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U.S.- #Saudi Diplomacy Paved Way for OPEC+’s Surprise Output Hike - Bloomberg

U.S.-Saudi Diplomacy Paved Way for OPEC+’s Surprise Output Hike - Bloomberg The U.S. and Saudi Arabia have reached a detente after weeks of hostility about high oil prices, with the OPEC+ cartel announcing a production hike even as the new Covid variant threatens demand.The group led by Saudi Arabia and Russia surprised markets by agreeing to add 400,000 barrels a day of oil from January, even as the virus undermines prices for oil-producing nations. It left the door open to changing its mind,...
Tags: Travel, Saudi Arabia, Russia, Opec, Bloomberg, Joe Biden, Gulf, Rupert Neil Bumfrey, Hochstein, Amos Hochstein, Daleep Singh, U S Saudi Diplomacy Paved Way


Saudis and #UAE Are Caught in the Middle of the U.S.-China Cold War - Bloomberg ht @Ibishblog

Saudis and UAE Are Caught in the Middle of the U.S.-China Cold War - BloombergPreventing a potential U.S.-China Cold War has emerged as a top foreign policy priority for Gulf Arab countries, especially Washington's key partners: Saudi Arabia and the United Arab Emirates. But, as illustrated by the recent controversy over a secret Chinese port being built in the UAE, balancing relations between the established superpower and the rising one is getting harder for smaller states.Construction of the ...
Tags: Travel, Asia, Europe, Washington, Saudi Arabia, China, Barack Obama, Joe Biden, Iran, Abu Dhabi, Donald Trump, Muslim Brotherhood, Uae, Gulf, Rupert Neil Bumfrey, Middle East That


OPEC+ not in talks on pausing oil output rises -sources | Reuters

OPEC+ not in talks on pausing oil output rises -sources | Reuters OPEC+ is not currently discussing pausing oil output increases despite the United States and others releasing stocks, three OPEC+ sources told Reuters.The United States and several other nations agreed to release stocks after failing to convince OPEC to pump more oil as U.S gasoline prices soared adding to pressures on President Joe Biden amid high inflation and low approval ratings. read moreOPEC has argued the world will soon ...
Tags: Travel, Russia, Opec, Joe Biden, United States, Reuters, Petroleum Exporting Countries, Reuters OPEC, Rupert Neil Bumfrey


Flush With Cash, #Saudi Prince Snubs Biden and Sends a Message - Bloomberg

Flush With Cash, Saudi Prince Snubs Biden and Sends a Message - Bloomberg President Joe Biden sounded deeply frustrated. Inflation was heading toward a 30-year high and Americans, rich and poor, could see the price of gasoline going up almost daily. Politically, oil was toxic for the White House."The idea that Russia and Saudi Arabia and other major producers are not going to pump more oil so people can have gasoline to get to and from work, for example, is not right," Biden said in late O...
Tags: Travel, Washington, Saudi Arabia, White House, Russia, Joe Biden, Biden, Mohammed bin Salman, Rupert Neil Bumfrey, Prince Mohammed, Snubs Biden, Message Bloomberg


Oil slips on U.S. plans to tap emergency crude reserves | Reuters

Oil slips on U.S. plans to tap emergency crude reserves | ReutersOil prices dropped by more than 1% on Tuesday ahead of the expected release of U.S. crude reserves to cool the market while resurgent COVID-19 cases in Europe also weighed on demand.The United States' planned release of emergency oil reserves is part of a plan that President Joe Biden's administration has hashed out with China, India and Japan to lower energy prices. read moreBrent crude futures fell 69 cents, or 0.87%, to $79.01 a...
Tags: Travel, Europe, Japan, Joe Biden, United States, Biden, ANZ, Reuters, China India, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


OPEC+ Considers Production Changes If Strategic Reserves Are Tapped - Bloomberg

OPEC+ Considers Production Changes If Strategic Reserves Are Tapped - Bloomberg OPEC+ officials warned they’re likely to respond to plans by the world’s largest oil consumers to release oil from their strategic stockpiles, setting up a fight for control of the global energy market.President Joe Biden is set to announce a plan to release reserves from the Strategic Petroleum Reserve on Tuesday in tandem with China, India, Japan and South Korea, according to officials briefed on the matter. ...
Tags: Travel, South Korea, Washington, Saudi Arabia, Russia, Opec, Bloomberg, Joe Biden, Middle East, Riyadh, Strategic Petroleum Reserve, Rupert Neil Bumfrey, China India Japan, Bloomberg OPEC


