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Oil drops as India's COVID crisis puts brakes on rally | Reuters

Oil drops as India's COVID crisis puts brakes on rally | Reuters Oil prices fell 1% on Thursday as India's coronavirus crisis deepened, halting a rally that had lifted crude to an eight-week high after the IEA and OPEC forecast a rebound in global demand.Brent crude was down 74 cents, or 1.1%, at $68.58 a barrel by 0655 GMT, after rising 1% on Wednesday. West Texas Intermediate (WTI) was down 75 cents, or 1.1%, to $65.33 a barrel, having risen 1.2% in the previous session."The path for crude p...
Tags: Travel, India, Opec, Iran, IEA, Reuters, Reuters Oil, International Energy Agency IEA, Rupert Neil Bumfrey, OANDA, Edward Moya


#Saudi Official Confirms Talks With #Iran to Reduce Tensions - Bloomberg

Saudi Official Confirms Talks With Iran to Reduce Tensions - Bloomberg A Saudi foreign ministry official confirmed his country is in talks with Iran to reduce tensions in the Middle East, bringing weeks of private diplomacy between the two regional powerhouses into the open.Ambassador Rayed Krimly, head of policy planning at the ministry, told Reuters that Riyadh wanted to see “verifiable deeds” before evaluating the talks.“We hope they prove successful, but it is too early, and premature, to ...
Tags: Travel, Saudi Arabia, Bloomberg, Iran, Vienna, Middle East, Donald Trump, Reuters, Riyadh, Reuters Iraq, Rupert Neil Bumfrey, Rayed Krimly, Krimly


The loan must be repaid according to the terms specified in the loan agreement.

The company shall provide ………. security guards to keep ward and watch and protection of the said factory as per the employer’s requirement. The security guards provided by the company will be for twenty-four hours in the shift of 8 hours and shall provide complete security arrangement and protection of the said factory round the clock. 12. In case of any dispute or difference arising between the parties under this agreement, the decision of ……… will be final and binding and the company will not ...
Tags: Travel, Congress, France, China, India, Court, Americas, Uncategorized, Narendra Modi, US, Iran, Taiwan, Britain, United States, Ronald Reagan, United Kingdom


Postnuptial agreements are very similar to prenuptial agreements.

6. The company will indemnify the employer against any claim, loss, damage occurred, or caused to the employer due to willful acts or omissions or carelessness or negligence of the security guards employed by the company, while on duty. 3. The company at its own expenses shall provide its security guards with necessary uniform, arms, outfit, etc. required for the effective discharge of security services to the employer. 9. The employer shall be entitled to supervise the services provided by the ...
Tags: Travel, Supreme Court, China, Russia, Uncategorized, US, Barack Obama, Iran, Taiwan, United States, Kyrgyzstan, Tokyo, Defence, Haiti, Sap, IAEA


UPDATE 1-Russian oil output rises 2% in April following OPEC+ deal | Reuters

UPDATE 1-Russian oil output rises 2% in April following OPEC+ deal | Reuters Russian oil and gas condensate output rose 2% to 10.46 million barrels per day (bpd) in April, from 10.25 million bpd in March, according to Reuters calculations based on an Interfax report on Sunday citing energy ministry data.Under a deal agreed by the OPEC+ group of leading oil producers in March, Russia’s production quota was allowed to increase by 130,000 bpd from April 1 to 9.379 million bpd, excluding the outpu...
Tags: Travel, Russia, Opec, Iran, Reuters, Interfax, Organization of the Petroleum Exporting Countries, Rupert Neil Bumfrey


Oil Holds Near $61 With Markets Weighing Mixed Demand Signals - Bloomberg

Oil Holds Near $61 With Markets Weighing Mixed Demand Signals - Bloomberg WTI for June delivery fell 0.2% to $61.28 a barrel as of 8:54 a.m. in New York Brent for the same month declined 0.3% to $65.18 Oil held near $61 a barrel in New York as traders balanced demand setbacks in Asia with more optimistic data from Europe.The market has been torn between divergent demand indicators this month, pushing West Texas Intermediate into weekly swings between gains and losses. Latest data showed ...
Tags: Travel, Asia, Europe, New York, India, Opec, Bloomberg, Iran, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey, Jens Pedersen, Bloomberg WTI, Danske Bank Prices


