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☆ The Measles Outbreak in Europe is a Warning to America - The New York Times
▼ + stars: | 2024-02-01 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +1 min

In 2022, there were 941 reported cases of measles in the World Health Organization’s European region. And it appears even more significant compared to recent years, when efforts to limit Covid also resulted in almost entirely eliminating measles in Europe in 2021. But as the year drew to a close, the European measles outbreak kept growing. Almost certainly, the virologist Rik de Swart of Erasmus University Medical Center in Rotterdam tells me, these official case totals are significant underestimates. The epidemiologist Bill Hanage, also at Harvard, lamented it to me as a “chronicle of an outbreak foretold.”

Persons: Rik de Swart, Michael Mina, Bill Hanage, ” Organizations: Health, Erasmus University Medical Center, Harvard Locations: Europe, Kazakhstan, Kyrgyzstan, Russia, Britain, West Midlands, Rotterdam, Harvard

☆ Russia boasts it is beating sanctions, but its longer-term prospects are bleak
▼ + stars: | 2024-01-29 | by ( Tim Lister | ) edition.cnn.com time to read: +14 min

Far from buckling under their weight, the Russian economy is in fact 1% larger than it was on the eve of the invasion. India and China now account for 90% of Russian oil exports, according to Deputy Prime Minister Alexander Novak. Noemi Cassanelli/CNNThere’s little sign that ordinary Russians have been drastically impacted by Western sanctions. Sanctions will have a long-term impact on the Russian economy, according to the European Commission. Nabiullina said the Russian economy was like a car trying to go too fast.

Persons: Vladimir Putin, Putin, Sergei Chemezov, ” Chemezov, Scott Peterson, Alexander Novak, Christine Abely, “, ”, SWIFT, Alexei Mordashov, Noemi Cassanelli, Geoffrey Pyatt, Rachel Lyngaas, —, Alexander Nemenov, Elvira Nabiullina, Nabiullina, Natalia Kolesnikova, ” Abely Organizations: CNN, Atlantic Council, Russia, West ., Shipping, Windward, Reuters, US Treasury Department, United Arab Emirates, Crime Agency, US Treasury, “, Bank of, European, US, Financial Times, Russian Central Bank, Getty, Producers, International Energy Agency Locations: United States, Ukraine, Russian, Russia, Western, Sviatohirsk, Donetsk region, Asia, West, West . India, China, India, Volgograd, Turkey, UAE, Bank of Finland, Hong Kong, Europe, Egypt, Thailand, Moscow, Kazakhstan, Soviet Russia, AFP, Beijing

☆ BrightSpring debut is the latest rough spot for this year's sluggish IPO market
▼ + stars: | 2024-01-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

On Friday, BrightSpring Health Services, a home and community-based healthcare services provider, went public on the Nasdaq, pricing 53.3 million shares at $13, below the price talk of $15-$18. The company originally filed in October 2021 but pulled the deal, according to Renaissance Capital. Kaspi.kz, a Kazakhstan-based "super-app," went public last week and is still trading slightly below its initial offering price of $92. After two ugly years, big hopes for 2024 The IPO market has been on a roller-coaster ride for the last several years. The Nasdaq is off to a strong start, up nearly 3% this month heading into Friday, but the Renaissance Capital IPO ETF (IPO), a basket of recent debuts, is down 8%.

Persons: homebuilder, Douglas, Matt Kennedy Organizations: BrightSpring Health Services, Nasdaq, Renaissance, Douglas Homes, NYSE, Renaissance Capital, Arm Holdings Locations: Kazakhstan

☆ Uranium prices could rally past 16-year highs as the world's largest producer runs short
▼ + stars: | 2024-01-25 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

And that's about to send uranium prices, already at 16-year highs, on another rally. Sulfuric acid is critical in the extraction process as it is used to leach and recover uranium from raw ore. Kazatomprom is the world's leading uranium miner, accounting for over one-fifth of the world's production. Kazakhstan also produces 43% of the world's uranium supply, the largest slice of the global market for the heavy metal. Around 60 nuclear power reactors are under construction in 17 countries and another 110 are in the planning stages. Citibank expects uranium prices to average $110 per pound in 2025.

