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SummarySummary Companies U.S. business activity weakens again in October -S&P GlobalChina's Sept crude imports fall, fuel exports hit 15-mth highNEW YORK, Oct 24 (Reuters) - Oil prices steadied in choppy trade on Monday, as weakening U.S. business activity data eased expectations for more aggressive interest rate hikes, while data showing demand from China remained lacklustre in September limited prices. U.S. West Texas Intermediate crude for December delivery lost 34 cents, or 0.4%, to $84.71 a barrel. Register now for FREE unlimited access to Reuters.com Register"The recent recovery in oil imports faltered in September," ANZ analysts said in a note, adding that independent refiners failed to utilise increased quotas as ongoing COVID-related lockdowns weighed on demand. Oil prices regained some ground after data that showed U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly survey of purchasing managers both reporting weaker client demand. "Such a release is likely to have only a modest influence (<$5/bbl) on oil prices", the bank said in a note.
SummarySummary Companies U.S. business activity weakens again in October -S&P GlobalNEW YORK, Oct 24 (Reuters) - Oil edged up in choppy trade on Monday, as weakening U.S. business activity data eased expectations for more aggressive interest rate hikes, while data showing demand from China remained lacklustre in September limited prices. U.S. West Texas Intermediate crude for December delivery gained 55 cents, or 0.7%, to $85.60 a barrel. Oil prices regained some ground after data that showed U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly survey of purchasing managers both reporting weaker client demand. "Such a release is likely to have only a modest influence (<$5/bbl) on oil prices", the bank said in a note. U.S. energy firms added oil and natural gas rigs last week for the second week in a row as relatively high oil prices encourage firms to drill more, energy services firm Baker Hughes Co said in a report.
Oil prices drop as Chinese demand data disappoints
  + stars: | 2022-10-24 | by ( Noah Browning | ) www.reuters.com   time to read: +2 min
LONDON, Oct 24 (Reuters) - Oil prices slid on Monday after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption. Brent crude futures for December settlement were down $1.17, or 1.3%, at $92.33 a barrel by 1217 GMT, after rising 2% last week. But bank Goldman Sachs said the stocks release was unlikely to have a large impact on prices. "Such a release is likely to have only a modest influence (<$5/bbl) on oil prices", the bank said in a note. U.S. energy firms added oil and natural gas rigs last week for the second week in a row as relatively high oil prices encourage firms to drill more, energy services firm Baker Hughes Co said in a report.
Oil prices drop as China demand data disappoints
  + stars: | 2022-10-24 | by ( Noah Browning | ) www.reuters.com   time to read: +2 min
LONDON, Oct 24 (Reuters) - Oil prices slid 2% on Monday after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption. Brent crude futures for December settlement fell $1.67, or 1.8%, to $91.83 a barrel by 0855 GMT after rising 2% last week. U.S. West Texas Intermediate crude for December delivery was at $83.27 a barrel, down $1.78, or 2.1%. Brent rose last week despite U.S. President Joe Biden announcing the sale of a remaining 15 million barrels of oil from the U.S. Strategic Petroleum Reserves. U.S. energy firms added oil and natural gas rigs last week for the second week in a row as relatively high oil prices encourage firms to drill more, energy services firm Baker Hughes Co said in a report.
Estimates that 80-90% of Russian oil will continue to flow outside the cap mechanism are not unreasonable, a U.S. Treasury official told Reuters. "Oil traders dealing in Russian oil are no longer in Switzerland, Geneva or London. P&I services heeding EU law insure 95% of the world's shipborne oil trade, meaning the EU move could have halted most of Russia's exports. Insurance and shipping industry figures still saw themselves at risk of sanctions which could upend the trade even in the G7 price cap workaround. The EU ratified the price cap this month but details on implementing it remain forthcoming.
Slideshow ( 2 images )Washington has communicated to representatives of the Organization of the Petroleum Exporting Countries (OPEC) to reassure them of those limits to its plans, the official added. Tensions have simmered between consumer countries, such as the United States and oil producers over output policy, with sources telling Reuters that OPEC anger about the price cap plan was among the reasons for its decision to cut output. The White House said the United States’ analysis showed the cut could have waited until the next OPEC meeting, after the November U.S. midterm elections. But OPEC officials did not link the move to the Russian oil price cap in their discussions with the United States, U.S. Deputy Treasury Secretary Wally Adeyemo said last week. Agreed by G7 nations in September, the price cap plan faced clashing with much stricter European Union bans on Russian shipments ratified in June.
