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☆ Russian oil shaves India's import costs by about $2.7 billion
▼ + stars: | 2023-11-08 | by ( Nidhi Verma | ) www.reuters.com time to read: +3 min

Crude oil accounts for about a third of India's overall imports by value. Access to cheap Russian oil enabled India to cut imports from the Middle East, where prices strengthened following Saudi Arabia's voluntary additional supply cuts since July. India imported 69.06 million metric tons of Russian oil, equivalent to 1.85 million barrels per day (bpd), between January and September, commerce ministry data showed, including Russian oil imported from South Korea, Greece and Spain through transshipments. The average price for Russian oil delivered to Indian refiners was $525.60 per ton during that period, including shipping and insurance costs, Reuters calculations based on ministry data showed. Discounted Russian oil cuts India's crude import billIndia saved at least $2 billion in buying discounted Russian oilBy importing Russian oil, Indian refiners benefit from lower feedstock costs, which have buoyed gross refining margins and curtailed revenue loss from subsidised retail fuel sales.

Persons: Dado Ruvic, India doesn't, Nidhi Verma, Florence Tan, Tony Munroe, Christina Fincher Organizations: REUTERS, Saudi, Iraq, Saudi Arabia, Thomson Locations: DELHI, India, Europe, Moscow, Ukraine, South Korea, Greece, Spain, transshipments, Russia, Saudi, Sokol, China

NEW YORK (AP) — The New York Mets are hiring Yankees bench coach Carlos Mendoza as their manager, according to a person familiar with the decision. Mendoza spent the past four seasons across town as Aaron Boone's bench coach with the Yankees. He replaces Buck Showalter, fired by the Mets at the end of last season after holding the job for two years. Political Cartoons View All 1234 ImagesMendoza becomes the fifth Mets manager since Terry Collins’ seven-year tenure ended in 2017. Showalter took over in December 2021 and led the Mets to a 101-61 record and a playoff berth in 2022, when he was voted NL Manager of the Year.

Persons: Carlos Mendoza, Mendoza, Aaron Boone's, Buck Showalter, David Stearns, Steve Cohen, Terry Collins ’, — Carlos Beltrán, Craig Counsell, Stearns, Counsell, David Ross, hadn't, Stephen Vogt, Terry Francona, Showalter, Cy Young, Justin Verlander, Max Scherzer, ___ Organizations: New York Mets, Yankees, Associated Press, Mets, Venezuelan Winter League, NL East, Major League, Houston Astros, hometown Brewers, NL Central, Chicago Cubs, Cleveland Guardians, New Locations: Atlanta, . New York, Milwaukee, New York, San Diego

☆ US Senate Republicans unveil border plan as House Ukraine bill looms
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

2 Senate Republican John Thune told reporters that Johnson's plan has "a lot" of support among Republicans in the Senate, adding: "It'd be strong." The Republican-controlled House passed HR-2 in May, but the bill has gone nowhere in the Democratic-led Senate. Among other things, the Senate Republican proposal would resume construction of a border wall -- former President Donald Trump's signature goal -- in addition to deeming large numbers of migrants ineligible for asylum. Republican border provisions face broad opposition from Democrats in Congress and from President Joe Biden. He told reporters that a bill linking Ukraine aid to border security would come soon.

Persons: San Nicolas de los, Daniel Becerril, Mike Johnson, Republican John Thune, Lindsey Graham, Tom Cotton, James Lankford, Donald Trump's, Joe Biden, Johnson, David Morgan, Scott Malone, Deepa Babington Organizations: REUTERS, Rights, U.S, Senate Republicans, Republican, Republicans, Democratic, Democrats, Internal Revenue Service, Thomson Locations: U.S, Nuevo Leon, San Nicolas, San Nicolas de los Garza, Mexico, Ukraine, Republican, Israel

☆ Rebels Kidnapped Father of Liverpool Soccer Star Luis Díaz, Colombian Government Says
▼ + stars: | 2023-11-02 | by ( Juan Forero | ) www.wsj.com time to read: 1 min

