Travel


Posts filtered by tags: Reuters[x]


 

U.S. crude futures fall 2% at open - Reuters

U.S. crude futures fall 2% at open - Reuters:Benchmark U.S. crude fell 2% at open on Friday, coming off its biggest one-day gain in the previous session after President Donald Trump said he expected Saudi Arabia and Russia to announce a major oil production cut.U.S. West Texas Intermediate (WTI) crude CLc1 futures were down 1.8%, or 45 cents, at $24.87 at 2204 GMT, after having surged 24.7% on Thursday. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Russia, Donald Trump, Reuters, Rupert Neil Bumfrey


Oil soars after Trump says Saudis and Russians to cut output - Reuters

Oil soars after Trump says Saudis and Russians to cut output - Reuters:Crude prices soared on Thursday after U.S. President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.Trump said he had spoken to Saudi Crown Prince Mohammed bin Salman, and expects Saudi Arabia and Russia to cut oil output by as much as 10 million to 15 million barre...
Tags: Travel, Saudi Arabia, Russia, Donald Trump, Wall Street Journal, Trump, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey


Petrofac seeks redundancies, considers salary cuts - email - Reuters

Petrofac seeks redundancies, considers salary cuts - email - Reuters:Oilfield services provider Petrofac is launching a redundancy programme that it expects will end up reducing staff numbers by 20% as it seeks to cope with plunging oil prices, according to a source and an internal email seen by Reuters.The Britain-based company, which said redundancies would be voluntary but could become compulsory if not enough people took up the offer, said it might also consider reducing base salaries by at ...
Tags: Travel, Britain, Petrofac, Reuters, Rupert Neil Bumfrey, Ayman Asfari, Petrofac Group


Exclusive: Trump does not plan to ask U.S. oil producers for coordinated cuts - official - Reuters

Exclusive: Trump does not plan to ask U.S. oil producers for coordinated cuts - official - Reuters:The United States does not know formal details of Saudi Arabian and Russian plans to reduce oil supply yet and will not ask U.S. domestic oil producers to chip in with their own cuts, a senior administration official told Reuters on Thursday.Earlier, President Donald Trump said in a tweet that he expected Saudi Arabia and Russia to cut approximately 10 million barrels from daily production, a comme...
Tags: Travel, Saudi Arabia, Russia, United States, Donald Trump, Trump, Reuters, Saudi Arabian, Rupert Neil Bumfrey


Oil soars by most on record after Trump says Saudis and Russians to cut output - Reuters

Oil soars by most on record after Trump says Saudis and Russians to cut output - Reuters:Oil prices soared over 30% - on track for the most in a day on record - following reports U.S. President Donald Trump expects Russian President Putin and the Saudi Crown Prince to announce an oil production cut of 10 million to 15 million barrels.Brent futures rose $8.04, or 33%, to $32.78 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $6.62, or 33%, to $26.93.That puts Brent on track for its ...
Tags: Travel, Putin, Trump, Reuters, Rupert Neil Bumfrey, U S President Donald Trump


Amazon begins running temperature checks and will provide surgical masks at warehouses

Amazon has detailed someone  measures its taking to prevent any further spread of COVID-19 at its warehouse facilities in the U.S. and Europe, according to Reuters, including taking temperature checks and distributing facemasks to employees at Amazon warehouses and Whole Foods stores. The commerce giant has seen a dramatic increase in demand as countries and regions globally have ordered lock-down and varying degrees of self-isolation and quarantine measures, and has also seen confirmed cases...
Tags: Travel, Amazon, TC, Ecommerce, Europe, Publishing, Whole Foods, Companies, United States, Retailers, Staten Island, Warehouse, Whole Foods Market, Reuters, Meanwhile Amazon, U S Amazon


#UAE appoints Abdulhamid Saeed as new central bank governor - government office - Reuters

