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Since March, GOP Sen. Tommy Tuberville has blocked more than 300 military promotions. On Tuesday, three military secretaries spoke out against his decision in a CNN appearance. Navy Secretary Carlos Del Toro accused Tuberville of aiding China with his block. On Tuesday, the secretaries of the Navy, Army, and Air Force appeared on CNN to discuss Tuberville'songoing decision to block any military promotions that need congressional approval. Navy Secretary Carlos Del Toro said that the block is having an impact on the military's "combat readiness."
Persons: GOP Sen, Tommy Tuberville, Carlos Del Toro, Tuberville, he's, Del Toro, Ian Bremmer, Nikki Haley, Trump, Christine Wormuth Organizations: GOP, CNN, Service, Navy, Army, Air Force, Russia, Washington Post, Pentagon Locations: China, Wall, Silicon, Cuba, Tuberville
Washington CNN —The three US military service secretaries went on the offensive against Republican Sen. Tommy Tuberville over his ongoing hold on senior military nominations in an interview with CNN on Tuesday, saying he is aiding communist and autocratic regimes, and being used by adversaries like China against the US. “That is what the American people truly need to understand.”“It is just unprecedented to be attacking apolitical general officers and flag officers in this way. But placing a blanket hold on all general and flag officer nominees, who as apolitical officials have traditionally been exempt from the hold process, is unfair to these military leaders and their families. It is time to lift this dangerous hold and confirm our senior military leaders.”“Chuck Schumer could confirm all of the service chiefs in one day—but he refuses. Wormuth said Tuesday that she’s worried the hold will impact morale among lower-ranking officers.
Persons: Republican Sen, Tommy Tuberville, Frank Kendall, CNN’s Jake Tapper, Carlos Del Toro, Christine Wormuth, ” Kendall, , , ” Del Toro, Del Toro, Wormuth, ” Wormuth, Chuck Schumer, ” Steven Stafford, Tuberville, ” Tuberville, Mitch McConnell, C.Q . Brown, Joe Biden, Mark Milley, she’s Organizations: Washington CNN, Republican, CNN, ” Air Force, an Air Force, “ Senators, Biden, Pentagon, Department, Joint Chiefs of Staff, Air Force, Army, Marine Corps, Missile Defense Agency Locations: China, United States, Washington ,, Cuba, Washington, Alabama
Why isn't Xi travelling much this year?
  + stars: | 2023-09-05 | by ( ) www.reuters.com   time to read: +1 min
Read the transcriptExcerpts of Russian soldiers’ calls from the frontlines talk of losses, discontent and disarray. Kim Jong Un may be planning a rare trip outside North Korea to talk to President Putin. China’s President Xi Jinping isn’t travelling much this year – why? Plus, the latest from the Munich motor show and a human trafficking ring stretching from Cuba to Russia’s war in Ukraine. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.
Persons: Kim Jong, Putin, Xi Jinping Organizations: Apple, Google, Reuters, Thomson, Reading Locations: North Korea, Munich, Cuba, Ukraine, Russia, Delhi
Cuba has been a close ally of Russia since the Cuban Revolution in 1959. Álvaro López Miera, the head of Cuba’s Ministry of the Revolutionary Armed Forces, visited Moscow in June. He was received by his Russian counterpart, Sergei K. Shoigu, who said that Cuba was Russia’s “most important ally” in the Caribbean. About 70,000 Russian tourists visited Cuba in the first half of 2023, according to Russian state media, and about 11,000 Cubans visited Russia in 2022, according to the Russian Association of Tour Operators. It is not the first time that a country has claimed that its citizens were being recruited to fight for Russia in Ukraine.
Persons: Elena Shuvalova, Álvaro López Miera, Sergei K, Shoigu, Russia’s, , ” Mr, Ukraine ” Organizations: Moscow Times, Russian Army, Cuban Foreign Ministry, Cuba’s Ministry, Revolutionary Armed Forces, Tass, Russian Association of Tour Locations: Moscow, Cuba, Russia, Cuban, Caribbean, Ukraine, Russian, Kostanay, Kazakhstan, Kazakh
REUTERS/Juan Medina/File Photo Acquire Licensing RightsHAVANA, Sept 4 (Reuters) - Cuba has uncovered a human trafficking ring that coerced its citizens to fight for Russia in the war in Ukraine, its foreign ministry said, adding that Cuban authorities were working to "neutralize and dismantle" the network. It was not immediately clear if the Cuban foreign ministry statement was associated with the Ryazan report. The defense ministers of Cuba and Russia earlier this year discussed the development of joint "technical military" projects at a meeting in Moscow. "Cuba is not part of the war in Ukraine," the foreign ministry said late on Monday. Cuba said it had already begun prosecuting cases in which its citizens had been coerced into fighting in Ukraine.