A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Washington has communicated to representatives of the Organization of the Petroleum Exporting Countries (OPEC) to reassure them of those limits to its plans, the official added. The White House said the United States’ analysis showed the cut could have waited until the next OPEC meeting, after the November U.S. midterm elections. But OPEC officials did not link the move to the Russian oil price cap in their discussions with the United States, U.S. Deputy Treasury Secretary Wally Adeyemo said last week. Agreed by G7 nations in September, the price cap plan faced clashing with much stricter European Union bans on Russian shipments ratified in June.
Brent crude futures were down 1 cents, or 0.01%, to $91.62 a barrel, recovering from a 6.4% fall last week. U.S. West Texas Intermediate crude was down 15 cents, or 0.2%, at $85.46 after a 7.6% decline last week. Beijing will also greatly increase domestic energy supply capacity and step up risk controls in key commodities including coal, oil, gas and electricity, a senior National Energy Administration official said on Monday. "It's been another turbulent few weeks in oil markets from global growth concerns to super-sized OPEC+ output cuts and it seems they're yet to fully settle down," said Craig Erlam, senior markets analyst at OANDA. OPEC+ output cuts attracted funds back to the oil markets, with continued heavy buying of crude oil futures and options for a second straight week.
Brent crude futures rose 53 cents, or 0.6%, to $92.16 a barrel by 1245 GMT, recovering from a 6.4% fall last week. U.S. West Texas Intermediate crude was up 34 cents, or 0.4%, at $85.95 after a 7.6% decline last week. China will further increase reserve capacities for key commodities, another state official told a news conference in Beijing. The third-quarter GDP data, along with September activity data, is due for release on Oct. 18 at 0200 GMT. Meanwhile a strong U.S. dollar and further interest rate increases from the U.S. Federal Reserve are helping to contain price gains.
OPEC+ oil supply cuts could tip world into recession, IEA says
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 13 (Reuters) - A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could push the global economy into recession, the International Energy Agency said on Thursday. "The relentless deterioration of the economy and higher prices sparked by an OPEC+ plan to cut supply are slowing world oil demand," the Paris-based agency, which includes the United States and other top consumer countries, said. "With unrelenting inflationary pressures and interest rate hikes taking their toll, higher oil prices may prove the tipping point for a global economy already on the brink of recession," it added in its monthly oil report. Register now for FREE unlimited access to Reuters.com RegisterThe dire warning from the agency highlights a rift with Saudi Arabia, the world's top oil exporter and de facto leader of OPEC. Capacity constraints plaguing output in other OPEC members mean Saudi Arabia and the United Arab Emirates will deliver most of the reductions, the IEA said, while new G7 and European Union sanctions on Russia could further tighten global supply.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are spending less than what they're earning, says BofA's Candace BrowningCandace Browning, vice chair of Bank of America Institute, joins CNBC's 'Squawk Box' to discuss the Institute's monthly consumer checkpoint, which provides a real-time estimate of consumer spending and financial health.
This morning Amazon kicked off its second Amazon Prime Day of 2022, which it's calling the Prime Early Access Sale. Right now, our picks for the best overall, the Philips Premium Digital Air Fryer, and the best multi-tasking air fryer, the Instant Pot Duo Crisp are on sale. Deal T-Fal Easy Fry XXL Air Fryer and Grill At 50% off, this T-fal air fryer is the biggest air fryer deal we've seen so far for Amazon Early Access Sale. Deal Oster Air Fryer Oven The Oster Air Fryer is 21% for Amazon's Early Access Sale, saving you $40. Amazon Prime Day FAQsWhat is Amazon Prime Day?
Both benchmarks had risen over the previous week largely on expectations of tightening global supply. Oil prices fell amid comments from U.S. Federal Reserve officials about rising interest rates and their effect on the economy. Oil prices also struggled under a strengthening U.S. dollar , which rose for a fourth session. The prospect of tightening OPEC+ oil supplies limited declines in prices. read moreThe complicated new sanctions package could end up shutting in considerable supplies of Russia crude, analysts have warned.
