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☆ Oil slips 1% on concerns over delayed OPEC+ meeting
▼ + stars: | 2023-11-23 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. U.S. West Texas Intermediate crude slid 75 cents, or 1%, to $76.35 after dropping as much as 5% in the previous session. In a surprise move on Wednesday, the Organization of the Petroleum Exporting Countries and allies including Russia delayed a ministerial meeting at which they were expected to discuss oil output cuts to Nov. 30. OPEC+ members Angola and Nigeria are aiming for higher oil output, officials told Reuters on Thursday. "However, it may be more difficult to bridge the gap with Angola, which has been a moodier member of the producer group since it joined in 2007."

Persons: Angus Mordant, Helima Croft, Phil Flynn, Nia Williams, Natalie Grover, Arathy, Andrew Hayley, Mark Potter, David Goodman, Alexandra Hudson, Marguerita Choy, Jonathan Oatis Organizations: REUTERS, Brent, . U.S . West Texas, U.S, Organization of, Petroleum, Producers, Reuters, Capital Markets, Price Futures Group, Thomson Locations: Loving County , Texas, U.S, ., Russia, OPEC, Angola, Nigeria, Saudi Arabia, Chicago, British Columbia, London, Houston, Beijing

☆ Oil slips 2% on growing angst over delayed OPEC+ meeting
▼ + stars: | 2023-11-23 | by ( Natalie Grover | ) 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. U.S. West Texas Intermediate crude slid $1.37, also about 1.4%, to $75.73 after dropping as much as 5% in the previous session. In a surprise move on Wednesday, the Organization of the Petroleum Exporting Countries and allies including Russia delayed to Nov. 30 a ministerial meeting at which they were expected to discuss oil output cuts. Angola, Congo and Nigeria are seeking to raise their 2024 supply quotas above the provisional levels agreed at the June meeting of the OPEC+ producer group. The questions over OPEC+ supply come as data showed that U.S. crude stocks jumped by 8.7 million barrels last week, much more than the 1.16 million build analysts had expected.

Persons: Angus Mordant, Helima Croft, Tamas Varga, Natalie Grover, Arathy, Andrew Hayley, Mark Potter, David Goodman, Alexandra Hudson Organizations: REUTERS, Brent, . U.S . West Texas, Organization of, Petroleum, Producers, Capital Markets, Alexandra Hudson Our, Thomson Locations: Loving County , Texas, U.S, ., Russia, OPEC, Angola, Congo, Nigeria, Saudi Arabia, London, Houston, Beijing

☆ Oil slips 1% on growing angst over delayed OPEC+ meeting
▼ + stars: | 2023-11-23 | by ( Natalie Grover | ) 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. U.S. West Texas Intermediate crude slid 86 cents, also about 1.1%, to $76.24 after dropping as much as 5% in the previous session. In a surprise move on Wednesday, the Organization of the Petroleum Exporting Countries and allies including Russia delayed to Nov. 30 a ministerial meeting at which they were expected to discuss oil output cuts. Angola, Congo and Nigeria were seeking to raise their 2024 supply quotas above the provisional levels agreed at the June meeting of the OPEC+ producer group, analysts said. The questions over OPEC+ supply come as data showed that U.S. crude stocks jumped by 8.7 million barrels last week, much more than the 1.16 million build analysts had expected.

Persons: Angus Mordant, Helima Croft, Tamas Varga, Natalie Grover, Arathy, Andrew Hayley, Mark Potter, David Goodman Organizations: REUTERS, Brent, . U.S . West Texas, Organization of, Petroleum, Producers, Capital Markets, Thomson Locations: Loving County , Texas, U.S, ., Russia, OPEC, Angola, Congo, Nigeria, Niger, Saudi Arabia, London, Houston, Beijing

☆ Oil down more than 1% as uncertainty swirls over delayed OPEC+ meeting
▼ + stars: | 2023-11-23 | by ( ) 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. In a surprise move, the Organization of the Petroleum Exporting Countries and allies including Russia delayed to Nov. 30 a ministerial meeting where they were expected to discuss oil output cuts. Producers were struggling to agree on output levels and hence possible reductions ahead of the meeting originally set for Nov. 26, OPEC+ sources said. Analysts said that Angola, Congo and Nigeria were seeking to raise their 2024 supply quotas above the provisional levels agreed at the OPEC+ June meeting. U.S. oil rigs remained unchanged at 500 in the week to Nov. 22, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Wednesday.

