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...d 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...
...Now the US produces almost 20mn b/d of petroleum, roughly on par with consumption. Imports from the Gulf have plummeted, and the US became a net oil exporter for the first time in 2019....
...No mention of the B-word, then....
...cash-pay; d) something else....
...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....
...of a libertarian/conservative flavour, and that (b) McKinsey is a consultancy with a strong incentive to say what its corporate clients want to hear....
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...When a courier received a receipt, all they saw was an anonymised route from A to B, alongside the number of miles and what they were paid....
...Its output has been reduced from about 10.5mn b/d in April to about 9mn b/d, through a combination of Opec+ mandated production targets and its voluntary cuts....
...“It’s like putting sharks in a fish tank . . . I am making sure no one eats each other,” he jokes. Fatemi said early rivalry within the team has settled down....
...The US, in particular, is on course to increase oil output by 1.4mn barrels a day in 2023, three times the 0.4mn b/d cut from Opec+ nations....
...(a) (of a gem) uncut, unpolished; (b) (of water) undistilled; not filtered; (c) (of alcoholic spirit) undiluted; (d) (of grain) unmalted, undried; (e) (of sewage) untreated. I.2.e....
...(b) Returns implied by the stock market equal only est. half of Citi’s target. For those looking for a “margin of safety” for an investment—we believe Citi looks like a stock to own....
...His presence was made possible by morphine and a portable oxygen tank that helped him breathe long enough to schmooze and soak up whatever accolades were on offer....
...The move by Riyadh and Moscow to prop up prices has been surprisingly effective, removing 1.3mn b/d from the market, most likely until the end of the year....
...According to the British Beauty Council, only 14 per cent of packaging makes it to a recycling plant, with many unrecyclable plastic elements (nozzles, pumps etc) sent to landfill....
...But from a risk-return point of view, is credit risk attractive right now? Rieder: I’d say it’s a B-. But it’s not a C. Why are you getting these sorts of yields in credit today?...
...So there is a huge change. I’d say that at the end of the day, it’s a change for the better. But have we come to this place where we’re ready to have an impartial, state-owned media? I don’t think so....
...and vitamin B, and unlike some animal meat products did not contain hormones....
...In 2023, however, oil demand is on track to average 102.2mn b/d — its highest ever annual level, according to the IEA....
...from the plan to pump 1.3mn tonnes of treated water into the sea over the next 30 years....
...The water was stored on site in more than 1,000 tanks, but Tepco has said there is no space to build more....
...Novak’s office said the 500,000 b/d cut would be in addition to cuts already pledged. Saudi Arabia’s own output will remain at about 9mn b/d....
...It will be hard for him to add the 1mn b/d back to the market unless the price stabilises north of $85 a barrel, compared with about $75 a barrel before the meeting....
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