West Texas Intermediate crude for November delivery declined by as much as 1.1% but was last at $92.62, down 2 cents. The OPEC+ cuts will squeeze supply in an already tight market. EU sanctions on Russian crude and oil products will take effect in December and February respectively. read moreThe complicated new sanctions package could end up shutting in considerable supplies of Russia crude, analysts have warned. "A recessionary economic outlook will lead to lower oil demand," Fitch Ratings said on Monday.
Oil futures have risen over 7% since to five-week highs, as the move was seen as putting a floor under the market. However, the U.S. oil options market skewed toward buying of put options, used to either bet on or protect against downside movement. Trading volumes for U.S. crude futures puts and calls for November delivery gained over 40% to Wednesday, the day of the OPEC+ meeting, from Tuesday, data from CME Group showed. On Thursday and Friday, volumes in puts totaled 15,579 and 25,771, respectively, while volumes in calls totaled 16,087 and 42,291, CME Group data showed. In the futures market, crude spreads widened on Friday, with near-term contracts rising at a faster rate than later-dated contracts.
Brent crude futures fell 96 cents, or 1%, to $96.96 a barrel by 11:31 a.m. EDT (1531 GMT). EU sanctions on Russian crude and oil products will take effect in December and February respectively. read moreThe complicated new sanctions package could end up shutting in considerable supplies of Russia crude, analysts have warned. "A recessionary economic outlook will lead to lower oil demand," Fitch Ratings said on Monday. Those political factors could alter supply patters and cause greater price volatility, Fitch said.
Oil prices hit nine-month low on recession fears
  + stars: | 2022-09-26 | by ( Noah Browning | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterModel of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/IllustrationLONDON, Sept 26 (Reuters) - Oil prices hit nine-month lows on Monday, driven down by an expected decline in fuel demand as rising interest rates raise the likelihood of global recession, with further price pressure coming from a surging U.S. dollar. U.S. West Texas Intermediate (WTI) crude for November delivery dropped 74 cents, or 0.9%, to $78. Register now for FREE unlimited access to Reuters.com RegisterBoth contracts slumped by about 5% on Friday. The impact of a strong dollar on oil prices is at its most pronounced in more than a year, Refinitiv Eikon data shows.
Former federal judge Gregg Costa is about to join Gibson Dunn in a senior role, Insider has learned. Gregg Costa, a prosecutor-turned-federal judge who announced that he would return to private practice earlier this year, is joining Gibson Dunn, a person familiar with the matter told Insider. Costa clerked for the conservative Supreme Court justice William Rehnquist and was appointed by President Barack Obama, first as a district court judge in Galveston, Texas and later as an appeals judge. Before becoming a judge, Costa was an associate attorney at the law firm Weil Gotshal & Manges and a federal prosecutor in the Southern District of Texas. Federal courts in Texas and the Fifth Circuit have been top legal battlegrounds for President Joe Biden.
Best coffee subscription: Blue Bottle (starting at $11 per shipment; bluebottle.com)Blue BottleBlue Bottle’s coffee subscription hit all of our marks during the testing process. This mask, though, formed the best seal around the edges, blocking out more light than any other mask we tested. Not only does it keep your drinks hot or cold for many hours, it’s solidly durable and has the best lid we’ve ever tested. Best smart display: Amazon Echo Show 8 ($99.99, originally $129.99; amazon.com)AmazonThe Echo Show 8 is the best smart display we tested, with a versatile 8-inch screen in a build that really fits anywhere. Best smart thermostat: Nest Learning Thermostat ($223, originally $229; amazon.com)GoogleThe Nest Learning Thermostat studies your habits and controls the temperature in your home automatically.
Echipa națională de fotbal a Chinei mizează tot mai mult pe jucători naturalizați, în speranța la o calificare la Cupa Mondială din 2022. Selecționerul Li Tie a convocat cinci fotbaliști născuți în străinătate pentru meciurile din lunile mai și iunie. China este pe locul secund în grupa sa din turul doi preliminar al Cupei Mondiale, cu 7 puncte acumulate după patru meciuri disputate. Syria este liderul grupei, cu 15 puncte, dar a jucat cu o partidă mai mult. În turul trei preliminar vor ajunge câștigătoarele celor 8 grupe, dar și patru reprezentative de pe locul secund cu cele mai bune rezultate.
