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The opening ceremony in a tent-shaped stadium will be held at 1440 GMT, ahead of the first match between hosts Qatar and Ecuador. Few details were available on heads of state attending, but state media said the U.N. secretary general and Algeria's president arrived on Saturday. The smallest nation to hold soccer's biggest global event, Qatar, a wealthy gas producer, aims to bolster its credentials as a global player, display strength to rivals in the region and placate conservative Sunni Muslim Qataris. Many of the migrant workers who toiled to prepare Qatar's tournament infrastructure will watch from the sidelines, priced out of the stadiums. "When we came in it was like a bit of a work site," England fan Neil Gahan said in an area in Doha housing fan portacabins.

☆ Africa is hosting the UN climate summit. It's also home to 3 oil-and-gas deals announced in just two weeks.
▼ + stars: | 2022-11-16 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +8 min

During the COP27 event, three oil-and-gas deals in Africa have been announced. In the past two weeks — essentially the time of the COP27 summit — three oil-and-gas deals were announced for Africa alone, in Egypt, Nigeria, and Tanzania. That demand is evident even in announcements that purportedly support renewable energy. Plus, the projects are more expensive than building out renewable energy like solar. "If we really want to improve the lives of people, we need to invest in community renewable energy," Elmaawi said.

☆ EXCLUSIVE Argentina set to permit wheat export delays amid drought - sources
▼ + stars: | 2022-11-01 | by ( Maximilian Heath | ) www.reuters.com time to read: +2 min

A government source with direct knowledge of the matter said that measures to permit wheat shipment delays were "probable". Reuters GraphicsThe country's producers have already formally declared overseas sales of 2022/23 wheat of 8.9 million tonnes, official data shows. Argentina's domestic wheat consumption from the 2021/22 harvest totaled 7.6 million tonnes. Some 2 million tonnes of wheat were left unsold from 2021/22. There is an existing export cap of 10 million tonnes for the 2022/23 season's wheat harvest.

☆ Gas business helps Italy's Eni to beat expectations
▼ + stars: | 2022-10-28 | by ( Francesca Landini | ) www.reuters.com time to read: +3 min

Adjusted net profit in the period came in at 3.73 billion euros ($3.72 billion), soaring from 1.43 billion euros a year ago, and beating a 3.21 billion euro consensus. The state-controlled group raised its full-year expectations for the gas & LNG division and for the downstream business. "Eni has reported strong numbers this morning, with adjusted EBIT and net income coming in ahead of consensus," analysts from RBC Europe said. REPLACING RUSSIAEni will replace at least 50% of its Russian gas supply this winter, leveraging its broad and diversified reserve base, its long-standing relationships with producing countries and a growing presence in liquefied natural gas (LNG), it said. Looking at the different businesses of the group, the gas and LNG division stands out.

☆ Algeria businesses hope government will stay the course on reforms
▼ + stars: | 2022-10-23 | by ( Lamine Chikhi | ) www.reuters.com time to read: +5 min

As Algeria's foreign currency reserves fell by two thirds in six years and the long-term risk of unrest grew, President Abdelmadjid Tebboune's government pushed reforms to strengthen the private sector, boosting local businesses. He passed some reforms but now enjoys high demand for Algerian energy and surging revenues. Free zones are going to be set up, customs code has been changed to make it more attractive for foreign investment, we have a new investment code," Agli said. A former government adviser on economic affairs said the authorities understood the need to press ahead with reforms despite the increase in energy revenue this year. We are running short of time because oil prices are so volatile and a global recession is a likely scenario," the former adviser said.

☆ Saudi Arabia confirms crown prince won't attend Arab summit in Algeria
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

RIYADH, Oct 23 (Reuters) - Saudi Crown Prince Mohammed bin Salman will not travel to Algeria next month to attend a summit of the Arab League on medical advice, the royal court confirmed in a statement on state media on Sunday. Doctors had advised Prince Mohammed, 37, to avoid long-haul flights that might affect his middle ear, said the royal court. It has not previously stated that the Crown Prince, Saudi Arabia's de facto ruler, had ear problems. Foreign Minister Prince Faisal bin Farhan Al Saud will head the kingdom's delegation to the summit instead. The Algerian presidency said late on Saturday that Prince Mohammed would not attend the event to be held on Nov. 1 in Algiers in compliance with a medical recommendation to avoid travel.