UAE appoints Abdulhamid Saeed as new central bank governor - government office - Reuters:The United Arab Emirates’ president appointed Abdulhamid Saeed as the new central bank governor, the government communication office said in a Twitter post on Thursday.Saeed is replacing Mubarak Rashid al-Mansouri who has been at the helm of the institution since 2014.The UAE’s monetary policy is closely linked to that of the U.S. Federal Reserve due to a long-standing dirham currency peg to the dollar. [...
Tags: Travel, United Arab Emirates, Uae, Reuters, U S Federal Reserve, Saeed, Rupert Neil Bumfrey, Abdulhamid Saeed, Mubarak Rashid Al Mansouri


Russia does not rule out returning to oil talks with #SaudiArabia - Reuters

Russia does not rule out returning to oil talks with Saudi Arabia - Reuters:Russian Energy Minister Alexander Novak said on Thursday that Moscow may return to oil talks with Saudi Arabia.Speaking to Echo Moskvy radio station he also said that Russia would continue discussions with the United States on oil markets. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Russia, United States, Moscow, Reuters, Alexander Novak, Saudi Arabia Speaking, Rupert Neil Bumfrey, Echo Moskvy


Benchmark Brent's record $10 discount gives oil market reality check - Reuters

Benchmark Brent's record $10 discount gives oil market reality check - Reuters:U.S. President Donald Trump’s confidence he can get a deal to limit a global oil glut has driven world crude futures higher.But he cannot talk up the underlying physical market that shows the full extent of the demand destruction following the coronavirus outbreak.The Brent crude oil benchmark, used to price more than half the world’s physical crude cargoes, has dropped to a record discount to Brent oil futures of abo...
Tags: Travel, Donald Trump, Reuters, Rupert Neil Bumfrey


Russia has no plans to increase oil output: Energy Minister - Reuters

Russia has no plans to increase oil output: Energy Minister - Reuters:Russia has no plans to crank up its oil output because the market is already oversupplied, even though a deal with OPEC to curb production has expired, Energy Minister Alexander Novak told Reuters on Thursday.Data from the ministry released on Thursday by Interfax also showed that Russian oil production was 11.29 million barrels per day (bpd) in March, unchanged from a month earlier.International crude prices have fallen about...
Tags: Travel, Energy, Saudi Arabia, Russia, Opec, Donald Trump, Reuters, Interfax, Alexander Novak, Rupert Neil Bumfrey, Energy Minister Reuters


Oil jumps as Trump talks up truce hopes for Saudi-Russia price war - Reuters

Oil jumps as Trump talks up truce hopes for Saudi-Russia price war - Reuters:Crude oil futures jumped 10% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war.Brent crude futures rose more than 11% in early trade. By 1132 GMT, Brent was up 10.75%, or $2.66, to $27.40, while U.S. West Texas Intermediate (WTI) crude futures rose 10.09% or $2.05, to $22.36.Trump said he had talked recently with the leaders of both Rus...
Tags: Travel, Saudi Arabia, White House, Russia, Brent, Donald Trump, Trump, Reuters, Saudi Russia, Rupert Neil Bumfrey, Saudi Arabia Russia


#AbuDhabi Commercial Bank in talks with NMC Health over $981 million debt exposure - Reuters

Abu Dhabi Commercial Bank in talks with NMC Health over $981 million debt exposure - Reuters:Abu Dhabi Commercial Bank (ADCB) (ADCB.AD) is in talks with troubled UAE hospital operator NMC Health (NMC.L) to tackle the company’s financial defaults, the bank said on Thursday.ADCB has an exposure of about $981 million (792.02 million pounds) to NMC, which represents less than 1% of the bank’s total assets, it said.“The bank has initiated discussions with the NMC Health Group and other substantial cr...
Tags: Travel, London, Uae, Reuters, NMC, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey, ADCB, NMC Health, Abu Dhabi Commercial Bank ADCB ADCB, AbuDhabi Commercial Bank, NMC Health NMC, NMC Health Group