Persons: Angus Mordant, Baker Hughes, Brent, Helima Croft, RBC's Croft, Arathy Somasekhar, Andrew Hayley, Sonali Paul, Muralikumar Organizations: REUTERS, OPEC, . U.S . West Texas, Trade, Organization of, Petroleum, Producers, RBC Capital Markets, ING Bank, U.S . Coast Guard, Thomson Locations: Loving County , Texas, U.S, ., United States, Russia, OPEC, Angola, Congo, Nigeria, Niger, Saudi Arabia, Gulf of Mexico, Houston, Beijing

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

☆ OPEC's big issue is getting Angola 'across the finish line', says RBC's Helima Croft
▼ + stars: | 2023-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOPEC's big issue is getting Angola 'across the finish line', says RBC's Helima CroftHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: RBC's Helima Croft, Brian Sullivan, “ Organizations: CNBC Locations: Angola

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

☆ Oil retreats on caution ahead of OPEC+ meeting
▼ + stars: | 2023-11-21 | by ( Florence Tan | ) www.reuters.com time to read: +3 min

Brent crude futures fell 51 cents, or 0.6%, to $81.81 a barrel by 0746 GMT, while U.S. West Texas Intermediate crude futures were at $77.32 a barrel, down 51 cents, or 0.7%. Both contracts climbed about 2% on Monday after three OPEC+ sources told Reuters that the group, made up of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, was set to consider whether to make additional oil supply cuts when it meets on Nov. 26. "Market participants have started to price in an extension of the current quantum oil supply cut into 2024 or even deeper cuts in the upcoming OPEC+ meeting," he added. OPEC+ is likely to extend or even deepen oil supply cuts into next year, eight analysts have predicted. Weekly stockpile reports from the American Petroleum Institute and the Energy Information Administration are due later on Tuesday and Wednesday, respectively.

Persons: Kelvin Wong, Helima Croft, Florence Tan, Yuka Obayashi, Sonali Paul, Jacqueline Wong Organizations: cnsphoto, REUTERS, Walmart Inc, SINGAPORE, Brent, U.S, West Texas, Reuters, Organization of, Petroleum, RBC Capital, Traders, Walmart, American Petroleum Institute, Energy Information Administration, Thomson Locations: Zhoushan, Zhejiang province, China, Singapore, OPEC, Saudi Arabia, U.S, Tokyo

☆ When people move out, wildlife moves in: 10 abandoned places reclaimed by nature
▼ + stars: | 2023-11-20 | by ( Arya Jyothi | ) edition.cnn.com time to read: +15 min

The temple and surrounding forested areas were abandoned three centuries later, when the king moved the capital of the empire away from Angkor. People started moving out in the 1990s and by 2002, the village was completely abandoned. People started moving out in the 1990s and by 2002, the village was completely abandoned. The Whanganui River holds 18 fish species including eels, freshwater crayfish and black flounders. Graham Harries/ShutterstockLocated off the Pembrokeshire coast in west Wales, stands a time capsule in the form of a long-abandoned island fort.