☆ Saudi crown prince not attending Arab summit on doctors' advice, Algerian presidency says
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +1 min

CAIRO, Oct 23 (Reuters) - Saudi Crown Prince Mohammed bin Salman will not attend the Arab summit to be held on Nov. 1 in Algeria, in compliance with a doctors' recommendation to avoid travel, the Algerian presidency said in a statement late on Saturday. Prince Mohammed, the kingdom's de-facto ruler, "expressed his regret for not attending the Arab summit", in a phone call with Algerian President Abdelmadjid Tebboune, the statement said. The Saudi foreign ministry later issued a statement on the telephone conversation between the two leaders but did not mention that the Crown Prince was not attending the summit. Arab heads of state are expected to convene for their upcoming 31st summit to be held in Algiers on Nov. 1-2. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ahmad Elhamy and Omar Fahmy; Editing by Daniel Wallis and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Amid resistance from France, Spain and Italy had previously broached the idea of building an underwater pipeline between the two countries. Iberdrola, which is building Europe's largest green hydrogen plant in Puertollano in central Spain, declined to comment on the pipeline announcement. Cepsa CEO Maarten Wetselsaar told Reuters the agreement put Spain at the heart of Europe's plan to diversify away from Russian energy. As for natural gas, Spain has six terminals allowing it to bring in liquefied natural gas and convert it into its gaseous form, and three storage facilities, while Portugal has one. The United States and Nigeria are among key suppliers of LNG to Spain, which also receives piped gas from Algeria.

The spot where a floating storage and regasification unit will be set up is seen in front of the port city of Piombino, Italy, October 20, 2022. Such a big-scale project will help Italy avert a supply crunch it could otherwise face next winter, but keep it hooked on gas for longer, slowing down its transition to renewable energy. A new rightist government, widely expected to be led by Giorgia Meloni, could be sworn in as soon as next week, with no sign that Rome's line on Piombino project - endorsed by Italy's industrial lobby Confindustria - could be changed. With little domestic gas production and a ban on nuclear power generation, Italy heavily relies on imports for its energy needs. Some local and environmental grassroots associations and unions gathered in Piombino on Thursday for a rally against the project.

☆ Analysis: Renewables shift lays bare Africa's energy dilemma
▼ + stars: | 2022-10-19 | by ( Bate Felix | ) www.reuters.com time to read: +7 min

Besides the 678-km West Africa gas pipeline completed in 2008, linking Nigeria, Benin, Togo and Ghana, few regional oil and gas projects exist to take products where they are needed. U.S. climate envoy John Kerry has cautioned against long-term oil and gas infrastructure investment in Africa, urging countries to turn to renewables instead. "Africa's track record for gas projects in this regard is not encouraging," the IEA said, citing delays in TotalEnergies' Mozambique project and in the Senegal-Mauritania gas project. "Funding requirements for the oil and gas industry in Africa far exceeds the capacity of any one individual country in Africa. Previous plans for major regional projects such as large-scale refineries have been thwarted by rivalries, ending in countries constructing small refineries that eventually failed, the expert added.

☆ The Chase Sapphire Reserve's 80K bonus is effectively a blank airline ticket — here's how to use it to get (almost) anywhere in the world
▼ + stars: | 2022-10-19 | by ( Joseph Hostetler | Credit Cards Reporter | Read More | ) www.businessinsider.com time to read: +13 min

By transferring Chase Ultimate Rewards® points to airline partners, you can fly just about anywhere on earth. Show more Regular APR 19.99% - 26.99% Variable Editor's Rating 4.65 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.65 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. By transferring 80,000 Chase points to Southwest, you can expect an average value of $1,120 in free flights. You can save quite a few Chase points if you're willing to pay a bit in taxes, however. Bottom lineThe 84,000 Chase points you'll have after opening the Chase Sapphire Reserve® and meeting its minimum spending requirement is basically a blank airline ticket to nearly anywhere on earth's surface.

☆ U.S. Senate panel advances bill to rein in OPEC+ over oil output cut
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +3 min

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi BoudinaWASHINGTON, Oct 19 (Reuters) - A U.S. Senate committee this week quietly advanced a bill that seeks to rein in OPEC+ after the oil producer group led by Saudi Arabia and Russia this month agreed to cut output. The Senate Judiciary Committee, which easily passed the bill in May, moved the bill on Tuesday to the Senate floor, the Senate website showed. Senator Chuck Grassley, a Republican who sponsored NOPEC, tried to attach the legislation to the annual defense policy bill. We are looking at all the legislative tools to best deal with this appalling and deeply cynical action, including the NOPEC bill".