Oil Steadies as Traders Assess Prospect of Stockpile Release - Bloomberg

Oil Steadies as Traders Assess Prospect of Stockpile Release - Bloomberg PRICES West Texas Intermediate for January delivery added 0.5% to $76.33 a barrel on the New York Mercantile Exchange at 9:22 a.m. London time after tumbling 3.7% on Friday.Futures lost 5.8% last week.Brent for January settlement rose 0.5% to $79.28 on the ICE Futures Europe exchange after declining 2.9% on Friday. Oil steadied after four weeks of losses as traders weighed the chance that the U.S., China and J...
Tags: Travel, Europe, Japan, New York, London, China, Germany, Bloomberg, Joe Biden, Austria, Tokyo, Strategic Petroleum Reserve, Asahi, New York Mercantile Exchange, Rupert Neil Bumfrey


Oil drops as U.S. gasoline stock draw boosts prospects of SPR release | Reuters

Oil drops as U.S. gasoline stock draw boosts prospects of SPR release | Reuters Oil fell on Wednesday after an industry report showed U.S. gasoline stocks dropped more than expected last week, potentially heightening pressure on the Biden administration to release oil from emergency reserves to cap soaring fuel prices.U.S. West Texas Intermediate (WTI) crude futures fell 57 cents, or 0.7%, to $80.19 a barrel at 0750 GMT, extending a 12 cent loss from Tuesday.Brent crude futures dropped 50 cent...
Tags: Travel, California, Joe Biden, United States, Biden, Reuters, Reuters Oil, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Strategic Petroleum Reserve SPR


Oil settles mixed on questions over crude supply, demand, strong dollar | Reuters

Oil settles mixed on questions over crude supply, demand, strong dollar | Reuters Oil prices settled mixed on Monday as investors wondered whether crude supplies will increase and whether demand will be pressured by the recent surge in energy costs, the strong dollar and rising COVID-19 cases.Brent futures settled down 12 cents, or 0.2%, to $82.05 a barrel while U.S. West Texas Intermediate (WTI) crude rose 8 cents, or 0.1%, to $80.88.In early trading, the oil market factored in speculation th...
Tags: Travel, New York, Joe Biden, Reuters, Reuters Oil, Rupert Neil Bumfrey, Kilduff, John Kilduff, Again Capital LLC, COVID, U S Strategic Petroleum Reserve


Oil prices slide on expectations of higher crude supply | Reuters

Oil prices slide on expectations of higher crude supply | Reuters Crude oil prices fell on Monday on expectations of increasing supply, while the recent surge in energy costs and rising COVID-19 cases are expected to weigh on demand.Brent crude futures fell 87 cents , or 1.1%, to $81.30 a barrel, as of 11 a.m. EDT (1500 GMT). U.S. West Texas Intermediate (WTI) crude lost 80 cents, or 1.0%, to $79.99 a barrel.Oil markets have ended each of the last three weeks lower than the previous one. Howev...
Tags: Travel, Joe Biden, Reuters, Reuters Crude, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, U S Strategic Petroleum Reserve, However Brent


#Dubai hits near 4-year high after Emaar's strong earnings | Reuters

Dubai hits near 4-year high after Emaar's strong earnings | Reuters Dubai's stock market outperformed its Gulf peers on Monday, hitting its highest level in nearly four years, after robust earnings from blue-chip developer Emaar Properties.Meanwhile, the Saudi index was in the red due to lower oil prices.Dubai's main share index (.DFMGI) climbed 2.7%, closing at its highest since February 2018, lifted by a 4.1% jump in Emaar Properties (EMAR.DU) after it reported a sharp rise in quarterly ...
Tags: Travel, Saudi Arabia, Joe Biden, Dubai, Gulf, Reuters, Salik, Emaar, Tasi, Dubai Financial Market DFM, Rupert Neil Bumfrey, Industries Qatar, QSI, Reuters Dubai, Al Rajhi Bank, Gulf Egypt


#Saudi, #UAE Signal OPEC+ Will Resist U.S. Calls to Pump More Oil - Bloomberg

Saudi, UAE Signal OPEC+ Will Resist U.S. Calls to Pump More Oil - Bloomberg Saudi Arabia and the United Arab Emirates signaled OPEC+ will continue raising oil output cautiously and won’t bow to U.S. pressure to pump faster.President Joe Biden, concerned that gasoline prices at a seven-year high are stoking inflation in America, has called on the 23-nation alliance to turn on the taps and bring down crude prices.OPEC+, led by Saudi Arabia and Russia, is currently increasing daily output by 400,...
Tags: Travel, Saudi Arabia, Russia, India, America, Opec, Joe Biden, United Arab Emirates, Abu Dhabi, Rupert Neil Bumfrey, Mazrouei, UAE Signal OPEC, Pump More Oil Bloomberg Saudi Arabia


