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Jordan Neely died from the “combined effects” of a number of a factors, not a chokehold, a forensic pathologist hired by Daniel Penny’s attorneys testified Thursday. Penny is charged with manslaughter and criminally negligent homicide in the chokehold death of Neely on a New York City subway train in May 2023. Penny, 26, who was a passenger on the train, put Neely in a chokehold and took him to the ground. Chundru said he did not believe that Neely died of a chokehold or that Penny had applied consistent and sufficient pressure to render him unconscious. Chundru said he believed Neely died from “the combined effects of sickle cell crisis, the schizophrenia, the struggle and restraint and the synthetic marijuana” that was in his system.

Persons: Jordan Neely, Daniel Penny’s, Penny, Neely, Satish Chundru, Dr, Cynthia Harris, Chundru, “, Andre Zachary, Andrew Savulich, Harris, ”, Steven, Dafna Yoran, Yoran, Jacqueline Penny, neighborly, Gina Flaim, Penny’s, Eric Gonzalez, Gonzalez Organizations: Prosecutors, TNS, Getty, National Association of Medical, Marines Locations: New York City, Florida, Texas, New York, Manhattan, West Islip, Long, Queens

After having called more than 30 witnesses, the prosecution in the manslaughter trial of Daniel Penny, who is charged in the chokehold death of Jordan Neely, rested its case Monday. Penny put him in a chokehold that lasted about six minutes, prosecutors have said and evidence presented at trial has shown. Penny’s attorneys have said he acted to protect himself and other subway riders from “a seething, psychotic” Neely. Again and again, Harris answered that she believed the chokehold was the most probable cause of Neely’s death. Harris testified Friday that she based her ruling on her autopsy findings, coupled with the video and the investigative information about it.

Persons: Daniel Penny, Jordan Neely, Penny, Neely, ” Neely, Andrew Savulich, Cynthia Harris, Steven, Harris, ” Harris, Jacqueline Penny, ”, Alexandra Fay, Penny’s Organizations: Prosecutors, Republican, TNS, Getty, Marines Locations: “, New York City, West Islip, Long, neighborly, Miami

“It’s my medical opinion that there are no alternative reasonable explanations for Mr. Neely’s death,” the medical examiner, Dr. Cynthia Harris, told jurors. The medical examiner testified that Neely died of asphyxiation. Attorneys for Penny, who is also charged with criminally negligent homicide, have refuted the medical examiner’s findings. One of those detectives testified under cross examination that neither he nor the other detective had told Penny that Neely was dead when they interviewed him. Gonzalez said that after he held Neely’s wrist, he told Penny: “You can let him go.

Persons: Jordan, Daniel Penny, Neely’s, Cynthia Harris, Harris, Penny, Neely, Thomas Kenniff, ”, Jordan Neely, Andrew Savulich, — Neely, “, Dafna Yoran, Joseph Caballer, Caballer, ” Caballer, Eric Gonzalez, Gonzalez Organizations: Marine, Marine Corp, TNS, Getty, Prosecutors, Marine Corps Locations: New York City

☆ Bodycam video shows NYPD finding Jordan Neely motionless on floor of subway car
▼ + stars: | 2024-11-02 | by ( ) edition.cnn.com time to read: 1 min

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Daniel Penny went “way too far” when he put Jordan Neely in a chokehold on a New York City subway train last year until he died, a Manhattan prosecutor told jurors Friday during opening statements in Penny’s manslaughter trial. “A chokehold is only permitted when it’s absolutely necessary and only for as long as it’s absolutely necessary,” Yoran told jurors. He talked about being hungry, thirsty and made threats about hurting people and wanting to go back to jail, which frightened people on the train, Yoran said. In addition to opening statements, jurors on Friday heard from three police officers who had responded to the subway car. Kenniff said jurors also would hear during the trial from subway riders who had feared for their lives.