Persons: Juan Medina, Miguel Diaz, Canel, Dave Sherwood, Marc Frank, Felix Light, Michael Perry, Bill Berkrot Organizations: REUTERS, Rights, Russia, Monday, Cuban, Thomson Locations: Cuban, Cuba, Madrid, Spain, Rights HAVANA, Ukraine, Caribbean, Moscow, Russia, Ryazan, Havana, Tbilisi
File Photo Acquire Licensing RightsSept 4 (Reuters) - Venezuela's oil exports in August fell 38% from a three-year high in July as state-run oil company PDVSA struggled to keep its heavy crude upgraders in service, according to vessel monitoring data and internal company documents. Venezuela's oil exports in August dropped to about 544,000 barrels per day (bpd) from more than 877,000 bpd in July, according to LSEG Eikon vessel tracking data. China remained the main destination for most of the OPEC member's crude and fuel exports, including cargoes transshipped through Malaysia. At the Petropiar crude upgrader, operated by PDVSA and Chevron and that processes extra heavy oil, maintenance affected a vacuum distillation unit. PDVSA boosted shipments of crude, fuel oil, gasoline blend stock and gas oil to ally Cuba to some 65,000 bpd, from 53,000 bpd in July.
Persons: PDVSA, Russia's Roszarubezhneft, Marianna Parraga, Marguerita Choy Organizations: American, Chevron, U.S, PDVSA, China National Petroleum Corp, Italy's Eni, Thomson Locations: Venezuela, U.S, China, Malaysia, Cuba, Houston, Maracay
Rep. Ocasio-Cortez said the US has to reckon with its history of interventions in Latin America. "I believe that we owe Chile, and not just Chile but many aspects of that region, an apology," Ocasio-Cortez told the publication. "I don't think that apology indicates weakness; I think it indicates a desire to meet our hemispheric partners with respect." "It's very hard for us to move forward when there is this huge elephant in the room and a lack of trust due to that elephant in the room," she continued. "Latin America, I believe, due to its proximity, was absolutely unique in US interventionism during the cold war, and that was under [secretary of state] Henry Kissinger and President Nixon," the congresswoman said.
Persons: Cortez, Alexandria Ocasio, New York Democrat —, Salvador Allende, , Jacobo Árbenz, João Goulart, Fidel Castro, Castro, Henry Kissinger, Nixon, Augusto Pinochet, We're Organizations: Guardian, Service, New York Democrat, US, Operation Condor Locations: Latin America, Wall, Silicon, Alexandria, Chile, Cuban, Cuba, America, United States, Brazil, Colombia
As a congressman in 1994, Richardson visited reclusive communist-ruled North Korea to discuss a nuclear accord struck by Clinton. As Richardson was traveling to the country, North Korea shot down a U.S. military helicopter that had entered its territory, killing one pilot and capturing the other. Richardson stayed for weeks to negotiate, flying home with the dead pilot's remains while the surviving pilot was released soon thereafter. In 1996, Richardson negotiated the release of an American named Evan Hunziker, jailed on spy charges in North Korea. Richardson later attended a prep school in Massachusetts, where he became a star baseball pitcher with dreams of a professional career.