Persons: Prohm, King Jayavarman, Alexander Arndt, Angelina Jolie’s, “ Lara Croft, pileated gibbons, silvered, Johannes Eisele, Leo Francini, Marcio Martins, University of São Paulo, Martins, “, Al Madam, Giuseppe Cacace, Yasuyoshi Chiba, James Beasley, allan wright, Kilda, Graham Harries, Shutterstock, Nicholas Mueller, ”, Mueller Organizations: CNN, Wildlife Alliance, ., Steam, SS, Titanic, Cyclone, University of São, Google Arts & Culture, National Institute of Ecology, Al, Getty, United Arab, Japan Earthquake, University of Georgia, TED, UNESCO Locations: CNN —, Europe, Ta Prohm, Cambodia, Angkor Thom, Khmer, Angkor, Shengshan Island, China, AFP, Houtouwan, Shengshan, Zhoushan, Mangapurua, , New Zealand, Nowhere, Mangapurua Valley, New, Whanganui, North, Australia, Grande, Brazil, Sao Paulo, Marcio, Korea, South Korea, Al Madam Village, UAE, Al, Dubai, United Arab Emirates, Sharjah, Fukushima, Japan, St Kilda, Scotland, Scotland’s, Kilda, Atlantic, Soay, Boreray, Fort, Wales, Pembrokeshire

☆ Not seeing a 'significant slowdown' in oil demand, says RBC's Helima Croft
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot seeing a 'significant slowdown' in oil demand, says RBC's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Closing Bell Overtime' to talk the state of the crude oil market as prices climb after slipping last week.

Persons: RBC's Helima Croft Helima Croft Organizations: RBC Capital Markets

☆ Oil set for third weekly decline as demand worries weigh
▼ + stars: | 2023-11-10 | by ( Ahmad Ghaddar | ) www.reuters.com time to read: +2 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Both contracts are set to fall about 5% on the week. "Concerns about demand have replaced the fear of production outages related to the Middle East conflict," Commerzbank said. Weak Chinese economic data this week increased worries of faltering demand. Additionally, refiners in China, the largest buyer of crude oil from the world's largest exporter Saudi Arabia, asked for less supply from Saudi Arabia for December.

Persons: Angus Mordant, Commerzbank, Helima Croft, Sudarshan Varadhan, Nick Macfie Organizations: REUTERS, Brent, U.S, West Texas, of, Petroleum, RBC Capital Markets, Citi, Thomson Locations: Loving County , Texas, U.S, refiners, China, Saudi Arabia, Russia, Singapore

☆ RBC Capital's Helima Croft talks crude oil markets tumbling to three-month low
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC Capital's Helima Croft talks crude oil markets tumbling to three-month lowHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Helima Croft, Brian Sullivan, “ Organizations: RBC, CNBC

☆ Why Are Oil Prices Falling While War Rages in the Middle East?
▼ + stars: | 2023-11-09 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: +5 min

Yet, after a few days of anxiety following the bloody Oct. 7 raids by Hamas militants in Israel, energy markets have been slumping. Mr. Alkadiri said that traders are unlikely to bid up prices unless they see “actual barrels removed” from the market. Saudi Arabia and other producers have been trying to support prices by reducing their oil output. Forecasters are warning that 2024 could be a difficult year in the oil markets. Haves and Have-notsAs the fighting continues, traders have figured out that when it comes to oil there are haves and have-nots in the Middle East.

Persons: Brent, hasn’t, ”, Richard Bronze, Raad Alkadiri, Alkadiri, Helima Croft, Croft, “, Biden, “ It’s Organizations: Eurasia Group, U.S . Energy Information Administration, ”, Group, American, RBC Capital Markets, Central Intelligence Agency Locations: Israel, London, China, Saudi Arabia, United States, East, Gaza, Iraq, Iran, Saudi, Hormuz, Ukraine, ”, Persian

☆ All the best celebrity costumes over Halloween weekend
▼ + stars: | 2023-10-30 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

Scroll down to see some of the best celebrity costumes from Halloween 2023. Rachpoot/Bauer-Griffin/GC Images/Getty ImagesJodie Turner-Smith opted for a bustier and printed dress as a devilish cowgirl. Rachpoot/Bauer-Griffin/GC Images/Getty ImagesKyle MacLachlan's pickleball match appeared to have gone dangerously wrong. Rachpoot/Bauer-Griffin/GC Images/Getty ImagesParis Hilton as Britney Spears' iconic blue flight attendant outfit from the "Toxic" music video. Rachpoot/Bauer-Griffin/GC Images/Getty Images