Oil rallies as Trump talks up truce hopes for #Saudi-Russia price war - Reuters

Oil rallies as Trump talks up truce hopes for Saudi-Russia price war - Reuters:Crude oil futures jumped 10% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution to “challenging” oil markets.Brent crude futures rose 11.36%, or $2.81, to $27.55 as of 0701 GMT, while U.S. West Texas Intermediate (WTI) crude futures increased 10.0% or $2.03, at $22.34.Trump sai...
Tags: Travel, Vladimir Putin, Saudi Arabia, White House, Russia, Donald Trump, Trump, Reuters, Saudi Russia, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


Oil ends lower after U.S. crude stockpiles jump, gasoline demand sinks - Reuters

Oil ends lower after U.S. crude stockpiles jump, gasoline demand sinks - Reuters:Oil prices fell on Wednesday after U.S. crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever due to the coronavirus pandemic.Crude inventories USOILC=ECI rose by 13.8 million barrels last week, the U.S. Energy Information Administration said. That was the biggest one-week rise since 2016, and analysts expect similar data in coming weeks, as refineries c...
Tags: Travel, Reuters, U S Energy Information Administration, Rupert Neil Bumfrey


Gulf banks put brakes on lending as dollar liquidity crunch looms - Reuters

Gulf banks put brakes on lending as dollar liquidity crunch looms - Reuters:Gulf banks are limiting their lending to minimize potential losses from the coronavirus crisis and an expected squeeze in dollar liquidity in the oil reliant region, some bankers say.Like banks around the world, Gulf lenders face an expected drop in loan growth in crisis-affected industries such as retail, tourism and transport, but they must also navigate the impact of plunging crude prices on the region.Restricting len...
Tags: Travel, United Arab Emirates, Gulf, Reuters, Rupert Neil Bumfrey


#UAE's Fujairah oil storage tanks at full capacity- industry, trade sources | ZAWYA MENA Edition

UAE's Fujairah oil storage tanks at full capacity- industry, trade sources | ZAWYA MENA Edition:Storage tanks in the United Arab Emirates' Fujairah, a key bunkering and oil hub in the Middle East, have reached their full capacity for both crude and oil products, three industry and trading sources told Reuters on Wednesday.Located on the east coast of the UAE at the entrance to the Strait of Hormuz, Fujairah is one of two major ports in the region along with Oman’s Sohar and is a busy refueling p...
Tags: Travel, Middle East, Oman, Uae, Reuters, Strait, Sohar, Rupert Neil Bumfrey, United Arab Emirates Fujairah, Hormuz Fujairah


Oil falls towards $25 as oversupply fears mount with U.S. inventory rise - Reuters

Oil falls towards $25 as oversupply fears mount with U.S. inventory rise - Reuters:Oil slid towards $25 a barrel on Wednesday, within sight of its lowest in 18 years, as a report showing a big rise in U.S. inventories and a widening rift within OPEC heightened oversupply concerns.Pledges of higher output from Saudi Arabia and Russia after a supply pact collapsed and a slide in demand due to the coronavirus outbreak have hammered the market.Global benchmark Brent crude fell 66% in the first three...
Tags: Travel, Saudi Arabia, Russia, Opec, Reuters, Rupert Neil Bumfrey, Rystad Energy, Bjornar Tonhaugen


UPDATE 1- #SaudiArabia approves IPO stock listings of government assets planned for privatisation - Reuters

UPDATE 1-Saudi Arabia approves IPO stock listings of government assets planned for privatisation - Reuters:Saudi Arabia’s government approved in a virtual meeting on Tuesday listing government assets planned for privatisation in stock market TADAWUL after an initial public offering (IPO). “Assets, sectors and services planned for privatisation shall be listed in Saudi stock market through direct or indirect initial public offering,” said a statement on state news agency SPA.The privatisation dri...
Tags: Travel, Saudi Arabia, Ipo, Reuters, Riyadh, Tadawul, Mohammed bin Salman, Rupert Neil Bumfrey