Persons: New Mexico Bill Richardson, Gus Ruelas, Bill Richardson, Richardson, Mickey Bergman, Bergman, Bill Clinton, you've, You've, Barack Obama, Obama, Danny Fenster, Clinton, Evan Hunziker, Saddam Hussein, Fidel Castro, William Blaine Richardson, Will Dunham, Lucia Mutikani, Rosalba O'Brien Organizations: University of Southern California's Schwarzenegger Institute for State, Global, REUTERS, Rights, New, Richardson Center, U.S, Richardson, Democratic, U.S . House, Representatives, United Nations, Foreign Policy, Cuban, Citibank, Tufts University, State Department, Thomson Locations: New Mexico, Los Angeles , California, U.S, Chatham , Massachusetts, Mexican, American, United States, North Korea, Myanmar, Sudan, Iraq, Iran, Cuba, New Hampshire, Iowa, Korean, Kuwait, Iraqi, Miami, Pasadena , California, Mexico City, Oaxaca, Massachusetts, Washington
HAVANA, Sept 1 (Reuters) - Representatives of 14 western creditor nations, grouped in the Paris Club, were in Cuba this week to salvage a debt agreement with the import dependent country which is expected to default on payments for a fourth consecutive year. William Roos, co-chairman of the Paris Club, had said on Wednesday that he proposed a plan which apparently was rejected. The 2015 Paris Club agreement forgave $8.5 billion of the $11.1 billion in sovereign debt Cuba defaulted on in 1986. Cuba, which last reported foreign debt of $19.7 billion for 2020, has restructured debt with Russia, China and some other creditors since then. The Cuba group of the 22-member Paris Club, which manages old sovereign debt, comprises Australia, Austria, Belgium, Canada, Denmark, Finland, France, Britain, Italy, Japan, the Netherlands, Spain, Sweden and Switzerland.
Persons: , William Roos, Ricardo Cabrisas, Cabrisas, Marc Frank, Kirsten Donovan Organizations: Paris Club, Investment, Cooperation, Communist, Gross, Reuters, International Monetary Fund, World Bank, Thomson Locations: HAVANA, Cuba, Paris, Russia, China, Caribbean, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Britain, Italy, Japan, Netherlands, Spain, Sweden, Switzerland
Together, experts say, these efforts aim to enhance China’s military reach, which currently includes only one operational overseas naval base in Djibouti on the Horn of Africa. “It’s a question of when – not if – China will secure its next overseas military outpost,” he said. This photo taken on August 1, 2017, shows Chinese People's Liberation Army personnel attending the opening ceremony of China's new military base in Djibouti. The Hambantota commercial port in Sri Lanka has long been considered a prime candidate for a Chinese naval base. However, China’s path to developing permanent overseas bases, if indeed that is its aim, is not straightforward.
Persons: FDD, Craig Singleton, , , , Tea Banh, FDD’s Singleton, Tang Chhin Sothy, Singleton, Xi Jinping, Stringer, ” AidData, Stephen J, Townsend, ” Townsend, Bata, Ali Bongo Ondimba, Ken Ishii, , ” Singleton, China’s, Aaron Favila, Isaac Kardon, Kardon, ” Kardon, BlackSky Singleton, Rob Wittman, Fu Tian, Seth Moulton, ” Moulton, Martin Meiners Organizations: South Korea CNN, People’s Liberation Army Navy, Foundation for Defense of Democracies, People’s Liberation Army, PLA, Ream, Base, CNN, China’s Ministry of Defense, Ministry of Foreign Affairs, Ream Naval Base, ” Cambodian Defense, Cambodian, Getty, Fleet, Communist Party, US, Liberation Army personnel, William & Mary University, Sri Lankan Navy, US Africa Command, Gabonese, of, Xinhua, Naval Research Academy, Carnegie Endowment, International Peace, East China Seas, China, Control, Organization, Force, Strategic, International Studies, Defense Department, Chinese Communist Party, , Virginia Republican, The Defense Department, Qingdao Port, People's Liberation Army Navy, China News Service, America, Pentagon, US Defense Department Locations: Seoul, South Korea, China, Beijing, Washington, Cambodia, Argentina, Cuba, Djibouti, of Africa, Africa, West Asia, Gulf, Thailand, United States, Preah Sihanouk, AFP, Horn of Africa, , South, Taiwan, Virginia, , Sri Lanka, Bata , Equatorial Guinea, Gwadar, Pakistan, Kribi, Cameroon, Ream, Vanuatu, Nacala, Mozambique, Nouakchott, Mauritania, Colombo, Equatorial Guinea, Gabon, West Africa, South China, East Asia, East, Asia, Washington In Washington, Nanchang, Qingdao, Shandong province, Massachusetts
PERRY, Florida, Aug 31 (Reuters) - Cleanup and recovery from Hurricane Idalia began on Thursday along Florida's Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that struck the state nearly a year ago. "The bad news type calls we were accustomed to during Ian, those were not happening during this storm," DeSantis said at a late-afternoon news conference on Wednesday. Florida Highway Patrol reported that two motorists had died in separate rain-related crashes early Wednesday before Idalia made landfall. Reuters Graphics[1/3]A vehicle is seen in a canal after the arrival of Hurricane Idalia in Horseshoe Beach, Florida, U.S., August 30, 2023. The same region, featuring a marshy coast and threaded with freshwater springs and rivers, was devastated by a major hurricane in 1896.
