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Energy Crisis: Don’t Expect OPEC to Keep You Warm This Winter - Bloomberg

Energy Crisis: Don’t Expect OPEC to Keep You Warm This Winter - Bloomberg Skyrocketing prices for natural gas, coal and electricity are putting extra pressure on oil markets, boosting demand as industries and power generators seek to switch to liquid fuels to keep a lid on costs. But don’t expect the oil producers to boost supplies more rapidly over the coming winter — they’re more worried about what might happen next year.Fuel switching from gas and coal will boost global oil demand by 500,00...
Tags: Travel, Saudi Arabia, Russia, Opec, IEA, Rupert Neil Bumfrey, International Energy Agency Citigroup UBS


OPEC+ Kingpins Say They Protected Oil From Chaos Seen With Gas - Bloomberg

OPEC+ Kingpins Say They Protected Oil From Chaos Seen With Gas - Bloomberg Oil’s stability relative to natural gas and coal underscore that OPEC+ is doing a good job balancing supply and demand, said the energy ministers of Saudi Arabia and Russia.While crude has jumped to a three-year high above $80 a barrel, the increase has been nothing compared to volatility seen with gas and coal prices, Saudi Energy Minister Prince Abdulaziz bin Salman said on Thursday. He reiterated that the OPEC+ c...
Tags: Travel, Asia, Europe, Saudi Arabia, White House, Russia, Opec, Moscow, Riyadh, Rupert Neil Bumfrey, Abdulaziz bin Salman, Saudi Energy, Gas Bloomberg, Bloomberg Oil, OPEC Kingpins


#Saudi energy minister dismisses calls for extra OPEC+ barrels | Reuters

Saudi energy minister dismisses calls for extra OPEC+ barrels | Reuters OPEC leader Saudi Arabia dismissed calls for speedier oil output increases on Thursday, saying its efforts with allies were enough and protecting the oil market from the wild price swings seen in natural gas and coal markets.“What we see in the oil market today is an incremental (price) increase of 29%, vis-à-vis 500% increases in (natural) gas prices, 300% increases in coal prices, 200% increases in NGLs (natural gas liqu...
Tags: Travel, Saudi Arabia, Russia, Opec, United States, Moscow, Reuters, Abdulaziz, Petroleum Exporting Countries, Reuters OPEC, Rupert Neil Bumfrey, Prince Abdulaziz Bin Salman


#Qatar can't help red hot gas markets as production at maximum | Reuters

Qatar can't help red hot gas markets as production at maximum | Reuters Qatar, the world's largest supplier of liquefied natural gas, said on Monday it can't help ease the red hot gas market because it has allocated all its output and believes the high prices are destructive for demand."We are maxed out as far as we have given all our customers their due quantities," Qatar's energy minister Saad al-Kaabi said.He said he expected gas prices to "ease off slightly" as some plants come back up and...
Tags: Travel, Europe, Russia, Qatar, Reuters, Rupert Neil Bumfrey, Reuters Qatar, Saad al Kaabi


#UAE, Syria agree on plans to enhance economic cooperation - ministry | Reuters

UAE, Syria agree on plans to enhance economic cooperation - ministry | Reuters The United Arab Emirates' economy ministry said on Sunday that the Gulf state and Syria had agreed on future plans to enhance economic cooperation and explore new sectors.The ministry wrote on Twitter that the value of non-oil trade between the two countries in the first half of 2021 was one billion dirhams ($272 million).The UAE re-opened its mission to Damascus in late 2018 in a bid to counter the influence of non...
Tags: Travel, Russia, Turkey, Iran, Syria, United Arab Emirates, Damascus, Uae, Bashar Al Assad, Gulf, Reuters, Rupert Neil Bumfrey, UAE Syria