Persons: Barbie, Greta Gerwig’s, Lister, Megan Fox, Bill ”, Edward Norton, David Beckham, Britney Spears, Austin Butler, Andy Warhol, Kaia Gerber, Edie Sedgwick, Cindy Crawford, Sandy Olsson, Presley Gerber, Raoul Duke, Rande Gerber, Danny Zuko, Matt Winkelmeyer, Halsey, Bauer, Griffin, Jodie Turner, Smith, Shauna Robertson, Michael Kovac, Kelly, Kyle MacLachlan's pickleball, Max, Betty Boop, Michael Loccisano, Justin Bieber, Hailey Bieber, Rachpoot, Kelsea Ballerini, Gilbert Carrasquillo, Lori Harvey, Lara Croft, Paris Hilton, Hilton, Katy Perry, Demi Lovato, Brett, Jason Oppenheim, Sabrina Carpenter Organizations: CNN, Los Angeles, Paris Hilton, Netflix, Victoria, Paris Locations: ’ New York, London, Los, Las Vegas

☆ Salman Rushdie stabbing: Trial date set for suspect accused in the author’s attack
▼ + stars: | 2023-10-28 | by ( Jay Croft | ) edition.cnn.com time to read: +2 min

CNN —The man accused of stabbing author Salman Rushdie and another person onstage has been scheduled for trial in January, prosecutors say. Hadi Matar is expected to stand trial January 8, Chautauqua County District Attorney Jason Schmidt said Friday. Rushdie was blinded in the eye and the attack also affected the use of one of his hands. A week after the stabbing, Matar, then 24, pleaded not guilty to charges of second-degree attempted murder and second-degree assault, CNN previously reported. Rushdie has a memoir, “Knife: Meditations After an Attempted Murder,” set to be published next year.

Persons: Salman Rushdie, Hadi Matar, Jason Schmidt, Schmidt, Rushdie, “ I’ve, ” Schmidt, Ruhollah Khomeini, Matar, ” Organizations: CNN, Chautauqua Institution, Police Locations: Chautauqua County, New York

Law enforcement officials say Card, a US Army reservist and certified firearms instructor, had extensive training that included land navigation and firearms. Law enforcement prepare for a search for a gunman who killed 18 people two days ago, in Lewiston, Maine, on Friday. A law enforcement official said Friday that investigators have also recovered a cell phone that belonged to the suspect. The encounters happened 10 days after Card purchased the high-powered rifle at a Maine gun store, law enforcement sources said. A shelter in place sign is displayed in Lewiston, Maine, on October 27, 2023, in the aftermath of a mass shooting.

Persons: Robert Card, Michael Sauschuck, Janet Mills, ” Mills, “, –, ”, Tricia Asselin, CNN’s Kaitlan Collins, ” Tammy Asselin, he’s, Kevin Lamarque, …, Tammy Asselin, Tricia, Joe Biden, ” Biden, trickled, Deborah Roy, CNN she’d, ” Roy, Roy, “, Robert F, Sauschuck, Card, ” Sauschuck, haven’t, CNN’s John Miller, Angela Weiss, “ belligerently, Peyton Brewer, Ross, Tommy Conrad, Michael Deslauriers II, Bryan MacFarlane, Arthur Strout, Joseph Walker, Joshua Seal, Maxx Hathaway, Ron Morin, Bill Young, Aaron Young, Stephen Vozzella, Bob Violette, Billy, Jason Adam Walker, Keith D, Macneir, Lucille M, Violette, Bill, Aaron, Aaron’s, Kayla Putnam, Putnam, “ It’s, ” Putnam, WCVB, Lucille, “ Bob’s, Brandon Dubuc, ” CNN’s Shimon Prokupecz, Jamiel Lynch, Jeanne Bonner, Jay Croft, Alaa Elassar, Raja Razek, Mary Kay Mallonee, Michelle Watson Organizations: CNN, Maine Public, Maine Gov, Recreation, Authorities, US Army, Reuters, ”, Law, Getty, Army Reserve, New York State Police, Camp Smith, Army, Card, Ruger, FBI, Violette Maine Department of Public, WBZ Locations: Maine, Lewiston, Lisbon Falls , Maine, –, Lisbon, “, ”, Lewiston , Maine, Auburn, Androscoggin, Cortlandt , New York, Sagadahoc