Cilenis Marulanda, left, was also abducted but was rescued soon after. Photo: lismari machado/Agence France-Presse/Getty ImagesBOGOTA, Colombia—A leftist guerrilla group that embarked on peace talks with President Gustavo Petro ’s administration has been deemed responsible for kidnapping the father of European soccer star Luis Díaz , the government said Thursday. The National Liberation Army, which has operated since the 1960s and entered into a cease-fire agreement with the government in August, kidnapped Diaz’s parents, Luis Manuel Díaz and Cilenis Marulanda , on Saturday in the town of Barrancas in northeast Colombia near the Venezuelan border, said Otty Patiño , the government’s lead negotiator in talks with the group.

Persons: Cilenis Marulanda, lismari machado, Gustavo Petro ’, Luis Díaz, Diaz’s, Luis Manuel Díaz, Cilenis, Otty Patiño Organizations: Agence France, Getty Images, National Liberation Army Locations: Getty Images BOGOTA, Colombia, Barrancas, Venezuelan

☆ Venezuelan Court Suspends Results of Opposition Primary
▼ + stars: | 2023-10-30 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

Maria Corina Machado at news conference in Caracas, Venezuela, last month. Photo: Carlos Becerra/Bloomberg NewsVenezuela’s highest court suspended the outcome of a primary that the opposition held to choose a presidential candidate, casting doubts over a deal that President Nicolás Maduro had reached with the Biden administration to pave the way for free and fair elections. The Supreme Court’s decision on Monday came after a series of public comments by Maduro and other high-ranking regime officials in recent days deeming the opposition’s Oct. 22 primary a fraud, though no evidence for the assertion was offered.

Persons: Maria Corina Machado, Carlos Becerra, Nicolás Maduro, Biden, Maduro Organizations: Bloomberg Locations: Caracas, Venezuela

☆ Large Migrant Caravan Sets off for US From Southern Mexico
▼ + stars: | 2023-10-30 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Diego OréMEXICO CITY (Reuters) - A large migrant caravan comprising many Central Americans and Venezuelans left southern Mexico on Monday for the United States, organizers and officials said, as Washington grapples with renewed pressure on its southern border. U.S. President Joe Biden, who is seeking reelection next year, is under pressure to curb the number of people crossing illegally into the United States from Mexico. Most of the latest caravan are from Cuba, El Salvador, Guatemala, Haiti, Honduras and Venezuela, according to Mujica. Mujica said the migrants opted to leave Tapachula due to frustration about not being able to obtain humanitarian visas. Tropical storm Pilar formed off Central America in the Pacific on Monday, and threatens to dump heavy rain on the region and parts of southern Mexico.

Persons: Diego, Irineo Mujica, Joe Biden, Mujica, it's, Oscar Gutierrez, Pilar, Diego Ore, Jonathan Oatis Organizations: MEXICO CITY, Central, Migration Institute, Central America Locations: MEXICO, Mexico, United States, Washington, Chiapas, Tapachula, Guatemalan, Cuba, El Salvador, Guatemala, Haiti, Honduras, Venezuela, Huehuetan, Acapulco, Darien, Panama, Colombia, Venezuelan

[1/3] A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. The restrictions were removed in response to a deal reached between the country's government and opposition parties for the 2024 election. JPMorgan's index team, which has made no statement as yet on the future treatment of the Venezuelan bonds, has reached out informally to investors to discuss the topic, the sources said. Venezuela and PDVSA have around $60 billion of international bonds outstanding, which are in default. The decision on index membership and weighting is taken by JPMorgan, though any changes usually follow consultations with investors.

Persons: Ivan Alvarado, Rodrigo Campos, Jorgelina, Rosario, Karin Strohecker, Christina Fincher, Nick Zieminski Organizations: REUTERS, JPMorgan, Reuters, Thomson Locations: Caracas, Venezuela, United States, PDVSA, Washington

☆ Machado formally wins Venezuela primary, government warns against foreign interference
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

[1/5] Venezuelan opposition leader Maria Corina Machado attends an event to receive the credential as winner of the October 22 opposition's primary election, in Caracas, Venezuela October 26, 2023. The country's attorney general said on Wednesday his office has launched a criminal investigation into the primary and members of its organizing commission. Machado, who won about 93% of votes in the primary, met with about 10 foreign diplomats on Wednesday at her party's headquarters, sparking the government's objections. Rodriguez, the government's top negotiator in talks with the opposition, told the diplomats the primary violated electoral rules because it was organized without the help of electoral authorities and violated the Barbados deal. Machado, however, said the investigation into the primary is a "clear" violation of the Barbados deal.