Finland gets disputed wild card for FIBA tourney

NBA Flying high with the backing of Angry Birds, Finland received a wild card for the World Cup of Basketball on Saturday in a decision criticized for being more about business than basketball. Traditional contenders Brazil, Greece and Turkey drew the other three spots to complete the 24-team field for this summer's tournament in Spain, basketball governing body FIBA announced Saturday at its meeting in Barcelona. The draw is Monday. Greece is ran...
Tags: Travel, Greece, China, Germany, Russia, Senegal, Spain, Barcelona, Turkey, Italy, Nba, Brazil, Finland, Venezuela, FIBA, Rovio


NBA should think twice before trashing role in international hoops

NBA The globalization of the NBA — likely one of the greatest legacies during David Stern’s 30 years as NBA commissioner — took a dramatic turn Friday in Las Vegas when Indiana Pacers forward Paul George suffered a horrific broken leg in a Blue-White scrimmage at Team USA’s training camp in Las Vegas. George was one of 20 NBA players vying for a spot on Team USA that will compete at the FIBA World Cup, which begins Aug. 30 in Spain. George, a key ...
Tags: Travel, Asia, Hong Kong, Usa, London, Australia, China, Russia, Dallas Mavericks, America, Spain, Barcelona, Indiana, Beijing, United States, Italy


Oil eases as U.S. mulls strategic reserve sales | Reuters

Oil eases as U.S. mulls strategic reserve sales | Reuters Oil prices extended losses from the previous session on Thursday, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas market.Brent crude prices were down 16 cents, or 0.2%, at $80.92 a barrel by 1306 GMT, after touching a session low of $79.08. WTI crude futures fell 30 cents, or 0.4%, to $77.13 a barrel, having hit a session low of $74.96.Both...
Tags: Travel, Europe, Russia, United States, Ubs, Reuters, Reuters Oil, Giovanni, Rupert Neil Bumfrey


LNG Exporter #Qatar Warns Gas Prices Are at Unhealthy Levels - Bloomberg

LNG Exporter Qatar Warns Gas Prices Are at Unhealthy Levels - Bloomberg Qatar, the world’s biggest exporter of liquefied natural gas, warned that prices have climbed to “unhealthy” levels.“While natural gas prices are an outcome of basic market fundamentals including supply and demand, the current price levels observed in global markets are unhealthy for both producers and consumers,” the Gulf nation’s Energy Minister Saad Al-Kaabi said after a virtual discussion with Kadri Simson, the Europea...
Tags: Travel, Energy, Asia, Europe, Vladimir Putin, Russia, Qatar, Bloomberg, European Union, Moscow, Gulf, Rupert Neil Bumfrey, Saad al Kaabi, Kaabi, Kadri Simson, Unhealthy Levels Bloomberg Qatar


Oil extends losses as U.S. mulls strategic reserve sales | Reuters

Oil extends losses as U.S. mulls strategic reserve sales | Reuters Oil prices fell sharply on Thursday, extending losses from the previous session, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas market.Brent crude prices fell $1.24, or 1.5%, to $79.84 a barrel by 0918 GMT, after falling to a session low of $79.08. WTI crude futures fell $1.69, or 2.2%, to $75.74 a barrel, having hit a session low...
Tags: Travel, Europe, Russia, United States, Ubs, Reuters, Reuters Oil, Giovanni, Rupert Neil Bumfrey


Oil drops after hitting multi-year high amid global energy crunch | Reuters

Oil drops after hitting multi-year high amid global energy crunch | Reuters Oil dropped on Wednesday after hitting a multi-year high above $83 a barrel, pressured by an American Petroleum Institute (API) report showing rising crude inventories in the United States and technical indicators suggesting prices have rallied too fast.The latest surge in the price of crude was underpinned by the refusal of the Organization of the Petroleum Exporting Countries and allies to boost output faster and com...
Tags: Travel, Russia, Opec, United States, Reuters, Reuters Oil, Organization of the Petroleum Exporting Countries, Rupert Neil Bumfrey, American Petroleum Institute API


