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☆ How El Niño will affect the weather this winter
▼ + stars: | 2023-10-19 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +3 min

Vehicles drive on the flooded Freeway 5 after an El Niño-strengthened storm brought rain to Los Angeles on Jan. 6, 2016. Lucy Nicholson | ReutersThe El Niño weather pattern is still active heading into the winter this year and it will mean the northern and far west portions of the U.S. will have a warmer-than-usual winter. El Niño, meaning "little boy" in Spanish, and La Niña, meaning "little girl" in Spanish, are opposite weather patterns driven by a change in the trade winds in the Pacific Ocean. This is the first time in four years that El Niño has been active as winter begins, according to the NOAA. While El Niño rains will alleviate ongoing droughts in some regions, it may also drive the development of drought conditions in the Pacific Northwest.

Persons: El, Lucy Nicholson, El Niño, Jon Gottschalck, Brad Pugh, Pugh Organizations: National Oceanic, Atmospheric Administration, NOAA, Rockies Locations: Los Angeles, El, U.S, Alaska, Pacific Northwest, New England, Gulf, Mississippi, Great Lakes, Michigan, Ohio, Indiana

☆ Amazon River falls to lowest level in 121 years amid a severe drought
▼ + stars: | 2023-10-17 | by ( ) edition.cnn.com time to read: +3 min

That is the lowest level since records began in 121 years ago in 1902, passing a previous all-time low set in 2010. After months without rain, rainforest villager Pedro Mendonca was relieved when a Brazilian NGO delivered supplies to his riverside community near Manaus late last week. “It is much hotter than past droughts.”Boats and houseboats stranded in a dry area of the Igarape do Taruma stream which flows into the Rio Negro river in Brazil's Amazon rainforest, Oct 16, 2023. The drought has threatened their access to food, drinking water and medicines, which are usually transported by river. A ruler that measures historical river water levels at the Rio Negro river in Manaus, Brazil, Oct 16, 2023.

Persons: Pedro Mendonca, ”, Mendonca, Santa Helena do, Bruno Kelly, Sustentável, Nelson Mendonca, Santa Helena do Ingles, Luciana Valentin Organizations: Reuters, Rio Negro, Brazil’s Science Ministry, Fundação Locations: Reuters — Rivers, Brazil, Manaus, Brazilian, Santa Helena, Santa Helena do Ingles, Amazonas, Rio Negro, El, parched

☆ Indian wheat prices at 8-month high on festival demand, tight supply
▼ + stars: | 2023-10-17 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +2 min

REUTERS/Amit Dave/File Photo Acquire Licensing RightsMUMBAI, Oct 17 (Reuters) - Indian wheat prices surged to an eight-month high on Tuesday, propelled by strong demand for big festivals, limited supplies and as import duty makes overseas buying unfeasible for domestic flour mills. Rising wheat prices could contribute to food inflation. Wheat prices in New Delhi jumped by 1.6% on Tuesday to 27,390 rupees ($329) per metric ton, the highest since Feb. 10. "Festival season demand is driving up wheat prices. As of Oct. 1, wheat stocks in government warehouses stood at 24 million metric tons, sharply down compared with a five-year average of 37.6 million tons.

Persons: Amit Dave, Pramod Kumar S, Sanjeev Chopra, Ashwini Bansod, Bansod, Rajendra Jadhav, Robert Birsel Organizations: Agriculture, REUTERS, Rights, Federation, Phillip Capital India, Ltd ., El, Thomson Locations: Ahmedabad, India, Rights MUMBAI, New Delhi, Ltd . India, Mumbai

☆ Record wildfires and drought hit the Amazon, drying up rivers and smothering Brazil in smoke
▼ + stars: | 2023-10-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Smoke from a fire rises into the air as trees burn amongst vegetation in Brazil's Amazon rainforest near Humaita, Amazonas state, Brazil, August 3, 2023. The Amazon has experienced record number of wildfires this October after a severe drough. In the first half of 2023, 3.6 million acres of the Amazon have been burned by wildfires, according to the Rainforest Foundation. The drought has disrupted cargo shipping along the region's rivers and depleted food, water and medical resources for Amazonian indigenous communities. Meanwhile, the fires have generated clouds of smoke that have brought the air quality to surrounding areas to dangerous levels.

