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...Brent crude, the international benchmark, fell 3 per cent to $87.37 a barrel on Wednesday....
...Occasionally, he’d drive into the desert with some friends, a generator and a few instruments (including his homemade guitar) “and just make noise”....
...“The SEC is searching for a problem,” Griffin told us....
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...Performance so far in 2023 has struggled to keep up with the past few years, and even Griffin acknowledges the purple patch cannot last for ever....
...Standout performers last year included Sir Christopher Hohn’s TCI, Ken Griffin’s Citadel and Andreas Halvorsen’s Viking....
...His comments come as Brent crude trades at about $90 a barrel, up around 15 per cent this year....
...The IEA predicts oil demand will grow by 1.2mn b/d, about half the pace of 2023, while Opec believes demand growth will be higher at 2.2mn b/d....
...The move, which comes after the meeting was delayed from Sunday as Saudi Arabia pushed members to make additional production cuts, boosted Brent crude above $84 a barrel — up about 1.4 per cent on the day...
...“I could never imagine that this crazy thing would happen and that I’d have the courage to say yes, let’s do this.”...
...this year and 1.8mn b/d in 2025....
...US production rose by roughly 1.5mn b/d to a record 13.5mn b/d in 2023 while that of Iran increased to an average of roughly 3.9mn b/d from about 3mn b/d a year earlier, said Claudio Galimberti, North America...
...Analysts estimate Opec+ has about 6mn b/d of spare capacity it can unleash on to global markets to lower prices if they spike into the triple digits to prevent demand destruction....
...That sluggishness is more striking when you consider that the Brent price, adjusted for inflation, has not budged since 2005....
...“You’d have to hope that it doesn’t get disintermediated,” says Slowinski....
...I’d be happy to share our output if it would be helpful. WhatsApp to WesPete: Of course, we’d be thrilled to have you any time....
...“They have 3mn b/d of spare capacity now so what is the rush of increasing production capacity to 13mn b/d.”...
...Despite continuing uncertainty over the Red Sea, one of the world’s key oil routes, prices were broadly steady on Thursday, with benchmark Brent crude up 0.5 per cent on the day at $78.31 a barrel....
...If they donate to a super PAC, they can give as much money as they’d like....
...“We’ve now 86’d McConnell, McCarthy McDaniel....
...“The SEC is searching for a problem,” Griffin told the Financial Times. Here’s the full interview. 3....
...cut by 211,000 b/d and 135,000 b/d respectively....
...and 360,000 b/d in 2025....
...Western powers are protecting the Gulf with such assets as the US aircraft carrier Dwight D. Eisenhower....
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