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Oil Stays Above $60 on U.S. Stockpile Draw and Saudi Supply Drop - Bloomberg

Oil Stays Above $60 on U.S. Stockpile Draw and Saudi Supply Drop - Bloomberg:Oil held above $60 a barrel after the biggest withdrawal of crude in American storage tanks since July raised speculation that global supplies are tightening. Futures for May in New York were little changed after the April contract reached the highest level this year before expiring on Wednesday. U.S. government data showed a 9.59 million-barrel decline in nationwide stockpiles, exceeding analysts’ expectations. Crude e...
Tags: Travel, New York, Saudi Arabia, Iran, Venezuela, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey, Saudi Supply Drop Bloomberg, Meanwhile the Federal Reserve


Oil Hits 2019 High on Biggest U.S. Crude Storage Drop Since July - Bloomberg

Oil Hits 2019 High on Biggest U.S. Crude Storage Drop Since July - Bloomberg:Oil closed at a new high for the year in New York after the biggest withdrawal of crude in U.S. storage tanks since July signaled further tightening supplies.Futures gained 1.4 percent on Wednesday after a 9.59 million-barrel decline in American oil stockpiles reported by the government exceeded analysts’ expectations. U.S. crude exports were near a record high while imports from Saudi Arabia decreased by more than half...
Tags: Travel, New York, Saudi Arabia, Toronto, Venezuela, Rupert Neil Bumfrey, Bart Melek


Oil's Rally Stalls Near $59 as U.S.-China Trade Jitters Return - Bloomberg

Oil's Rally Stalls Near $59 as U.S.-China Trade Jitters Return - Bloomberg:Oil’s rally stuttered as uncertainty over the status of trade negotiations between the U.S. and China stoked concerns over global economic growth.Futures for May were little changed in New York after dropping as much as 0.4 percent. China was said to be pushing back against American demands, raising speculation that trade tensions between the world’s biggest economies will persist. Still, the price drop was cushioned by a...
Tags: Travel, New York, China, Russia, Opec, Iran, Venezuela, American Petroleum Institute, Rupert Neil Bumfrey, U S China Trade Jitters Return Bloomberg


Oil prices hover close to 2019 highs on OPEC output cuts, U.S. sanctions | Reuters

Oil prices hover close to 2019 highs on OPEC output cuts, U.S. sanctions | Reuters:Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC.U.S. sanctions against oil producers Iran and Venezuela are also boosting prices, although traders said the market may be capped by rising U.S. output.U.S. West Texas Intermediate (WTI) futures were at $59.14 per barrel at 0746 GMT, up 5 cents from their last settlement and close to the 2019 high of $59.23 reached the pr...
Tags: Travel, Opec, Iran, Venezuela, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


American Airlines suspends Venezuela flightsAmerican Airlines suspends Venezuela flights

It was the only US carrier still serving the crisis-torn country
Tags: Travel, US, Venezuela, American Airlines, Venezuela flightsAmerican Airlines


Saudis Urge OPEC+ to Stick With Oil Cuts as Job Not Yet Done - Bloomberg

Saudis Urge OPEC+ to Stick With Oil Cuts as Job Not Yet Done - Bloomberg:OPEC and its allies have much work ahead to balance global oil markets and are prepared to do what’s necessary in the second half, Saudi Energy Minister Khalid Al-Falih said.The 24-nation coalition known as OPEC+ needs to “stay the course” until June as its job is “nowhere near complete” in terms of restoring oil-market fundamentals, Al-Falih said late Sunday at a news conference in Baku, Azerbaijan. U.S. inventories remain...
Tags: Travel, Iraq, Russia, Opec, Bloomberg, Iran, Venezuela, Baku Azerbaijan, Khalid al Falih, Alexander Novak, Rupert Neil Bumfrey, Al Falih, Saudi Energy