Persons: Maria Corina Machado, Leonardo Fernandez Viloria, Nicolas Maduro, Machado, Maduro, Jorge Rodriguez, Rodriguez, Jesus Maria Casal, Vivian Sequera, Mayela Armas, Deisy, Julia Symmes Cobb, Rod Nickel Organizations: REUTERS, Rights, Venezuelan, The U.S . State Department, Thomson Locations: Caracas, Venezuela, Rights CARACAS, U.S, Barbados, The

Cutouts depicting images of oil operations are seen outside a building of Venezuela's state oil company PDVSA in Caracas, Venezuela January 28, 2019. U.S. sanctions that were in place on Venezuela since 2019 largely blocked state-run oil company PDVSA from exporting to its chosen markets. That changed last week, but Washington's six-month relaxation of the measures is too limited to spur new crude production. PDVSA also is in talks with Mercuria Energy and Sahara Energy on spot sales, the sources said. The Italian company and Spain's Repsol (REP.MC) have been in negotiations with PDVSA for months to expand gas output in Venezuela.

Persons: Carlos Garcia Rawlins, Trafigura, PDVSA, Pedro Tellechea, Tipco, Spain's, Eni, Maurel, prepay, Marianna Parraga, Laura Sanicola Organizations: REUTERS, Rights, Global, PDVSA, Bermuda, Mercuria Energy, Sahara Energy, U.S ., Reliance Industries, Valero Energy, PBF Energy, Eni, Valero, Reliance, U.S . Treasury Department, Traders, Thomson Locations: Caracas, Venezuela, U.S, Venezuela's, Sahara, PDVSA's, Houston, Washington

That happened Sunday when Trump posted on social media, in capital letters, that Powell “was not my attorney, and never was." Smith's indictment notes Trump privately told others that he thought her election fraud ideas sounded “crazy." Campaigning in New Hampshire on Monday, Trump appeared to refer to Powell and Cheesbro as “good people” and said prosecutors worked to “hound” and “scare” them. Steve Sadow, Trump's lead attorney in the Georgia case, expressed confidence that Powell’s plea wouldn’t hurt Trump, saying last week that any truthful testimony offered would be "favorable to my overall defense strategy." The Georgia indictment accuses Powell in a plot to illegally access a county's voting equipment.

Persons: — Sidney Powell, Donald Trump, Kenneth Chesebro, Trump, Joe Biden, —, “ It's, it’s, John Fishwick, Powell, “ She's, — Powell, Chesebro, That's, Fani Willis, winnow, ”, Anthony Michael Kreis, Jack Smith, Smith, “, Jessica Roth, “ They're, Jack Smith's, Powell “, Rudy Giuliani, Jenna Ellis, ” Kreis, she'd, Giuliani, Ellis, Hugo Chavez, Biden, Kreis, Cheesbro, Steve Sadow, Trump's, he's, John Eastman, Randall Eliason, you've, ___ Tucker, Jill Colvin Organizations: ATLANTA, White, Trump, Western, of, Georgia State University, Cardozo School of Law, Twitter, Fulton County, Biden, Georgia Republicans, George Washington University, Associated Press Locations: Fulton County , Georgia, U.S, of Virginia, Fulton County, Georgia, Germany, New Hampshire, Washington, Derry , New Hampshire