Persons: Hurricane Idalia, Idalia, Ron DeSantis, Perry, Ian, DeSantis, Cheney Orr, Jared Perdue, Casey DeSantis, Maria Alejandra Cardona, Marco Bello, Joey Roulette, Rich McKay, Brendan O'Brien, Brad Brooks, Kanishka Singh, Jeff Mason, Nandita Bose, Steve Gorman, Michael Perry Organizations: Hurricane, National Guard, UBS, Florida Highway Patrol, Reuters, REUTERS, HIT, state's Transportation Department, Reuters Graphics Reuters, National Hurricane Center, NHC, Thomson Locations: PERRY, Florida, Gulf Coast, Keaton, Florida's Big Bend, Taylor, Hernando counties, St . Petersburg, Georgia, Horseshoe Beach , Florida, U.S, Florida's, Big Bend, Gulf, Gainesville, Tallahassee, Bend, Hillsborough County, Tampa, Gulf of Mexico, Cuba, South Carolina, North Carolina, Steinhatchee , Florida, Cedar Key , Florida, Tampa , Florida, Atlanta, Chicago, Longmont , Colorado, Washington
Thomas Simonetti/The Washington Post/Getty ImagesA view of the flooding in Cedar Key, Florida, on August 30, 2023. Julio Cesar Chavez/ReutersPhotos on the Cedar Key Fire Rescue Facebook account showing some of the early destruction. And unlike Key West, Cedar Key has avoided high-end commercial development along its shores and remains a low-key spot. What Idalia did to Cedar KeyA vehicle was partially submerged after the arrival of Hurricane Idalia in Cedar Key on Wednesday. “Everything is flooded,” Shely Boivin, the manager of a beachfront motel in Cedar Key, told CNN.
Persons: CNN —, , Idalia, ” Michael Bobbitt, CNN’s John Berman, Thomas Simonetti, Julio Cesar Chavez, Bobbitt, , John Muir, ” Muir, Leslie Sturmer, Julio, Cesar Chavez, Reuters Levy, Mayor Heath Davis, “ We’re, ” Bobbitt, ” Heather Greenwood, CNN’s Carlos Suarez, Sean Rayford, Cheney Orr, Reuters Jewell Baggett, Cristobal Herrera, Ulashkevich, EFE, Jack Lemburg, Richard Burkhart, Douglas R, Clifford, Zuma Press Donnye Franklin, Joe Raedle, Rebecca Blackwell, Ron DeSantis, Savannah Alderman Nick Palumbo, Ken Kruse, Hurricane Idalia, Eva Marie Uzcategui, Christian Monterrosa, Stephen M, Dowell, Reagan Ortagus, Tyler, Bob Self, NOAA Ana Iris Aguiar, Alexandre Meneghini, Marco Bello, Adrees Latif, Samson, Victor Cassano's, Chris O'Meara, Yamil Lage, Sharon Walsh, Doug Engle, Christine Willis, Andrew West, Shely Boivin, ” Boivin, , John MacDonald Organizations: CNN, Rescue, Washington Post, Key, USA’s, University of Florida Institute of Food, Agricultural Sciences, WUFT, Reuters, Mayor, Tampa Bay Times, ZUMA Press, Press, Angels Episcopal Church, Savannah Morning, USA, Network Rescue, Zuma Press, AP Florida Gov, Savannah, Bloomberg, Getty, Duke, Orlando Sentinel, Florida Times, Union, AP, Reuters Pike Electric, Idalia, Southwest Airlines, Tampa International Airport, Reuters Home Depot, Reuters Fort Myers, Emergency Locations: Key , Florida, Gulf of Mexico, Cedar, Mexico, Dock, Horseshoe Beach , Florida, Bend, Tampa, Perry , Florida, Keaton Beach , Florida, Horseshoe Beach, Madison , Florida, Steinhatchee , Florida, Samarra, St, Savannah , Georgia, Savannah, Steinhatchee, Crystal River , Florida, Perry, Crystal, Tarpon Springs , Florida, Mayo , Florida, Tarpon Springs, Myers, Hurricane, Gainesville , Florida, Sumterville , Florida, Johns County , Florida, Florida, NOAA, La Coloma, Cuba, Clearwater , Florida, Playa Majana, Suwannee , Florida, Batabanó, AFP, Guanimar, Ocala , Florida, USA, Reuters Fort Myers Beach, Levy