Organizations: Brazil's National Institute for Space Research, Rainforest Foundation, Manaus Locations: Humaita, Amazonas, Brazil, Port, Manaus, Brazilian

REUTERS/Bruno Kelly Acquire Licensing RightsMANAUS, Brazil, Oct 16 (Reuters) - The Amazon River fell to its lowest level in over a century on Monday at the heart of the Brazilian rainforest as a record drought upends the lives of hundreds of thousands of people and damages the jungle ecosystem. Rapidly drying tributaries to the mighty Amazon have left boats stranded, cutting off food and water supplies to remote villages, while high water temperatures are suspected of killing more than 100 endangered river dolphins. That is the lowest level since records began in 1902, passing a previous all-time low set in 2010. After months without rain, rainforest villager Pedro Mendonca was relieved when a Brazilian NGO delivered supplies to his riverside community near Manaus late last week. The drought has threatened their access to food, drinking water and medicines, which are usually transported by river.

Persons: Bruno Kelly, Pedro Mendonca, Mendonca, Santa Helena do, Nelson Mendonca, Santa Helena do Ingles, Luciana Valentin, Jake Spring, Gabriel Stargardter, Steven Grattan, Marguerita Choy, Sandra Maler Organizations: REUTERS, Rights, Rio Negro, Brazil's Science Ministry, El, Fundacao Amazonia Sustentavel, Sao Paulo, Thomson Locations: Rio Negro, Manaus, Brazil, Rights MANAUS, Brazilian, Santa Helena, Santa Helena do Ingles, Amazonas, parched, Sao

☆ Businessman Noboa to face economic, security hurdles as Ecuador president
▼ + stars: | 2023-10-16 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

"We do not anticipate the Noboa administration will be in the position to carry out deep structural reforms." Noboa is set to take office in December and complete the current administration's term through May 2025. Noboa will need to ensure some quick security wins during his first 90 days in office to appease social and political pressures, JPMorgan added. Noboa, Ecuador's youngest president in recent history, would be able to run again in the regularly scheduled 2025 contest. Noboa made a special point to woo young people, with some supporters touting his victory as a fresh start for the country's politics.

Persons: Daniel Noboa, Noboa, Luisa Gonzalez, Rafael Correa, Ecuadorean, Goldman Sachs, Fernando Villavicencio, Alvaro, Guillermo Lasso, Lasso, Alexandra Valencia, Rodrigo Campos, Julia Symmes Cobb, Gerry Doyle, Jonathan Oatis Organizations: Wall Street, JPMorgan, El, National Democratic Action, Thomson Locations: QUITO, American, Ecuador, Quito, Ecuador's

☆ Southeast Asia haze returns as peatland fires fan global warming fears
▼ + stars: | 2023-10-16 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

watch now"The issue is that currently, most governments haven't really looked at the haze and climate change as a unified issue, yet. Something seasonal, that comes and goes, while climate change is something constant and developing," she added. United Nations Environment ProgramMalaysian officials are undoubtedly haunted by the memory of the 2015 and 2019 transboundary haze episodes. School closures were effected in Indonesia, Malaysia and Singapore — affecting nearly four million students in Malaysia alone. Vicious cycle in the peatlandsThe haze in southern Southeast Asia is emitted mostly from massive peatland fires in Sumatra and Borneo.