☆ Morning Bid: Markets juggle 5% yields and 150 yen
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsA look at the day ahead in U.S. and global markets from Mike DolanPartly unwinding pre-weekend safety hedges related to the Middle East conflict, world markets are back focused on some critical macro priced levels and milestones that may once again define the week. The dollar retained its bid as a result and continued to probe the 150 yen level many suspect the Bank of Japan will be keen to protect against with open-market yen buying. But even these megacaps are still in thrall to the worrying squeeze in U.S. bond markets and the breach of the 5% threshold on 10-year tenors on Monday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Goldman Sachs, thrall, that's, That's, Sergio Massa, Javier Milei, Maria Corina Machado, Hess, Berkley, Brown, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Bank of Japan, European Central Bank, Industrial, China, Goldman, Microsoft, Meta, Federal Reserve, Economy, Banco BBVA Argentina, Peronist, Massa, Venezuelan, Chevron, Exxon, Natural Resources, Brown, Cadence, Packaging Corp of America, Fed, Bank of Israel, Trade Organization, Treasury, Reuters, Thomson Locations: New York City, U.S, Gaza, China, Taiwan, outflows, 50bps, York, America, Venezuela, Geneva

☆ Machado holds huge lead in Venezuela presidential primary vote
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

Industrial engineer and former lawmaker Maria Corina Machado reacts to the vote count, after Venezuelans voted in a primary to choose a unity opposition candidate to face Venezuela's President Nicolas Maduro in his probable re-election bid in 2024, in Caracas, Venezuela October 23, 2023. REUTERS/Leonardo Fernandez Viloria Acquire Licensing RightsCARACAS, Oct 23 (Reuters) - Venezuelan opposition leader Maria Corina Machado held an overwhelming lead in the vote count on Monday evening for the South American country's opposition presidential primary with 92.56% support, according to opposition officials. Nearly 65% of ballot boxes have been counted, they added. Machado declared victory overnight after an initial count of about a fourth of the ballots cast in the Sunday contest showed she had won by a similar margin. Reporting by Vivian Sequera; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

Persons: Maria Corina Machado, Nicolas Maduro, Leonardo Fernandez Viloria, Machado, Vivian Sequera, David Alire Garcia Organizations: REUTERS, Rights, South, Thomson Locations: Caracas, Venezuela, Rights CARACAS, Venezuelan

☆ Oil prices ease as aid convoys arrive in embattled Gaza Strip
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: +2 min

A crane ship helps other vessels searching for oil and natural gas near the oil platform offshore the Red Sea in Ras Behar region, Egypt on January 29, 2023. Oil prices eased on Monday as aid convoys started to arrive in the Gaza Strip over the weekend amid diplomatic efforts to contain a conflict between Israel and the Palestinian Islamist group Hamas from spreading to the wider oil-rich region. "Israel agreed to hold off its attack on Hamas following pressure from the U.S.," ANZ Research said in a client note. Aid convoys started to arrive to the Gaza Strip from Egypt over the weekend, as Arab leaders and foreign ministers gathered for a summit in Cairo which was unable to yield a joint statement. In latest developments, Israel has bombarded Gaza with air strikes and its aircraft have struck Lebanon.

Persons: Israel, Joe Biden, Benjamin Netanyahu, Pope Francis . Organizations: Brent, . West Texas, ANZ Research, Organization of, Petroleum, Russia —, Aid, Sunday, Israeli, of France Locations: Ras Behar, Egypt, Gaza, Israel, Palestinian, U.S, Russia, Venezuela, Venezuelan, Cairo, Canada, France, Britain, Germany, Italy, Netherlands, Lebanon

Refiners also called on stockpiles in July, though, when refinery processing exceeded the total volume of available crude by 510,000 bpd. The inventory draws in September and July came as China's refiners boosted throughput to meet rising domestic demand and higher fuel exports. As well, a strong rally in global oil prices has lowered the incentive to keep crude imports at elevated levels. China total available crude vs refinery throughputIMPORTS DROPPING? China's crude imports were 11.13 million bpd in September, down 10.5% from August's 12.4 million bpd, according to customs data.