Persons: Daniel Penny, Jordan Neely, Dafna Yoran, Neely, ” Yoran, ” Penny, Michael Jackson, Marine Daniel Penny, Yuki Iwamura, Yoran, Penny, ”, Thomas Kenniff, Kenniff, ” Kenniff, Andrew Savulich, laud, Maxwell Wiley Organizations: Marine, Getty, TNS, Narcan Locations: New York City, Manhattan, AFP

Obama focuses his campaign outreach on young Black men. Jeff Swensen / Getty ImagesWill Obama’s outreach to young Black men help Harris?Former President Barack Obama has been on the campaign trail for Kamala Harris, aiming to shore up her support among young Black men. Democrats have been unnerved by recent polls that show Harris’ numbers sagging among Black voters, particularly young men. One of Obama’s tasks leading up to Election Day is to persuade Black men that voting for Donald Trump would be a grievous mistake. 🙌 Russell Wilson made his Steelers debut on “Sunday Night Football” and led Pittsburgh to a 35-17 win against the New York Jets.

Persons: Obama, Sean “ Diddy ” Combs, Jeff Swensen, Harris, Barack Obama, Kamala Harris, It’s, Donald Trump, ”, hasn’t, “ They’re, He’s, podcasters, Read, Trump, ➡️ Harris, Al Sharpton, Mark Cuban, ➡️ Trump, Israel Aaron Schwartz, Michael M, Daniel Penny, Jordan Neely, Penny, Neely, Michael Jackson, Sean, Diddy, Combs, Lucas Jackson, Tony Buzbee, NFL Cary Edmondson, Russell Wilson, ’, Jayden Daniels, Greg Rosenstein, 🙌, aron, odgers,, alo, bea u, lea Organizations: Black, of Arizona, NBC, Trump, MSNBC, Getty, U.S, New York City, NBC News, NFL, Steelers, Jets, Pittsburgh, ards Locations: New York, Los Angeles, Philadelphia, peppering, Iran, Lebanon, New York City, Texas, hol

Prosecutors do not dispute that Neely was acting in an aggressive manner, they said in court documents. Video shows Penny wrapping his legs around Neely’s body as the pair are on the floor of the train car. Raiser said the defense plans to dispute that Penny had Neely in a chokehold at all. Hochul’s announcement came a week after a passenger had slashed a subway conductor in the neck and following other crimes in the subway system. And subway crime was down 5.1% year to date through the end of September, the police department said.

Persons: Daniel Penny, Jordan Neely, Penny, Neely, Michael Jackson, Andrew Savulich, Steven, “, ”, Neely “, ” Penny, Kathy Hochul Organizations: New York City, New York, Police, TNS, Getty, Prosecutors, Marine Corps, Broadway, Lafayette Station, New York Gov, National Guard, Metropolitan Transportation Authority, New York Police Department, NYPD Locations: New York, New York City, Manhattan, excessiveness, Long

☆ Daniel Penny to stand trial as jury selection begins in NYC subway chokehold death
▼ + stars: | 2024-10-21 | by ( Nbc New York | ) www.nbcnews.com time to read: +4 min

Jury selection begins Monday in the trial of Daniel Penny, a retired Marine charged in the deadly subway chokehold of Jordan Neely. A conviction for criminally negligent homicide would require the jury to find that Penny unjustifiably put Neely at risk of death, but failed to perceive that risk. Prosecutors have said the chokehold, which Penny held for several minutes, killed Neely, a 30-year-old homeless man and former Michael Jackson impersonator. Officers could be seen saying he had a faint pulse, and then shown giving him CPR about four minutes after they arrived. Officers could be seen saying he had a faint pulse, and then shown giving him CPR about four minutes after they arrived.

