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Russia Slightly Raised July Oil Output Ahead of OPEC+ Tapering - Bloomberg

Russia Slightly Raised July Oil Output Ahead of OPEC+ Tapering - Bloomberg:Russia slightly increased its oil production in July, ahead of OPEC+ plans to start easing their record supply cuts starting this month.The nation’s producers pumped 39.63 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s an average daily of 9.371 million barrels, applying a 7.33 barrel-per-ton conversion rate, and is above June levels, when outp...
Tags: Travel, Asia, Europe, Saudi Arabia, Russia, Opec, Organization of Petroleum Exporting Countries, Energy Ministry, Rupert Neil Bumfrey, CDU TEK, OPEC Tapering Bloomberg


Column: U.S. shale supply chain will emerge smaller from price war, pandemic - Kemp - Reuters

Column: U.S. shale supply chain will emerge smaller from price war, pandemic - Kemp - Reuters:Slumping oil and gas prices as a result of the pandemic and the volume war earlier in the year between Saudi Arabia and Russia have slashed employment in the U.S. oil and gas fields at some of the fastest rates on record.Oil and gas-related employment is split across several different categories in the federal government’s statistical system, making it hard to track changes in total oilfield and gasfiel...
Tags: Travel, Saudi Arabia, Russia, U S Bureau of Labor Statistics, Rupert Neil Bumfrey, Kemp Reuters


Puerto Backyarda in Russia

Summer is the perfect time for a vacation. However, given the restrictive measures, it is difficult to count on a typical vacation trip. Travel plans have collapsed for most people. How do Russians rest in post-isolation time? Many tour operators have started reopening since June as the global health crisis begins to stabilize. However, the pandemic is not over yet; and many people choose not to travel (путеш е́ ствовать) abroad (за гран и́ цу). From the end of the last month, all tourist (тур...
Tags: Travel, Summer Travel, Russia, Culture, Linguistics, Nature and the outdoors, when in Russia, Dacha, coronavirus Russia, COVID Russia, Russian vacation, Russians travel, Puerto Backyarda, Puerto Backyarda Russian


Oil slips as U.S.-China friction, rising virus cases weigh on markets - Reuters

Oil slips as U.S.-China friction, rising virus cases weigh on markets - Reuters:Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.Brent crude LCOc1 dipped 8 cents, or 0.2%, to $43.26 a barrel by 0403 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 dropped to $41.22 a barrel, down 7 cents, or 0.2%.The fall in oil mirrored moves in broader financial markets in Asia amid concerns about esc...
Tags: Travel, Asia, China, Russia, United States, Houston, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Organization of the Petroleum Countries, Chengdu Global


OPEC and Oil: Saudis Sees No Gain From Ending Russia Price War - Bloomberg

OPEC and Oil: Saudis Sees No Gain From Ending Russia Price War - Bloomberg:Saudi Arabia gained no financial reward in the first full month after ending its oil-price war with Russia.The kingdom earned 23.9 billion riyals ($6.4 billion) from oil exports in May, the Riyadh-based General Authority for Statistics said Thursday. That was even less than the previous month, when the price war was at its height, and down more than 60% from last year’s monthly average of $16.8 billion.The government slas...
Tags: Travel, Saudi Arabia, Russia, Opec, Bloomberg, Donald Trump, Riyadh, Rupert Neil Bumfrey, General Authority for Statistics


Oil prices ease after OPEC+ agrees to taper oil supply curbs - Reuters

Oil prices ease after OPEC+ agrees to taper oil supply curbs - Reuters:Oil prices eased on Thursday after OPEC and allies such as Russia agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a big drawdown from the country’s crude stocks.Brent crude LCOc1 fell 33 cents, or 0.8%, to $43.46 a barrel by 0646 GMT, and U.S. West Texas Intermediate (WTI) crude CLc1 dropped 42 cents, or 1.0%, to $40.78 a barrel. Prices rose 2% the ...
Tags: Travel, Russia, Opec, Reuters, U S West Texas Intermediate WTI, Petroleum Exporting Countries OPEC, Rupert Neil Bumfrey