#Saudi signals OPEC may need to extend oil cuts until end-2019 | Reuters

Saudi signals OPEC may need to extend oil cuts until end-2019 | Reuters:Saudi Arabia said on Sunday OPEC’s job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and Venezuela, signaling it may need to expand output cuts into the second half of 2019.Russia, which is cutting oil output in tandem with OPEC, also said production cuts would stay in place at least until June, when Washington’s next steps on reducing Iran’s and ...
Tags: Travel, Washington, Saudi Arabia, Russia, Opec, Iran, United States, Venezuela, Reuters, Rupert Neil Bumfrey


American stops flying to Venezuela

Amid the civil unrest taking place in Venezuela, American Airlines is joining other major US airlines in suspending service to the country. Normally, the airline flies twice daily between Caracas and Miami, and once between Maracaibo and Miami. The decision came after the Allied Pilots Association (APA), a union group for American Airlines Pilots, began urging its pilots to refuse trips to the country following a travel advisory issued by the US State Department. The advisory warned of “viole...
Tags: Travel, US, Miami, Venezuela, Nicolás Maduro, United, US Embassy, American Airlines, All, Reuters, Caracas, Maduro, US State Department, Maracaibo, Allied Pilots Association APA, Juan Guaido


World can rely on OPEC supply cushion for urgent oil needs: IEA

World can rely on OPEC supply cushion for urgent oil needs: IEA:Production cutbacks by OPEC nations are building a supply cushion that could be called upon to mitigate a possible supply shock from an abrupt drop in crisis-hit Venezuela’s output, the IEA said Friday.With a nationwide blackout that paralyzed the country for one week, demonstrating the unreliability of the country’s electricity network, new questions are being raised about Venezuela’s ability to continue to produce and export oil.I...
Tags: Travel, Opec, Paris, IEA, Venezuela, International Energy Agency, Rupert Neil Bumfrey


American Airlines Pilots Union Telling Members to Refuse Trips to Venezuela

American Airlines is the sole remaining US carrier serving Venezuela and there are few other airlines flying in and out of the country as well. As the nation has fallen apart, with mass shortages, rampant crime, and inflation over 5000%, American Airlines had found their Venezuela routes extremely profitable -- because there was so little air service left. With flight crews getting robbed by bandits airlines fly crews out of the country rather than overnighting, and try to refuel elsewhere as...
Tags: Travel, Advice, US, Venezuela, American Airlines, American Airlines Pilots Union


U.S. oil hits highest so far this year, but concerns over demand growth drag | Reuters

U.S. oil hits highest so far this year, but concerns over demand growth drag | Reuters:Oil prices edged up on Friday, with U.S. crude climbing to its highest so far this year as production cuts led by OPEC and U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter.Yet prices have been prevented from rising further by concerns that an economic slowdown will soon start denting growth in fuel demand.U.S. West Texas Intermediate (WTI) crude oi...
Tags: Travel, Opec, Iran, Venezuela, Reuters, Rupert Neil Bumfrey


Oil hits four-months highs, Brent reaches $68 on tighter supply | Reuters

Oil hits four-months highs, Brent reaches $68 on tighter supply | Reuters:Brent and West Texas Intermediate crude oil futures reached four-months highs on Thursday, as a production curb agreement by OPEC and its partners along with U.S. sanctions on Iran and Venezuela tightened global supplies.An unexpected dip in U.S. crude oil inventories and production also supported prices, traders said.Brent crude oil futures hit a 2019-peak of $68.14 per barrel on Thursday before easing modestly to $67.05 ...
Tags: Travel, Opec, Iran, Venezuela, Reuters, Rupert Neil Bumfrey


Latino Mysteries That Still Keep Me Awake at Night

“Yesterday night, for the first time in seven weeks, I realized I was missing you,” I told Feng on Skype. “I really wished you were there.” “Huh?” “Oh, yes, I did. See, I squeezed the last bit of toothpaste out of the tube in the morning. Bad timing to run out of it since I’m leaving in two days and I’m not a big fan of Chilean toothpaste. I mean, it’s a bit of a waste to spend $2 on a new tube I’m probably going to leave behind. But if you had been here, I would have used yours!” We both laughe...
Tags: Travel, China, Santiago, Chile, Brazil, Venezuela, South America, Jesus, Uruguay, Skype, Chinatown, Ottawa, Rio, Sao Paulo, Mark, San Isidro