Persons: Daniel Penny, Jordan Neely, Penny, Neely, Michael Jackson, Penny unjustifiably, Black, Andrew Savulich, “ I’m, “, ” Daniel Penny, Yuki Iwamura, ”, Miranda Organizations: Tribune, Service, Getty, Marine, Prosecutors, Manhattan, Marine Corps Locations: Manhattan, New York City, Long, AFP

☆ A complete timeline of 'The Secret Lives of Mormon Wives' star Taylor Frankie Paul and Dakota Mortensen's relationship
▼ + stars: | 2024-09-13 | by ( Palmer Haasch | Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +9 min

Read previewTaylor Frankie Paul and Dakota Mortensen's rocky relationship is finally coming to light after their appearance in "The Secret Lives of Mormon Wives" season one. That was the inciting incident that eventually led to "The Secret Lives of Mormon Wives." Taylor Frankie Paul was arrested while they were filming the first episode of "The Secret Lives of Mormon Wives." Spring 2024: Paul and Mortensen document their relationship difficulties on "The Secret Lives of Mormon Wives." On September 4, Paul appeared on "The Viall Files" podcast to address her previous scandals and her appearance on "The Secret Wives to Mormon Wives."

Persons: —, Taylor Frankie Paul, TikTok, Paul, Mortensen, Tate Paul, Tate, Disney, Pamela Littky Paul, Indy, she's, Taylor's, it's, Mortensen's, Ashley Rose Ramirez Paul, Neeley, Jenna, Neely, 6lbs, we've, I've, It's Organizations: Service, Business, Herriman City Police Department, Salt Lake Tribune, Daily Mail Locations: Dakota, Salt, Las Vegas

☆ A Marine vet fatally subdued a screaming man on a NYC subway. Now, a secret video has emerged — but there's a catch.
▼ + stars: | 2024-09-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. As Daniel Penny prepares for his October 21 manslaughter trial, this husband and wife have emerged as key but reluctant witnesses. "They have so far refused to share the video they took," the judge continued. Juan Alberto Vázquez/ReutersTo date, the judge noted, the pair has only agreed to meet with the DA a few times, via video. In a court filing on Monday, prosecutors conceded that there was a "synthetic cannabinoid present in his blood at autopsy."

Persons: —, who'd, Daniel Penny, Penny, Jordan Neely, Maxwell Wiley, Juan Alberto Vázquez, Thomas Kenniff, Kenniff, choke Neely, Neely, Michael Jackson, Dafna Yoran, Yoran Organizations: Service, Marine, Business, Reuters, Prosecutors Locations: Manhattan, New York City, Europe, United States, Long

☆ Advice about 401(k) rollovers is poised for a big change. Here's why
▼ + stars: | 2024-04-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Johner Images | Johner Images Royalty-free | Getty ImagesA new U.S. Labor Department rule will significantly change the advice many investors receive about rolling money over from 401(k) plans to individual retirement accounts, legal experts say. watch nowA 'major shift' in rollover adviceThe new Labor Department rule aims to make more investment recommendations "fiduciary" in nature. The new Labor Department rule changes that, however. Good advisors are likely making an honest effort to do what's best for their clients, but hopefully the Labor Department rule would "bring up the bottom to a better quality," Reish said. However, many financial companies dispute the necessity of the Labor Department rule.

Persons: Rollovers, Katrina Berishaj, Ronon Stevens, Young, it's, Reish, Berishaj, They'd, Susan Neely Organizations: . Labor Department, Department, Labor, Economic, Labor Department, Young, American Council of

☆ U.N. Agency in Gaza Says One in Three Children Under 2 Is Acutely Malnourished
▼ + stars: | 2024-03-16 | by ( March | At A.M. | ) www.usnews.com time to read: +2 min

(Reuters) - One in three children under age 2 in northern Gaza is now acutely malnourished and famine is looming, the main U.N. agency operating in the Palestinian enclave said on Saturday. "Children's malnutrition is spreading fast and reaching unprecedented levels in Gaza," the U.N. Hospitals in Gaza have reported some children dying of malnutrition and dehydration. Israel says it puts no limit on humanitarian aid for civilians in Gaza and blames slow aid delivery on incapacity or inefficiency among U.N. agencies. Israel has accused UNRWA of complicity with Hamas, saying some staff members took part in the Oct. 7 attack and calling for the agency to be dismantled.

