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...Bengdara said his aim was to lift production to 2mn b/d over three to five years, as he pledged to review Libya’s fiscal regime to attract more foreign investment....
...No mention of the B-word, then....
...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....
...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....
...Before the incident, Exxon pumped 45,000 barrels a day out of the country; afterwards it dropped to 15,000 b/d....
...Skydance, a production company founded and run by David Ellison, is in negotiations with media mogul Shari Redstone to acquire National Amusements (NAI), a privately held cinema company that controls 77...
...Retail week, part I: Home Depot (and the retail sales report) The first leg of this week’s Home Depot/Target/Walmart results trifecta is in....
...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?...
...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....
...of national champions like TSMC and Taiwan or Samsung in South Korea....
...After a month, she discharged herself. “If I’d been closer to home where I could see my fiancé, see the dog, see some friends it would have made a big difference,” she says....
...In 2023, however, oil demand is on track to average 102.2mn b/d — its highest ever annual level, according to the IEA....
...But 18 other big companies attending COP28 got a grade of “D-minus” or worse....
...You can imagine her shock when she discovered a contact she’d met in Westminster was later accused of spying for China....
...In the same area, 42 per cent of properties for sale on Rightmove in August had had their asking price reduced, compared with a national average of 36 per cent....
...S&P downgraded it more than a decade ago in 2011. In part this was a response to political brinkmanship over the US debt ceiling. That problem is as alive today as it was then....
...And we're going to replace an old two-lane highway from point A to point B with a major four-lane interstate highway up there. So we'll be able to move a lot more electrons....
...The unusually fast ramp-up could push production to 1.2mn b/d by 2027 — equivalent to about a third of Exxon’s current daily production....
...And I'd love to think that wasn't the case....
...A block known as 43-ITT produces 55,000 barrels a day of oil — about 12 per cent of the country’s total of 480,000 b/d — according to national oil company Petroecuador....
...In total, the group will now produce almost 6mn b/d less than it could in the first quarter of 2024....
...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....
...And you did get some people in focus groups say, well, the town centre’s a bit better. We’ve had a bit of investment. But it’s . . ....
...South Korean chipmakers are heavily reliant on their Chinese plants for a substantial part of their D-Ram and Nand flash memory chip production....
...Specifically, American fears of a Chinese threat to national security....
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