CNN —For the victims of the mass shooting Wednesday night in Lewiston, Maine, it was an ordinary night out. Even on her night off on Wednesday, Asselin was at Just-in-Time, her brother told CNN. He was one the victims lost in the shooting in Maine,” the organization wrote in a Facebook post Thursday. Arthur “Artie” StroutArthur "Artie" Strout Strout family/WBZArthur “Artie” Strout, 42, was at Schemengees during the shooting, his father, Arthur Bernard, told CNN affiliate WBZ. His death has left his family in “shock and profound grief,” his family member Cecile Francoeur Martin told CNN.

Persons: Robert Card, Michael Sauschuck, Tricia Asselin Tricia Asselin, CNN Tricia Asselin, Asselin, I’m, ” DJ Johnson, ”, Johnson, Stephen “ Steve ” Vozzella Stephen Vozzella, Megan Vozzella Stephen Vozzella, Vozzella, Brian L, Renfroe, “, Governor Baxter, Karen Hopkins, ” Vozzella, NEDC, Steve Vozzella, he’d, Peyton Brewer, Ross Peyton Brewer, Ross, CNN Peyton Brewer, Ralph Brewer, Brewer, cornhole, Schemengees . Brewer, Ross “, Elle, Thomas “ Tommy ” Conrad Tommy Conrad, Timothy Conrad Tommy Conrad, Conrad, Michael Deslauriers, Vicki Deslauriers Roy, Michael Deslauriers II, Michael Deslauriers Sr, Deslauriers, ” Deslauriers, ” Jason Walker Jason Walker, Mike Sauschuck, Bryan MacFarlane Bryan MacFarlane, Keri Brooks Bryan MacFarlane, Keri Brooks, MacFarlane, Brooks, Arthur “ Artie ” Strout Arthur, Artie, Strout, WBZ Arthur, Artie ” Strout, Arthur Bernard, Bernard, Joseph “ Joey ” Walker Joseph Walker, CNN Leroy Walker, Joseph Walker, Walker, Joseph, ” Leroy Walker, it’s, ” Joshua Seal Lewiston, Joshua Seal, Seal, Janet Mills, Nirav Shah, Elizabeth Seal, Joshua, ” Seal’s, ” Keith Macneir Keith Macneir, Maxx Hathaway Maxx Hathaway, Kelsay Hathaway, GoFundMe Maxx Hathaway, ” Kelsay Hathaway, “ Brenda, Maxx, Brenda Hathaway, Lilian, Brenda, ” Kelsay, Courtney Hathaway, she’s, he’s, ” Courtney Hathaway, “ Maxx, Robert “ Bob ” Violette Bob Violette, Violette, CNN Bob Violette, “ Bob’s, Brandon Dubuc, ” Witnesses, Cassandra Violette, Lucille Violette Lucille Violette, Bob Violette, William “ Bill ” Young, Aaron Young, Bill Young, Aaron, Kayla Putnam, CNN Bill Young, Young, Putnam, Bill, “ He’s, ” Putnam, WCVB, “ It’s, Rob, ” Rob, Ronald “ Ron ” Morin, Ron Morin, Ron Morin Ron Morin, Cecile Francoeur Martin, Martin, Morin’s, Morin, ” William Frank Brackett William Frank Brackett, CNN’s Caroll Alvarado, Elizabeth Wolfe, Sara Smart, Afshar, Amanda Jackson, Cara Lynn Clarkson, Aya Elamroussi Organizations: CNN, Public, New, Deaf, National Association of, Carriers, U.S . Postal Service, Governor, Governor Baxter School, Deaf Cornhole, “, Schemengees, WMTW, Facebook, Historical Society, of Public, WBZ, WGME, Tree Society, Maine Gov, Boston Globe, Portland Press Herald, Press Herald, WCVB, Bangor Daily News Locations: Lewiston , Maine, Lisbon Falls, United States, Uvalde , Texas, Lewiston, Maine, Schemengees, Auburn , Maine, “

☆ Any further escalation of tensions in Iran is bad for the oil markets, says RBC's Helima Croft
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAny further escalation of tensions in Iran is bad for the oil markets, says RBC's Helima CroftHelima Croft, Global Head of Commodity Strategy at RBC Capital Markets, discusses the U.S. attack on Syria and what it means for the global economy.

