the statement said. Egypt's total installed power capacity was around 59.5 GW in 2019/2020, the country's renewable energy authority said in an annual report.

☆ Amazon has frozen headcount at its growing advertising business, after it posted a glum fourth-quarter outlook amid slowing sales: reports
▼ + stars: | 2022-11-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Amazon has frozen headcount at its growing advertising business, Bloomberg reported on Tuesday. Amazon has frozen headcount at its growing advertising business, Bloomberg reported on Tuesday, citing a person familiar with the matter. A hiring freeze at Amazon's fast-growing ad business is important, because it underscores the fact that the company is doubling down on profitability. Although advertising isn't Amazon's largest business, it's one of the e-commerce giant's fastest-growing areas, Insider reported in August. In the third quarter of 2022, Amazon's ad business grew 25% to $9.55 billion in the third quarter of 2022 from a year ago.

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