Oil gains after OPEC+ holds firm on supply restraint | Reuters

Oil gains after OPEC+ holds firm on supply restraint | Reuters Oil prices climbed on Tuesday, hitting their highest levels in at least three years, extending gains triggered during the previous session after the world's major oil producers announced they had decided to keep a cap on crude supplies.Brent crude was up by 23 cents or 0.3% at $81.49 a barrel by 0341 GMT, having rising 2.5% on Monday. U.S. West Texas Intermediate (WTI) oil rose 12 cents or 0.2% to $77.74, after gaining 2.3% the pre...
Tags: Travel, Russia, India, Opec, United States, Reuters, Reuters Oil, Petroleum Exporting Countries OPEC, Rupert Neil Bumfrey


OPEC+ sticks to plan for gradual oil output hike, price roars higher | Reuters

OPEC+ sticks to plan for gradual oil output hike, price roars higher | Reuters OPEC+ said on Monday it would stick to an existing pact for a gradual increase in oil output, sending crude prices to three-year highs and adding to inflationary pressures that consuming nations fear will derail an economic recovery from the pandemic.The Organization of the Petroleum Exporting Countries, Russia and their allies, known as OPEC+, have faced calls for from big consumers, such as the United States and I...
Tags: Travel, Russia, India, Opec, United States, Reuters, Reuters OPEC, Rupert Neil Bumfrey


Covid live: Kremlin pleads for people to get jab; EU regulator backs mRNA booster for those with weak immunity

Russia’s daily cases at highest levels since January; EMA says people with weakened immune systems should get Pfizer or Moderna boosterInside Missouri’s Covid culture wars‘We lost him’: how Covid tore one Sydney family apartBrazil shocked by photos revealing post-pandemic hunger crisisSee all our coronavirus coverageThe UK chancellor, Rishi Sunak, has not ruled out unemployment rising now the furlough scheme has ended. But he told Sky News this morning that the government is “throwing the kitche...
Tags: Travel, UK, Science, Russia, Eu, UK News, Infectious Diseases, Missouri, Sydney, Pfizer, Sky News, Kremlin, EMA, Rishi Sunak, Coronavirus, COVID


OPEC+ seen keeping oil output policy unchanged, OPEC+ sources say | Reuters

OPEC+ seen keeping oil output policy unchanged, OPEC+ sources say | Reuters OPEC and its allies are likely to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, three OPEC+ sources said on Monday, despite pressure from consumers to cool a red hot market.Ministers from The Organization of the Petroleum Exporting Countries, Russia and their allies, known as OPEC+, are due to gather online at 1300 GMT. An OPEC+ ministerial panel that monitors ...
Tags: Travel, Russia, Opec, Reuters, Reuters OPEC, Rupert Neil Bumfrey


OPEC+ considers options for releasing more oil to the market -sources | Reuters

OPEC+ considers options for releasing more oil to the market -sources | Reuters OPEC+ is considering going beyond its existing deal to boost production by 400,000 barrels per day (bpd) when it meets next week, sources said, at a time when oil pricesare near a three-year high and consumers are pressing for more supply.The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, meets on Monday to review output policy.In July, the group agreed to boost output b...
Tags: Travel, Russia, Opec, Reuters, Petroleum Exporting Countries, Reuters OPEC, Rupert Neil Bumfrey


Oil slips as OPEC+ considers boosting output in tight market | Reuters

Oil slips as OPEC+ considers boosting output in tight market | Reuters Oil prices dropped on Friday on the prospect that the OPEC+ supplier alliance might step up a planned increase in output to ease supply concerns, with soaring gas prices spurring power producers to switch from gas to oil.Brent crude futures fell 12 cents, or 0.2%, to $78.19 a barrel at 0638 GMT, but were still heading for a small rise on the week, marking a fourth straight week of gains.U.S. West Texas Intermediate (WTI) cr...
Tags: Travel, Russia, Opec, Reuters, Reuters Oil, Rupert Neil Bumfrey


OPEC+ considers options for releasing more oil to the market -sources | Reuters

OPEC+ considers options for releasing more oil to the market -sources | Reuters OPEC+ is considering going beyond its existing deal to boost production by 400,000 barrels per day (bpd) when it meets next week, sources said, against a backdrop of oil near a three-year high and pressure from consumers for more supply.The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, agreed in July to boost output by 400,000 bpd a month to phase out 5.8 million bpd in...
Tags: Travel, Russia, Opec, Reuters, Petroleum Exporting Countries, Reuters OPEC, Rupert Neil Bumfrey