Oil up after U.S. crude stock draw, supply growth seen easing | Reuters

Oil up after U.S. crude stock draw, supply growth seen easing | Reuters:Oil futures rallied about 2 percent on Wednesday as U.S. crude inventories unexpectedly fell and an official forecast of crude oil supply growth from the world’s top producer was revised lower.A widespread power outage in Venezuela that has stalled crude exports from the OPEC-member nation, which has already seen reduced shipments from U.S. sanctions, helped to tighten the market.Brent crude futures settled at $67.55 a barre...
Tags: Travel, Opec, Venezuela, Reuters, Rupert Neil Bumfrey


Oil Rises as Saudis, Venezuela Seen Carving Deeper Into Supplies - Bloomberg

Oil Rises as Saudis, Venezuela Seen Carving Deeper Into Supplies - Bloomberg:Oil began the week on the rebound, as Saudi Arabia moved to extend supply curbs and a nationwide blackout threatened deep production cuts in Venezuela.Futures in New York climbed 1.3 percent after dropping on Friday amid weak U.S. employment figures. Saudi Arabia plans to produce well below 10 million barrels a day in April, a Saudi official said over the weekend. Meanwhile, crude output from fellow OPEC member Venezuel...
Tags: Travel, New York, Saudi Arabia, Opec, Bloomberg, Canada, New Jersey, Venezuela, Rupert Neil Bumfrey, Venezuela Futures, Brynne Kelly


Oil Optimists Stay the Course Even as Demand Headwinds Loom - Bloomberg

Oil Optimists Stay the Course Even as Demand Headwinds Loom - Bloomberg:Hedge funds keep betting on an oil rally, even with prices struggling for a direction.Investors pushed bullish wagers on West Texas Intermediate crude prices to their highest in a month and cut short-selling bets to the lowest since October, according to data released Friday. They’re apparently convinced that dwindling global supplies will be more than enough to withstand a weaker economy.Futures in New York ended last week ...
Tags: Travel, New York, Nigeria, Opec, Iran, Venezuela, Rupert Neil Bumfrey


The Shopping Carts Mystery

When I moved into the studio I’m renting in Santiago, I noticed several shopping carts parked by the elevator, in the lobby of the residential high-rise building. Clearly, they didn’t belong here, but I didn’t think much of it. Except that every night, the shopping carts were gone for a few hours, and they would reappear the next morning. Now, this was an intriguing mystery. In Canada, I would have assumed that people without a car were “borrowing” a cart to haul groceries back home. But this is...
Tags: Travel, Colombia, Canada, Santiago, Chile, Peru, Venezuela, Latin America, Caracas, Universidad Catolica, Santa Isabel, Calle Catedral, South America 2018-2019, Santiago Lider Walmart, Dominican Republic Haiti Bolivia, Across La Alameda


Oil Optimists Stay the Course Even as Demand Headwinds Loom - Bloomberg

Oil Optimists Stay the Course Even as Demand Headwinds Loom - Bloomberg:Hedge funds keep betting on an oil rally, even with prices stuck in neutral.Investors pushed bullish wagers on West Texas Intermediate crude prices to their highest in a month and cut short-selling bets to the lowest since October, apparently convinced that dwindling global supplies will be more than enough to withstand a weaker economy.Futures in New York ended the week up by a mere 0.5 percent, with disappointing reports o...
Tags: Travel, New York, Nigeria, Opec, Iran, Venezuela, Rupert Neil Bumfrey


Exclusive: #Saudi's Falih - U.S., China driving oil demand; no April OPEC policy change | Reuters