Persons: Al Zulkifli, Helena Varkkey, haven't, Siti Nurbaya Bakar, Jusuf Kalla, El Nino, El, Vicious, Varkkey, Sharon Seah, Ulet Ifansasti Organizations: Afp, Getty, El Nino, Universiti, CNBC, ASEAN, Jakarta Globe, United Nations Environment Program Malaysian, World Bank, Kuala, Airport, Nurphoto, ASEAN Specialized Meteorological, Asia, Yusof, Institute, United Nations Environment Program, UNEP, Malaysian, Anadolu Agency, Global, Greenpeace, Oil Locations: Ogan Ilir, South Sumatra, Al, Southeast Asia, Asia, Universiti Malaya, Kuala Lumpur, Peninsular Malaysia, Indonesia, Kalimantan, Malaysia, Indonesian, Jakarta, Brunei, Singapore, Thailand, Philippines, Sumatra, El Nino, Borneo, Palem Raya, Borneo . Forest, Anadolu, Eco

1 corn exporter to Brazil last year when the South American country harvested a breakthrough crop, just months after China gave the green light to Brazilian corn imports. The U.S. Department of Agriculture on Thursday maintained 2023-24 Brazilian corn production at 129 million metric tons, identical to the initial May projection. Conab predicts Brazil’s second corn harvest, which supplies the country's exports, could fall nearly 11% on the year to 91.2 million tons. China, like the United States, is winding down its 2023-24 corn harvest. On an October-September basis, USDA sees 2023-24 Brazilian corn exports at 59 million tons versus 53.7 million in 2022-23, and U.S. shipments are pegged at 52.5 million tons in 2023-24 versus 43 million in 2022-23.

Persons: Farmer Roger Hadley, John Deere, Bing Guan, Conab, Brazil Karen Braun, Karen Braun, Matthew Lewis Organizations: REUTERS, Rights, United, U.S . Department of Agriculture, El, USDA, U.S, USA, Brazil, Reuters, Thomson Locations: Woodburn , Indiana, U.S, Rights NAPERVILLE , Illinois, United States, Brazil, China, USDA, Northern, Southern, Mexico, Japan

☆ Analysis: Use of weather derivatives surges as extreme climate events rock the globe
▼ + stars: | 2023-10-11 | by ( Harry Robertson | ) www.reuters.com time to read: +6 min

Weather derivatives were born in the late 1990s. Climate change and the El Nino weather phenomenon combined to make the northern hemisphere summer of 2023 the hottest ever recorded, according to the European Union Climate Change Service. Weather derivatives let buyers hedge against the risk that the weather will damage their business. Average open interest in CME weather futures and options contracts in September was around 170,000 contracts, compared to roughly 10 times that for crude oil - although market participants reckon 90% of the weather derivatives market is in over-the-counter deals. "Extreme weather events tend to make good marketing for weather futures," said Samuel Randalls, a professor at University College London who focuses on weather and climate.

Persons: Andrew ., Ken Griffin's, Peter Keavey, Griffin's Citadel, Nick Ernst, Ernst, Matthew Hunt, Samuel Randalls, David Whitehead, Whitehead, UCL's Randalls, BGC's Ernst, Martin Malinow, Harry Robertson, Emelia Sithole Organizations: NYPD, REUTERS, Energy, Chicago Mercantile Exchange, Enron, CME Group, El, Change, Graphics, University College London, Citadel, Thomson Locations: Manhattan, Williamsburg, New York City, U.S, Paris, New York, Ukraine

☆ Use of weather derivatives surges as extreme climate events rock the globe
▼ + stars: | 2023-10-11 | by ( Harry Robertson | ) www.reuters.com time to read: +6 min

☆ Brazil's consumer prices forecast to have risen faster in Sept.- Reuters poll
▼ + stars: | 2023-10-10 | by ( Gabriel Burin | ) www.reuters.com time to read: +2 min

A man pays a vendor at a fruit stand, at a supply centre (CEASA) in Brasilia, Brazil May 9, 2023. REUTERS/Adriano Machado/File Photo Acquire Licensing RightsOct 10 (Reuters) - Brazil's consumer prices likely rose faster in September, led by hikes in gasoline costs that should have brought annual inflation to the highest rate in seven months, a Reuters poll of economists showed. While it is expected to decelerate again, risks are increasingly tilted to the upside from the potential impact of the El Niño weather pattern on agricultural output which has been abundant so far this year. Brazilian state-run company Petrobras (PETR4.SA) has been raising fuel prices following movements in international oil markets in recent weeks. Higher oil prices and weather risks, combined with worries over Brazil's fiscal issues and steeper U.S. yields, have kept inflation expectations at undesirable levels, slightly above official goals.