#Dubai outperforms most Gulf bourses; #Saudi falls | Reuters

Dubai outperforms most Gulf bourses; Saudi falls | Reuters Dubai stocks rose sharply in early trade on Monday to their highest since March 2018, supported by upbeat corporate earnings, while the Saudi index eased amid falling oil prices.Crude oil prices fell under pressure from expectations of increasing supplies and a lower demand forecast amid higher energy costs.Oil markets have dropped for the last three weeks, hit by a strengthening dollar and speculation that President Joe Biden's admini...
Tags: Travel, Joe Biden, Dubai, Abu Dhabi, ESG, Gulf, Reuters, Adi, Dubai International Airport, Salik, Tasi, Dubai Financial Market DFM, Rupert Neil Bumfrey, Dubai Airports, Reuters Dubai, Qatar Stock Exchange


Oil prices slide on expectations of higher supply, weaker demand | Reuters

Oil prices slide on expectations of higher supply, weaker demand | Reuters Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand.Brent crude futures fell 63 cents, or 0.8%, to $81.54 a barrel, as of 0731 GMT. U.S. West Texas Intermediate (WTI) crude lost 55 cents, or 0.7%, to $80.24 a barrel.Oil markets have dropped for the last three weeks, hit by a strengthening dollar and speculation that Pr...
Tags: Travel, White House, Joe Biden, ANZ, Reuters, Reuters Crude, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, U S Strategic Petroleum Reserve


Democrats are asking Biden to mandate that airlines require passengers to be fully vaxxed for COVID-19 before flying

Travellers at Chicago's O'Hare International Airport. Nam Y. Huh/AP Photo Democrats are urging President Joe Biden to mandate that domestic air travelers be fully vaccinated. More than 30 Democratic lawmakers signed onto the letter, sent earlier this week to Biden. The letter comes as millions plan to travel for the upcoming Thanksgiving holiday. Democratic lawmakers are urging President Joe Biden to require that all airline passengers either show proof of full vaccination agains...
Tags: Travel, Transportation, Politics, News, Airports, White House, US, Trends, Joe Biden, Chicago, Democrats, United States, Airlines, Biden, Anthony Fauci, Centers For Disease Control And Prevention


Amtrak is getting part of $66 billion for rail from the infrastructure bill, but the agency is already debuting new trains that will take travelers across the US - see inside

An Amtrak GE Genesis P42 locomotive. Thomas Pallini/Insider Amtrak is a big winner in the $1.2 trillion infrastructure bill with $66 billion going towards rail. More cities across the US may receive rail service while existing lines, stations, and services will see upgrades and improvements. Amtrak in June debuted the new interiors of its long-distance trains that will traverse the country. Amtrak is on the verge of a new era as it will soon find itself flush with capital following th...
Tags: Travel, Transportation, Europe, News, Trains, Planes, New York City, US, Trends, Joe Biden, Features, Chicago, David, Infrastructure, Rail Travel, Biden


Amtrak is getting a piece of $66 billion for rail from the infrastructure bill, but Amtrak is already debuting new trains that will take travelers across the US - see inside

An Amtrak GE Genesis P42 locomotive. Thomas Pallini/Insider Amtrak is a big winner in the $1.2 trillion infrastructure bill with $66 billion going towards rail. More cities across the US may receive rail service while existing lines, stations, and services will see upgrades and improvements. Amtrak in June debuted the new interiors of its long-distance trains that will traverse the country. Amtrak is on the verge of a new era as it will soon find itself flush with capital following th...
Tags: Travel, Transportation, Europe, News, Trains, Planes, New York City, US, Trends, Joe Biden, Features, Chicago, David, Infrastructure, Rail Travel, Biden


Oil prices post third weekly drop after volatile week | Reuters

Oil prices post third weekly drop after volatile week | Reuters Oil prices fell on Friday, wiping out gains from the previous session, on worries that the U.S. Federal Reserve will accelerate plans to boost interest rates to tame inflation.Brent crude futures fell 70 cents, or 0.8%, to settle at $82.17 a barrel. U.S. West Texas Intermediate (WTI) crude fell 80 cents, or 1%, to settle at $80.79 a barrel.Both benchmarks fell for a third consecutive week, hit by a strengthening dollar and specula...
Tags: Travel, Joe Biden, Brent, Wti, Reuters, Reuters Oil, U S Federal Reserve, Rupert Neil Bumfrey, Louise Dickson, U S Strategic Petroleum Reserve, Rystad Energy Higher