Persons: Israel, Janez Lenarcic, Angus McDowall, Jason Neely Organizations: Reuters, Works Agency for Palestine Refugees, IPC, Air, UNRWA, Union Locations: Gaza, Israel, Cyprus

As some Guardian Angels began leaving Sliwa's side to attend to an off-screen disturbance, the camera panned to show them confronting an unidentified man, pushing him to the sidewalk and placing him in a headlock. The spokesperson did not respond to questions about whether any members of the Guardian Angels were under investigation for their role in the altercation. The incident came after a brawl in Times Square between police and a group of migrants generated waves of backlash against the city's asylum seekers. The Guardian Angels have been a fixture in New York since 1979 when Sliwa founded them to patrol the streets and subways during the city's high-crime days. City Councilmember Erik Bottcher, who represents the area around Times Square, said the group should not be detaining people without legal authority.

Persons: Curtis Sliwa, Sean Hannity, ” Sliwa, Hannity, Sliwa, ”, wouldn’t, Erik Bottcher, ” Bottcher, “, Jordan Neely, Daniel Penny Organizations: —, Guardian Angels, Fox News, Times, Yorker, New York Police Department, Police, Associated Press, U.S . Marine Locations: New York City, Bronx, New York, U.S

☆ I tried Buffalo-chicken-dip recipes from Pat Neely, Trisha Yearwood, and Claire Robinson. The best uses a whole rotisserie chicken.
▼ + stars: | 2024-02-07 | by ( Ted Berg | ) www.businessinsider.com time to read: +1 min

Yearwood's dip took a surprisingly long time to make. I simmered the chicken in hot sauce for about an hour, but after trying a piece, I didn't think this gave the meat that much flavor. All the work seemed a little redundant when the recipe called for adding more hot sauce to the mayo mixture anyway. Once the chicken had simmered, I combined this mixture with the sour cream, mayo, cheddar, and a quarter cup of blue cheese. I thought the directions took an odd turn when they said to serve the dip "with the chicken" in step four.

Persons: Ted Berg Locations: mayo, cheddar

☆ We've made 165 recipes from celebrity chefs to find the best ones. Here are the winners in each category.
▼ + stars: | 2024-01-26 | by ( Business Insider | ) www.businessinsider.com time to read: +39 min

Read previewBusiness Insider put the best recipes from celebrity chefs head-to-head to find the most delicious salads, desserts, bread, beverages, and more. AdvertisementRead more about the winning recipe and full battle here: I tried 3 celebrity chefs' recipes for blueberry pancakes, and the best used whipped egg whites. Read more about the winning recipe and full battle here: I made 4 celebrity chefs' recipes for overnight oats, and the best was served in a cantaloupe. This celebrity chef's garlic bread was buttery, spicy, and not at all soggyThe texture of Guy Fieri's garlic bread was spot-on. AdvertisementRead more about the winning recipe and full battle here: I tried 3 celebrity chefs' recipes for white sangria, and the best was also the prettiest.

Persons: —, Paige Bennett, Tiffany Leigh, Bennett's, Bennett, Carla Hall's microwaved, Bobby Deen's, Nancy, Nancy Fuller, Ina Garten's, Read, Ree Drummond, Alton Brown, Curtis Stone, Flay's, Paige Bennett Bobby Flay's, Guy, Guy Fieri's, Tiffany Leigh Fieri's, pico de gallo, Leigh, roja, Gordon Ramsay's, Paige Bennett Bennett, Giada De Laurentiis, Trisha Yearwood, Aarón Sánchez, Fieri's, Alex Guarnaschelli's, Alex Guarnaschelli, Rachel Ray, Paula Deen, Carla Hall's cornbread, Alton Brown's, dill, Sunny, Paige Bennett Garten, Anderson's coleslaw, Guy Fieri, Ina Garten, Sunny Anderson, Lucien Formichella, Brown, Bobby Flay, Keller's, Thomas Keller, Daniel Boulud, skillet, Rachael Ray's, Alfredo, Katie Lee Biegel's fettuccine, Chelsea Davis, Ree Drummond's, Giada de, Chelsea Davis Davis, Drummond, De Laurentiis, Laurentiis, Davis, Duff, Bobby Flay's, Gordon, Bobby, Flay, papayas, pecans, caramelized pecans, we've, Sandra, Sandra Lee's boozy, milkshake, minty, Geoffrey Zakarian's margarita, Geoffrey, Rachael Ray's negroni, Ina Garten's mulled, Bobby Flay's Bloody Mary, Geoffrey Zakarian's, Ina, Gina Neely, Rachael Ray, Guarnaschelli, Ray Organizations: Service, Business, Insider Hall, Garten, kiwis, Alton, cranberries Locations: scone, Worcestershire, Garten, mayo, cayenne, Buffalo, Swiss chard, Ree, Moscow