Persons: Guy Keller, Uranium, Jefferies, Janos Kummer Organizations: Corbis, Tribeca, Citibank, Getty Locations: India, Pallava, Kazakh, Kazakhstan, Canada, France, Niger, Tribeca, Asia, China, Slovakia

☆ China earthquake: Powerful 7.1 quake strikes Xinjiang region near Kyrgyzstan border
▼ + stars: | 2024-01-23 | by ( Nectar Gan | ) edition.cnn.com time to read: +3 min

The quake struck Wushi county, also known as Uqturpan county, in Aksu prefecture near the Kyrgyzstan border shortly after 2 a.m. local time, state-run news agency Xinhua reported. Strong tremors caused two houses to collapse and downed two major power lines near the epicenter, though electricity was quickly restored, according to Xinhua. The Xinjiang railway authority immediately sealed off routes in areas affected by the quake and suspended 27 trains, Xinhua reported. Nearly 200 rescue workers have been dispatched to the quake zone, and hundreds more are being assembled, Xinhua reported. The tremors were also felt across the border in Kyrgyzstan, according to the United States Geological Survey.

Persons: ” Organizations: Hong Kong CNN, Xinhua, CCTV, China Earthquake Networks, United States Geological Survey, Reuters, Residents, United Nations Locations: Hong Kong, China’s, Xinjiang, Central, Aksu prefecture, Kyrgyzstan, Xinhua, Wushi, Kashgar, Hotan, Kazakhstan, Almaty, Uzbekistan, China, Beijing, Gansu, Qinghai

☆ IPO watchers are pinning hopes for recovery on a strong stock market and the AI boom
▼ + stars: | 2024-01-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

Yet the main IPO ETF, the Renaissance Capital IPO ETF ( IPO ), has been for sale most of the month. "For the IPO market to open up, it would help not to have our IPO ETF down 9%," he said. Forge Global maintains a Private Market Index , a measure of 75 late-stage pre-IPO companies. "This tells you valuations are getting reset in the private market," Ng told me. Can AI save the IPO market?

Persons: Matt Kennedy, Homebuilder Smith Douglas, Don Short, Salomon, Wilson, Howe Ng, Ng, Del, Waystar, Kim Kardashian's, Short, Vincent Harrison Organizations: Renaissance Capital, Nasdaq, Amer Sports, Arc'teryx, Forge, SEC, Companies, Reuters, Auto, Turo, CNBC, Microsoft, Gaming, SpaceX, Forge Global Locations: Kazakhstan, IPOs, Pitchbook

☆ Belarus adopts new military doctrine involving nuclear weapons
▼ + stars: | 2024-01-19 | by ( Mariya Knight | Chris Lau | ) edition.cnn.com time to read: +4 min

CNN —Belarus on Friday adopted a new military doctrine that – if approved – would be the first step toward deploying nuclear weapons across the country. The Union State of Belarus and Russia Treaty sets up a legal basis for a wide-ranging alliance between the two countries. Baltic states reinforce bordersThe move by Belarus came as neighboring Baltic states signed an agreement to reinforce their borders with Belarus and Russia. During an interview with state news agency Belta in August last year, Belarusian leader Alexander Lukashenko said his country did not “bring nuclear weapons here in order to scare someone.”“Nuclear weapons represent a strong deterring factor. But these are tactical nuclear weapons, not strategic ones.

Persons: Viktor Khrenin, ”, Khrenin, “, Vladimir Putin, Alexander Lukashenko, Hanno Pevkur Organizations: CNN, ” Belarusian, Belarus ’, Collective Security, Organization, Union State, NATO, The Union, The Union State of, Russia Treaty, Belarusian People’s Assembly, Novosti, UN, OSCE, ” Minsk, Estonian Defense Ministry, Estonian Minister of Defense, Belta Locations: Belarus, Republic of Belarus, Russian, Russia, Armenia, Kazakhstan, Kyrgyzstan, Tajikistan, The Union State, The Union State of Belarus, Ukraine, NATO, Poland, Lithuania, Latvia, Baltic, Estonia, Estonian

☆ Russian riot police clash with protesters after activist sentenced
▼ + stars: | 2024-01-17 | by ( Anna Chernova | Victoria Butenko | ) edition.cnn.com time to read: +2 min

CNN —Riot police fired tear gas, flash grenades and used batons to disperse demonstrators in Russia’s Bashkortostan region after a local activist was sentenced on Wednesday to four years in prison. Some 20 people have been detained by police, according to OVD-Info, an independent Russian protest monitoring group. Thousands of demonstrators gathered outside a public building in the remote town of Baymak, with some waving the blue, white and green flag of Bashkortostan region, which neighbors Kazakhstan. Protesters were heard to cry "shame" at police officers as they tried to disperse the crowds with tear gas. In another, protesters were seen throwing snowballs at police holding riot shields.

