Oil Declines as Trump-Putin Talks Raise Specter of More Supply
Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion
New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis
Three Deaths Reported as NYC Legionnaires' Outbreak Spreads
A New Stage for the Theater That Gave America Shakespeare in the Park
Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms
Brent traded near $66 a barrel, after sliding 4.4% last week, while West Texas Intermediate was above $63. President Donald Trump didn't reveal additional sanctions on Russia, or tariffs on buyers of its energy, as he announced the summit in Alaska, despite having declared an Aug. 8 deadline for the Kremlin to agree to a ceasefire.
US and Russian officials are working toward an agreement that would lock in Moscow's occupation of territory seized during its military invasion, according to people familiar with the matter. The US is working to get buy-in from Ukraine and its European allies on the deal, which is far from certain, they said.
Oil has lost more than 10% this year as OPEC+ brings back production faster than initially planned, bringing to an end curbs made in 2023, even as slowing economic growth threatens to cut consumption. A peace deal with Ukraine could see an end to sanctions on supply from Russia, potentially exacerbating a glut forecast for later in the year.
'Crafting an agreement is going to be extremely difficult,' said Robert Rennie, head of commodity and carbon research at Westpac Banking Corp. 'Assuming we can eventually resolve this situation, the path for Brent is down below $65 with risks we may see sub-$60' late in the fourth quarter, he said.
Investors may get further insight into the supply-demand balance later this week, with the Organization of the Petroleum Exporting Countries set to release its monthly market analysis and the US Energy Information Administration its Short-Term Energy Outlook on Tuesday. The International Energy Agency is due to publish its monthly report on Wednesday.
Meanwhile, Ukraine said it made a successful drone strike early Sunday on a major refinery in the Saratov region, the latest in a series of attacks this month on Russian oil facilities.
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Beneath Trump's China truce, a race to find pressure points in high stakes game of ‘3D chess'
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Business Insider
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"I almost got an ulcer the last time," she told The Guardian in October 2023. "If he gets in, who knows? This time I will leave [the country]." However, as of publication, it doesn't appear that Cher has relocated. Reps for Cher did not reply to a request for comment. Laverne Cox Days after the 2024 presidential election, "Orange Is the New Black" star Laverne Cox appeared on the podcast " Just for Variety" and spoke about the impact the results would have on the transgender community. Cox said that she and some friends were considering moving, but no plans have been solidified yet. "We're doing research on different cities in Europe and in the Caribbean," Cox said. "I don't want to be in too much fear, but I'm scared," the actor added. "As a public figure, with all my privilege, I'm scared, and I'm particularly scared because I'm a public figure. I feel like I could be targeted." Lena Dunham At the 2016 Matrix Awards, "Girls" actor Lena Dunham said that she was serious about moving if Trump won the election. "I know a lot of people have been threatening to do this, but I really will," Dunham said. "I know a lovely place in Vancouver and I can get my work done from there." But after the election results, Dunham changed her mind. "I can survive staying in this country, MY country, to fight and live and use my embarrassment of blessings to do what's right," she wrote in part in a note shared on Instagram. "It's easy to joke about moving to Canada," she added. "It's harder to see, and to love, the people who fill your mailbox with hate. It's harder to see what needs to be done and do it. It's harder to live, fully and painfully aware of the injustice surrounding us, to cherish and fear your country all at once. But I'm willing to try. Will you try with me?" Dunham did eventually leave her home in New York and moved to London. However, in an interview with the New Yorker published in July 2024, the actor said the move was prompted by work opportunities.