MIDEAST STOCKS-Banks lift #Saudi index; blue-chip sell-off dents Egypt - Reuters

MIDEAST STOCKS-Banks lift Saudi index; blue-chip sell-off dents Egypt - Reuters:The Saudi Arabian stock market endedhigher on Wednesday, as the Organization of the PetroleumExporting Countries (OPEC) and its allies meet to discuss futureoil output cuts, but Egypt saw a sharp decline as all itsblue-chip stocks fell except one.Key members of OPEC and allies including Russia,collectively known as OPEC+, are set to decide whether to extendoutput cuts of 9.7 million barrels per day (bpd) that end inJ...
Tags: Travel, Saudi Arabia, Russia, Opec, Egypt, Egypt Reuters, EFG Hermes, Rupert Neil Bumfrey, Commercial International Bank, Samba Financial Group, Al Rajhi Bank, Gulf Egypt, PetroleumExporting Countries OPEC


OPEC+ May Temper Output Rise With Extra Oil Cuts From Cheats - Bloomberg

OPEC+ May Temper Output Rise With Extra Oil Cuts From Cheats - Bloomberg:OPEC+ is seeking extra production cuts from members that have missed their targets again in June, potentially tempering the impact of the supply resumption planned by the wider coalition next month.A technical committee that met online on Tuesday outlined plans for countries including Iraq, Nigeria and Kazakhstan to make an additional 842,000 barrels a day of compensatory cuts in August and September, according to delegates...
Tags: Travel, Saudi Arabia, Russia, Opec, Moscow, Kazakhstan, Riyadh, Rupert Neil Bumfrey, Iraq Nigeria, Cheats Bloomberg


RPT-COLUMN-Oil diplomacy and the U.S. presidential election: Kemp - Reuters

RPT-COLUMN-Oil diplomacy and the U.S. presidential election: Kemp - Reuters:Slower growth in petroleum consumption has intensified competition among the major oil producers and contributed to periodic volume wars and price slumps as they have fought for market share.For now, the big three producers, Russia, the United States and Saudi Arabia, have reached a truce to stabilise prices during the COVID-19 pandemic and the deepest slump in oil consumption in the industry’s history.But the truce is f...
Tags: Travel, Saudi Arabia, Russia, United States, Libya, Rupert Neil Bumfrey, Venezuela Iran, Kemp Reuters


MIDEAST STOCKS-Gulf stocks move sideways; #Saudi gains ahead of OPEC+ meet - Reuters

MIDEAST STOCKS-Gulf stocks move sideways; Saudi gains ahead of OPEC+ meet - Reuters:Major stock markets in the Gulf moved sideways on Wednesday, with the Saudi index edging up ahead of a meeting on the future level of oil output cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies.Key members of OPEC and allies including Russia, collectively known as OPEC+, are set to decide whether to extend output cuts of 9.7 million barrels per day (bpd) that end in July or ease...
Tags: Travel, Saudi Arabia, Russia, Opec, Qatar, Gulf, Reuters, Qatar Islamic Bank, Rupert Neil Bumfrey, Industries Qatar, National Commercial Bank, Al Rajhi Bank


OPEC chief sees oil market moving closer to balance before key meeting - Reuters

OPEC chief sees oil market moving closer to balance before key meeting - Reuters:The oil market is getting closer to balance as demand gradually rises, OPEC’s secretary general said on Monday, two days before the group and ally Russia meet to decide whether to ease output curbs from August.The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, have been cutting output since May by 9.7 million barrels per day after the coronavirus crisis destroyed a third of global dema...
Tags: Travel, Russia, Opec, Reuters, Organization of the Petroleum Exporting Countries, Rupert Neil Bumfrey, Mohammad Barkindo, Joint Ministerial Monitoring Committee JMMC


Libya's NOC accuses #UAE of being behind oil blockade - Reuters

Libya's NOC accuses UAE of being behind oil blockade - Reuters:Libya’s National Oil Corp (NOC) on Sunday accused the United Arab Emirates of instructing eastern forces in Libya’s civil war to reimpose a blockade of oil exports after the departure of a first tanker in six months.The UAE, along with Russia and Egypt, supports the eastern-based Libyan National Army (LNA) of Khalifa Haftar, which on Saturday said the blockade would continue despite it having let a tanker load with oil from storage.“...
Tags: Travel, Russia, Egypt, United Arab Emirates, Libya, Uae, Reuters, NOC, LNA, Khalifa Haftar, National Oil Corp NOC, Rupert Neil Bumfrey, Libyan National Army LNA