#Kuwait props up coronavirus-hit economy amid low oil prices - Reuters

Kuwait props up coronavirus-hit economy amid low oil prices - Reuters:Kuwait announced measures early on Wednesday aimed at shoring up its economy against the coronavirus pandemic, including soft long-term loans from local banks, and the central bank asked banks to ease loan repayments for companies affected.Kuwait, which as of March 31 had registered 289 coronavirus cases, was the first Gulf state to halt passenger flights and impose a partial curfew to stem the spread of the highly infectious ...
Tags: Travel, Kuwait, Gulf, Reuters, Rupert Neil Bumfrey


Oil skids as oversupply fears pile up with U.S. inventories growth - Reuters

Oil skids as oversupply fears pile up with U.S. inventories growth - Reuters:Global crude oil prices slid further on Wednesday, following their biggest-ever quarterly and monthly losses, as a bigger-than-expected rise in U.S. inventories and a widening rift within OPEC heightened oversupply fears.Oil prices are near their lowest since 2002 amid the global coronavirus crisis that has brought a worldwide economic slowdown and slashed oil demand. Crude futures ended the quarter down nearly 70% afte...
Tags: Travel, Opec, Reuters, American Petroleum Institute, Rupert Neil Bumfrey


Portugal residency during COVID-19

In a public health crisis, migrants are among the most at risk. Since they don’t have full access to the healthcare system, they have a greater chance of not seeking medical help when needed and perhaps spreading that illness to others. To solve this problem, Portugal is temporarily granting migrants and asylum seekers with pending residency application permanent resident rights, thereby giving them full access to the country’s healthcare system until July 1, according to Reuters. The council...
Tags: Travel, Asylum, Portugal, Migrants, All, Reuters, Coronavirus, COVID-19, Portuguese Residency, Claudia Veloso, Ministry of Internal Affairs to Reuters


Oil ends March with biggest monthly and quarterly losses ever - Reuters

Oil ends March with biggest monthly and quarterly losses ever - Reuters:Crude oil benchmarks ended a volatile quarter with their biggest losses in history, as both U.S. and Brent futures were hammered throughout March on the global economic freeze due to the coronavirus pandemic and the eruption of a price war between Russia and Saudi Arabia.Both benchmarks lost roughly two-thirds of their value in the quarter, with March’s declines of about 55% accounting for the lion’s share of the losses.U.S....
Tags: Travel, Saudi Arabia, Russia, Reuters, Rupert Neil Bumfrey


Good news LGBTQ headlines

March wasn’t an easy month. If the coronavirus didn’t impact you directly, headlines concerning the pandemic surely stirred up anxiety related to the current moment’s uncertainty. On top of the health crisis, outlets and events for the queer community are being closed and canceled at an alarming rate, leaving LGBTQ folks with very little light at what’s looking to be a much longer tunnel than expected. But let’s not dwell on the bad stuff. In 2015, Harvard researcher Shawn Achor, psychologis...
Tags: Travel, Europe, New York, Arianna Huffington, France, New York City, Spain, Harvard, West, Canada, Stephen Sondheim, Wheeler, Broadway, Lgbtq, Shakespeare, Andrew Cuomo


U.S.- #Saudi oil alliance idea born at White House, put on back burner for now - Reuters

U.S.-Saudi oil alliance idea born at White House, put on back burner for now - Reuters:Top U.S. officials have for now put aside a proposal for an alliance with Saudi Arabia to manage the global oil market, according to three sources with knowledge of the matter, an idea one of them said came from White House national security advisers.That the concept was even considered at high levels reflects both the depth of the crisis facing the global oil industry as well as its growing importance to the ...
Tags: Travel, Washington, Saudi Arabia, White House, Russia, Reuters, Rupert Neil Bumfrey


OPEC rift widens as group fails to set date for emergency talks - Reuters

OPEC rift widens as group fails to set date for emergency talks - Reuters:A rift in the Organization of the Petroleum Exporting Countries (OPEC) has widened after members failed to agree unanimously on an emergency low-level meeting to discuss a market collapse that has seen global oil prices hit 18-year lows.OPEC president Algeria, which has been instrumental in organizing the producer group’s efforts to support the market, had been among the members pushing for a gathering of OPEC’s Economic C...
Tags: Travel, Saudi Arabia, Nigeria, Opec, Algeria, Kuwait, Reuters, United Arab Emirates Kuwait, Petroleum Exporting Countries OPEC, Rupert Neil Bumfrey, Economic Commission Board ECB


