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That is what OPEC+ has chosen to do with the crude oil market. There are several factors currently creating uncertainty in global crude oil markets, and some are likely to push and pull prices in opposing directions. Much of the focus in global oil market has been on the G7 price cap and the EU ban on Russian crude oil imports, both of which commence today. Stronger economic growth and easing COVID-19 restrictions in China are bullish for crude oil demand, but neither of these is locked in and the outlook is still uncertain. Overall, it's now a waiting game for OPEC+ and the global oil market to see how the various uncertainties pan out in reality.

☆ Interpol confirms red notice for Angolan billionaire Isabel dos Santos
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

LISBON, Nov 30 (Reuters) - Global police agency Interpol confirmed on Wednesday it had issued a red notice for Angolan billionaire Isabel dos Santos, daughter of the country's former president, asking global law enforcement authorities to locate and provisionally arrest her. Portugal's Lusa news agency reported on Nov. 18 that Interpol had issued an international arrest warrant for dos Santos. But Interpol told Reuters it had issued a red notice instead at the request of Angolan authorities. A source close to dos Santos said on Nov. 19 that she had yet to be notified by Interpol. Dos Santos has given interviews recently, telling CNN Portugal on Tuesday the courts in Angola were not independent" and judges there were "used to fulfil a political agenda".

☆ Exclusive: Exxon to exit Equatorial Guinea amid wider Africa crude phaseout
▼ + stars: | 2022-11-28 | by ( Sabrina Valle | ) www.reuters.com time to read: +5 min

The company last year pumped about 45,000 bpd in Equatorial Guinea, out of the country's total production of 93,000 bpd. For Middle East and African oil producers, cash has dwindled to 30% of global flows in the last two years, from 50% between 2010 and 2020. Much of the increase comes from the United States, Canada, Guyana and Brazil, some of the places where Exxon has increased spending on oil output. NAMIBIA AND NATURAL GASWhile crude oil production wanes in West Africa, the continent's liquefied natural gas (LNG) future is on the rise and fossil fuel output could grow elsewhere in Africa. Rising demand globally could result in a 30% rise in gas production in Africa by the end of the decade, Deloitte said.

☆ ABB Nears Deal to Resolve Third U.S. Bribery Case Against Company
▼ + stars: | 2022-11-25 | by ( Dylan Tokar | ) www.wsj.com time to read: +7 min

Photo: Waldo Swiegers/Bloomberg NewsIn the U.S., the ABB deal is an early test of a pledge by the Biden administration to take a tougher stance on corporate repeat offenders. An ABB spokesman said the company continues to fully cooperate with authorities and hopes to reach a final settlement soon. Exactly how U.S. authorities, including the Justice Department, will frame the ABB deal in relation to the new stance on repeat offenders remains to be seen. Allowing the ABB parent company to avoid a guilty plea will in theory help shield much of its business globally from those risks. The ABB deal would also mark the second time the Swiss company has settled FCPA offenses with a deferred-prosecution agreement.

Black voters in Louisiana are confused. Louisiana House of RepresentativesIn an unusual twist, Jordan initiated a campaign last summer for an amendment he authored to fail. Jordan was fine with the amendment not passing, even though many Black voters disagreed. The Louisiana State Penitentiary, nicknamed Angola. “I have to believe that every person of color in Louisiana would vote to have that removed from Louisiana’s Constitution.

☆ African leaders agree on ceasefire in east Congo from Friday
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

KINSHASA, Nov 23 (Reuters) - African leaders have declared a ceasefire in eastern Democratic Republic of Congo starting Friday, which is aimed in particular at stopping attacks by the M23 rebel group, they said in a statement. The declaration was issued by the leaders of Congo, Rwanda, Burundi and Angola, and former Kenyan president Uhuru Kenyatta, after a summit in Luanda on Wednesday aimed at finding solutions to the east Congo crisis. Eastern Congo is facing an insurgency by the M23, a Tutsi-led rebel group which the Congolese government claims is supported by neighbouring Rwanda. In addition to the ceasefire, the statement said the M23 must withdraw from its occupied territories or face intervention by regional forces. "If M23 does not withdraw the East African Community (EAC) heads of states shall authorize use of force to compel the group to comply," it said.