Exclusive: Saudi's Falih - U.S., China driving oil demand; no April OPEC policy change | Reuters:Saudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy global demand for oil this year but that it would be too early to change OPEC+ output policy at the group’s next meeting in April.He said total global oil demand is set to grow by around 1.5 million barrels per day (bpd).“If you look at Venezuela alone you would panic, if you look at the U.S. you would say th...
Tags: Travel, China, Opec, Venezuela, Reuters, Khalid al Falih, Rupert Neil Bumfrey, Falih


Rock Climbing and Climbing Hostel Birthday Fun

Guest Post by Brandon Villatoro (Travel Experta’s Son) Climbing just got that much more fun in Guatemala! Belay Partners Hostal is a new hostel located right beside the best climbing rock in Amatitlan, Guatemala. Usually when I want to go to climb in the rock it is very difficult because after noon (12 pm) the sun starts really burning up the rock. It takes about an hour to go to the rock from where I live and sometimes its hard to wake up early to go there then hike up and  its not very m...
Tags: Travel, Climbing, Venezuela, Family Travel, Carlos, Juliana, Brandon Villatoro, Guatemala Belay Partners Hostal, Amatitlan Guatemala, Amatitlan


Oil edges up on Venezuela and Iran sanctions, OPEC supply cuts | Reuters

Oil edges up on Venezuela and Iran sanctions, OPEC supply cuts | Reuters:Oil prices crept up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by record U.S. crude output and rising commercial fuel inventories.Brent crude futures were at $66.12 per barrel at 0757 GMT, up 13 cents, or 0.2 percent, from their last close.U.S. West Texas Intermediate (WTI) crude oil futures were at $56.24 per barrel, up 2 cents. [Author: n...
Tags: Travel, Opec, Iran, Venezuela, Reuters, Rupert Neil Bumfrey


OPEC likely to defer output policy decision until June: sources | Reuters

OPEC likely to defer output policy decision until June: sources | Reuters:OPEC and its partners are unlikely to decide on their output policy in April as it would be too early to get a clear picture of the impact of their supply cuts on the market by then, three OPEC sources said on Monday.The sources said the production policy by the so-called OPEC+ alliance is expected to be agreed on in June with an extension of the pact the likely scenario so far, but much depends on the extent of U.S. sanct...
Tags: Travel, Opec, Iran, Venezuela, Reuters, Rupert Neil Bumfrey


Oil falls 2 percent as demand worries overtake supply cuts | Reuters

Oil falls 2 percent as demand worries overtake supply cuts | Reuters:Oil prices settled down about 2 percent on Friday, ending around 3 percent lower on the week as concerns over global demand growth after weak U.S. manufacturing data overshadowed OPEC-led supply cuts and sanctions on Venezuela and Iran.After strengthening early in the session to over a three-month high, U.S. crude futures turned sharply lower on demand worries. The ISM manufacturing activity index in February sank to the lowest...
Tags: Travel, Opec, Iran, Venezuela, Reuters, Rupert Neil Bumfrey


Found in Santiago – China, Korea, Peru, Colombia, and Venezuela

I still remember our first visit to Santiago in 2002 very well. I didn’t find the city particularly remarkable, although it felt clean and modern after Equator, Peru and Bolivia—as in, having running water was normal and there was no shit in the (paved!) streets. But overall,  Santiago was quite sleepy, quite boring. We stayed in a hostel, and we went to see Vanilla Sky. We splurged on a great lunch at the fish market and for dinner, I remember hesitating between fries, hot dogs, and fries with ...
Tags: Travel, China, Colombia, Santiago, Chile, Venezuela, Bolivia, Maduro, Chavez, San Isidro, equator Peru, San Alfonso, South America 2018-2019, China Korea Peru Colombia, Centro China, Unión Latinoamericana


Oil rises 2 percent as U.S. crude stocks plunge, OPEC brushes off Trump | Reuters