Persons: Refiners, China's, China doesn't, It's, LSEG, Tom Hogue Organizations: National Bureau of Statistics, Benchmark Brent, United, United Arab Emirates, Diesel, Reuters, Thomson Locations: LAUNCESTON, Australia, China, It's, OPEC, Saudi Arabia, United Arab, Asia

Machado, 56, had led her rivals by some 40 points in polls. Though five people were released, the Maduro government said last week that those with disqualifications cannot run in the 2024 contest. The opposition, which says the disqualifications are unlawful, has been reticent about what it would do if Machado wins the primary but is unable to compete in 2024. Machado has said she could pressure the electoral authorities to let her register, while others have argued a substitute will be necessary. Reporting by Vivian Sequera and Mayela Armas; Writing by Julia Symmes Cobb; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Maria Corina Machado, Nicolas Maduro, Machado, Carlos Prosperi, Maduro, Vivian Sequera, Mayela Armas, Julia Symmes Cobb, Tom Hogue Organizations: Venezuelan, Thomson Locations: Caracas, CARACAS, United States, Machado's

☆ Thawing U.S.-Venezuela Relations Raise Hope for Prisoner Releases
▼ + stars: | 2023-10-22 | by ( Ryan Dubé | Kejal Vyas | ) www.wsj.com time to read: 1 min

Pedro Martínez gets on his knees and prays for the release of his son. Photo: Rod Lamkey/Zuma PressThirteen months ago, on the day she celebrated her retirement, Elaine Cristella received a text message with a mug shot of her son and the news that the former Florida resident had been jailed in Venezuela. Security forces arrested her son, Joseph Cristella, in September last year at a bus stop shortly after he had crossed into Venezuela from Colombia to visit his fiancée, a Venezuelan. The charge: conspiracy against the Venezuelan state, his mother said.

Persons: Pedro Martínez, Rod Lamkey, Elaine Cristella, Joseph Cristella Organizations: Zuma, Security, Venezuelan Locations: Florida, Venezuela, Colombia, Venezuelan

The auction could start a new chapter for the 113-year-old company, which has been owned by Venezuela for almost 40 years. Washington and Venezuela's political opposition wanted Citgo to anchor the country's economic future under a democratically elected government. The sale could become the biggest court auction ever held. Motiva, Valero and Citgo's ultimate parent, Venezuela's state oil company PDVSA, did not reply to requests for comment. "Citgo will be strategic for Venezuela in the next 20-25 years, not only as a refining company, but with an expanded role," director Medina said.

Persons: Biden, Citgo, Nicolas Maduro's, Matthew Blair, Tudor, Blair, Jose Ignacio Hernandez, Leonard Stark, PDVSA, PDV, Juan Guaido, Natalie Shkolnik, Wilk Auslander, Nicolas Maduro, Stark, Evercore, Conoco, Horacio Medina, Carlos Jorda, Medina, Hernandez, Marianna Parraga, Erwin Seba, Gary McWilliams, Anna Driver Organizations: U.S . State Department, Reuters, Marathon Petroleum, Motiva Enterprises, Valero Energy, Koch Industries, Valero, U.S . Treasury, Holt, U.S, Crystallex International, PDVSA, National Assembly, Citgo, PDV, Supreme, Evercore, ConocoPhillips, Exxon Mobil, Exxon, U.S . Treasury Department's, Foreign Assets Control, Thomson Locations: United States, Petroleum, U.S, Houston, Venezuela, Washington, Saudi, Pickering, Citgo, Delaware, Caracas

Maria Corina Machado, 56, an industrial engineer and former lawmaker, has led her rivals by some 40 points in polls. The opposition and government this week signed a deal on some election guarantees, including the presence of international observers. Some in the opposition have said they are skeptical Maduro will follow through on the deal. The opposition, which says the disqualifications are unlawful, has been reticent to confirm what it would do if Machado wins the primary but is unable to compete in 2024. Others have argued selecting a substitute candidate would be necessary, though whether the often-fractious opposition would accept Machado choosing a replacement remains to be seen.