☆ Russian Prosecutors Seek to Nationalise Seized Car Dealership, Court Says
▼ + stars: | 2024-01-16 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

MOSCOW (Reuters) - Russia's Prosecutor General's Office has filed a lawsuit in a St Petersburg court seeking to nationalise car dealership Rolf, the court said late on Monday, just weeks after Moscow put the asset under the state's temporary management. St Petersburg's Moskovskiy District Court said it had accepted a lawsuit filed by prosecutors, which seeks the seizure of all shares in Rolf, Russia's largest car dealership, and affiliated companies as "property obtained in violation of anti-corruption legislation". Russian businessman Sergei Petrov, who owns Rolf, has long been accused by Russian authorities of illegally moving money abroad, charges he denies, and has had a warrant issued for his arrest. In December 2023, Russian President Vladimir Putin placed Rolf under temporary state management, a move the Kremlin said was driven solely by "economic expediency and compliance with current legislation". The court said prosecutors had asked the court to hand over all shares, should they be seized fully, to the state.

Persons: Rolf, Sergei Petrov, Vladimir Putin, Petrov, Gleb Stolyarov, Alexander Marrow, Jason Neely Organizations: General's, Kremlin, Reuters Locations: MOSCOW, St Petersburg, Moscow, Petersburg's Moskovskiy, Rolf, Russia's, Russian, Austria

☆ ChatGPT stole one of my clients that brought in up to $2,000 a month. I don't want to be cynical, but the writing is on the wall.
▼ + stars: | 2023-12-01 | by ( Elle Hardy | ) www.businessinsider.com time to read: +5 min

Andrew Neely is a freelance writer who lost a job when one of his clients started using AI. His work for this content-marketing firm used to bring in between $500 and $2,000 a month. Until this year, one of my clients was a small marketing firmI worked for a marketing firm for two years writing marketing copy. After losing between $500 and $2,000 a month, I hustled for a few months trying to find different work. I found new clients and am still exclusively doing writing work, but most of it is for social media.

Persons: Andrew Neely, He's, —, I've, ChatGPT, they'd, I'd, It's, I'm Organizations: Service, Solidarity, National Writers Union Locations: Denver

Saudi Arabia, Russia and other members of OPEC+ pump more than 40% of the world's oil, or some 43 million bpd. Two OPEC+ sources told Reuters a preliminary agreement has been reached for a cut of more than 1 million bpd. This would include Saudi Arabia extending the voluntary cut of 1 million bpd it has had in place since July plus additional contributions from other members, sources said. "It depends on other group participants, could be near or more," the third source said when asked about the possible 1 million bpd cut. The OPEC+ meeting coincides with the opening of the United Nations' COP28 climate summit being hosted by OPEC member the United Arab Emirates.