Even #SaudiArabia and #Iran may be thinking peace now | Financial Times

Even Saudi Arabia and Iran may be thinking peace now | Financial Times The measured presence of Joe Biden in the White House, vacated gracelessly by the geopolitical arsonist Donald Trump, may be having a mildly calming effect on the Middle East, the most reliably combustible region in the world and perennial provider of what the US has come to think of as “forever wars”.  A US delegation, headed by Robert Malley, the special envoy for Iran, is trying to resurrect the 2015 nuclear a...
Tags: Travel, Saudi Arabia, White House, US, Barack Obama, Joe Biden, Iran, Vienna, Middle East, Donald Trump, Baghdad, Financial Times, Trump, Robert Malley, Rupert Neil Bumfrey, US Saudi Arabia


#Saudi Stocks Rise on Earnings Optimism: Inside EM - Bloomberg

Saudi Stocks Rise on Earnings Optimism: Inside EM - BloombergSaudi Arabia’s benchmark stock index was the biggest gainer in the Gulf as better-than-expected earnings fueled investor optimism and talks between Iran and the U.S. to end a years-long standoff progressed.Gauges in Dubai, Israel and Egypt also gained while those in Abu Dhabi, Kuwait, Qatar and Oman fell. Bahrain’s index little changed.World powers advanced efforts to revive a 2015 nuclear accord between Iran and the U.S. during key ne...
Tags: Travel, Saudi Arabia, Bloomberg, Iran, Vienna, Egypt, Oman, Muscat, Bahrain, Financial Times, Gulf, Mathew, Rupert Neil Bumfrey, Joice Mathew, United Securities, Dubai Israel


#Saudi, #UAE Stocks Rise on Earnings, #Iran Optimism: Inside EM - Bloomberg

Saudi, UAE Stocks Rise on Earnings, Iran Optimism: Inside EM - BloombergBenchmark stock indexes in Saudi Arabia and the United Arab Emirates were among the biggest gainers in the Gulf as better-than-expected earnings fueled investor optimism and talks between Iran and the U.S. to end a years-long standoff progressed.Gauges in Abu Dhabi, Dubai, Saudi Arabia and Israel gained while those in Qatar and Oman fell. Bahrain and Kuwait were little changed.World powers advanced efforts to revive a 2015 n...
Tags: Travel, Saudi Arabia, Israel, Qatar, Bloomberg, Iran, Vienna, United Arab Emirates, Dubai, Oman, Muscat, Bahrain, Kuwait, Financial Times, Gulf, Index


#Saudi and Iranian officials hold talks to patch up relations | Financial Times

Saudi and Iranian officials hold talks to patch up relations | Financial Times Senior Saudi and Iranian officials have been holding direct talks in a bid to repair relations between the two regional rivals, five years after they cut off diplomatic ties, according to three officials briefed on the discussions.  The negotiations, which took place in Baghdad this month, are thought to be the first significant political discussions between the two nations since 2016 and come as Joe Bide...
Tags: Travel, Saudi Arabia, Joe Biden, Iran, Biden, Yemen, Baghdad, Financial Times, Mohammed bin Salman, Rupert Neil Bumfrey


#Qatar stocks outperform as cap on foreign ownership removed | Reuters

Qatar stocks outperform as cap on foreign ownership removed | ReutersQatari shares rose sharply early on Thursday, following approval of a bill by the Gulf state’s cabinet that will allow non-Qatari investors to own up to 100% of listed companies’ capital.In Qatar, the benchmark advanced 2.5%, its biggest intraday gain since April last year, with banks leading the gains.Qatar Islamic Bank gained 6%, while Commercial Bank surged 10%, to become the top gainer on the index.The cabinet also decided ...
Tags: Travel, Saudi Arabia, Qatar, Iran, United Arab Emirates, Dubai, Abu Dhabi, Yemen, Gulf, Reuters, Saudi Aramco, Jazan, Emaar Properties, Commercial Bank, Qatar Islamic Bank, Air Arabia


Oil rises on U.S. vaccine rollout, Middle East tension | Reuters

Oil rises on U.S. vaccine rollout, Middle East tension | ReutersOil prices rose on Monday on optimism over the pace of coronavirus vaccinations in the United States and after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites.Still, crude prices have remained rangebound in the past three weeks, as growing expectations of surging U.S. economic activity are balanced by the slow rate of vaccination in Europe and anticipation of additional supply from Iran in coming months.Bre...
Tags: Travel, Europe, France, Germany, Iran, United States, United Kingdom, Middle East, Yemen, Houthi, Reuters, Rupert Neil Bumfrey, Rystad Energy, Louise Dickson