Persons: Leonardo Fernandez Viloria, Nicolas Maduro, Maria Corina Machado, Machado, Maduro, Jorge Rodriguez, Carlos Prosperi, Delsa, Mayela Armas, Vivian Sequera, Julia Symmes Cobb, Rod Nickel Organizations: El, REUTERS, Rights, Trump, Thomson Locations: El Valle, Venezuela, Caracas, Rights CARACAS, United States

☆ Thousands of people are cutting off their hair and donating it to help soak up an oil spill in Venezuela that is so large it can be seen from space
▼ + stars: | 2023-10-21 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

Thousands of people, and their dogs, have donated hair to help clean up Lake Maracaibo. Environmentalists will weave nets out of the hair to stop the oil slicks from spreading. Now, a young environmentalist is trying to change that — by asking volunteers to donate their hair to soak up the oil, The Washington Post reported. AdvertisementAdvertisementEstrach and her team will use the hair to weave nets — called booms — that can both stop oil slicks from spreading and soak up the oil itself. Estrach told the Post that two pounds of hair can soak up between 11 and 17 pounds of oil.

Persons: —, Selene Estrach, Estrach, Phillip McCrory, McCrory Organizations: Service, Washington Post, Proyecto Sirena, NASA, of Locations: Maracaibo, Venezuelan, Alabama, California

A person puts gas in a vehicle at a gas station in Manhattan, New York City, U.S., August 11, 2022. Brent crude futures rose $1.00, or 1.1%, to $93.26 a barrel by 11:24 a.m. EDT (1524 GMT). Both front-month contracts were headed for a second weekly gain on heightened fears of the Middle East conflict spreading. "The Middle East remains a big focus of the market because of fears of a region-wide conflict that would likely involve a disruption of oil supplies," said John Kilduff, a partner at New York-based Again Capital. "Venezuelan oil production will not be a significant factor in shaping the global oil balance in the foreseeable future," Tamas Varga of oil broker PVM wrote in a note.

Persons: Andrew Kelly, Brent, John Kilduff, Kilduff, Yoav Gallant, Washington's, Phil Flynn, Tamas Varga, PVM, Shariq Khan, Paul Carsten, Florence Tan, Sudarshan, Shri Navaratnam, Jason Neely, David Gregorio Our Organizations: REUTERS, . West Texas, Israeli, Pentagon, . Strategic Petroleum Reserve, Price Futures, Reuters, Thomson Locations: Manhattan , New York City, U.S, Gaza, Venezuela, BENGALURU, Israel, New York, Yemen, Saudi Arabia, Russia, OPEC

All three benchmarks had gained more than $1 in earlier trading, and both front-month contracts are set to record a second weekly gain as an explosion at a Gaza hospital this week and an anticipated ground invasion by Israeli troops heightened fears of the conflict spreading in the Middle East. "Signs that an Israeli ground offensive in the Gaza Strip is imminent have been pushing oil prices up significantly since yesterday. So far, however, the supply situation on the market has not changed," Commerzbank analysts wrote in a note on Friday. Oil prices are "likely to remain well supported, especially as the oil market is significantly undersupplied at present", they said. "Venezuelan oil production will not be a significant factor in shaping the global oil balance in the foreseeable future," Tamas Varga of oil broker PVM wrote in a note.

Persons: Andrew Kelly, Brent, Yoav Gallant, Tamas Varga, PVM, Paul Carsten, Florence Tan, Sudarshan, Shri Navaratnam, Jason Neely Organizations: REUTERS, Brent, . West Texas, Israeli, Pentagon, Strategic Petroleum Reserve, U.S . Department of Energy, Reuters, Thomson Locations: Manhattan , New York City, U.S, Gaza, Venezuela, Israel, Yemen, Saudi Arabia, Russia, United States, Washington, OPEC, London

Both front-month contracts are set to record a second weekly gain as an explosion at a Gaza hospital this week and an anticipated ground invasion by Israeli troops heightened fears of the conflict spreading in the Middle East. "Signs that an Israeli ground offensive in the Gaza Strip is imminent have been pushing oil prices up significantly since yesterday. So far, however, the supply situation on the market has not changed," Commerzbank analysts wrote in a note on Friday. Oil prices are "likely to remain well supported, especially as the oil market is significantly undersupplied at present", they said. "Venezuelan oil production will not be a significant factor in shaping the global oil balance in the foreseeable future," Tamas Varga of oil broker PVM wrote in a note.