Frequent weather catastrophes, induced in part by climate change, are bearing down on homeowners and would-be buyers. Here's how consumers can navigate the home insurance market amid increasing climate-driven weather risks:The home insurance market disruption is going to get worseThings are likely to get worse for homeowners and would-be buyers. Also in June, Farmers Insurance became the latest insurer to pull out of Florida, a market that's been roiled with turmoil for many years. Policyholders should expect to pay moreThe average cost of homeowners insurance nationwide is $2,777 a year, with rates varying by state, according to Insurance.com, a consumer comparison service. Already, some homeowners are choosing to roll the dice on ownership without insurance rather than pay increasing premiums.
Persons: Hurricane Ian, Idalia, Ian —, John Dickson, David A, Sampson, , George Hosfield, Rich Sorkin, Stephen Bennett Organizations: Global, Aon, American, Casualty Insurance Association . Insurance, LexisNexis, Allstate, Farmers Insurance, Jupiter Intelligence Locations: Pine, Hurricane, Matlacha , Florida, Florida, California, Cuba, Oklahoma, Hawaii, Arkansas, Louisiana , Nebraska , Iowa , Kansas , Oklahoma , Illinois, Kentucky, Tennessee
IS CLIMATE CHANGE AFFECTING HURRICANES? Yes, climate change is making hurricanes wetter, windier and altogether more intense. If it were not for the oceans, the planet would be much hotter due to climate change. Climate change can also boost the amount of rainfall delivered by a storm. It is unclear, however, if climate change is affecting the number of hurricanes that form each year.
Persons: Roy Ross, Storm, Alexandre Meneghini, Allison Wing, Gloria Dickie, Marguerita Choy Organizations: REUTERS, El Nino, Nature Communications, U.S . National Oceanic, Atmospheric Administration, NOAA, Florida State University . Hurricane, U.S, Northeastern Seaboard, North America, Atlantic, Hurricanes, South Pacific, Thomson Locations: Playa Majana, Cuba, Coast, U.S, Florida, , Florida, New York, Boston, Beijing, Tokyo, North, Asia's Bay, Bengal, North Pacific, East Asia, South, London
A passenger went overboard the massive Wonder of the Seas cruise ship on Tuesday near Cuba. The Royal Caribbean ship is the largest passenger cruise ship currently in service. AdvertisementAdvertisementA passenger went overboard the largest cruise ship in the world on Tuesday, a Royal Caribbean spokesperson confirmed to Insider. The 230,000-ton cruise ship was two days into its seven-day itinerary after it left Port Canaveral, Florida, on Sunday. Overboard incidentsThis is at least the sixth person to go overboard a cruise ship in the past three months.
Persons: Princess, Travis Heggie, CLIA Organizations: Royal, Coast Guard, Morning, Fox, Passengers, Facebook, Royal Caribbean, US Coast Guard, South, Cuban Border Guard, Hurricane Idalia, Cruise, Bowling Green State University, Cruise Lines International Association Locations: Cuba, Royal Caribbean, Miami, South Florida, Port Canaveral , Florida, Florida
A resident drives past a fallen tree due to the high winds from Hurricane Idalia in Clearwater, Florida, U.S., August 30, 2023. REUTERS/Adrees Latif/File Photo Acquire Licensing RightsAug 30 (Reuters) - Airlines in the United States canceled more than 1,000 flights on Wednesday as Hurricane Idalia slammed into the Big Bend region of Florida, but the storm's power ebbed as it headed toward Georgia. Southwest Airlines (LUV.N) canceled more than 220 flights, while Delta Air Lines (DAL.N) canceled 157 flights, as of 12 p.m. Airports at Tampa, Clearwater and Tallahassee shut down operations and were monitoring the status of the storm. American Airlines (AAL.O) said it had suspended operations at multiple airports in Florida including Tampa, Sarasota and Tallahassee, and canceled 167 flights as of Wednesday morning.