CAIRO Oct 16 (Reuters) - OPEC+ member states lined up on Sunday to endorse a steep production cut agreed this month after the White House, stepping up a war of words with Riyadh, claimed Saudi Arabia had pushed some other nations into the move. Iraq, OPEC's second largest exporter, said the decision was based on economic indicators and was taken unanimously. The cut came despite oil markets being tight, with inventories in major economies at lower levels than when OPEC has cut output in the past. But some analysts have said recent volatility in crude markets could be remedied by a cut that would help attract investors to a market that was underperforming fundamentals. Oman's energy ministry said OPEC+ decisions were based purely on the realities of market supply and demand.

☆ OPEC Sec Gen says oil markets are going through 'great fluctuations'
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: 1 min

ALGERIA Oct 16 (Reuters) - OPEC Secretary General Haitham Al Ghais said on Sunday that "oil markets are going through a stage of great fluctuations" during his two-day visit to Algiers. Al Ghais added that the goal of OPEC and producers outside the organisation is to maintain market stability. Register now for FREE unlimited access to Reuters.com RegisterReporting by Lamine Chiki; Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ 'In OPEC there is always a space for flexibility,' group's secretary general says
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: 1 min

Oct 16 (Reuters) - OPEC's Secretary General, asked on Sunday about reviewing this month's oil output cut, said on Sunday that "in OPEC there is always a space for flexibility". Haitham al-Ghais also told a news conference in Algeria that OPEC+ decisions were purely technical, and that the producer group took a pre-emptive decision. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nayera Abdallah, Ahmed Tolba, and Yasmin HussinOur Standards: The Thomson Reuters Trust Principles.

☆ OAPEC Sec Gen says OPEC+ decision to cut oil production 'correct'
▼ + stars: | 2022-10-15 | by ( ) www.reuters.com time to read: +1 min

Companies Organization of Arab Petroleum Exporting Countries FollowCAIRO Oct 15 (Reuters) - The secretary general of the Organization of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the OPEC+ decision to cut its oil production target is correct, and was taken at the right time. OAPEC comprises Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria, Tunisia and the United Arab Emirates. The 13-member Organization of the Petroleum Exporting Countries (OPEC) and its allies, which include Russia, lowered their production target by 2 million barrels per day when they met on Oct. 5. The move came even though fuel markets remain tight, with inventories in major economies at lower levels than when OPEC has cut output in the past. Register now for FREE unlimited access to Reuters.com RegisterReporting by Moataz Mohamed; Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

☆ Stellantis signs framework deal for Fiat vehicle production in Algeria
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 13 (Reuters) - Carmaker Stellantis said on Thursday it had signed a framework agreement with Algeria to develop activities of its Fiat brand in the county, including for local production of vehicles. The deal covers a project for the development in Algeria of industrial, after-sales and spare parts activities for Fiat, as well as the development of the automotive sector in the country, Stellantis said in a statement, after signing the agreement with the director of cooperation of Algeria's industry ministry. The world's fourth-largest carmaker, which houses brands including Peugeot, Citroen, Alfa Romeo, Jeep and Opel, did not provide further details about the activities it will start under the agreement. "The quality of the ongoing discussions makes us confident about the development prospects of the Fiat brand, which will be keen to meet the expectations of Algerian customers," Stellantis CEO Carlos Tavares said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Giulio Piovaccari; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ Europe has enough energy to survive the winter. Next year might be different
▼ + stars: | 2022-10-13 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

Cornelius Poppe/NTB/AFP/Getty ImagesBut success has come at a heavy cost to the economy: the scramble for alternative sources has sent energy prices soaring. Alexei Miller, CEO of Russian state energy giant Gazprom, said on Wednesday that there was “no guarantee” that Europe would survive the winter with its current reserves. “Adopting policies that prevent the pass-through of high energy prices to consumers is an expensive gamble that is doomed to fail if wholesale energy prices will stay high in the future,” he added. Carlos Torres Diaz, head of power analysis at Rystad Energy, told CNN business that Europe’s energy transition “has been put on hold” as it prioritizes energy security. “These sources of energy also help reduce the dependency on energy imports,” Torres Diaz added.

☆ Germany, Netherlands propose EU-wide plan to curb gas prices
▼ + stars: | 2022-10-12 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

BRUSSELS, Oct 12 (Reuters) - Germany and the Netherlands have proposed a package of 10 measures that the European Union could use to curb gas prices and avoid fuel rationing, including looking into setting a new benchmark price for liquefied natural gas. The plan, seen by Reuters and shared with other EU countries before the bloc's energy ministers meet on Wednesday, calls for the EU to kickstart joint gas buying, to avoid one country outbidding another and driving prices higher. They said a broad gas price cap on imports was a less preferable option. A price cap on Russian gas could also be considered, but only if workable for the countries it would affect most, the document said. Brussels proposed a Russian gas price cap last month, but shelved the idea after resistance from central and eastern countries that feared Moscow would retaliate by cutting off the limited supplies it still sends to Europe.