Persons: Adriano Machado, decelerate, Yan Barros, Niño, Gabriel Burin, Andrew Cawthorne Organizations: REUTERS, Ace Capital, Petrobras, PETR4, Banco, Brasil, Thomson Locations: Brasilia, Brazil, El, Brazilian, Israel, Australia, India, Brazil's

☆ Cocoa farmers face mounting challenges as El Nino rages on
▼ + stars: | 2023-10-10 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +7 min

Frequent extreme weather events caused by El Nino and climate change hurts cocoa production. According to the the latest El Nino-Southern Oscillation Outlook, El Nino is expected to last through January to March 2024, with a 71% chance it will intensify from November to January. An intensified and frequent El Nino effect could significantly reduce the amount of arable land for cocoa cultivation. watch nowAccording to a report by the Economist Intelligence Unit, a high intensity El Nino may result in severe economic disruption across Africa. The financial cost of El Nino and climate change remains unquantified for Cote d'Ivoire and Ghana.

Persons: Cristina Aldehuela, El, El Nino, Nino, Jonathan Haines, it's, Kerry Daroci, Daroci, That's, Steffany Bermudez, Bermudez Organizations: Afp, Getty, El, El Nino, Southern Oscillation, Gro Intelligence, CNBC, Cocoa, Rainforest Alliance, International Cocoa Organization ., West Africa's Cote d'Ivoire, National Oceanic, Atmospheric Administration, Economist Intelligence Unit, Cote d'Ivoire, West, Rainforest, International Cocoa Organization, Environmental Protection Agency, International Institute for Sustainable Development Locations: Asikasu, Ghana, El Nino, West, West Africa, Kerry, Brazil, Ecuador, International Cocoa Organization . Asia, Pacific, Indonesia, Papua New Guinea, West Africa's Cote, Ivory, Ivory Coast, Africa, London, New York

☆ Amazon drought: Floating village stranded on dry lakebed as extreme drought grips the Amazon
▼ + stars: | 2023-10-10 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —A floating village now lies stranded on a lakebed in Brazil’s Amazon as severe drought leaves communities struggling to access food, fresh water and fuel. Lake Puraquequara is part of the Rio Negro river system, which has been near record-low since the end of September, according to the state’s civil defense authority. “There are many people already having difficulty accessing food, food security, drinking water and other important inputs,” he said in a statement at the time. Boats and houseboats stranded on Lake Puraquequara in Manaus, Brazil, October 6, 2023. Lake Puraquequara in Manaus, Amazonas State, Brazil, on October 6, 2023.

Persons: Isaac Rodrigues, “ We’re, ” Ivalmir Silva, Michael Dantas, Wilson Lima, Bruno Kelly, It’s, El Niño, – Organizations: CNN, Reuters, Getty, Amazonas Gov, CNN Brasil Locations: Lake Puraquequara, Manaus, Amazonas, Brazil, Puraquequara, Rio, Amazonas State, AFP, Lake Tefé, Michael, South America

The usual seasonal pattern for the spot price is a rally heading into the northern winter and summer peak demand periods, followed by a lull in the shoulder seasons in between. This figure already exceeds the 20.22 million metric tons from October last year and is likely to be revised upwards as more cargoes are assessed. Demand in top importer Japan is still following the usual seasonal pattern, which generally sees soft arrivals in October followed by strength as the colder weather arrives. India's imports have been trending higher, with September arrivals of 2.15 million metric tons the most since October 2021. Europe's LNG imports are also showing signs of life, with Kpler estimating October arrivals at 8.58 million metric tons, up from 7.4 million in September.