OPEC Readies Next Move in Bid to Avoid Oil-Market Taper Tantrum - Bloomberg

OPEC Readies Next Move in Bid to Avoid Oil-Market Taper Tantrum - Bloomberg:Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of OPEC+ acting as the central bank of oil. And he expresses admiration for Alan Greenspan, former chairman of the U.S. Federal Reserve.The challenge now confronting the oil producers’ club is one that’s all too familiar to the Fed: how to avoid a “taper tantrum,” the market panic that ensued when the institution proposed tightening monetary policy in 2013.  H...
Tags: Travel, Russia, Opec, Fed, U S Federal Reserve, Alan Greenspan, Greenspan, Rupert Neil Bumfrey, Abdulaziz bin Salman, Avoid Oil Market Taper Tantrum Bloomberg


Wave of North American oil and gas bankruptcies to continue at $40/bbl crude: report - Reuters

Wave of North American oil and gas bankruptcies to continue at $40/bbl crude: report - Reuters:A wave of oil and gas bankruptcies in North America is likely to continue this year as oil prices remain depressed and a new surge of COVID-19 cases threaten to stall any recovery in fuel demand, law firm Haynes and Boone said in a report released this week.Bankruptcies surged in the second quarter, including from major shale independents Chesapeake Energy and Whiting Petroleum, as oil prices collapsed...
Tags: Travel, Saudi Arabia, Russia, North America, Boone, Reuters, Haynes, Chesapeake Energy, Whiting Petroleum, Rupert Neil Bumfrey, Haynes Boone


How not to do Covid: Kazakhstan first country in the world to fully return to lockdown

Kazakhstan will on Sunday become the first nation in the world to re-impose a country-wide lockdown after its easing in mid-May of largely successful measures to counter coronavirus sparked a surge in infections. The central Asian country, which borders Russia in the north-west and China in the east, appeared to have contained the disease after a two-month lockdown with just a few thousand confirmed Covid-19 cases. But Kazakhstan, home to 18 million, embraced its re-discovered freedoms with gust...
Tags: Travel, Facebook, UK, News, China, Russia, Italy, North West, Kazakhstan, Almaty, Uralsk, Khabar, Nur Sultan, Saule Atygayeva, Lukpan Akhmedyarov, Kundiz Ospan


Americans officially banned from entering EU, at least for now

The European Union made an agreement on a list of 15 countries that could travel in its bloc from July 1st.Citizens of the United States, as well as Russia, Brazil and India, are not on it.The exclusion of the U.S. reflects concerns over its coronavirus surge. From July 1st, when its external borders will re-open, American tourists won't be welcome in Europe, decrees a new agreement from the European Union. The bloc decided on a list of 15 safe countries whose residents would be allowed to trav...
Tags: Travel, Health, Europe, Politics, Medicine, Congress, Cdc, China, Russia, India, Eu, European Union, Public Health, United States, Innovation, Epidemics


OPEC has cut oil output by 1.25 mbpd in June, says Petro-Logistics - Reuters

OPEC has cut oil output by 1.25 mbpd in June, says Petro-Logistics - Reuters:OPEC has cut oil output in June by 1.25 million barrels per day (bpd) from May levels as it works to implement a supply restraint agreement with Russia and other allies, according to estimates from tanker-tracking company Petro-Logistics.OPEC and its allies, a group known as OPEC+, agreed to cut supply by a record 9.7 million bpd from May 1 to offset an oil price and demand slump triggered by the coronavirus crisis. OPE...
Tags: Travel, Russia, Opec, Venezuela, Rupert Neil Bumfrey, Iran Libya, Petro Logistics, Petro Logistics Reuters, Petro Logistics OPEC


How Much Money Has #SaudiArabia Lost From Oil-Price War? - Bloomberg

How Much Money Has Saudi Arabia Lost From Oil-Price War? - Bloomberg: Oil prices fell so much in April that even with record volumes of exports, Saudi Arabia’s earnings from crude plunged 65% from a year earlier. Brent has risen almost 60% since the beginning of May to around $40 a barrel, but that’s in large part because the kingdom and other major producers such as Russia have cut supplies. That means Saudi finances are unlikely to get a major boost soon. [Author: [email protected] (Ru...
Tags: Travel, Saudi Arabia, Russia, Bloomberg, Rupert Neil Bumfrey