The top 20 airlines in the world, according to experts

Qatar Airways Nicolas Economou/SOPA Images/LightRocket/Getty Skytrax revealed its 2021 World Airline Awards, naming Qatar Airways as the number one airline for the sixth time. Awards were based on over 13 million surveys collected over 23 months, combing normal travel and pandemic travel. No North American airline ranked in the top 20, though Delta Air Lines held the highest position at number 30. See more stories on Insider's business page. Skytrax revealed the World's Top 100 Air...
Tags: Travel, Transportation, Asia, Hong Kong, Europe, Japan, UK, London, News, Indonesia, Australia, France, China, Germany, Russia, Singapore


Ecamir Launches First-of-a-Kind Environmental Sustainability Lessons Across Russia

Non-profit organisation Ecamir has been awarded a Hilton Effect Grant to introduce interactive lessons on environmental sustainability to more than 250,000 schoolchildren of all ages across Russia.
Tags: Travel, Russia, Ecamir, Hilton Effect Grant


OPEC+ Can Proceed With Reviving Supply, Two Key Members Say - Bloomberg

OPEC+ Can Proceed With Reviving Supply, Two Key Members Say - Bloomberg OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike. “The plan is working, we’re gradually increasing and the market is absorbing it,” United Arab Emirates Oil Minister Suhail Al-Mazrouei said Tuesday at the Gastech conference in Dubai. “I don’t see any reason why we should deviate from that.” Mazrouei’s view echoes comment...
Tags: Travel, Saudi Arabia, Russia, Opec, Bloomberg, Middle East, Dubai, Suhail Al Mazrouei, Rupert Neil Bumfrey, Gastech, Mazrouei, Bloomberg OPEC


Covid Oil Recovery: Russia Is the Canary in the OPEC+ Oil Mine - Bloomberg

Covid Oil Recovery: Russia Is the Canary in the OPEC+ Oil Mine - Bloomberg Russia is struggling to boost its oil production, even as its allowance under the latest OPEC+ agreement is rising. At least that’s what the current data show. If it’s true, we ought to be worried.The country is the largest of the allies that joined with the Organization of Petroleum Exporting Countries last year to agree to a record cut in oil production as Covid-19 slashed fuel demand. Now, as consumption recovers and...
Tags: Travel, Russia, Opec, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey, OPEC Oil Mine Bloomberg, Oil Mine Bloomberg Russia


OPEC+ keen to keep oil prices at $65-$75 a barrel, Lukoil chief says | Reuters

OPEC+ keen to keep oil prices at $65-$75 a barrel, Lukoil chief says | Reuters The head of Russia's No. 2 oil producer Lukoil (LKOH.MM) said that oil prices of $65-$75 were "comfortable" for consumers and that the OPEC+ group of leading oil-producing nations was striving to maintain that price range by regulating output.In an interview with the Kommersant newspaper published on Tuesday, Vagit Alekperov said curbs on oil output would depend on market conditions."Regulation (of output) can be di...
Tags: Travel, Iraq, Russia, Opec, Reuters, Lukoil, Kommersant, West Qurna, Rupert Neil Bumfrey, Alekperov, Vagit Alekperov, Yamama, Lukoil LKOH


These photos taken from space show what 2021 looked like from above

commercial space travel is ever so slowly making its way to civilians. Still, in 2021 the average person can only realize views from space through photos sent back from above. Astronauts at the International Space Station (ISS) orbit the Earth every 90 minutes from 250 miles away, so they are no stranger to picturesque views. While the seven people on the space station enjoy some of the most beautiful sights around the planet, they also have views first-hand of the effects of climate change a...
Tags: Travel, California, Russia, US, Earth, International Space Station, Iss, All, Lake Mead, Colorado River, Tokyo Japan, Megan McArthur