Persons: Snow, Gary Cameron, Wheatstone, Lincoln Organizations: REUTERS, Rights, Japan, LNG, El, Chevron, Reuters, Thomson Locations: Lusby , Maryland, Rights LAUNCESTON, Australia, Asia, Ukraine, China, Japan, South Korea, Europe, EUROPE, El Nino, Western Australia, Israel, Persian, Qatar, United States

Fund managers sold a total of 57 million barrels over latest two weeks after having purchased 398 million barrels over the previous 12 weeks since the end of June. Hedge funds and other money managers sold the equivalent of 3 million barrels over the week ended Oct. 3. Fund managers have sold gasoline in each of the latest three weeks by a total of 22 million barrels since Sept. 12. As a result, the net position has been cut to 48 million barrels (42nd percentile) from 71 million (77th percentile). Funds held a net long position of just 9 billion cubic feet (32nd percentile since 2010) down from a recent high of 743 billion cubic feet (48th percentile) on July 11.

Persons: Cushing, Brent, John Kemp, Bernadette Baum Organizations: REUTERS, ICE, U.S, Henry Hub, U.S . Commodity Futures Trading Commission, Funds, Thomson, Reuters Locations: Cushing , Oklahoma, U.S, Israel, Chartbook, Brent, NYMEX, Louisiana, Pacific, United States

MANAUS, Brazil (AP) — Communities dependent on the Amazon rainforest's waterways are stranded without supply of fuel, food or filtered water. These are just the first grim visions of extreme drought sweeping across Brazil’s Amazon. Raimundo Silva do Carmo, 67, makes his living as a fisherman, but these days has been struggling to simply find water. Like most rural residents in Brazil's Amazon, do Carmo typically retrieves water untreated from the biome's abundant waterways. The drought has affected most of the main rivers in the Amazon, the world’s largest basin, which accounts for 20% of the planet’s fresh water.

Persons: Raimundo Silva, Carmo, ” Joaquim Mendes da Silva, ”, Edvaldo de Lira, Ana Paula Cunha, Marcus Suassuna Santos, Brazil’s, Ane Alencar, Alencar, Luiz Inácio Lula da Silva’s, Geraldo Alckmin, Ayan Fleischmann, Fleischmann, Flávia Costa, Fabiano Maisonnave, Eléonore Hughes, Diane Jeantet Organizations: Associated Press, Geological Survey, Amazon Environmental Research Institute, Bolsa, Sustainable Development Institute, National Institute for Space Research, National Institute of, AP Locations: MANAUS, Brazil, Brazil's, Puraquequara, Amazonas state's, Manaus, “, CEMADEN, Amazonas, Parana, Lake Puraquequara, Equatorial, Rio Grande do Sul, Madeira, Bolivia, Porto Velho, Santo Antonio, Negro, Bolsa Familia, Solimoes, Madeira —, Lake Tefe, rocketed, Brasilia, Rio de Janeiro

LA PAZ, Oct 6 (Reuters) - Under a scorching sun, more than three hundred Bolivians on Friday marched to a dusty plain near the Incachaca dam that overlooks the city of La Paz, gathering to pray for rain and an end to a severe drought that has threatened their water supply. The ten reservoirs that supply La Paz - one of the country's largest cities with about 2.2 million inhabitants - only contain 135 days of water combined, Bolivia's state-owned water company EPSAS has warned. [1/5]Indigenous women pray for rain near the Incachaca dam, in Incachaca, on the outskirts of La Paz, Bolivia October 6, 2023. Only scarce rain is expected due to the weather phenomenon known as El Nino, the national meteorological agency has said. El Nino, a warming of water surface temperatures in the eastern and central Pacific Ocean, is linked to extreme weather conditions.