Persons: Adrees Latif, Idalia, Shivansh Tiwary, Nathan Gomes, Shounak Dasgupta Organizations: REUTERS, Airlines, United States, Southwest Airlines, Delta Air Lines, Airports, Tampa Airport, Jacksonville International Airport, American Airlines, Thomson Locations: Hurricane, Clearwater , Florida, U.S, United, Bend, Florida, Georgia, Tampa , Clearwater, Tallahassee, Gulf Coast, Cuba, Tampa , Sarasota, Bengaluru
STEINHATCHEE, Florida, Aug 30 (Reuters) - Florida's Gulf Coast braced on Wednesday for fierce winds, torrential rain and surging seawater from Idalia, forecast to become "an extremely dangerous" Category 4 hurricane, as it swirled toward a direct hit on the state's Big Bend region. Most of Florida's 21 million residents, and many in the adjacent states of Georgia and South Carolina, were under hurricane warnings and other storm-related advisories. Any storm reaching Category 3 or higher is considered a major hurricane. 1 killer in all of these storms is water," Deanne Criswell, the Federal Emergency Management Agency's administrator, said on CNN. Idalia-related disruptions extended to Florida's Atlantic coast at Cape Canaveral, where the Tuesday launch of a rocket carrying a U.S. Space Force intelligence satellite was delayed indefinitely.
Persons: Kevin Guthrie, Rene Hoffman, Idalia, Steve Pizzano, Adrees Latif, Biden, Ron DeSantis, Irma, Michael, Ian, DeSantis, Milton Bontrager, Maria Alejandra Cardona, Marco Bello, Joey Roulette, Rich McKay, Nelson Acosta, Dave Sherwood, Brad Brooks, Brendan O'Brien, Nandita Bose, Steve Gorman, Gerry Doyle Organizations: Reuters Graphics Reuters, National Hurricane Center, NHC, REUTERS, Federal Emergency Management, CNN, White, Florida, Republican, U.S . Space Force, Tampa International Airport, National Guard, Thomson Locations: STEINHATCHEE, Florida, Idalia, Bend, Gulf of Mexico, Georgia, South Carolina, Steinhatchee , Florida, Miami, Cedar Key , Florida, Gulf Coast, North, Sarasota, Apalachicola Bay ., Clearwater Beach , Florida, U.S, Gulf, Gainesville, Tallahassee, Tampa, St, Petersburg, Cape Canaveral, Cuba, Tampa , Florida, Atlanta, Havana, Guanimar, Longmont , Colorado, Chicago, Washington
A resident drives past a fallen tree due to the high winds from Hurricane Idalia in Clearwater, Florida, U.S., August 30, 2023. REUTERS/Adrees Latif/File Photo Acquire Licensing RightsAug 30 (Reuters) - Airlines in the United States canceled more than 850 flights on Wednesday as Hurricane Idalia made landfall in Florida's Big Bend region as an "extremely dangerous" Category 3 storm. Southwest Airlines (LUV.N) canceled more than 200 flights, while Delta Air Lines (DAL.N) and American Airlines (AAL.O) canceled 148 and 98 flights, respectively, as of 8:17 a.m. Airports at Tampa, Clearwater and Tallahassee shut down operations and were monitoring the status of the storm. Reporting by Shivansh Tiwary and Nathan Gomes in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Adrees Latif, Idalia, Shivansh Tiwary, Nathan Gomes, Shounak Dasgupta Organizations: REUTERS, Airlines, United States, Southwest Airlines, Delta Air Lines, American Airlines, Airports, Tampa Airport, Jacksonville International Airport, Thomson Locations: Hurricane, Clearwater , Florida, U.S, United, Florida's Big Bend, Tampa , Clearwater, Tallahassee, Idalia, Cuba, Bengaluru
Mandatory credit Kyodo/via REUTERS Acquire Licensing RightsBENGALURU, Aug 29 (Reuters) - Oil prices edged higher on Tuesday as Hurricane Idalia intensified as it headed towards Florida's Gulf Coast, threatening to hit crude oil supplies in an already tightening market. Brent crude oil futures rose 34 cents, or 0.4%, to $84.76 a barrel by 11:44 a.m. EDT [1544 GMT], while the U.S. West Texas Intermediate futures rose 36 cents, or 0.5%, to $80.46 a barrel. U.S. crude oil inventories are expected to have dropped in the latest week, according to a preliminary Reuters poll on Monday. On the demand front, investors are monitoring data from major economies for further clues on interest rates this year and next. Federal Reserve Chair Jerome Powell on Friday said the U.S. central bank may need to raise interest rates further to cool stubborn inflation.