Persons: Alsynov, ” Organizations: CNN — Riot, Novosti, Bashkortostan’s Ministry, Internal Affairs, CNN, Reuters, OVD, Tatars Locations: Russia’s Bashkortostan, Russia, Baymak, Bashkortostan, Kazakhstan, Ukraine

☆ Sumit Nagal has made history for India at the Australian Open. So too has his next opponent, Shang Juncheng, for China
▼ + stars: | 2024-01-17 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —At one point last year, tennis player Sumit Nagal had less than $1,000 in his bank account. After defeating Kazakhstan’s Alexander Bublik on Tuesday, Nagal became the first Indian man to win a match at the Australian Open in 11 years, pocketing $118,000 ($180,000 Australian dollars) in the process. “There was a time where we had a lot of singles players playing in the slams,” he said. Shang celebrates during his Australian Open win against Mackenzie McDonald. The 27-year-old Zhang has also reached the second round of this year’s Australian Open, and a deep run in Melbourne could see him break into the top 50 for the first time in his career.

Persons: Sumit Nagal, Kazakhstan’s Alexander Bublik, Nagal, “ I’m, ”, “, Germany –, Shang Juncheng, Mackenzie McDonald, Melbourne . Shang, David Gray, Shang, Zhang Zhizhen, Wu Yibing, Zhang, Jerry –, “ Tom, Jerry, Carlos Alcaraz Organizations: CNN, Bublik, ”, Getty, ATP, WTA, IMG Academy, Nagal Locations: Germany, India, Melbourne, China, Melbourne ., AFP, Bradenton , Florida

☆ About 1,000 Tourists Trapped in China's Xinjiang After Avalanches
▼ + stars: | 2024-01-16 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

BEIJING (Reuters) - Around 1,000 tourists remain stranded in a remote holiday village after avalanches hit China's northwestern Xinjiang region with metres-high snow and fickle weather impeding evacuation, state TV reported on Tuesday. Road access to Hemu village, a scenic destination near the borders of Kazakhstan, Russia and Mongolia where the tourists were trapped, has been cut off by avalanches for several days now. The village is situated in Xinjiang's Altay Prefecture where continuous snowfall in some areas has lasted 10 days, it said. Snow brought by the avalanches reach as high as seven metres in some parts and in many, was higher than snow clearing equipment, CCTV said. A military helicopter scheduled to send supplies - such as flour and fuel - to Hemu village was delayed on Tuesday morning, CCTV said.

Persons: Snow, Zhao Jinsheng, Zhao, Liz Lee, Qiaoyi Li, Raju Gopalakrishnan Locations: BEIJING, Xinjiang, Kazakhstan, Russia, Mongolia, Xinjiang's Altay Prefecture, Altay, Hemu

☆ Western companies have exited Russia in droves. New companies with owners from China and former Soviet republics are stepping in.
▼ + stars: | 2024-01-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

However, the number of new companies in Russia with cofounders from former Soviet republics and China has soared in those two years, per Vedomosti. Companies with cofounders from former Soviet republics including Belarus, Kyrgyzstan, and Kazakhstan accounted for 59% of all new companies that established operations in Russia last year, per Vedomosti. AdvertisementCompanies with cofounders from China accounted for 25% — or 1,500 — of new companies in Russia over the first 10 months of 2023. AdvertisementMeanwhile, Russian businesses overseas have also been moving their assets home amid the pressures of Western sanctions and a push by President Vladimir Putin's regime. This still marks a huge decrease from 14% of new companies registered in 2021.