Oil prices plunge into close, roiled by inflation fears | Reuters

Oil prices plunge into close, roiled by inflation fears | Reuters Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration was looking for ways to reduce energy costs amid a broader surge in inflation.Brent and U.S. crude futures dropped sharply at the end of the session as traders sold out of riskier assets, including stocks and commodities, driven by expectations that central bankers will take steps to curb rising prices.Consumer inf...
Tags: Travel, White House, Joe Biden, Fed, Reuters, Reuters Oil, U S Federal Reserve, Rupert Neil Bumfrey, Phil Flynn, Price Futures Group There 's


Oil rises on higher demand forecasts, tight supplies | Reuters

Oil rises on higher demand forecasts, tight supplies | Reuters Oil prices rose to a two-week high on Tuesday after the United States lifted travel restrictions and other signs of a global post-pandemic recovery boosted the demand outlook, while supply remained tight.Prices rallied after the U.S. Energy Information Administration (EIA) in its Short Term Energy Outlook (STEO) on Tuesday projected retail gasoline prices would decline over the next several months.U.S. President Joe Biden's adminis...
Tags: Travel, Joe Biden, United States, Biden, Reuters, Reuters Oil, Rupert Neil Bumfrey, U S Energy Information Administration EIA, Strategic Petroleum Reserve SPR, STEO


Oil edges up on rising demand forecasts, ahead of U.S. price outlook | Reuters

Oil edges up on rising demand forecasts, ahead of U.S. price outlook | Reuters Oil prices edged up on Tuesday as the U.S. lifting of travel restrictions and more signs of a global post-pandemic recovery boosted the demand outlook, while supply remained tight.The rally came ahead of the U.S. Energy Information Administration's (EIA) release of oil and gasoline price predictions in its Short Term Energy Outlook (STEO), which U.S. President Joe Biden's administration has said it would use to dete...
Tags: Travel, Joe Biden, EIA, Reuters, Reuters Oil, U S Energy Information Administration, Rupert Neil Bumfrey, Strategic Petroleum Reserve SPR


Oil approaches $84 as lifting of U.S. travel ban boosts demand | Reuters

Oil approaches $84 as lifting of U.S. travel ban boosts demand | Reuters Oil rose towards $84 a barrel on Tuesday, gaining for a third session, as the U.S. lifting of travel restrictions and more signs of a global post-pandemic recovery lifted the demand outlook, while supply remained tight.On Monday, travellers took off for the United States again, while the passing of U.S. President Joe Biden's infrastructure bill and better-than-expected Chinese exports helped paint a picture of a recoverin...
Tags: Travel, Joe Biden, United States, Reuters, Reuters Oil, Rupert Neil Bumfrey, Tamas Varga


Oil lifted by U.S. spending and plans to address prices | Reuters

Oil lifted by U.S. spending and plans to address prices | Reuters Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand and the United States said it was weighing options to address high prices.Brent crude was up 65 cents, or 0.79%, at $83.39 a barrel by 1443 GMT, having lost nearly 2% last week. U.S. oil gained 56 cents, or 0.69%, to $81.83 after a 3% fall last week. Both contracts rose by more than $1 a barrel in early trade.U.S. Presi...
Tags: Travel, Russia, Opec, Joe Biden, United States, Reuters, Reuters Oil, Rupert Neil Bumfrey


Oil gains after U.S. infrastructure bill passes, Chinese exports rise | Reuters

Oil gains after U.S. infrastructure bill passes, Chinese exports rise | Reuters Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia's state-owned producer Aramco raised the official selling price for its crude.Brent crude was up by 86 cents or 1% at $83.60 a barrel by 0745 GMT, after dropping nearly 2% last week. U.S. oil gained 89 cents or 1.1% to $82.16, having declined almost 3% through Friday.U.S. President Joe ...
Tags: Travel, Saudi Arabia, Joe Biden, Reuters, Aramco, Reuters Oil, Rupert Neil Bumfrey


Hawaii Supreme Court strikes down 'gut and replace' practice, U.S. Senate Judiciary Committee approves Connor as U.S. Attorney, $800M could come to Thirty Meter Telescope following new report, more news from all the Hawaiian Islands

