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...“We see nuclear power as an important part of the energy transition,” says Brent Wanner, head of the power sector unit at the IEA....
...“The share of firms with abnormally large increases in the majority of their costs doubled since the second quarter of last year, from 26 per cent to more than 52 per cent,” said Atlanta Fed economist Brent...
...Brent Bracelin, of Piper Sandler, on the Salesforce May 2023 call. On the retention commentary: “I just want to double-click on that retention commentary you said.”...
...This is in order to have any hope of meeting the climate change targets in the 2015 Paris Agreement: to keep global average temperatures to no more than 1.5-2°C above pre-industrial levels....
...This is consistent with our tracking of oil fundamentals, with an estimated global c.1 mb/d deficit in June, with China back to drawing inventories as well. [ . . . ] While the odds of a recession are indeed...
...For its 50 per cent non-operated stake in the Sunrise oil sands project, BP will receive C$600mn ($466mn US) with up to a further C$600mn in payments over the next two years....
...That renders 37 per cent probabilities for A and B, and 13 per cent for C and D....
...Crude truths Do you know your Druzhba from your Adria, and can you tell a barrel of Urals blend from Brent?...
...Brent crude, the international benchmark, was 4.5 per cent lower at $109.55 a barrel. Thanks for reading FirstFT Americas....
...But at an eye-watering C$75bn ($50bn) price tag for the project, the companies also want Alberta’s provincial government to help....
...Brent crude futures, the international benchmark, slid 79 cents to $103.92 a barrel, after dropping 5.6 per cent on Thursday....
...The price for Brent crude, the international oil benchmark, was up 1.3 per cent to $87.63 a barrel, the highest since October 2014....
...A four-month-long rally in crude prices stalled last week, but Brent, the international benchmark, remains above $60 a barrel, up over 60 per cent since the start of November....
...Dr Brent Pawlecki, chief health officer at Goodyear, the tyre company, says his experience in a similar role at Pitney Bowes in New York during the September 11 terrorist attacks in 2001 taught him that...
...Brent is unlikely to average much more than $40 a barrel this year....
...FY21 EBITDA forecasts (c.£850m), back to c.90% of pre-COVID levels, already appear more realistic....
...Shell has amended the next three years (Brent USD35/bbl in 2020, USD40/bbl in 2021, USD50/bbl in 2022) but kept Brent USD60/bbl long-term unchanged....
...We see c.$1.1B of equity value (pre-$200M of new equity) at $65/bbl Brent and $1.7B of value at $75/bbl Brent, versus a current market capitalisation of c.$500M....
...However, we believe the shares could de-rate, even with rising oil prices, due to: 1) the shares currently factoring in USD55/b Brent; 2) an aggressive consensus DPS (c1.3x HSBCe); and 3) on valuation grounds...
...Historically, significant widening in the Brent-WTI spread has benefited ICE Brent volumes over CME....
...A hash on the name means Peel Hunt’s house broker): With Brent up c.80% in two months, E&Ps are slowly shifting mind-set from survival to growth and for cash-rich companies, the opportunity set is increasing...
...Every 1% change in bad debt will impact by £82mn, or c.1.1p/share. Bad debt in 2019 was c.1.5% for residential and 0.7% for business....
...Brent crude dropped almost 17 per cent from its early January peak, before moderating that decline to 13 per cent....
...Ibstock reports brick volumes are currently c.-70% YoY and concrete c.-50%, while Forterra reports bricks and blocks currently c.-50% YoY....
...$625m) and c.$240m of pre-tax decommissioning obligations (previously c.$600m)....
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