Persons: —, cofounders, Mikhail Nikolayev, ACRA, Vladimir Putin's Organizations: Service, Business, cofounders, Companies Locations: Russia, Moscow, Ukraine, Soviet, China, Belarus, Kyrgyzstan, Kazakhstan, Turkey, India, Russian

☆ Ancient DNA reveals genetic roots of multiple sclerosis and other diseases
▼ + stars: | 2024-01-11 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

These genetic variants may have subsequently proved beneficial to European populations in making the shift from hunting and gathering to farming. “DNA from hunter-gatherers is present at higher levels in Northeastern Europe, which means the region has an elevated genetic risk of developing Alzheimer’s disease,” Barrie said. Similarly, the ancient genetic information shed light on the evolutionary history of traits such as height and lactose tolerance. And for most traits, MS included, the genetic effects are the result of multiple genetic variants,” he said. “Ultimately, we can’t say that MS came from Bronze Age populations, but these populations’ movements and environments contribute to differences in MS risk today.”

Persons: “, ”, Rasmus Nielsen, It’s, William Barrie, Astrid Iversen, ” Iversen, ε4, ” Barrie, Samira, Asgari, Tony Capra, Capra, wasn’t Organizations: CNN —, University of California, Danish National, University of Cambridge’s, University of Oxford, Icahn School of Medicine, Bakar Computational Health Sciences Institute Locations: Western Europe, Central Asia, Europe, Berkeley, Kazakhstan, Northeastern Europe, Mount Sinai, New York, Bakar, San Francisco

The deal, announced during the COP28 climate talks in Dubai on Sunday, is the first under the ADB's Energy Transition Mechanism (ETM) programme, which aims to help countries cut their climate-damaging carbon emissions. "If we don't address these coal plants, we're not going to meet our climate goals," David Elzinga said on the sidelines of the conference. "By doing this pilot transaction, we are learning what it takes to make this happen," David Elzinga said. ADB also has active ETM programmes in Kazakhstan, Pakistan, the Philippines, and Vietnam, and is considering transactions in two other countries, it said. Reporting by Simon Jessop and David Lawder; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: we're, David Elzinga, Simon Jessop, David Lawder, Christopher Cushing Organizations: Asian Development Bank, Reuters, Transition, ADB, PT PLN, PT, Indonesia Investment Authority, INA, Thomson Locations: DUBAI, Indonesia, Dubai, Kazakhstan, Pakistan, Philippines, Vietnam, Indonesian, Jakarta

☆ Oil prices fall, extend slide after OPEC+ cuts underwhelm
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: +2 min

An oil pumpjack pulls oil from the Permian Basin oil field in Odessa, Texas, on March 14, 2022. Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations. OPEC+'s output of some 43 million bpd already reflects cuts of about 5 million bpd aimed at supporting prices and stabilizing the market. The total curbs amount to 2.2 million bpd from eight producers, OPEC said in a statement after the meeting. Included in this figure is an extension of the Saudi and Russian voluntary cuts of 1.3 million bpd.

Persons: Alexander Novak Organizations: Brent, . West Texas, OPEC, Saudi Locations: Odessa , Texas, Saudi Arabia, Russia, UAE, Iraq, Kuwait, Kazakhstan, Algeria

☆ Oil prices set for sixth straight weekly fall as OPEC+ cuts underwhelm
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsDec 1 (Reuters) - Oil prices extended losses on Friday, and looked set for a sixth straight week of declines, as voluntary oil output cuts agreed by OPEC+ producers fell short of market expectations. Saudi Arabia, Russia and other members of OPEC+ agreed to voluntary output reduction of 900,000 bpd in addition to extending 1.3 million bpd in production cuts already in place. Delegates had earlier discussed as much as 2 million bpd in new output curbs. Goldman Sachs said its December forecast for Brent was "moderately tilted" to the downside of its previously estimated range, calling the oil producers' move a "temporary response," and "difficult to implement." Separately, Brazil said on Thursday it would join the OPEC+ next year, though such a move wouldn't bind the south America's largest country to production cuts.