Persons: Andrew Kelly, Brent, Yoav Gallant, Tamas Varga, PVM, Paul Carsten, Florence Tan, Sudarshan, Shri Navaratnam, Jason Neely Organizations: REUTERS, Minister, Brent, . West Texas, Israeli, Pentagon, Strategic Petroleum Reserve, U.S . Department of Energy, Reuters, Thomson Locations: Manhattan , New York City, U.S, Gaza, Venezuela, Israel, Yemen, Saudi Arabia, Russia, United States, Washington, OPEC, London

☆ Midwives check on pregnant migrants traveling through Mexico
▼ + stars: | 2023-10-20 | by ( Jose Cortes | ) www.reuters.com time to read: +2 min

[1/5] Midwives Leticia Serrano and Maria Abascal talk to a migrant woman carrying her son, at a makeshift migrant shelter where Serrano checks on pregnant women, in San Sebastian Tutla, Oaxaca, October 19, 2023. As record numbers of migrants looking to reach the United States trek the perilous Darien Gap jungles between Colombia and Panama, many have reported rapes. The makeshift midwives' station in the camp in Oaxaca state, where families sleep in small tents with little protection from sun and rain, is part of a network of midwives helping migrants that operates across Mexico. Melanie Gonzalez, 22, has been traveling for two months since leaving Venezuela with her husband to seek work in the United States and send money back to her mother and two kids. At six-months pregnant, she, like many other women making the journey across Mexico faces numerous risks, including infections that can cause miscarriage and rough conditions.

Persons: Leticia Serrano, Maria Abascal, Serrano, Jorge Luis Plata, SEBASTIAN, Luzmar Rodriguez, I've, Rodriguez, Melanie Gonzalez, Gonzalez, Jose Cortes, Sarah Morland, Rod Nickel Organizations: REUTERS, Thomson Locations: San Sebastian, Oaxaca, Mexico, United States, Colombia, Panama, Venezuelan, Chile, Texas, Mexico City, Venezuela

☆ Oil climbs on Mideast contagion fears from Israel-Gaza conflict
▼ + stars: | 2023-10-20 | by ( ) www.cnbc.com time to read: +2 min

Oil prices extended gains on Friday, rising about 1% on fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the world's top-producing regions. Brent crude futures climbed 77 cents, or 0.8%, to $93.15 a barrel by 0042 GMT. U.S. West Texas Intermediate crude was at $90.36 a barrel, up 99 cents, or 1.1%. Israeli Defence Minister Yoav Gallant told troops gathered at the Gaza border on Thursday that they would soon see the Palestinian enclave "from inside," suggesting an expected ground invasion could be nearing. Venezuelan state-run oil company PDVSA has begun contacting customers with crude supply contracts, two people familiar to the matter said on Thursday, moving to resume cash sales to global refiners.

Persons: CLc2, Tony Sycamore, Yoav Gallant, Sycamore, PDVSA Organizations: Brent, . West Texas, Israel Defence Forces, Israeli, U.S, Pentagon, Strategic Petroleum Reserve, U.S . Department of Energy, Reuters Locations: Israel, Gaza, Yemen, Saudi Arabia, Russia, United States, Washington, Venezuela, OPEC, Venezuelan

When the Venezuelan government released five political prisoners late Wednesday to cheers from the country’s opposition, it was the most emotional in a rapid series of policy shifts in the South American country that together represent the most significant softening of relations between Venezuela and the United States in years. In a matter of days, Venezuela’s authoritarian government has agreed to accept Venezuelan migrants deported from the United States and signed an agreement with opposition leaders designed to move toward a free and fair presidential election in 2024. In exchange, the United States has agreed to lift some economic sanctions on Venezuela’s oil industry, a vital source of income for the government of President Nicolás Maduro. The developments come just days before more than one million Venezuelans are expected to head to the polls for a primary election to choose the opposition leader who will face Mr. Maduro next year.

Persons: Nicolás Maduro, Maduro Locations: Venezuelan, American, Venezuela, United States

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