YouTravel.Me packs up $1M to match travelers with curated small group adventures

YouTravel.Me is the latest startup to grab some venture capital dollars as the travel industry gets back on its feet amid the global pandemic. Over the past month, we’ve seen companies like Thatch raise $3 million for its platform aimed at travel creators, travel tech company Hopper bring in $175 million, Wheel the World grab $2 million for its disability-friendly vacation planner, Elude raise $2.1 million to bring spontaneous travel back to a hard-hit industry and Wanderlog bag $1.5 million for...
Tags: Travel, Startups, TC, Mobile, Ecommerce, Apps, Europe, China, Russia, Funding, Tech, Artificial Intelligence, Tourism, SaaS, Airbnb, Sri Lanka


Russia starts opening up to the world post-Covid

‘Mutual recognition of vaccination certificates as soon as possible would facilitate this process’ – Sergei Lavrov, Russia’s foreign minister
Tags: Travel, Advice, Russia, Sergei Lavrov, News &


Oil steadies; OPEC+ sticks to gradual output hikes | Reuters

Oil steadies; OPEC+ sticks to gradual output hikes | Reuters Oil prices steadied on Wednesday after OPEC and its allies agreed to stick to their existing policy of gradual oil output increases.Brent crude fell 4 cents to settle at $71.59 a barrel. U.S. West Texas Intermediate (WTI) crude rose 9 cents to settle at $68.59 a barrel.Brent had plumbed a session low of $70.42 a barrel, while WTI fell as low as $67.12 a barrel.The Organization of the Petroleum Exporting Countries and allies led by Ru...
Tags: Travel, Russia, Opec, Reuters, Reuters Oil, Petroleum Exporting Countries, Rupert Neil Bumfrey


Oil dips; OPEC+ sticks to gradual output hikes | Reuters

Oil dips; OPEC+ sticks to gradual output hikes | Reuters Oil prices edged lower on Wednesday after OPEC and its allies agreed to stick to their existing policy of gradual oil output increases.Brent crude fell 18 cents to $71.45 a barrel by 1:09 p.m. EDT (1709 GMT). U.S. West Texas Intermediate (WTI) crude fell 6 cents to $68.44 a barrel.The Organization of the Petroleum Exporting Countries and allies led by Russia, a group known as OPEC+, agreed on Wednesday to stick to a policy from July of p...
Tags: Travel, Russia, Opec, Reuters, Reuters Oil, Petroleum Exporting Countries, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


MIDEAST STOCKS #Dubai index at highest in over 2 years; #Saudi dips | Reuters

MIDEAST STOCKS Dubai index at highest in over 2 years; Saudi dips | Reuters Dubai's stocks closed at their highest level in over two years on Wednesday, bolstered by gains in real estate shares, while the Saudi index ended three sessions of gains ahead of the OPEC+ meet.Dubai's main share index (.DFMGI) gained 0.5%, with its biggest listed property firm Emaar properties (EMAR.DU) rising 1.4%, while its unit Emaar Malls (EMAA.DU), operator of glitzy Middle East shopping centers, advanced ...
Tags: Travel, Russia, Opec, Middle East, Dubai, Abu Dhabi, Uae, Namshi, Reuters, Tadawul, SPAC, Adi, Emaar Properties, Petroleum Exporting Countries OPEC, Emaar, Tasi


Oil price firms before OPEC+ policy meeting | Reuters

Oil price firms before OPEC+ policy meeting | Reuters Oil prices rose on Wednesday before an OPEC+ meeting at which the producer club is expected to stick to a plan to add 400,000 barrels per day (bpd) each month to the end of December.The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, collectively known as OPEC+, are set to meet at 1500 GMT. OPEC+ has raised its forecast for oil demand next year, sources within the group told Reuters, in a move that migh...
Tags: Travel, Russia, Opec, Joe Biden, Reuters, Reuters Oil, U S West Texas Intermediate WTI, Petroleum Exporting Countries OPEC, Rupert Neil Bumfrey



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