☆ Column: Key African nations set off on energy & emissions growth paths
▼ + stars: | 2022-11-22 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

However, the power mix varies greatly by country depending on locally available power sources, legacy power production infrastructure, and proximity to energy exporters. Electricity generation by source in key African economiesThis wide variance in power mix is clear when comparing the electricity source profiles of Africa's two largest electricity producers, South Africa and Egypt. In contrast, Egypt uses natural gas for 77% of its electricity, and uses no coal in electricity generation at all. The two countries' electricity systems have starkly divergent emissions footprints as a result of their different primary fuels. Across Northern Africa, natural gas is making rapid inroads into energy systems, primarily from the abundant local supplies in Algeria and Egypt.

☆ Angola's dos Santos not aware of Interpol arrest warrant, representative says
▼ + stars: | 2022-11-19 | by ( ) www.reuters.com time to read: +2 min

In a statement sent to Reuters, dos Santos' official source said her lawyers had "consulted the Interpol database and, so far, there was no reference to the issuance of a warrant". Portugal's Lusa news agency reported on Friday that Interpol had issued a warrant after public prosecutors in Angola asked the agency to "locate, arrest" and extradite dos Santos. According to Friday's report by Lusa, the arrest warrant mentions dos Santos is often in Portugal, the United Kingdom and the United Arab Emirates. Authorities are aware of dos Santos' location, the official source said. Dos Santos' father, Jose Eduardo dos Santos, who died in July, ruled Angola for almost four decades until 2017.

☆ Interpol issues arrest warrant for Angola's Isabel dos Santos, Lusa reports
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +1 min

LISBON, Nov 18 (Reuters) - Global police agency Interpol has issued an international arrest warrant for Angolan billionaire and daughter of the country's former president Isabel dos Santos, Portugal's Lusa news agency reported on Friday. According to Lusa, citing an official document, the INTERPOL warrant was issued after Angola's public prosecutors requested the agency to "locate, arrest" and extradite dos Santos. INTERPOL and the public prosecutors did not immediately reply to Reuters' requests for comment. According to Lusa, the arrest warrant mentions the businesswoman is often in Portugal, the United Kingdom and the United Arab Emirates. Dos Santos' father, Jose Eduardo dos Santos, died in July this year and ruled Angola for almost four decades until 2017.

☆ Who is Viktor Bout, the arms dealer who could be swapped for Griner?
▼ + stars: | 2022-11-18 | by ( Felix Light | ) www.reuters.com time to read: +8 min

Russia wants the jailed arms dealer back in Moscow and is discussing a prisoner swap with the United States that could see him exchanged for Americans imprisoned in Russia including basketball star Brittney Griner. Reed was ultimately freed in return for Konstantin Yaroshenko, a Russian pilot jailed in the United States on drug trafficking charges. For some experts, the Russian state's continued interest in Bout, plus his skills and connections in the international arms trade, hint strongly at Russian intelligence ties. In interviews, Bout has said he attended Moscow's Military Institute of Foreign Languages, which serves as a training ground for military intelligence officers. “His case has become totemic for the Russian intelligence services, who are keen to show that they don’t abandon their own people,” Galeotti added.

