Hints and tips:
...“The companies’ management teams have an obligation to ask if the Biosecure Act gets approved what is their plan B?”...
...The IEA now expects oil demand growth to tumble from a year-on-year rate of 2.8mn b/d in the third quarter of 2023 to 1.9mn b/d in this quarter....
...This is higher than the 1.1mn b/d forecast for demand growth, which is weighed down by a slowing economy and the end of the post-Covid rebound in consumption....
...cut by 211,000 b/d and 135,000 b/d respectively....
...Oil demand rose above 100mn b/d for the first time in 2019....
...Wood Mackenzie forecasts peak production of 1.5mn b/d of production by 2033 — more than that of many Opec countries....
...It expects demand to increase by 880,000 barrels a day in 2024, compared with a 2.3mn b/d increase in 2023. Additional reporting by Jamie Smyth in New York...
...In 2012, Clark and his cousin Galahad founded Vivobarefoot, a footwear brand (certified B Corp) developing design solutions to tackle these issues....
...But Kingfisher, the UK-listed owner of British home improvement store B&Q and European DIY stores Castorama and Brico Dépôt, said the 30-day limit proposed by the European Commission this month would lead...
...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....
...About 7mn barrels a day of crude oil and refined products flow through the Bab-el-Mandeb strait but the route has become vital for Russia to export to Asia with 4mn b/d heading south, according to Kpler...
...Rory Johnston at consultancy Commodity Context said traders remained “sceptical of the producer group’s capacity to manage this market”....
...Working on a plan B, government officials, regulators, UK Finance and executives at the state-owned British Business Bank focused on ways to provide a lifeline to companies, through state loan guarantees...
...Goldman Sachs cited banking stress, recession fears, and surging volatility as it slashed its Brent price forecast for 2023 by $7/b, to $85/b....
...at brownsfashion.com Linen embroidered placemat, set of two, £74, HMA decor for the Hambledon at thehambledon.com Handmade Murano glass ‘Cosimo’ coupe glasses (set of two), £210, Campbell-Rey x Laguna B...
...With household balance sheets generally “in pretty solid shape”, consumers “have money but they’re nervous”, Hugh Johnston, chief financial officer of PepsiCo, told the Financial Times....
...It launched its first ecommerce marketplace on B&Q’s diy.com, in March, which will offer 100,000 home improvement products over the next six months....
...This follows a choppy December when the UK gym sector, worth £4.5bn in 2019, lost £200m in revenue following the introduction of Plan B measures, according to ukactive, an industry association....
...B&M is well positioned to tackle supply challenges and inflationary pressures in the second half of the financial year, he added....
...Saudi Arabia’s production is approaching 11mn b/d after agreeing to slightly accelerate output increases....
...But news of the B.1.1.529 Sars-Cov-2 variant, first identified in Botswana, has now overwhelmed sentiment....
...Additional reporting by Ian Johnston...
...Additional reporting by Ian Johnston in London...
...The formula, from the B Corps-certified beauty brand, is as good as its liquid counterparts but comes with just paper wrapping....
International Edition