Persons: Tatiana Meel, Brent, Goldman Sachs, Goldman, Laura Sanicola, Stephen Coates, Kim Coghill Organizations: REUTERS, OPEC, Brent, . West Texas, Thomson Locations: Nakhodka, Russia, Saudi Arabia, UAE, Iraq, Kuwait, Kazakhstan, Algeria, Brazil, OPEC

☆ Oil prices could reach $100 a barrel in 2024 if OPEC+ members fulfil pledges for voluntary cuts
▼ + stars: | 2023-12-01 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Processing towers stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia, on Monday, March 23, 2020. Oil prices are expected to rise in the new year after some OPEC+ oil producers voluntarily pledged to cut output. The oil cartel on Thursday released a statement that did not formally endorse production cuts, but individual countries announced voluntary reductions totaling 2.2 million barrels per day for the first quarter of 2024. Russia said it will cut supply by 300,000 barrels per day of crude and 200,000 barrels per day of petroleum products over the same period. We have to have compliance from the other OPEC nations," Bill Perkins, CEO and head trader of Skylar Capital Management, told CNBC.

Persons: Bill Perkins Organizations: Rosneft Oil, United, United Arab Emirates, Skylar Capital Management, CNBC Locations: Tuapse, Russia, Saudi Arabia, Riyadh, Iraq, United Arab, Kuwait, Kazakhstan, Algeria, Oman

☆ Saudi Arabia is struggling to boost oil prices, raising possibility of supply war with U.S.
▼ + stars: | 2023-12-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

OPEC is facing growing challenges in its efforts to boost oil prices amid record output outside the alliance, particularly in the U.S., raising questions about how long the alliance can maintain its deep production cuts. The outcome is a "bittersweet victory" for OPEC kingpin Saudi Arabia, wrote Jorge Leon, senior vice president of Rystad Energy, in a note Thursday. With oil prices down more than 14% since September highs, traders were hoping that OPEC could provide a boost. In the end, Saudi Arabia may have only one option — launch a supply war by flooding the market with oil. The 2.2 million bpd in voluntary cuts from the coalition of the willing is somewhat deceiving.

Persons: Jorge Leon, bode, Leon, Brent, Natasha Kaneva, Paul Sankey, John Kilduff, Kilduff, it's, Sankey, Kaneva, Goldman Sachs, Goldman, Daan Struyven, Struyven Organizations: Rystad Energy, Traders, Sankey Research, U.S . Oil, U.S, OPEC, United Arab, Goldman Locations: U.S, OPEC, Saudi Arabia, Riyadh, Saudi, China, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, Oman

☆ Analysis: The 2023 stock rally is back on track
▼ + stars: | 2023-12-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The US stock market has rebounded from its months-long rut. Stocks finished out their best month of the year on Thursday, breaking a three-month streak of declines for all the major indexes. “The only way I see a rally continuing is if the bond market behaves itself,” said Richard Steinberg, chief market strategist at The Colony Group. While those stocks have remained at the top of Wall Street’s scoreboard, the recent rally has encompassed a wider range of stocks. Long-neglected pockets of the stock market, from beaten-down financials to small-caps to cyclical stocks, have climbed higher in recent weeks.

Persons: Stocks, ”, Richard Steinberg, “, Santa Claus, Ned Davis, Anna Cooban, Elisabeth Buchwald, Nelson Peltz, Nelson Peltz’s, Bob Iger, ” Trian, Trian, Trian’s, Morgan Stanley, James Gorman, Sky Jeremy Darroch, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Nasdaq, Dow Jones, Treasury, The Colony, Wall Street, Ned Davis Research, Organization of, Petroleum, Saudi Press Agency, Ministry of Energy, Saudi, United Emirates, Reuters, Disney, Management, Peltz, Sky Locations: New York, Santa, OPEC, Saudi Arabia, Vienna, Russia, Iraq, United, Kuwait, Kazakhstan, Algeria, Oman, Brazil, Brazil’s

☆ Exclusive: EU nuclear agency sees some Russia imports up again in 2023 from before Ukraine war
▼ + stars: | 2023-12-01 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +5 min

Its overall imports from Russia's nuclear energy industry held steady last year despite rising demand for nuclear power driven by high energy costs and a push to cut carbon emissions. The trend highlights challenges EU faces in reaching its long-term goal of achieving VVER fuel self-sufficiency. EU imports of natural uranium from Russia fell 16% last year from 2021, a drop compensated by increase in deliveries from Kazakhstan and Uzbekistan, ESA said. In 2022, the EU's Russian nuclear energy imports were worth around 750 million euros ($823 mln), or 1% of the bloc's Russian gas imports, according the European Commission. Sources said, however, that the proposal - which is not public - does not include sanctions on Russia's nuclear energy industry.