☆ Nigeria's Obasanjo clinches unlikely Ethiopia truce
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +5 min

[1/2] Former Nigerian president and African Union envoy Olesegun Obasanjo arrives for the signing of the AU-led negotiations to resolve the conflict in northern Ethiopia, in Pretoria , South Africa, November 2, 2022. Summary Obasanjo stepped down as Nigeria's president in 2007Now aged 85, he took up peace-making in retirementMediated in crises from Ivory Coast to MozambiqueJOHANNESBURG, Nov 2 (Reuters) - Olusegun Obasanjo has had mixed results as a mediator of intractable conflicts across Africa since he stepped down as Nigeria's president in 2007, although he has never tired of trying. Obasanjo stepped down from Nigeria's presidency in 2007 and presided over elections that marked the first handover of power from one civilian head of state to another in Nigeria since it became independent from Britain in 1960. The test now is whether Ethiopia's conflict is on track for a permanent peace deal or just a temporary respite. After Abacha's death in 1998, Obasanjo was released and was elected as civilian president in 1999.

☆ Portugal's Millennium bcp 9-month profit jumps 63%, strong core income
▼ + stars: | 2022-10-31 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

The lender netted 97.2 million euros ($96.1 million) between January and September, up from 59.5 million euros a year earlier. Profit in its domestic business more than doubled to 295.7 million euros. Its half-owned Polish subsidiary, Bank Millennium (MILP.WA), last week reported a nine-month loss of 270.5 million euros as it counted the cost of loan repayment holidays imposed on Polish banks in July. Millennium bcp's consolidated net interest income, or earnings on loans minus deposit costs, rose 32.7% to 1.54 billion euros in the nine months. Its fees and commissions grew 3.7% to 573.8 million euros.

☆ How Russia Pays for War
▼ + stars: | 2022-10-30 | by ( Lazaro Gamio | Ana Swanson | ) www.nytimes.com time to read: +17 min

Invasion –84% Imports from Russia –20% Germany Current total trade $4.8 billion Since invasion –3% Exports to Russia Avg. Invasion –51% Imports from Russia +38% The Netherlands Current total trade $2 billion Since invasion +32% Exports to Russia Avg. Invasion –52% Imports from Russia +74% China Current total trade $15 billion Since invasion +64% Exports to Russia Avg. Invasion +24% Imports from Russia +98% India Current total trade $3.3 billion Since invasion +310% Exports to Russia Avg. Invasion –19% Imports from Russia +430% Turkey Current total trade $6.2 billion Since invasion +198% Exports to Russia Avg.

☆ World’s best spicy foods: 20 dishes to try
▼ + stars: | 2022-10-27 | by ( Terry Ward | ) edition.cnn.com time to read: +17 min

When it comes to the world’s best spicy dishes, we have some of the world’s hottest peppers to thank, along with incredible layers of flavor and a long, spice-loving human history. Peppers – a headliner for heat – are rated on the Scoville Heat Units scale, which measures capsaicin and other active components of chile peppers. And it’s the perky red pepper of the same name that brings the spiciness to this complex, layered and delicious dish. “The peperoncino (red chile pepper) is what makes this sauce ‘angry’ (arrabbiata) or spicy,” Chris MacLean of Italy-based Open Tuesday Wines said via email. FomaA/Adobe StockThe fiery Ethiopian spice blend called berbere – aromatic with chile peppers, basil, cardamom, garlic and ginger – is instrumental to the flavor chorus that’s doro wat, Ethiopia’s much-loved spicy chicken stew.

Persons: ”, Saurav Dutt, “ Ginger, chiles, ” Hunter, Dutt, Nigeria Ata, Kwoklyn Wan, “, It’s, pattarasiri, Piri, piri, it’s, Mao’s, Mao Zedong’s, shao rou, Cook, Suzie Lee, Brent Hofacker, Mark Harvey, podcaster, Ayam, betutu, Todd Taulman, serrano, jalapeño, Phaal Curry, Penne all’arrabbiata, ’, Chris MacLean of, MacLean, ’ ”, marati, Doro wat, doro, you’re, Mapo, vindaloo, Julian Gonzalez, ” Gonzalez Organizations: CNN, Adobe, chiles, BBC, “, Buffalo Wild Wings, Wines, Sawmill Locations: Sichuan, Nigeria, West, China, British, Chongqing, Thailand, Isaan, Laos, Mozambique, Angola, Portuguese, Piri, chiles, Namibia, South Africa, Beijing, Jamaica, Spanish Town, Montego Bay, Boston Bay, Ayam betutu, Indonesia, Bali, Lombok, Buffalo, United States, American, Alaska, Maine, Buffalo , New York, cayenne, Worcestershire, Mexico, Mexican, Sinaloa, Bangkok, rendang, Malaysia, West Sumatra, Indonesia’s, Brunei, Philippines, South Korea, Birmingham, England, Bangladesh, Bangladeshi, Italy, Chris MacLean of Italy, Rome’s Lazio, India, South India, India’s, Tamil, Ethiopia, Goa, United Kingdom, Mafé, Senegal Senegalese, Mali, Gambia, Albuquerque , New Mexico, In Texas