Most major Gulf markets fall; #AbuDhabi gains | Reuters

Most major Gulf markets fall; Abu Dhabi gains | ReutersMost major stock markets in the Gulf ended lower on Monday, with the Saudi index pressured by its financial shares, while Abu Dhabi bucked the trend.Saudi Arabia’s benchmark index slipped 0.3%, hit by a 1.5% fall in Al Rajhi Bank and a 2.2% decrease in Saudi National Bank, the kingdom’s largest lender.Yemen’s Iran-aligned Houthi movement said on Monday it had fired 17 drones and two ballistic missiles at targets in Saudi Arabia, including Sa...
Tags: Travel, Saudi Arabia, Qatar, Iran, Dubai, Abu Dhabi, Yemen, Jeddah, Gulf, Reuters, Emaar Properties, Commercial Bank, QNB, Emaar, Rupert Neil Bumfrey, Industries Qatar


Oil prices rise on stronger economic outlook, U.S. stockpile draw | Reuters

Oil prices rise on stronger economic outlook, U.S. stockpile draw | ReutersOil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel consumer, fell.But optimism about talks between the United States and Iran over Iran’s nuclear programme and an impending increase in supply by major oil producers capped gains.Brent crude futures for June rose by 1...
Tags: Travel, China, Iran, United States, ANZ, Reuters, Rupert Neil Bumfrey


Oil Drops With Virus Risks in Europe Dimming the Demand Outlook - Bloomberg

Oil Drops With Virus Risks in Europe Dimming the Demand Outlook - Bloomberg West Texas Intermediate crude for May delivery fell $3.54 to $57.91 a barrel at 12:52 p.m. in New York Brent for June settlement lost $3.32 to $61.54 a barrel Oil accelerated its decline after Britain warned it may continue limiting foreign travel, dampening hopes for a summer travel boom.Futures in New York fell as much as 5.9% on Monday, sending prices markedly below their 50-day moving average. The U.K. may delay ...
Tags: Travel, New York, Iran, Vienna, Britain, Rupert Neil Bumfrey, John Kilduff, Again Capital LLC, Europe Dimming the Demand Outlook Bloomberg


Oil slips to $64 as rising OPEC+, Iranian output weighs | Reuters

Oil slips to $64 as rising OPEC+, Iranian output weighs | ReutersOil slipped to around $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and hopes for a wider demand recovery in 2021.The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. Iran is also boosting supply. [OPEC/O]Brent crude for June fell 96 cents, or ...
Tags: Travel, China, Opec, Iran, United States, Reuters, Petroleum Exporting Countries, Rupert Neil Bumfrey, U S West Texas Intermediate, OANDA, Jeffrey Halley, ReutersOil


OPEC oil output rises in March, led by #Iran - Reuters survey

OPEC oil output rises in March, led by Iran - Reuters surveyOPEC oil output has risen in March as higher supply from Iran countered reductions by other members under a pact with allies, a Reuters survey found, a headwind for its supply-limiting efforts if Tehran’s boost is sustained.The 13-member Organization of the Petroleum Exporting Countries pumped 25.07 million barrels per day (bpd) in March, the survey found, up 180,000 bpd from February. Output has risen every month since June 2020 with t...
Tags: Travel, Opec, Iran, Tehran, Reuters, Organization of the Petroleum Exporting Countries, Rupert Neil Bumfrey, Iran Reuters


China Signs 25-Year Deal With #Iran in Challenge to the U.S. - Bloomberg

China Signs 25-Year Deal With Iran in Challenge to the U.S. - BloombergChina and Iran signed an overarching deal aimed at charting the course of their economic, political and trade relations over the next 25 years.Beijing plans to invest in Iran while buying oil from the Islamic Republic, further straining its relationship with the U.S. which has already been frayed by China’s imports of covertly-shipped Iranian crude.The “Comprehensive Strategic Partnership” agreement, signed in Tehran on Satur...
Tags: Travel, China, Bloomberg, Joe Biden, Iran, Beijing, Xi Jinping, Tehran, Wang Yi, State, Islamic Republic, Antony Blinken, Mohammad Javad Zarif, Rupert Neil Bumfrey, U S BloombergChina


Aramco's $75B Dividend Survives Oil Rout - Bloomberg video

Aramco's $75B Dividend Survives Oil Rout - Bloomberg Atlantic Council Global Energy Center Senior Fellow Ellen Wald speaks with Bloomberg's Guy Johnson and Kailey Leinz about Saudi Aramco's $75 Billion dividend and how Secretary of State Anthony Blinken's condemnation of the attacks on Saudi territory might effect negotians with Iran on "Bloomberg: Markets". (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Iran, Aramco, Saudi Aramco, Anthony Blinken, Guy Johnson, Rupert Neil Bumfrey, Ellen Wald, Bloomberg Atlantic Council Global Energy Center, Kailey Leinz