Persons: Radovan Stoklasa, ESA's, Stefano Ciccarello, Ciccarello, Finland's, Gabriela Baczynska, Anne Kauranen, Timothy Gardner, Tomasz Janowski Organizations: REUTERS, Union, Euratom Supply Agency, ESA, Reuters, U.S, Westinghouse, Commission, U.S ., Thomson Locations: Mochovce, Slovakia, Russia, BRUSSELS, Russian, Moscow, Ukraine, Bulgaria, Czech Republic, Finland, Hungary, France, Sweden, Belgium, Kazakhstan, Uzbekistan, Europe, United States, Brussels, Helsinki, Washington, Budapest

☆ 'Let us be a lesson', say Kazakhs wary of return to nuclear testing
▼ + stars: | 2023-11-30 | by ( Mariya Gordeyeva | ) www.reuters.com time to read: +6 min

Many nuclear proliferation experts believe resuming testing by either nuclear superpower more than 30 years after the last test is unlikely soon. "I remember I was about five years old," said Baglan Gabullin, a resident of Kaynar, another village that lived under the shadow of nuclear testing. [1/5]A view shows a model of a nuclear test at the museum of the Semipalatinsk Test Site, one of the main locations for nuclear testing in the Soviet Union, in the town of Kurchatov in the Abai Region, Kazakhstan November 7, 2023. Gabullin, speaking near a small monument to victims of nuclear tests erected in Kaynar, also said losses were common. While villages such as Kaynar and Saryzhal were exposed to direct radiation, steppe winds carried nuclear fallout across an area the size of Italy.

Persons: Putin, Vladimir Putin, Serikbay Ybyrai, Baglan Gabullin, Pavel Mikheyev, Gulsum Mukanova, Mukanova, Alicia Sanders, Olzhas, Gloria Dickie, Olzhas Auyezov, Mike Collett, White Organizations: Soviet, REUTERS, International, Nuclear, Reuters, Timothy Heritage, Thomson Locations: Kazakhstan, SARYZHAL, Russia, United States, Soviet, Semey, Kazakh, Russian, Ukraine, Moscow, Saryzhal, Kaynar, Soviet Union, Kurchatov, Abai Region, Italy, Novaya Zemlya, Russia's, Almaty, London

☆ U.S. crude declines as skepticism mounts over OPEC+ cuts
▼ + stars: | 2023-11-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. crude declined Thursday, erasing early gains, as traders grew more convinced that OPEC+, a group composed of OPEC plus its oil-producing allies, will not deliver on promised output cuts. Riyadh agreed to extend its voluntary production cut of 1 million barrels per day, a source in the Energy Ministry told the Saudi Press Agency. Iraq is cutting by 223,000 bpd, the United Arab Emirates 163,000 bpd, Kuwait 135,000 bpd, Kazakhstan 82,000 bpd, Algeria 51,000 bpd and Oman 42,000 bpd. OPEC+ has a major problem when it comes to cohesion and compliance on output cuts, said John Kilduff of Again Capital. "They have their hands full and to me it's not going to prove to be a winning strategy for them," he said of the output cuts.

Persons: Brent, Alexander Novak, Phil Flynn, Flynn, John Kilduff, Kilduff, CNBC's, it's Organizations: West Texas Intermediate, Energy Ministry, Saudi Press Agency, United Arab Emirates, Traders, Price Futures, U.S, OPEC, CNBC PRO Locations: OPEC, Saudi Arabia, Riyadh, Iraq, Kuwait, Kazakhstan, Algeria, Oman, Russia, Asia, China

☆ 'Let Us Be a Lesson', Say Kazakhs Wary of Return to Nuclear Testing
▼ + stars: | 2023-11-30 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +6 min

Many nuclear proliferation experts believe resuming testing by either nuclear superpower more than 30 years after the last test is unlikely soon. "I remember I was about five years old," said Baglan Gabullin, a resident of Kaynar, another village that lived under the shadow of nuclear testing. Gabullin, speaking near a small monument to victims of nuclear tests erected in Kaynar, also said losses were common. While villages such as Kaynar and Saryzhal were exposed to direct radiation, steppe winds carried nuclear fallout across an area the size of Italy. "Underground testing can also have severe consequences," said Alicia Sanders-Zakre of the International Campaign to Abolish Nuclear Weapons.