☆ Russian oil supplies to China up 22% on year, close second to Saudi - data
▼ + stars: | 2022-10-24 | by ( Chen Aizhu | ) www.reuters.com time to read: +2 min

The amount, equivalent to 1.82 million barrels per day (bpd), eased from 1.96 million bpd in August and compared to the record high of nearly 2 million bpd in May. Register now for FREE unlimited access to Reuters.com RegisterImports from top supplier Saudi Arabia reached 7.53 million tonnes, or 1.83 million bpd, versus August's 1.99 million bpd and were 5.4% lower than a year earlier. Russian volumes rose nearly 9% to 64.26 million tonnes, a close second. That surpassed the previous record set in August of 3.37 million tonnes. China also received about 795,000 tonnes of U.S. crude oil in September, after zero imports in August.

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

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

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

☆ Liz Mills: How coach became the first woman to lead a men's basketball team in an international tournament
▼ + stars: | 2022-10-19 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +8 min

But as the first woman to coach a men’s national team at a major FIBA tournament, Liz Mills must think of everything – even what she wears. Like many of us when watching a sports team, Mills thought that she could do better; but unlike most of us, she did something about it. Members of the network have experienced discrimination of all kinds, particularly those working in the men’s game. AS Salé was the first job in men's basketball that Mills was paid for. “I want to be the first woman to coach at the World Cup as a head coach of an African [men’s] team,” she asserts.

☆ Opinion | Abortion Is Legal in Ethiopia. But Half of These Clinics Won’t Provide Them.
▼ + stars: | 2022-10-17 | by ( Anu Kumar | ) www.nytimes.com time to read: +12 min

When Congress passed the Helms Amendment, only six of those countries allowed abortion in circumstances beyond saving a woman’s life. And every year, more than 16,000 of the women and girls who have received these unsafe abortions die from more serious complications. President Biden also has the power to mitigate some of the harms of the Helms Amendment. His administration could also ensure that clinics in countries where abortion is legal understand that U.S. rules allow them to offer abortion information and counseling. The Helms Amendment is an act of international interference and overreach, and it has to end.

WASHINGTON/JOHANNESBURG, Oct 12 (Reuters) - Angola will keep cutting interest rates as long as inflation is kept low, central bank governor Jose De Lima Massano said on Wednesday, forecasting that inflation will fall to 16% this year and 9-10% by the end of 2023. "Today we have interest rates in Angola above 20%. And if we have room to keep on reducing them, we'll do it," De Lima Massano told Reuters on the sidelines of the IMF-World Bank Annual Meetings in Washington. Unlike most other central banks, Angola has started to lower interest rates, delivering a rate cut in September for the first time since 2019 by 50 basis points to 19.5%. "Our currency has found its equilibrium and we are not anticipating major appreciation or depreciation," De Lima Massano said.