Persons: EPSAS, Susana Laruta, Claudia Morales, El, Bernardo Vedia, Santiago Limachi, Sergio Limachi, David Alire Garcia, Edwina Gibbs Organizations: LA, La Paz, REUTERS, El Nino, Thomson Locations: LA PAZ, La Paz, Incachaca, Bolivia

☆ Live updates: Nobel Peace prize 2023 is set to be awarded
▼ + stars: | 2023-10-06 | by ( Christian Edwards | Ed Upright | ) edition.cnn.com time to read: +1 min

Smoke from Canadian wildfires casts a haze over New York on June 7. Eduardo Munoz Alvarez/Getty ImagesWhile the Nobel Peace Prize will be announced today, recipients do not receive their prizes until an official ceremony in December. By this time, the world will be going through an “El Niño” winter -- when ocean temperatures are warmer than normal for an extended period. For Dan Smith, director of the Stockholm International Peace Research Institute, El Niño is set to round off a year in which the climate disaster has become clear to all. The hottest temperatures ever in this place, that place and the other… And as yet El Niño hasn’t kicked in.”

Persons: Eduardo Munoz Alvarez, Dan Smith, El Niño, ”, El Niño hasn’t Organizations: Stockholm International Peace Research Institute, CNN Locations: New York, Stockholm, El, China, Pakistan, Canada, Mexico

☆ What's causing the chronic haze across Southeast Asia?
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +4 min

Despite pleas by Malaysia this week not to "normalise" the haze, Indonesia has flatly denied any responsibility. Global consumption of palm oil, used in a wide range of products such as cookies, candles and as a cooking oil, is growing rapidly. Palm oil is the world's most used edible oil, accounting for 60% of global vegetable oil exports. For Indonesia, the world's biggest palm oil producer, the product is one of the biggest export earners after coal. Export earnings from palm oil and its derivatives stood at $39.28 billion in 2022, according to the Indonesian Palm Oil Association.

Persons: Siti Nurbaya Bakar, Ananda Teresia, Kate Lamb, Bernadette Christina, Naveen Thukral Organizations: of Southeast Asian Nations, Control, ACC, El, Greenpeace, Indonesian Palm Oil Association, Thomson Locations: JAKARTA, Southeast Asia, Indonesian, WHAT'S, Malaysia, Indonesia, Borneo, Singapore, Greenpeace Indonesia

☆ Indonesia defends haze-fighting effort after Malaysia urges action
▼ + stars: | 2023-10-06 | by ( Ananda Teresia | ) www.reuters.com time to read: +3 min

No haze has been detected heading for Malaysia, however, Environment Minister Siti Nurbaya said, a day after it urged Indonesia and fellow Southeast Asian nations to take action against worsening air quality. "We are already working to prevent and extinguish fires, but not based on Malaysia's request," the minister told Reuters. Indonesia is using helicopters to quench the fires with water bombing while inducing rain with cloud seeding methods, Siti Nurbaya said. In 2015 and 2019, such fires burned millions of hectares of land in Indonesia and sent haze billowing across several Southeast Asian countries, generating record-breaking emissions, scientists have said. Southeast Asian agriculture and forestry officials agreed on Friday to take action to minimise, and eventually stamp out, crop burning.

Persons: Antara, Haze, Siti Nurbaya, Nik Nazmi Nik Ahmad, Lax, Rozanna Latiff, Danial, Kanupriya Kapoor, Clarence Fernandez Organizations: ASEAN, Reuters, Malaysian, Association of Southeast Asian Nations, Thomson Locations: Palembang, South Sumatra, Indonesia, ASEAN Indonesia, JAKARTA, cloudseeding, Malaysia, Sumatra, Borneo, Singapore, Malaysian, Danial Azhar, Kuala Lumpur

☆ Amazon drought strands floating Brazilian village on lake turned into mud
▼ + stars: | 2023-10-06 | by ( Bruno Kelly | ) www.reuters.com time to read: +2 min

[1/5] Ivalmir Silva digging searches for water on Puraquequara Lake, which has been affected by drought, in Manaus, Brazil, October 6, 2023. REUTERS/Bruno Kelly Acquire Licensing RightsMANAUS, Oct 6 (Reuters) - Life has come to a standstill for a floating village now stranded on mud flats left by severe drought in Brazil's Amazon rainforest. As Lake Puraquequara dried up, so too has business evaporated for the owners of boats and floating shops that are also stuck in the mud. The Amazon drought, like flooding in the south of Brazil, is a result of the El Niño phenomenon, which warms the Pacific Ocean's surface water, experts say. Things have gotten so bad at Lake Puraquequara that there is little water to drink or cook with.