German Chancellor Olaf Scholz (on screen), Economics Minister Robert Habeck and Finance Minister Christian Lindner attend a news conference about how to handle high gas prices, at the Chancellery in Berlin, September 29, 2022. Chancellor Olaf Scholz said on Tuesday that Germany could not expect energy deliveries from Russia for the foreseeable future but that the situation could be managed. "If we all continue to adapt to the changed situation - the citizens, the companies and the politicians - then we will get safely through this winter," Scholz told an engineering conference. Other European countries once dependent on Russia gas, such as Italy, have also been building up storage and sourcing supplies from other countries including Algeria and Azerbaijan. If adopted, the plan would be paid for by a 200 billion euro ($194 billion) relief package Chancellor Scholz's government announced last month to reduce the impact of energy prices.

☆ Tunisian tattoo artist revives Berber designs for new generation
▼ + stars: | 2022-09-29 | by ( Jihed Abidellaoui | ) www.reuters.com time to read: +2 min

KAIROUAN, Tunisia, Sept 29 (Reuters) - Tunisian tattoo artist Manel Mahdouani is reviving traditional Berber designs that had long been considered unfashionable but are now gaining in popularity among a hip new generation. It's like a Facebook wall and this is my wall," she said, asking not to give her family name. As tattoos took off around the world, some younger Tunisians took up the trend, but without looking back at their own tradition of body art. Mahdouani said many Tunisians had grown to see Berber tattoos as low class or disreputable. Mahdouani has researched the traditional "tekaz" tradition of Berber tattoos, collecting designs and learning about the custom of using body art to ward off disease or bad luck through particular symbols on different parts of the body.

☆ Explosions at Nord Stream gas pipelines signal escalation to 'hybrid war' as Russia weaponizes energy, analyst says
▼ + stars: | 2022-09-28 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

The Nord Stream pipeline explosions are a major escalation of the energy crisis, according to analyst Simone Tagliapietra. "Today, Russia brought its energy weaponisation against Europe to the next level: from economic to hybrid war," tweeted the senior fellow at the think tank Bruegel. The US is supporting efforts to investigate the "apparent sabotage" of the Nord Stream pipelines, a national security advisor said, while two senior German lawmakers have pointed the finger at Russia. The US Central Intelligence Agency warned Germany weeks ago about potential attacks on Nord Stream, German magazine Der Spiegel reported Tuesday. While the Nord Stream 1 and Nord Stream 2 are shuttered and not delivering gas to Europe, European natural gas futures jumped 11% Wednesday as investors assessed the new risks to pipelines.

Jars of Nescafe Gold coffee by Nestle are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. Russia's invasion of Ukraine has propelled energy and grain prices to all-time highs, driving up the cost of packaged goods. That has been felt particularly acutely in parts of Asia and North Africa, where people spend a higher proportion of income on food and fuel than in the United States and Europe, prompting some shoppers to stockpile non-perishable items. "Nestle is seeing hoarding with bouillon, to an extent soups, coffee for sure," Al Bitar told Reuters. Several countries in North Africa and Central Asia are suffering recurring shortages of basic necessities.

☆ Portugal says could face shortage if Nigeria does not deliver all LNG due
▼ + stars: | 2022-09-19 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

LISBON, Sept 19 (Reuters) - Portugal could face supply problems this winter if Nigeria does not deliver all the liquefied natural gas (LNG) it is due to, the European Union country's environment and energy minister said on Monday. Register now for FREE unlimited access to Reuters.com RegisterCordeiro did not say what would prevent Nigeria supplying the LNG it was contracted to. Oil and gas output in Nigeria has been throttled by theft and vandalism of pipelines, leaving gas producer Nigeria LNG Ltd's terminal at Bonny Island operating at 60% capacity. Nigeria LNG, which is owned by state-oil company NNPC Ltd, Shell (SHEL.L), TotalEnergies (TTEF.PA) and Eni (ENI.MI), did not immediately respond to a request for comment. read morePortugal last year imported 2.8 billion cubic meters of LNG from Nigeria, or 49.5% of total imports, while the United States was the second-largest supplier with a share of 33.3%.

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