‘Fly Brother’ host Ernest White II

Few people have what it takes to turn a personal blog into a nationally broadcasted travel show. Ernest White II, who has circumnavigated the globe six times and visited some 70 countries, is one of those few. We caught up with Ernest White II, the creator and host of the new travel show Fly Brother with Ernest White II, which airs on various public television stations. He shared what it took to turn his personal blog into a travel show. Ernest recalled the exact moment he realized the import...
Tags: Travel, Silk Road, South Korea, Sweden, Russia, US, Earnest, Colombia, Brazil, Tajikistan, All, Travel Show, Jacksonville Florida, Central Asia, Ernest, Public Television Station


EU borders might stay closed to US

As the European Union sets guidelines for reopening borders to visitors from non-European countries, there’s one conspicuous absence from the list: the United States. Due to the US’ poor coronavirus response, and the continued surge of cases, the country is joining the ranks of Russia and Brazil on the EU’s blacklist, according to draft lists obtained by The New York Times. Although travelers from pretty much everywhere have been barred from visiting Europe since March, external borders are ...
Tags: Travel, Europe, Greece, Russia, US, Eu, European Union, United States, New York Times, Portugal, Brazil, All


Oil Recovers Losses After Trump Says China Trade Deal Still On - Bloomberg

Oil Recovers Losses After Trump Says China Trade Deal Still On - Bloomberg:Oil resumed gains, clinging to a three-month high as signs of improving demand buoyed a market momentarily roiled by confusion over U.S.-China trade.Futures in New York rose 0.4% after President Donald Trump said the deal with Beijing was “fully intact” following remarks from a trade adviser that were interpreted as an end to the agreement. After earlier dropping 2.4%, crude is now back above $40 a barrel, bolstered in re...
Tags: Travel, New York, Saudi Arabia, Russia, Opec, Bloomberg, Beijing, Donald Trump, U S China, Rupert Neil Bumfrey, Abdulaziz bin Salman


State-based cyber actor is attacking Australian organisations, says Aussie PM

A “sophisticated state-based cyber actor” is targeting Australian organisations across a range of sectors, “including all levels of government, industry, political organisation, education, health, essential service providers and operators of other critical infrastructure”, Australian Prime Minister Scott Morrison announced in a press conference on June 19. Both government agencies and private sector were targeted. The scale and nature of the targeting and “tradecraft” used, prove that a “state-b...
Tags: Travel, South Korea, UK, News, Microsoft, Australia, North Korea, China, Russia, India, US, Georgia, Sony, Boris Johnson, Cyber Attack, Scott Morrison


#Saudi Aramco cuts July crude supplies to at least five buyers in Asia: sources - Reuters

Saudi Aramco cuts July crude supplies to at least five buyers in Asia: sources - Reuters:World’s largest oil exporter Saudi Aramco has reduced the volume of July-loading crude that it will supply to at least five buyers in Asia, seven sources said on Monday. The cuts were mainly for medium and heavy grades and were seen at refineries in countries such as China, the sources with knowledge of the matter said.Four of the refiners saw smaller July cuts than what they had received in June. The source...
Tags: Travel, Asia, China, Russia, Reuters, Saudi Aramco, Rupert Neil Bumfrey


Bytedance to shutdown Vigo apps in India by October, allow users to transfer to TikTok

Chinese internet company Bytedance announced that it will shut down its short video apps Vigo Video and Vigo Lite in India by October this year. Until then, users and creators will be given the option to export their content to TikTok. “Users on Vigo Video will be informed about the app shutting via in-app notifications with detailed instruction on downloading their personal data or deleting their account permanently, including videos, personal information, chat history and favourite list,” Byte...
Tags: Travel, News, Russia, India, Brazil, Bangladesh, Vigo, Madras High Court, National Commission, Swadeshi Jagran Manch, Bytedance, Tiktok, Vigo Video, Vigo Lite, Middle East Vigo Video