Persons: Mariya Gordeyeva SARYZHAL, Vladimir Putin, Serikbay Ybyrai, Baglan Gabullin, Gulsum Mukanova, Mukanova, Alicia Sanders, Olzhas, Gloria Dickie, Olzhas Auyezov, Mike Collett, White, Timothy Heritage Organizations: Reuters, International, Nuclear Locations: Kazakhstan, Russia, United States, Soviet, Semey, Kazakh, Russian, Ukraine, Moscow, Saryzhal, Kaynar, Italy, Soviet Union, Novaya Zemlya, Russia's, Almaty, London

"Investors covered short positions ahead of the OPEC+ meeting amid worries over supply disruption from Kazakhstan," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities. OPEC+ is due to hold an online ministerial meeting on Thursday to discuss 2024 production targets, after delaying the meeting from Nov. 26. The talks will be difficult and a rollover of the previous agreement is possible rather than deeper production cuts, four OPEC+ sources said. Kazakhstan's largest oilfields are cutting combined daily oil output by 56% from Nov. 27, the Kazakh energy ministry said. Meanwhile, U.S. crude oil inventories fell by 817,000 barrels last week, according to market sources citing American Petroleum Institute figures.

Persons: Turar, Hiroyuki Kikukawa, Warren Patterson, Ewa Manthey, Brent, Yuka Obayashi, Muyu Xu, Lincoln, Kim Coghill Organizations: REUTERS, Rights, Brent, . West Texas, of, Petroleum, NS, Nissan Securities, ING, Federal Reserve, American Petroleum Institute, Reuters, Weekly U.S, Thomson Locations: Mangystau, Kazakhstan, Rights TOKYO, SINGAPORE, Russia, OPEC, Kazakh

☆ Oil prices rise after storm disrupts Kazakh, Russian exports
▼ + stars: | 2023-11-29 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose on Wednesday as a storm in the Black Sea region disrupted oil exports from Kazakhstan and Russia, raising fears of supply tightness, while investors awaited a crucial decision by OPEC+, which may deepen or extend output cuts. A severe storm in the Black Sea region has disrupted up to 2 million barrels per day of oil exports from Kazakhstan and Russia, according to state's officials and port agent data. Kazakhstan's largest oilfields are cutting combined daily oil output by 56% from Nov. 27, the Kazakh energy ministry said. A weaker dollar typically supports oil prices as it makes oil cheaper for those holding other currencies. Meanwhile, U.S. crude oil inventories fell by 817,000 barrels last week, according to market sources citing American Petroleum Institute figures.

Persons: Hiroyuki Kikukawa Organizations: OPEC, Brent, . West Texas, of, Petroleum, NS, Nissan Securities, Federal Reserve, American Petroleum Institute, Reuters, Weekly U.S Locations: Kazakhstan, Russia, OPEC, Kazakh

OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, is due to hold an online ministerial meeting on Thursday to discuss 2024 production targets. The market tumbled last week when OPEC+ pushed back the original date for its meeting to iron out differences on production targets for African producers. "According to delegates, Saudi Arabia is demanding lower production quotas from the other OPEC+ countries. Oil also found support from a weak dollar, an expected decline in U.S. crude inventories and the drop in Kazakh output. A weaker dollar typically bolsters oil demand, making dollar-denominated oil less expensive for buyers using other currencies.

Persons: Andrew Kelly, Waller, Phil Flynn, Commerzbank's Carsten Fritsch, Christopher Waller, Stephanie Kelly, Alex Lawler, Natalie Grover, Kim Coghill, David Goodman, David Gregorio Our Organizations: REUTERS, Brent, . West Texas, Organization of, Petroleum, Price Futures Group, United, Reuters, American Petroleum Institute, The U.S, Federal, Thomson Locations: Manhattan , New York City, U.S, Russia, Chicago, Angola, Nigeria, Saudi Arabia, Kuwait, United Arab Emirates

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