Persons: Idalia, Phil Flynn, Jerome Powell, Shariq Khan, Natalie Grover, Emily Chow, Louise Heavens, David Goodman, Mike Harrison Organizations: Kyodo, REUTERS Acquire, Rights, Brent, U.S . West Texas, Chevron, Marathon Petroleum, American Petroleum Institute, Futures, Federal, Thomson Locations: Idemitsu, Ichihara, Tokyo, Japan, Gulf, U.S, Florida, Cuba, Mexico, Garyville , Louisiana, United States, Beijing, Bengaluru, London, Singapore, Houston
Oil slips as demand worries outweigh supply concerns
  + stars: | 2023-08-29 | by ( Emily Chow | ) www.reuters.com   time to read: +2 min
Mandatory credit Kyodo/via REUTERS Acquire Licensing RightsSINGAPORE, Aug 29 (Reuters) - Oil prices slipped on Tuesday as worries that further possible U.S. interest rate hikes could pull down demand outweighed concerns that a tropical storm off the U.S. Gulf Coast may impact supply. Investors await key U.S. economic data later this week that will help determine the path of interest rates this year and next. FEDWATCH"It may be difficult for oil prices to maintain the strong bull trend (seen) in July at this stage. The U.S. and European economies will face downward pressure in the fourth quarter until interest rates peak," said CMC Markets analyst Leon Li. "So there might be a concern about demand, which puts pressure on oil prices.
Persons: Brent, Jerome Powell, Leon Li, Idalia, Emily Chow, Arathy, Tom Hogue Organizations: Kyodo, REUTERS Acquire, Rights, U.S, West Texas, Federal, National Australia Bank, Thomson Locations: Idemitsu, Ichihara, Tokyo, Japan, U.S, Gulf, Beijing, WTI, Cuba, Florida, Singapore, Houston, Lincoln
Mandatory credit Kyodo/via REUTERS Acquire Licensing RightsSINGAPORE, Aug 29 (Reuters) - Oil prices traded flat on Tuesday as worries that further possible U.S. interest rate hikes could pull down demand were countered by concerns a tropical storm off the U.S. Gulf Coast may impact supply. Investors await key U.S. economic data later this week that will help determine the path of interest rates this year and next. FEDWATCH"It may be difficult for oil prices to maintain the strong bull trend (seen) in July at this stage. The U.S. and European economies will face downward pressure in the fourth quarter until interest rates peak," said CMC Markets analyst Leon Li. "So there might be a concern about demand, which puts pressure on oil prices.
Persons: Brent, Jerome Powell, Leon Li, Idalia, Emily Chow, Arathy, Tom Hogue Organizations: Kyodo, REUTERS Acquire, Rights, U.S, West Texas, Federal, National Australia Bank, Thomson Locations: Idemitsu, Ichihara, Tokyo, Japan, U.S, Gulf, Beijing, WTI, Cuba, Florida, Singapore, Houston, Lincoln
Higher winds. In a 2018 paper, Dr. Kossin wrote that hurricanes over the United States had slowed 17 percent since 1947. Dr. Kossin likened the problem to walking around your back yard while using a hose to spray water on the ground. Because warmer water helps fuel hurricanes, climate change is enlarging the zone where hurricanes can form. There is a “migration of tropical cyclones out of the tropics and toward subtropics and middle latitudes,” Dr. Kossin said.