Oil Edges Lower at the Open After Ending Ugly Week With a Bounce - Bloomberg

Oil Edges Lower at the Open After Ending Ugly Week With a Bounce - BloombergBrent oil edged lower as trading started in Asia, struggling to hold on to a bounce at the end of the worst week since October.Futures in London slipped 0.5% on Monday after jumping 2% on Friday. Despite the gain in the previous session, crude still capped a significant weekly loss amid a combination of factors including a softening physical oil market, U.S. dollar strength and the unwinding of long positions. Concerns a...
Tags: Travel, Asia, Europe, London, Saudi Arabia, Singapore, Bloomberg, Iran, Aramco, New York Mercantile Exchange, Rupert Neil Bumfrey


Mideast Stocks: Mideast Equities Drop Tracking Slump in Oil Prices - Bloomberg

Mideast Stocks: Mideast Equities Drop Tracking Slump in Oil Prices - BloombergMost Middle East stock markets retreated Sunday as oil’s worst week since October ruffled sentiment among traders.Gauges in Qatar, Dubai, Abu Dhabi, Oman, Egypt and Israel dropped. The benchmark in Kuwait finished little changed, while Saudi Arabia’s main index edged higher.Brent crude lost 6.8% last week, amid inflation concerns and worries over the trajectory of near-term demand. Still, Wall Street banks said the sel...
Tags: Travel, Saudi Arabia, Israel, Qatar, Iran, Middle East, Dubai, Libya, Abu Dhabi, Kuwait, Uae, Gulf, Fed, Riyadh, Aramco, Middle East North Africa


New Alliances Link Gulf Arab States to the Eastern Mediterranean - Bloomberg

New Alliances Link Gulf Arab States to the Eastern Mediterranean - BloombergNew economic and security alliances are emerging in the Middle East and Eastern Mediterranean, tying Arab states to Greece, Cyprus and Israel, with potentially transformative effects on both regions. The relationships are based on rapidly converging interests — among them, tensions between these countries and regional powers Iran and Turkey — and undergirded by energy and security partnerships.The new alliances represent...
Tags: Travel, Greece, France, Saudi Arabia, Iraq, Israel, Turkey, Iran, Italy, Middle East, United Arab Emirates, Athens, Libya, Bahrain, Uae, Mediterranean


Baghdad Denies Trader’s Claim That U.S.-Seized Oil Is From Iraq - Bloomberg

Baghdad Denies Trader’s Claim That U.S.-Seized Oil Is From Iraq - BloombergAn oil trader’s claim that a cargo of crude seized by the U.S. came from Iraq rather than Iran, as Washington asserts, is wrong, according to Baghdad.SOMO, Baghdad’s state oil-marketing company, “categorically denies” that the 2 million barrels of crude -- worth roughly $130 million at today’s prices -- are “of Iraqi origin,” it said in a statement on its website.Fujairah International Oil & Gas Corp. laid claim to the ca...
Tags: Travel, Washington, Iraq, Iran, Uae, Baghdad, SOMO, Rupert Neil Bumfrey, Iraq Bloomberg, Baghdad SOMO Baghdad, Fujairah International Oil Gas Corp


#UAE Sheikh Lays Claim to Oil Cargo U.S. Says Is From Iran - Bloomberg

UAE Sheikh Lays Claim to Oil Cargo U.S. Says Is From Iran - BloombergThe U.S. attempt to prevent Iran exporting oil suffered a blow after a United Arab Emirates sheikh laid claim to a cargo that Washington seized and alleged is from the Islamic Republic.A company controlled by the Emirate of Fujairah’s ruler told a U.S. court that the roughly 2 million barrels of crude was originally from Iraq.Fujairah International Oil & Gas Corp., wholly owned by Sheikh Hamad bin Mohammed Al Sharqi, said it’s ...
Tags: Travel, Washington, China, Iran, United Arab Emirates, District Of Columbia, Islamic Republic, Hamad bin Mohammed Al Sharqi, Rupert Neil Bumfrey, Iran Bloomberg, Emirate of Fujairah, Iraq Fujairah International Oil Gas Corp


#UAE Oil Resale Exception: OPEC Has Been Holed Below the Waterline - Bloomberg

UAE Oil Resale Exception: OPEC Has Been Holed Below the Waterline - BloombergIt doesn’t seem much, but the most damaging leaks often don’t. The Organization of Petroleum Exporting Countries has suffered a small crack that could grow to into a rift big enough to sink it.No, I’m not talking about the bust-up between Saudi Arabia and arch-rival Iran, nor wrangling over Iraq’s repeated failure to abide by its output target under the current production deal. Rather, I’m referring to a decision by the...
Tags: Travel, Saudi Arabia, Iraq, Opec, Iran, United Arab Emirates, Uae, Persian Gulf, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey, Waterline Bloomberg, Philip K Verleger, Saudi Arabia Iraq Iran Kuwait