Persons: Dado Ruvic, Helima Croft, Alex Lawler, Olesya Astakhova, Maha El Dahan, Ahmad Ghaddar, David Goodman, Jason Neely Organizations: REUTERS, OPEC, Reuters, Saudi, Brent, RBC Capital Markets, International Energy Agency, United Nations, United, United Arab Emirates, Thomson Locations: OPEC, MOSCOW, DUBAI, Saudi Arabia, Russia, United Arab

☆ Dollar slips on bets US rates have peaked
▼ + stars: | 2023-11-24 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Currencies traded in a relatively narrow range with U.S. markets closing early the day after the U.S. Thanksgiving holiday. "I think what we're seeing is a classic case of the market taking the 'path of least resistance.'" The dollar index , which measures the U.S. currency with six peers, eased 0.4 % to 103.35 , staying close to the 2-1/2 month low of 103.17 touched earlier this week. German business morale improved for a third straight month in November, data showed.

Persons: Marcos Brindicci, Michael Brown, Jane Foley, Sterling, Saqib Iqbal Ahmed, Ankur Banerjee, Joice Alves, David Evans, Jason Neely, Richard Chang Organizations: REUTERS, U.S, Trader, P Global, Rabobank, Federal, ING, Thomson Locations: Buenos Aires, Argentina, London, Germany, Singapore

☆ Dollar eases on bets US rates have peaked
▼ + stars: | 2023-11-24 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. "I think what we're seeing is a classic case of the market taking the 'path of least resistance'," Brown said. The dollar index , which measures the U.S. currency with six peers, eased 0.3% to 103.43, staying close to the two-and-a-half month low of 103.17 it touched earlier this week. Elsewhere, the Japanese yen was about flat against the dollar at 149.53, after strengthening following data that showed Japan's core consumer price growth picked up slightly in October. Separate data showed German business morale improved for a third straight month in November.

Persons: Marcos Brindicci, Michael Brown, Brown, X's Brown, Sterling, Saqib Iqbal Ahmed, Ankur Banerjee, Joice Alves, David Evans, Jason Neely Organizations: REUTERS, U.S, Trader, P Global, Federal, ING, Thomson Locations: Buenos Aires, Argentina, London, U.S, Germany, Singapore

The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsLONDON/MOSCOW, Nov 24 (Reuters) - OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels, four OPEC+ sources told Reuters, after disagreements over those targets forced the group of oil-producing nations to postpone a key meeting. As of October, Angola was pumping less than its quota for 2024, according assessments by independent sources cited by OPEC. Nigeria is pumping close to its 2024 quota of 1.38 million bpd but less than a 2024 level of 1.58 million bpd being considered for it subject to independent assessments. The market is also waiting to see if Saudi Arabia extends its additional 1 million bpd voluntary production cut, which is due to expire at the end of December.

Persons: Leonhard Foeger, OPEC Gabriel Tanimu Aduda, Maha El, Jason Neely Organizations: Organization, REUTERS, Reuters, of, Petroleum, Brent, OPEC, Thomson Locations: OPEC's, Vienna, Austria, MOSCOW, Angola, Nigeria, Russia, OPEC, Saudi Arabia, Maha El Dahan, Dubai

☆ Amazon hit by strikes, protests across Europe during Black Friday
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +4 min

In England, more than 200 workers were striking on Friday at Amazon's warehouse in Coventry as part of a long-running dispute over pay. The striking workers were chanting their demand for a pay rise to 15 pounds ($18.69) an hour. [1/4]People hold a banner during a Black Friday strike outside the Amazon warehouse, in Coventry, Britain November 24, 2023. Spanish union CCOO called for Amazon warehouse and delivery workers to stage a one-hour strike on each shift on "Cyber Monday" next week. Amazon has remained popular in Europe even as rivals like Shein and Temu have seen rapid growth.