Hawaii Supreme Court ©2021 All Hawaii NewsHawaii Supreme Court strikes down ‘gut and replace’ legislative lawmaking practice. The state Supreme Court on Thursday dealt a blow to the legislative lawmaking practice known as “gut and replace,” ruling that the Legislature is required to hold three separate hearings in both the House and the Senate after a bill no longer resembles its original intent. Star-Advertiser. Civil Beat. Associated Press.Senate Judiciary approves Clare Connors as U.S...
Tags: Travel, Supreme Court, Congress, California, Senate, Los Angeles, Joe Biden, Chile, Hawaii, House, Connor, Department Of Transportation, Royal Princess, Hawaii Island, Kauai, Maui


Oil gains as supply concerns loom after OPEC+ output plan | Reuters

Oil gains as supply concerns loom after OPEC+ output plan | Reuters Crude prices settled higher on Friday fuelled by renewed supply concerns after OPEC+ producers rebuffed a U.S. call to accelerate output increases even as demand nears pre-pandemic levels.Brent crude rose $2.20 to settle at $82.74 per barrel, while U.S. West Texas Intermediate crude (WTI) gained $2.46 to $81.27.The Organization of the Petroleum Exporting Countries and allies including Russia, collectively known as OPEC+, agree...
Tags: Travel, Russia, Opec, Joe Biden, Wti, Biden, Reuters, Reuters Crude, Mizuho, Petroleum Exporting Countries, Rupert Neil Bumfrey, Bob Yawger


What Citigroup, Goldman Sachs, UBS Say About Oil After OPEC+ Move - Bloomberg video

What Citigroup, Goldman Sachs, UBS Say About Oil After OPEC+ Move - Bloomberg OPEC+ stuck to its guns and maintained its modest output boost for December as the alliance shunned calls from key consumers to pump more. President Joe Biden has been a vocal advocate of a larger supply increase and the decision from the group prompted the U.S. to say it would consider a wide range of tools to deal with prices. Brent rose Friday after sinking this week.Here’s what some analysts had to say about th...
Tags: Travel, Opec, Bloomberg, Joe Biden, Brent, Citigroup Inc, U S, Ed Morse, Rupert Neil Bumfrey, Bloomberg OPEC, Citigroup Goldman Sachs UBS Say About Oil, CitigroupOPEC


Oil rises after OPEC+ rebuffs U.S. call to boost output | Reuters

Oil rises after OPEC+ rebuffs U.S. call to boost output | Reuters Oil prices rose above $81 a barrel on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts made in the face of the coronavirus crisis.Brent crude rose 52 cents, or 0.65%, to $81.06 a barrel by 1200 GMT. U.S. West Texas Intermediate crude gained 64 cents, or 0.81%, to $79.45 after rising as high as $80.17.The OPEC+ group of major produc...
Tags: Travel, Saudi Arabia, Russia, Opec, Joe Biden, Reuters, Reuters Oil, Rupert Neil Bumfrey


FAA sent 37 of the 'most egregious' unruly passenger cases to the FBI for criminal review

Photo by Bob Riha/WireImage The FAA has sent 37 cases of unruly airline passenger behavior to the Justice Department for criminal prosecution. The agencies said cases where "evidence supports criminal review" are referred to the Federal Bureau of Investigation. The FAA has received over 5,000 unruly passenger reports since the beginning of the year. The Federal Aviation Administration has sent 37 of the "most egregious" unruly passenger cases to the Federal Bureau of Investigation for cri...
Tags: Travel, Transportation, News, Airports, New York City, Trends, Joe Biden, Cnn, Fbi, Flight, Department Of Justice, Faa, Criminal Justice, Passengers, Justice Department, Federal Bureau of Investigation


For All the Climate Politics Talk, Oil Is Back - Bloomberg

For All the Climate Politics Talk, Oil Is Back - Bloomberg The old geopolitics of energy (fossil fuels, that is) is back with a vengeance.In recent days, U.S. President Joe Biden has been pushing Saudi Arabia, Russia and the United Arab Emirates to boost oil production in an effort to lower American gasoline prices and with them inflation. It’s a reminder that despite all the talk of combating climate change, the global economy still runs, largely, on oil, natural gas and coal.The “refusal of ...
Tags: Travel, Japan, Russia, India, Opec, Joe Biden, United Nations, United Arab Emirates, Glasgow, Biden, France Italy, Rupert Neil Bumfrey, Saudi Arabia Russia



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