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...d this year and 1.8mn b/d in 2025....
...The company produced an average of 10.7mn b/d of crude oil and other liquids last year, down from 11.5mn b/d in 2022....
...And yes, they’d be right. A PIK note tends to give the issuer options....
...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...
...No mention of the B-word, then....
...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 owner of B&Q and Screwfix has sounded the alarm on profits for the second time in just over two months, blaming sluggish sales and warmer weather in France....
...“They have 3mn b/d of spare capacity now so what is the rush of increasing production capacity to 13mn b/d.”...
...Helped by October’s temporary lifting of sanctions and increases in Chevron’s oil joint venture, Venezuela has boosted crude production to an average of just over 800,000 b/d in the first quarter of this...
...The IEA added that record output from the US, Brazil, Guyana and Canada would help boost global supply this year by 1.5mn b/d to a record 103.5mn b/d....
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
...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 company, which owns B&Q in the UK and Castorama in France, expects pre-tax profit to be £30mn lower than previously forecast for 2023-24, at £560mn....
...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....
...Saudi Arabia’s energy ministry on Tuesday asked the state oil company Saudi Aramco to halt a planned 1mn barrels per day expansion in oil production to 13mn b/d. This had been due by 2027....
...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....
...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....
...It noted that record supply from the US and rising output from producers such as Guyana and Brazil would increase oil supplied by non-Opec countries by 1.2mn b/d in 2024 — more than the 1.1mn b/d forecast...
...In the middle, a tangle of financial plumbing makes that happen. The fintech assault has so far succeeded at the start of that chain, helping merchants take payments more cheaply and easily....
...WhatsApp to Stephen: I know he wants to show the company is forward thinking but it wasn’t forward thinking enough to stave off net outflows from their funds and a fall in profits....
...The figures top the 12.9mn b/d estimated in 2023 — itself a record, surpassing levels reached before the Covid-19 pandemic....
...It produced 1.16mn b/d in the US in the quarter versus 895,000 b/d previously, boosted in part by its acquisition of PDC Energy....
...Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...The Apple car joins Facebook’s phone, Microsoft’s fitness tracker and Amazon’s second headquarters as a dashed company dream that will not be missed....
...Reddit as just another second-tier social media company Yesterday I argued, roughly, that trying to value internet platform companies such as Reddit was a futile attempt to impose order on a chaotic and...
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