Twitter removes 32,000 accounts from China, Russia, Turkey promoting pro-govt content; 150K amplifier accounts also removed from China

Twitter has permanently removed over 32,000 state-linked accounts which were part of three distinct operations from China, Russia, and Turkey spreading political propaganda favourable to the ruling government of these countries, and critical of dissidents and protesters. The accounts were suspended for various violations of Twitter’s platform manipulation policies. Anti-Hong Kong protest content, regimented tweets showed accounts were suspicious 150,000 amplifier accounts also removed: From Ch...
Tags: Travel, Twitter, Hong Kong, News, Putin, White House, China, Russia, US, Social Media, Turkey, Taiwan, Beijing, Moscow, Erdogan, Kremlin


#Qatar energy minister weighs in on Saudi oil price war | Qatar News | Al Jazeera

Qatar energy minister weighs in on Saudi oil price war | Qatar News | Al Jazeera:Qatar's Minister of State for Energy Affairs said Saudi Arabia made a big miscalculation when it launched an oil price war with Russia earlier this year, flooding an already saturated global market that was reeling from falling crude demand in the wake of coronavirus lockdowns. "It was sort of a double-whammy where the market got hit in a very big way," Saad al-Kaabi, who is also CEO of Qatar Petroleum, told busines...
Tags: Travel, Saudi Arabia, Russia, Qatar, Cnbc, Riyadh, Rupert Neil Bumfrey, Qatar Petroleum, Saad al Kaabi, State for Energy Affairs, Qatar News


#SaudiArabia to end voluntary cuts on top of OPEC+ pact - Reuters

Saudi Arabia to end voluntary cuts on top of OPEC+ pact - Reuters:Saudi Arabia will boost output in July to match its output OPEC quota while ending deeper, voluntary cuts amid signs of global demand recovering, the Saudi energy minister said on Monday.OPEC, Russia and other producers agreed on Saturday to extend record output cuts of 9.7 million barrels per day (bpd) into July, curbing global supply by almost 10% amid a steep slump in demand due to the coronavirus pandemic.For June, Saudi Arabi...
Tags: Travel, Saudi Arabia, Russia, Opec, Reuters, Riyadh, United Arab Emirates UAE, Saudi Arabia Kuwait, Rupert Neil Bumfrey, Abdulaziz bin Salman


MIDEAST STOCKS-Major Gulf bourses get off to mixed start - Reuters

MIDEAST STOCKS-Major Gulf bourses get off to mixed start - Reuters:Major stock markets in the Gulf were mixed in early trade on Monday, having rallied in the previous session buoyed by the OPEC+ group of oil producers agreeing to extend record production cuts until the end of July.Saturday’s deal between OPEC and other producers led by Russia prolongs a pact that has helped crude prices to double in the past two months by withdrawing almost 10% of global supplies from the market.Saudi Arabia’s b...
Tags: Travel, Saudi Arabia, Russia, Opec, Gulf, Reuters, Rupert Neil Bumfrey, Al Rajhi Bank, Saudi Basic Industries However


Oil prices rise on OPEC+ cuts, record China imports - Reuters

Oil prices rise on OPEC+ cuts, record China imports - Reuters:Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in May.Brent crude LCOc1 was up 51 cents, or 1.2%, at $42.81 per barrel, by 0628 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 rose 32 cents, or 0.8%, to $39.87 a barrel.Both hit their highest since March 6 earlier in the session, at $43.41 and $40.44, respectively.Br...
Tags: Travel, China, Russia, Opec, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


Saudis Make Biggest Oil Price Hike in 20 Years After OPEC+ Cuts - Bloomberg

Saudis Make Biggest Oil Price Hike in 20 Years After OPEC+ Cuts - Bloomberg:Saudi Arabia made some of the biggest price increases for crude exports in at least two decades, doubling down on its strategy to bolster the oil market after OPEC+ producers extended historic output cuts.The steepest jump will hit July exports to Asia, state producer Saudi Aramco’s largest regional market, according to a pricing list seen by Bloomberg. Overall, the increases for Saudi crude erase almost all of the disco...
Tags: Travel, Asia, Saudi Arabia, Russia, Opec, Bloomberg, Middle East, Saudi Aramco, Rupert Neil Bumfrey



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