Persons: , James P, Kerry Emanuel, , Kossin, “ you’ll, Emanuel, Dr Organizations: National Oceanic, Atmospheric Administration, Hurricanes, Massachusetts Institute of Technology, National Hurricane Center, Researchers Locations: United States, subtropics, Japan
Aug 29 (Reuters) - Tropical Storm Idalia closed in on Florida's Gulf Coast on Tuesday after skirting past Cuba, headed for a U.S. landfall as a powerful Category 3 storm, prompting authorities to order evacuations of vulnerable shoreline areas. [1/3]People walk on a flooded street as Storm Idalia makes landfall in Cuba, Guanimar, Cuba, August 28, 2023. MOVING TO HIGHER GROUNDEvacuations of barrier islands and other low-lying areas of Florida's Gulf Coast began on Monday. Far to the east of Idalia, Hurricane Franklin, the first major hurricane of the season, meandered in the Atlantic, and was forecast to turn to the northeast over the next two days. The Category 4 storm threatened to bring heavy swells to Bermuda and the U.S. East Coast throughout the week.
Persons: Idalia, Buckle, Ron DeSantis, Irma, Michael, Ian, Guan, Storm Idalia, Alexandre Meneghini, We've, Yadira Alvarez, Shannon Hartsfield, Hartsfield, DeSantis, Hurricane Franklin, Rich McKay, Dave Sherwood, Brendan O'Brien, Steve Gorman, Swati Verma, Lincoln Organizations: U.S, Hurricane Center, NHC, Storm, REUTERS, Authorities, Coast, Hartsfield, Tampa International, National Guard, meandered, U.S ., Reuters Graphics Reuters, Thomson Locations: Florida's, Coast, Cuba, Miami, Bend, Florida, Gulf, Mexico, Sarasota, Tampa, Apalachicola Bay, Caribbean, Havana, Guanimar, Pinar del Rio, Florida's Gulf Coast, Georgia, North, South Carolina, Idalia, Hurricane, Bermuda, U.S . East Coast, Atlanta, Chicago, Los Angeles, Bengaluru
[1/5] Men cut plywood in front of a store ahead of the arrival of Hurricane Idalia in Cedar Key, Florida, U.S., August 29, 2023. WHAT ARE 'STORM SURGES' and 'KING TIDES'? "Storm surges" occur when high winds and atmospheric pressure from an oncoming hurricane force ocean water onto land. Reuters GraphicsEVACUATION ZONESAuthorities are scrambling to move thousands of Florida residents out of danger before nightfall. Florida Governor Ron DeSantis has declared a state of emergency for 46 Florida counties.
Persons: Marco Bello, Idalia, Irma, Michael, Ian, Idalia's, Ron DeSantis, Julia Harte, Andy Sullivan, Cynthia Osterman, Bernadette Baum Organizations: REUTERS, NHC, National Guard, Tampa International Airport, Thomson Locations: Cedar Key , Florida, U.S, Florida, Bend, Georgia, South Carolina, Cuba, ., Apalachicola Bay, Tampa, Sarasota, Citrus County
[1/5] Men cut plywood in front of a store ahead of the arrival of Hurricane Idalia in Cedar Key, Florida, U.S., August 29, 2023. It is expected to reach Category 3 on the five-step Saffir-Simpson wind scale, qualifying it as a major hurricane, before reaching Florida's Gulf Coast on Wednesday morning, according to the National Hurricane Center (NHC). EVACUATION ZONESAuthorities are scrambling to move thousands of Florida residents out of danger before nightfall. At least 23 Florida counties have posted evacuation orders on their websites or social media pages as of Tuesday morning, including for parts of Tampa. DISRUPTIONSEven Floridians not under evacuation orders should expect disruptions as a result of Idalia, from power outages to shuttered schools and businesses.
Persons: Marco Bello, Idalia, Irma, Michael, Ian, Idalia's, Ron DeSantis, Julia Harte, Andy Sullivan Organizations: REUTERS, National Hurricane Center, NHC, National Guard, Tampa International Airport, Thomson Locations: Cedar Key , Florida, U.S, Florida's Gulf Coast, Florida, Georgia, South Carolina, of Mexico, Cuba, Gulf Coast, Bend, ., Apalachicola Bay, Tampa, Sarasota, Citrus County
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