MIDEAST STOCKS-Most Gulf markets rise in early trade; Qatari stocks ease | Nasdaq

MIDEAST STOCKS-Most Gulf markets rise in early trade; Qatari stocks ease | NasdaqMost major markets in the Gulf traded higher early on Thursday, with Sipchem supporting the Saudi index, while Qatar bucked the trend to open lower to snap a three-session winning streak.Crude oil prices rose after vaccine rollouts bolstered the economic outlook and U.S. fuel stocks fell sharply.Saudi Arabia's benchmark index rose 0.3%, with Al Rajhi Bank gaining 0.7%, while Sahara International Petrochemical Compan...
Tags: Travel, Saudi Arabia, Qatar, Iran, Dubai, Abu Dhabi, Yemen, Gulf, Dana Gas, Qatar Islamic Bank, Rupert Neil Bumfrey, Public Investment Fund, Sipchem, Al Rajhi Bank, First Abu Dhabi Bank, Sahara International Petrochemical Company Sipchem


#Qatar Ships First Oil Cargo to #UAE Since Gulf Embargo Ended - Bloomberg

Qatar Ships First Oil Cargo to UAE Since Gulf Embargo Ended - BloombergQatar exported what appeared to be its first oil cargo to a Persian Gulf neighbor since the United Arab Emirates and three other countries agreed to restore ties with Doha in January.Qatar loaded about 700,000 barrels of oil onto the tanker Abu Dhabi-III on March 4 and the vessel delivered the fuel to Dubai’s Jebel Ali port 3 days later, Bloomberg tanker tracking data show. The exports may be a sign that business is getting b...
Tags: Travel, Qatar, Bloomberg, Iran, Egypt, Middle East, United Arab Emirates, Dubai, Doha, Uae, Jebel Ali, Rupert Neil Bumfrey, Abu Dhabi National Oil Co, UAE Saudi Arabia Bahrain, Emirates National Oil Co, Qatar Ships First Oil Cargo


#SaudiArabia Vows Steps to Ensure Oil Supply, Deter Attacks - Bloomberg

Saudi Arabia Vows Steps to Ensure Oil Supply, Deter Attacks - BloombergSaudi Arabia will take measures to ensure global energy security and deter attacks on its oil infrastructure, Foreign Minister Prince Faisal bin Farhan said in Riyadh on Wednesday, days after a missile and drone assault on Saudi Aramco facilities.The attack on Sunday targeted a key crude installation of the state oil company and was claimed by Iran-backed fighters in neighboring Yemen who are battling a Saudi-led coalition. I...
Tags: Travel, Saudi Arabia, Bloomberg, Joe Biden, Iran, Tehran, Yemen, Riyadh, Sergei Lavrov, Rupert Neil Bumfrey, Prince Faisal, Prince Faisal bin Farhan, Ras Tanura


An airline in Afghanistan says it just flew the country's first flight with an all-female crew - here's what it was like onboard

Afghanistan's first all-female flight on Kam Air. Josh Cahill Afghanistan's Kam Air says it performed the first all-female crewed flight in the country's history. The Boeing 737-500 flew from Kabul to Herat with two female pilots and four female cabin crew. YouTuber Josh Cahill was onboard to capture the flight as part of an International Women's Day documentary.  Visit the Business section of Insider for more stories. A routine 90-minute flight in Afghanistan just made history.The cou...
Tags: Travel, Transportation, News, Air Travel, Planes, US, America, Trends, European Union, Iran, Afghanistan, Flying, Taliban, Middle East, Kabul, Aviation


Iran to Attend OPEC+ Committee Meeting Next Month, Delegate Says - Bloomberg

Iran to Attend OPEC+ Committee Meeting Next Month, Delegate Says - Bloomberg Iran is set to attend the meeting of an OPEC+ advisory committee next month, according to a delegate who declined to be identified.While Iran -- exempted from OPEC’s production cuts because it’s output has been hit by U.S. sanctions -- isn’t a member of the Joint Ministerial Monitoring Committee (JMMC), it will be represented at the panel’s March 3 gathering, the delegate said. The Organization of Petroleum Exporting Co...
Tags: Travel, Russia, Opec, Iran, Libya, Venezuela, Islamic Republic, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey, JMMC, Joint Ministerial Monitoring Committee JMMC



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