#Oman bonds weaken on Moody's review as other Gulf debt gains - Reuters

Oman bonds weaken on Moody's review as other Gulf debt gains - Reuters:Oman’s debt weakened on Tuesday after Moody’s placed its rating under review for a downgrade, while other Gulf bonds gained. The sultanate’s 30-year dollar bonds due in 2048 lost 1 cent to trade at around 65.3 cents on the dollar, Refinitiv data showed. Oman’s 10-year bonds maturing in 2028 lost 0.3 cents to trade at 71.7 cents on the dollar.Oman’s bonds suffered sharper losses than other Gulf states on Monday after it was do...
Tags: Travel, Saudi Arabia, Oman, Gulf, Reuters, Saudi Aramco, Moody, Rupert Neil Bumfrey


Azerbaijan says no plans to change 2020 oil output: RIA cites energy ministry - Reuters

Azerbaijan says no plans to change 2020 oil output: RIA cites energy ministry - Reuters:Azerbaijan is not planning to change its oil production plans for 2020, despite the collapse of an OPEC+ output deal earlier this month, the RIA news agency cited the country’s energy ministry as saying on Tuesday. Cooperation with OPEC+ oil producers will continue, the ministry said. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Opec, Azerbaijan, Reuters, RIA, Rupert Neil Bumfrey


Oil to stay below $40 in 2020 on virus shock, OPEC+ deal collapse: Reuters poll - Reuters

Oil to stay below $40 in 2020 on virus shock, OPEC+ deal collapse: Reuters poll - Reuters:Oil prices will stay below $40 a barrel this year, as measures aimed at halting the rapid global spread of the coronavirus cripple demand and the collapse of an OPEC+ deal adds to a mounting supply glut, a Reuters poll showed on Tuesday. The survey of 40 analysts forecast Brent crude prices would average $38.76 a barrel in 2020, 36% lower than the $60.63 forecast in a survey in February.The 2020 outlook for...
Tags: Travel, Opec, Brent, Reuters, Rupert Neil Bumfrey


Shareholders of #AbuDhabi-listed CBI decline board proposal for capital hike - Reuters

:Shareholders of Abu Dhabi-listed Commercial Bank International, which is part owned by Qatar National Bank, have declined a proposed by the board to increase the capital of the company, according to a regulatory filing on Tuesday.The filing did not state the reasons for the shareholders decision.The shareholder meeting took place on Monday after CBI’s board on March 5 had invited shareholders to a meeting to approve a number of recommendations including a capital increase through an issuance of...
Tags: Travel, Cbi, Abu Dhabi, Reuters, Qatar National Bank, Rupert Neil Bumfrey, Abudhabi, Commercial Bank International


#UAE's Dana Gas explores spin-off and listing of upstream business - Reuters

UAE's Dana Gas explores spin-off and listing of upstream business - Reuters:United Arab Emirates’ Dana Gas is considering spinning off its upstream business and listing the unit on the Abu Dhabi Securities Exchange, the Sharjah-based energy company said on Tuesday.Dana Gas, which operates concessions Iraq’s Kurdish region and Egypt, said it was studying a potential demerger of the business into a new company, according to a statement to the stock exchange.Should the transaction succeed, sharehol...
Tags: Travel, Iraq, Egypt, United Arab Emirates, Uae, Sharjah, Reuters, Dana Gas, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey



Filters
show more filters
February - 2020
MoTuWeThFrSaSu
     12
3456789
10111213141516
17181920212223
242526272829 
March - 2020
MoTuWeThFrSaSu
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
April - 2020
MoTuWeThFrSaSu
  12345
6789101112
13141516171819
20212223242526
27282930