SummarySummary Companies Chevron sees continuing strong demand for LNG in EuropeEurope's high prices to lure most U.S. LNG in the short termChevron expected to boost Permian Basin output 15% this yearLONDON, Oct 12 (Reuters) - U.S. oil major Chevron Corp (CVX.N) expects high European prices for liquefied natural gas (LNG) to attract a majority of U.S. LNG exports in the short term, a top executive told Reuters on Wednesday. Its commitment to building import terminals and regasification facilities shows the region's demand for U.S. exports could last. The major also produces LNG in Australia and Angola, and recently carved out a foothold in U.S. LNG through purchase agreements with LNG producers Cheniere Energy Inc (LNG.A) and closely-held Venture Global LNG. "Gas demand in the United States is roughly flat," said Parfitt. "What's growing in the United States is demand for exports," he said.

☆ Russia's surging oil exports to China in Aug fail to keep Saudis down -data
▼ + stars: | 2022-09-20 | by ( Chen Aizhu | ) www.reuters.com time to read: +3 min

Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia's European and Far Eastern ports, totalled 8.342 million tonnes, data from the Chinese General Administration of Customs showed. The August amount, equivalent to 1.96 million barrels per day (bpd), was slightly off May's record of nearly 2 million bpd. read moreStill, imports from Saudi Arabia rebounded last month to 8.475 million tonnes, or 1.99 million bpd, 5% above the year ago levels. China's crude oil imports in August fell 9.4% from a year earlier, as outages at state-run refineries and lower operations at independent plants caused by weak margins capped buying. The strong Russian purchases continued to weigh on competing supplies from Angola and Brazil, which fell in August by 34% and 47% year-on-year, respectively.

☆ OPEC+ supply shortfall now stands at 3.5% of global oil demand
▼ + stars: | 2022-09-20 | by ( Ahmad Ghaddar | ) www.reuters.com time to read: +2 min

General view of Aramco tanks and oil pipe at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed JadallahCompanies Saudi Arabian Oil Co FollowLONDON, Sept 20 (Reuters) - OPEC+ is now producing below its targets by a record 3.58 million barrels per day - about 3.5% of global demand - highlighting underlying tight supply in the oil market, even as recession fears drag oil prices lower. Nigeria's crude oil production fell below 1 million bpd in August, figures from its regulator show, as the nation grappled with rampant theft from its pipelines and years of underinvestment. read more"It has been struggling for months to fulfil its quota and Saudi Arabia has made it abundantly clear that they would only use thinning spare capacity in case of real emergency," PVM Oil's Tamaz Varga said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ahmad Ghaddar; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

☆ New Orleans battled mass incarceration. Then came the backlash over violent crime.
▼ + stars: | 2022-07-06 | by ( Jamiles Lartey | The Marshall Project | Jamiles Lartey Is A New Orleans-Based Staff Writer For The Marshall Project. | ) www.nbcnews.com time to read: +9 min

candidates before him, he appealed to a kind of economy of justice: that spending less time on minor crimes, and on things that shouldn’t be crimes, would give prosecutors more time and resources to tackle violent crime. Reflecting on his first 17 months in office, Williams made sure to mention a slew of recent convictions in nearly the same breath as his efforts toward reform. He recognizes that violent crime is up, and that his office is responsible for addressing it. Williams’ office argued Mitchell had been unfairly denied a chance at parole. The Metropolitan Crime Commission, a nonprofit that publishes weekly city crime data and has been critical of Williams, found that in 2021, 74% of violent felony cases were resolved this way.

☆ Everything you need to know about silovarchs — Russia's security elites — and the power they wield
▼ + stars: | 2022-04-10 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +5 min

Russia's security elites are silovarchs, a term combining "oligarch" and "siloviki" ("people of force.") Analyst Hugo Crosthwaite said silovarchs are closer to President Vladimir Putin than oligarchs. According to Treisman, oligarchs do not hold a great deal of political influence, while silovarchs are more powerful. Table of Silovarchs Viktor Ivanov – former chair of the board for Almaz-Antei and Aeroflot – had a career in Soviet KGB and Russian FSB. Rashid Nurgaliev– former interior minister and deputy secretary of the Security Council – is Army General and worked for the FSB.

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