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...The price Russia is getting for its oil is still below Brent, the crude benchmark which averaged $89 a barrel in October....
...Many groups, including JPMorgan Chase and Société Générale, expect oil prices to hover around $90 in their base cases....
...“As a result of this complex bribery scheme, Gunvor obtained hundreds of millions of dollars in illicit profits,” said the DoJ’s Brent Wible....
...“In that case, everyone is a winner.”...
...That case for stronger US production is confirmed by other indicators within the survey....
...“The US is its own special case with very loose fiscal policy and now tight monetary policy, which is a recipe for a stronger dollar,” said Quentin Fitzsimmons, a senior portfolio manager at T Rowe Price...
...In the case of BP, it hasn’t....
...UBS’s base case is still for two cuts this year, because of Powell’s comments....
...The consultancy expects Brent, the global benchmark, to average $85.90 a barrel for 2024....
...In this case, it was Looney’s lack of frankness in disclosing past relationships with employees. In mitigation, Auchincloss did take over Looney’s duties quickly....
...That will not be the case for Oxy. Its offer consists of $9.1bn cash and $1.7bn of new shares. It will also be assuming $1.2bn of CrownRock’s debt....
...After an initial spike in Brent crude prices to more than $90 a barrel at the outset of current hostilities, prices have dropped below $80 a barrel....
...The group are due to appear in court on Tuesday.Chouraqui appeared on a panel at the conference with Brent Wible, a senior official at the US Department of Justice....
...But there had been signs, such as the 25 per cent increase in oil prices since May, which had taken the benchmark Brent crude near $95 a barrel, that not all inflationary pressures were easing....
...In this case it was Looney’s lack of frankness in disclosing past relationships with employees. In mitigation, Auchincloss did take over Looney’s duties quickly....
...Or clients agree to reverse them, as in the case above. But the likes of you and me are stuck with our plus-sized errors....
...Colleagues at the Kiln theatre in Brent, where Rubasingham has been director since 2012, have joined with commentators in describing her as inspiring, compassionate, risk-taking, visionary and — crucially...
...The latest rally in crude oil prices, with Brent crude up more than 20 per cent since late June, came on the back of resilient demand but, perhaps more important, an increased sense that supply would stay...
...Benchmark Brent prices fell more than 3 per cent to about $87 a barrel on Monday, having exceeded $89 after the outbreak of the latest conflict....
...For the most part, no: the bear case outlined by Citi’s Ed Morse in this newsletter some weeks ago remains intact....
...He argued that the “jury was out” on the strength of the world economy, implying Saudi Arabia had to pre-emptively manage supply in case global growth slows....
...Allow me a third case study, in the form of Burning Man. People chuckled when the festival was rained-out a few weeks ago, and with reason....
...Brent crude, the international benchmark, extended gains into a fourth successive trading session, rising above $95 for the first time since November....
...US hiring is expected to have slowed again in September, which could help make the case for the Federal Reserve continuing to keep interest rates on pause....
...Similar too for its delivery kitchens in Wood Green, Whitechapel (not far from the Chicken Shop Mile), and Brent Cross....
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