Persons: Selecționerul, Alan, Tyias Browning, Li, englez Nico Yennaris Organizations: națională, fotbal, Cupa, Guangzhou, Premier League, Everton, Sunderland, Arsenal Londra, Beijing Guoan, Cupei Mondiale, Syria Locations: Chinei, străinătate, englez, Beijing, China
Since 2017, US military service branches have been rolling out new M17 and M18 handguns. The M17 and the compact M18 variant are the latest in a long line of sidearms that US troops have carried into battle since 1776. This flintlock saw service in the War of 1812 and remained the US Army's standard-issue pistol for over 50 years. Two Model 1805s are featured on the US Army Military Police Corps insignia, and a similar pistol can be seen on the US Navy SEAL emblem. National ArchivesThe most popular Colt design of the 19th century was the Colt Army Model 1860, a .44-caliber revolver adopted just before the Civil War.
(video) Zece filme biografice cu note mari pe IMDB, pe care nu trebuie să le rateziÎn acest octombrie fă-ți timp și privește câteva filme bune. De această dată am ales 10 pelicule biografice, cu actori talentați și scenarii captivante. Toate au câteva premii în palmares și note mari pe IMDB, ceea ce înseamnă că nu trebuie să le ratezi. Vedeți mai jos lista filmelor care au fost inspirate de istorii reale. # La môme (2007)Regia: Olivier DahanCu: Marion Cotillard, Gérard DepardieuIMDB: 7.6#The Elephant Man (1980)Regia: David LynchCu: John Hurt, Anthony HopkinsIMDB: 8.2#Legend (2015)Regia: Brian HelgelandCu: Tom Hardy, Emily BrowningIMDB: 7.0#Julie & Julia (2009)Regia: Nora EphronCu: Meryl Streep, Amy Adams, Chris MessinaIMDB: 7.0#Kill the Messenger (2014)Regia: Michael CuestaCu: Jeremy Renner, Michael Sheen, Mary Elizabeth WinsteadIMDB: 7.0#Darkest Hour (2017)Regia: Joe WrightCu: Gary Oldman, Lily James, Kristin Scott ThomasIMDB: 7.4#Loving Vincent (2017)Regia: Hugh Welchman, Dorota KobielaCu: Saoirse Ronan, Douglas Booth, Jerome Flynn, Helen McCrory, Robert GulaczykIMDB: 7.9#The Post (2017)Regia: Steven SpielbergCu: Meryl Streep, Tom Hanks, Sarah Paulson, Bob OdenkirkIMDB: 7.1#Gandhi (1982)Regia: Richard AttenboroughCu: Ben Kingsley, Daniel Day-LewisIMDB: 8.1#Spotlight (2015)Regia: Tom McCarthyCu: Michael Keaton, Mark Ruffalo, Rachel McAdams, Stanley Tucci, Christopher GallagherIMDB: 8.1
Persons: mari, De această, jos lista, istorii reale, Olivier Dahan Cu, Marion Cotillard, Gérard Depardieu, David Lynch Cu, John Hurt, Anthony Hopkins, Brian Helgeland, Tom Hardy, Emily Browning, Julie, Julia, Nora Ephron Cu, Meryl Streep, Amy Adams, Chris Messina, Michael Cuesta Cu, Jeremy Renner, Michael Sheen, Mary Elizabeth Winstead, Joe Wright Cu, Gary Oldman, Lily James, Kristin Scott Thomas, Vincent, Hugh Welchman, Saoirse Ronan, Douglas Booth, Jerome Flynn, Helen McCrory, Robert Gulaczyk, Steven Spielberg Cu, Tom Hanks, Sarah Paulson, Bob Odenkirk, Gandhi, Richard Attenborough Cu, Ben Kingsley, Daniel Day, Lewis, Tom McCarthy Cu, Michael Keaton, Mark Ruffalo, Rachel McAdams, Stanley Tucci, Christopher Gallagher Organizations: Regia Locations: jos, Regia
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