Persons: RBC's Helima Croft Helima Croft Organizations: Global, RBC Capital Markets Locations: Iran, Syria

☆ Oil set for first weekly drop in three as Mideast situation holds
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: +2 min

In an aerial view, oil storage tanks are shown at the Enterprise Sealy Station on August 28, 2023 in Sealy, Texas. Oil prices rose on Friday, regaining ground after tumbling more than $2 a barrel in the previous session as concerns of a wider Middle East conflict eased while the United States, the world's biggest oil consumer, showed signs of weakening demand. Both contracts are on track to post their first weekly drop in three weeks as the geopolitical premium built on fears that the Israel-Gaza conflict could involve more countries in the Middle East and disrupt oil supply has eased. Israeli forces carried out their biggest Gaza ground attack in their 20-day-old war with Hamas overnight, angering the Arab world. Prices could jump 20% in the less likely scenario of an interruption of trade through the Strait of Hormuz where 17% of global oil production transit, they said in a note.

Persons: Kelvin Yew, Benjamin Netanyahu, Helima Croft, Goldman Sachs, Brent Organizations: Enterprise, Brent, West Texas, Ocean, Investments, RBC Capital Locations: Sealy , Texas, United States, Israel, Gaza, Hormuz, Saudi Arabia, Russia

SINGAPORE, Oct 27 (Reuters) - Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria raised concerns of a widening of the Israel-Hamas conflict that could impact supply from the key Middle East producing region. Though the strike did not directly impact supply, it increases fears that the conflict in the Gaza Strip between Israel, backed by the U.S., and Hamas may spread and disrupt supply from major crude producer Iran, which backs Hamas. A wider war could also impact shipments from Saudi Arabia, the world's largest oil exporter, and other large producers in the Gulf. Both Brent and WTI are on track to post their first weekly drop in three weeks as the geopolitical premium built on these fears has ebbed as there has been no disruption of oil supply outside of the immediate region of the fighting. Israeli forces carried out their biggest Gaza ground attack in their 20-day-old war with Hamas overnight, angering the Arab world.

Persons: Brent, WTI, Kelvin Yew, Benjamin Netanyahu, Helima Croft, Goldman Sachs, Florence Tan, Sam Holmes, Christian Organizations: U.S, Brent, U.S . West Texas Intermediate, Islamic Revolutionary Guard Corps, Pentagon, Ocean, Investments, RBC Capital, Thomson Locations: SINGAPORE, Syria, Israel, U.S, Iraq, Gaza, Iran, Saudi Arabia, United States, Hormuz, Russia

☆ ‘Harry Potter’ and ‘Downton Abbey’ star Maggie Smith, 88, is the face of Loewe’s new campaign
▼ + stars: | 2023-10-26 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —Dame Maggie Smith, the British actress acclaimed for her appearances both on stage and in cinema, has taken on a new role — and this time it’s in the world of luxury fashion. Loewe has cast the 88-year-old, known for roles such as Professor McGonagall in the “Harry Potter” film franchise, in its spring/summer 2024 pre-collection campaign. The pointed hat and cape of Hogwarts are a distant memory as Smith sports three cosy and stylish looks for the campaign. In another, Smith is adorned in a floor-length faux fur coat and holds Loewe’s signature Puzzle bag. The actress is one of several older women who have fronted fashion lines and magazine covers in recent years.