Persons: Ivalmir Silva, Bruno Kelly, Isaac Rodrigues, Otenisio de, Raimundo Silva, Anthony Boadle, Rod Nickel Organizations: REUTERS, Rights, Rio Negro, Carmo, Thomson Locations: Manaus, Brazil, Rights MANAUS, Solimoes, Puraquequara, Otenisio de Lima

☆ Explainer: What's causing the chronic haze across Southeast Asia?
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +4 min

☆ 2023 on track to become another record-breaking year as temperature hits new high
▼ + stars: | 2023-10-05 | by ( Charlotte Van Campenhout | ) www.reuters.com time to read: +2 min

The global temperature for January-September is also 1.4C higher than the preindustrial average (from the years 1850 to 1900), the institute added, as climate change pushes global temperatures to new records and short-term weather patterns also drive temperature movements. This extreme month has pushed 2023 into the dubious honour of first place - on track to be the warmest year and around 1.4C above preindustrial average temperatures”, Samantha Burgess, Deputy Director of Copernicus, said in a statement. “Two months out from COP28, the sense of urgency for ambitious climate action has never been more critical,” she said referring to the United Nations Climate Change Conference. The previous record belonged to 2016 and 2020 when temperatures were an average of 1.25 degrees C higher. The average sea surface temperature for September over 60°S–60°N reached 20.92C, which is the highest on record for September and the second highest across all months, behind August 2023, Copernicus said.

Persons: Gabriel Flores, Isabel Apaza, Claudia Morales, Samantha Burgess, Copernicus, ”, Charlotte Van Campenhout, Aurora Ellis Organizations: REUTERS, Rights, El, United Nations, Change, Thomson Locations: Lake Titicaca, Huarina, Bolivia, Rights BRUSSELS, 1.4C, COP28

☆ China is swing factor in diesel’s global squeeze
▼ + stars: | 2023-10-05 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

As demand enters peak season, Xi’s ability to dictate how much Chinese oil companies export looks like the key swing factor. Reuters Graphics Reuters GraphicsGlobally, demand for diesel and gasoil is around 28 million barrels per day (bpd), according to the International Energy Agency. Of the world’s 8 million bpd export flows, Russia exported on average 1 million bpd in the nine months to September, according to consultancy Vortexa. Even so, China last year overtook the United States as the world’s biggest refiner, with total refining capacity of 18.4 million bpd. That would limit Chinese exports to below 400,000 bpd, according to Vortexa, adding to tightness elsewhere.

Persons: Vladimir Putin, Xi, Sun, Brent, George Hay, Oliver Taslic Organizations: Reuters, Reuters Graphics Reuters, International Energy Agency, Longzhong, Bloomberg, Thomson Locations: Saudi, U.S, Singapore, El, Russia, Vortexa, China, United States, Europe, Beijing, Moscow

Last month’s average temperature was 0.93 degrees Celsius (1.7 degrees Fahrenheit) above the 1991-2020 average for September. “This is not a fancy weather statistic,” Imperial College of London climate scientist Friederike Otto said in an email. This past September was 1.75 degrees Celsius (3.15 degrees Fahrenheit) warmer than the mid-1800s, Copernicus reported. The world agreed in 2015 to try to limit future warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) warming since pre-industrial times. “This month was, in my professional opinion as a climate scientist – absolutely gobsmackingly bananas,” climate scientist Zeke Hausfather said on X, formerly known as Twitter.

Persons: “, ”, Copernicus, Carlo Buontempo, Friederike Otto, Samantha Burgess, Jessica Moerman, El Nino, Buontempo, ” Otto, Zeke Hausfather, ___ Read, Seth Borenstein Organizations: Imperial College of London, El Nino, Evangelical Environmental, Twitter, AP Locations: U.S

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