Persons: Amazon's, Verdi, Nick Henderson, Phil Noble, Amazon, CGIL, CCOO, Helen Reid, James Davey, Matthias Inverardi, Elisa Anzolin, Corina Pons, Nick Zieminski, Jason Neely Organizations: UNI Global Union, U.S, Amazon, REUTERS, Reuters Graphics, Thomson Locations: Europe, U.S, Germany, Rheinberg, Leipzig, England, Amazon's, Coventry, Britain, Italy, Castel San Giovanni, Spanish, France, London, Dusseldorf, Milan, Madrid

OPEC+ said after its last meeting in June that the 2024 output quotas of Angola, Nigeria and Congo were conditional on reviews by outside analysts. "The postponement of the meeting also shows there are some different views among the group participants." A view of logo of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, June 2, 2023. Saudi Arabia, Russia and other OPEC+ members have already pledged oil output cuts of about 5 million barrels per day (bpd), or about 5% of daily global demand, in a series of steps that started in late 2022. This figure includes a 1 million bpd voluntary reduction by Saudi Arabia and a 300,000 bpd cut in Russian oil exports, both of which last until the end of 2023.

Persons: Giovanni Staunovo, Brent, Leonhard Foeger, Alexander Novak, Prince Abdulaziz bin Salman, Helima Croft, Croft, Nadine Awadalla, Nayera Abdalla, Ahmad Ghaddar, Vladimir Soldatkin, El, Alex Lawler, Jason Neely, Mark Potter, Kirsten Donovan, Deepa Babington Organizations: Oil, DUBAI, Organization of, Petroleum, REUTERS, Russian, Saudi Energy, OPEC, RBC Capital, Bloomberg News, Thomson Locations: LONDON, OPEC, Angola, Nigeria, Congo, Russia, Vienna, Austria, OPEC's Vienna, Saudi Arabia

☆ Oil edges lower in choppy trade as OPEC+ delays meeting
▼ + stars: | 2023-11-22 | by ( Nicole Jao | ) www.reuters.com time to read: +3 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. The delay stoked concerns that more production could come online from oil producers in the coming months, said Dennis Kissler, senior vice president of trading at BOK Financial. A rise in inventories also pressured prices lower on Wednesday morning, he said. U.S. crude oil inventories rose by 8.7 million barrels last week on higher imports, the Energy Information Administration (EIA) said. To support prices, OPEC and its allies will need to not only extend, but increase cuts, said John Evans of oil broker PVM in a note.

Persons: Angus Mordant, Dennis Kissler, John Evans, Nicole Jao, Paul Carsten, Ahmad Ghaddar, Laura Sanicola, Colleen Howe, Jason Neely, Marguerita Choy, David Gregorio, Deepa Babington Organizations: REUTERS, . West Texas, U.S, Organization of, Petroleum, BOK, Energy Information Administration, U.S ., greenback, Reuters, International Energy, Thomson Locations: Loving County , Texas, U.S, Brent, OPEC, Saudi Arabia, Russia

A view of logo of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, June 2, 2023. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsSummary OPEC+ had been scheduled to meet on SundayOil drops almost 5% as delay raises questions about output cutsDelay shows there are some different views in group - analystDUBAI/LONDON, Nov 22 (Reuters) - OPEC+ has delayed a ministerial meeting expected to discuss oil output cuts to Nov. 30 from Nov. 26, OPEC said in a statement on Wednesday, a surprise development that sparked a further drop in oil prices. The delay to the meeting into next week might be to allow more time for countries to discuss both compliance with existing output cuts and potential additional cuts, an OPEC+ source said, declining to be named. Saudi Arabia, Russia and other OPEC+ members have already pledged oil output cuts of about 5 million barrels per day (bpd), or about 5% of daily global demand, in a series of steps that started in late 2022. This figure includes a 1 million bpd voluntary reduction by Saudi Arabia and a 300,000 bpd cut in Russian oil exports, both of which last until the end of 2023.

Persons: Leonhard Foeger, Giovanni Staunovo, Brent, Helima Croft, Nadine Awadalla, Nayera Abdalla, Ahmad Ghaddar, Vladimir Soldatkin, El, Alex Lawler, Jason Neely, Mark Potter, Kirsten Donovan Organizations: Organization of, Petroleum, REUTERS, Sunday, DUBAI, RBC Capital, Bloomberg News, Thomson Locations: Vienna, Austria, LONDON, Russia, OPEC, OPEC's Vienna, Saudi Arabia

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