Persons: Maggie Smith, Loewe, McGonagall, Harry Potter, Smith, Juergen Teller, Dakota Fanning, Greta Lee, Mike Faist, Josh O’Connor, Taeyong, Rachel Jones, Fei Fei Sun, Heartstopper, Sebastian Croft, Jonathan Anderson, “, Juergen Teller Smith —, Countess Violet Crawley, —, Oscar, Miss Jean Brodie, ”, Apo, Od, Dame Judi Dench Organizations: CNN, Loewe Creative, Broadway, Vogue Philippines, British Vogue Locations: British, Hogwarts, American, South Korean, ”, California

☆ The Biden administration is desperate to contain the Israel-Hamas war, strategist says
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Biden administration is desperate to contain the Israel-Hamas war, strategist saysHelima Croft of RBC Capital Markets says it "clearly [doesn't] want it spilling out beyond Gaza."

Persons: Biden, Helima Croft Organizations: RBC Capital Markets Locations: Israel, Gaza

U.S. President Joe Biden's administration is likely to tighten crude oil sanctions against OPEC member Iran in response to the Islamic Republic's backing of Palestinian militant group Hamas, according to Helima Croft, head of global commodity strategy at RBC Capital Markets. Her comments come ahead of a widely expected ground offensive by Israel into Gaza, a move that Croft believes could set the tone for the West's response to Iran. It has been more than two weeks since Israel announced a "complete siege" on the Gaza Strip, cutting off food, water, fuel and electricity supplies after a devastating Hamas attack. "It certainly looks like the United States is trying to delay an Israeli ground operation because they want to get out the hostages, they want to get out the hundreds of Americans that are trapped in Gaza, but the question is, is this going to be postponed indefinitely, but I think people are bracing for some type of escalation in Gaza," Croft told CNBC's Dan Murphy in Saudi Arabia on Wednesday. She described the oil price reaction to the Israel-Hamas war as "sanguine" so far, but nevertheless said "a lot's going to hinge on what does a potential ground operation look like" and that a widening of the conflict into the broader Middle Eastern region could affect the crude supplies of Iran.

Persons: Joe Biden's, Helima Croft, Croft, CNBC's Dan Murphy Organizations: OPEC, Hamas, RBC Capital Markets, Israel Locations: Iran, Israel, Gaza, United States, Saudi Arabia

☆ Saudi Arabia could play important role in finding off-ramp to Israel-Hamas crisis, says Helima Croft
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi Arabia could play important role in finding off-ramp to Israel-Hamas crisis, says Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss the mood from the FII Institute Conference, if there's been much talk about the Saudi Arabia-Israel relationship, and the companies who see business opportunities in the Middle East.

Persons: Helima Croft Helima Croft, there's Organizations: Saudi, RBC Capital Markets, FII Institute Conference Locations: Saudi Arabia, Israel

☆ Baltimore to pay $48 million after wrongful convictions, imprisonment of Alfred Chestnut, Ransom Watkins, Andrew Stewart
▼ + stars: | 2023-10-21 | by ( Jay Croft | ) edition.cnn.com time to read: +3 min

CNN —Baltimore has agreed to pay $48 million to three men who were wrongfully convicted of murder as teenagers and spent 36 years in prison. Alfred Chestnut, Ransom Watkins and Andrew Stewart were 16 when they were arrested on Thanksgiving Day 1983, according to the federal lawsuit they filed after being freed. Mary Stewart, left, walks with her son, Andrew Stewart and her daughter, Ulonda Stewart, after his release. Matt McClain/The Washington Post via Getty ImagesBut they were declared innocent decades later, after Chestnut filed a public records request. Investigators “ignored eyewitness evidence and physical evidence that contradicted their chosen narrative, including evidence pointing to a different suspect.

Persons: Justin Conroy, Alfred Chestnut, Ransom Watkins, Andrew Stewart, DeWitt Duckett, Mary Stewart, Ulonda Stewart, Matt McClain, Chestnut, John Doe ”, DeWitt, “, Marilyn Mosby, ”, Baltimore Mayor Brandon Scott, ” Scott, Nick Mosby Organizations: CNN, Baltimore, ” Baltimore Police Department, city’s, Washington, State of, Baltimore City, Baltimore Mayor, Baltimore Police Department, City Locations: State of Maryland

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