Oil rises 2 percent as U.S. crude stocks plunge, OPEC brushes off Trump | Reuters:Oil futures gained about 2 percent on Wednesday after U.S. crude inventories unexpectedly plummeted and as Saudi Arabia brushed aside comments from U.S. President Donald Trump seeking to keep oil prices from climbing.U.S. crude stockpiles fell 8.6 million barrels last week, in contrast to expectations for an increase of 2.8 million barrels, government data showed.The drawdown, which breaks five consecutive weeks of...
Tags: Travel, Saudi Arabia, Opec, Venezuela, Donald Trump, Trump, Reuters, Rupert Neil Bumfrey


Saudis Hold Firm on Oil Output Cuts After Trump Says `Relax' - Bloomberg

Saudis Hold Firm on Oil Output Cuts After Trump Says `Relax' - Bloomberg:Saudi Arabia is leaning toward extending OPEC cuts into the second half of 2019, potentially pitting the group against U.S. President Donald Trump’s demand to keep prices down.Oil inventories in the U.S. are “brimming,” and reducing that glut remains the main goal for the group, Saudi Arabian Energy Minister Khalid Al-Falih said in Riyadh. The kingdom plans further curbs to output in March, he said.Trump has renewed his pre...
Tags: Travel, Saudi Arabia, Opec, Iran, Venezuela, Trump, Riyadh, Khalid al Falih, Rupert Neil Bumfrey, U S President Donald Trump, Saudi Arabian Energy, Relax Bloomberg


OPEC Again Faces Choice Between Trump's Wrath and Oil Slump - Bloomberg

OPEC Again Faces Choice Between Trump's Wrath and Oil Slump - Bloomberg:It’s becoming a familiar choice for OPEC: risk the pain of an oil-price slump, or provoke the wrath of President Donald Trump.After another warning on Twitter on Monday to avoid pushing crude higher, Saudi Arabia and fellow Organization of Petroleum Exporting Countries producers again are faced with a dilemma: suffer a market rout that batters their export-dependent economies or defy the president, who could enforce legislat...
Tags: Travel, Saudi Arabia, Opec, Iran, Venezuela, Donald Trump, Trump, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey, Oil Slump Bloomberg, OPEC Again Faces Choice Between Trump


COLUMN-Hedge funds bet cautiously on even higher oil prices: Kemp | Reuters

COLUMN-Hedge funds bet cautiously on even higher oil prices: Kemp | Reuters:Hedge funds added more bullish positions in crude and fuels in the most recent week in the expectation that positive trade talks between the United States and China would keep the global economy expanding.Saudi Arabia’s substantial output cuts and U.S. sanctions on Iran and Venezuela also are restricting crude supplies and helping eliminate a previously expected surplus in the market in 2019.Hedge funds and other money m...
Tags: Travel, Europe, Saudi Arabia, China, Iran, United States, Venezuela, Reuters, Kemp, Rupert Neil Bumfrey


Rise of Shale Oil and OPEC Cuts Leave Supertankers Empty - Bloomberg

Rise of Shale Oil and OPEC Cuts Leave Supertankers Empty - Bloomberg:Supertankers hauling seawater across the Atlantic? That's just one of the odder results of the U.S. shale boom.Crude oil has always flowed backwards and forwards across the world’s oceans. A typical voyage by one of the global fleet of around 750 of the giant ships currently in service might see it haul Middle Eastern exports across the Atlantic to a refinery on the U.S. Gulf coast, then pick up a cargo from Venezuela for deliv...
Tags: Travel, China, India, Opec, Bloomberg, Iran, Atlantic, Venezuela, U S Gulf Coast, Rupert Neil Bumfrey, Persian Gulf Vessels


How Flight Attendants Avoid Kidnappings in Venezuela and Cabin Crew Satisfaction Scores

A roundup of the most important stories of the day. I keep you up to date on the most interesting writings I find on other sites – the latest news and tips. Continue reading How Flight Attendants Avoid Kidnappings in Venezuela and Cabin Crew Satisfaction Scores...
Tags: Travel, Advice, Venezuela



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