Hints and tips:
...At the same time, benchmark Brent and WTI prices have fallen back from $90 a barrel in the early autumn to less than $80....
...“A Sudden Gust of Wind” (1993), a painstaking tribute to the ukiyo-e artist Hokusai’s depiction of a gale lifting away the possessions of a group of travellers, was shot on film but manipulated digitally...
...Brent crude, the international oil benchmark, rose 0.2 per cent to $76.16, with the impact of the threat to shipping limited by broader market concerns of oversupply....
...Brent crude, the international benchmark, slipped to the lowest since June, my colleagues Myles McCormick and Jamie Smyth report. In Dubai, the UN climate talks are in full swing....
...Worse was the Great Gale of 1824 — the only time when this natural sea wall had ruptured, and the swell surged through a gap....
...Even as recessionary fears in the west grow, Brent crude remains elevated at almost $100 a barrel. The market is still grappling with lower forecast supply from Russia and OPEC....
...Looking at weekly Brent prices back to 1990, the standard deviation in year-on-year prices from 1991-2012 was 0.37. In the decade since, it has been 0.38 (excluding a 10-week period for Covid)....
...Tailwinds encourage higher rates; they are the gale of persistent inflation. Not so much the dual mandate as a fool’s errand, rendered an impossible task by unforgiving circumstance. All this we know....
...Brent crude is down 29 per cent from June; copper 20 per cent. The housing market is in freefall. Manufacturing PMIs fell in both June and July....
...It looked, for a brief moment yesterday, like World Cup group E was going to deliver a perfect outcome: underdogs Japan and Costa Rica going on, and overdogs Spain and Germany going home....
...It concluded that the median energy-efficiency score for all homes built since 2012 in England and Wales was 83 (band B), compared with 59 (band E) for ones constructed before 1930, with homes built before...
...markets, e.g....
...Brent crude, the international oil marker, has risen almost 80 per cent since November as economies emerge from lockdown and a return to some form of normality edges closer....
...Oil prices tumbled on news of the breakthrough, with Brent crude, the international oil benchmark, down 2 per cent at $63.28 a barrel....
...Assuming Brent is priced at about $47 per barrel (near today’s price) Premier Oil earns a netback of $5.60 says Jefferies....
...Today her designs, inspired by her African heritage, can be found on e-commerce platforms such as Farfetch, Goop and MatchesFashion; this month she has also launched on Net-a-Porter and Browns....
...We increase our PT to £19.00 (from £12.60) reflecting a 70% 2021 P/E premium to the sector in-line with its MT top-line outperformance. H1 2020 preview....
...In addition to the fact that many Permian E&Ps have now contracted much of their volumes to Gulf Coast and international indexes (Brent, LLS, MEH), which have held up well relative to WTI, we’d also note...
...BP aims to reach a 12-14% ROACE by 2025 at $50-60//bbl 2020 real (2025 JPMe 12.3% at $60 Brent), and the company guides to a 2021-25 ‘balance point’ of c$40 Brent (in-line with JPMe)....
...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...
...WisdomTree was already forced to close its 3x Long WTI and Brent ETPs last month....
...We retain our preference for Aker BP – our only Overweight within E&Ps: With sharp cuts to capex and dividend, Aker BP has potential to generate very strong FCF even with Brent at $45/bbl....
...And of course there’s Brent: What to make of it all?...
...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...
...Oil prices are retreating, although Brent crude is holding above $40 a barrel after this weekend’s meeting of big producers....
International Edition