Hints and tips:
...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....
...Restaurant and gift store chain Cracker Barrel Old Country Store and video arcade and restaurant chain Dave & Buster’s are also due to report earnings before the market opens....
...Same-store sales rose 7.6 per cent in the third quarter; a bit less than half of that came from price increases. That’s good growth, but a lot slower than 2021....
...When Kabul fell, these friends returned the favour and sent me a parcel of cheese and crackers, honey, a hot-water bottle and lots of amazing things. It kept me going....
...The two parts to be shut, which are both 70 years old, are a 65,000 b/d crude distillation unit and a 25,000 b/d fluid catalytic cracker used in the making of petrol....
...4m b/d from its peak....
...Saudi Arabia has boosted its oil output by more than 20 per cent in the past month and says it is now producing above 12m b/d. Russian output is more than 11m b/d....
...Cracker Barrel, the US casual dining chain known for its hearty meals and country-themed gift stores, is set to serve up its worst day in almost seven years after it lowered its restaurant sales growth forecast...
...Cracker Barrel doesn’t sell alcohol, but it does offer 1950s style heartland foods like chicken and dumplings, or country fried steak for little more than the price of a fast food dinner....
...Mr Trump, meanwhile, won 76 per cent of counties with a Cracker Barrel, a chain restaurant that specialises in $10 country fried steak and nostalgia....
...However, the EIA showed different scenarios as possible outcomes, ranging from a high output case with US production going over 20m barrels a day by 2040, to a low case with a peak at just under 13m b/d...
...We used to be a strong country. We are still a strong country.” As I go, Martin is mulling over refurbishments with the manager, warming to the idea of reviving the Elephant....
...IHS Markit believes electric vehicles only reduced about 50,000 barrels a day of oil demand last year out of a near-100m b/d market....
...(US exports of crude oil and petroleum products climbed more than 1.7m b/d between December 2016 and December 2017 to a record 7.3m b/d.)...
...The agency revised lower its assumption for 2018 oil consumption growth to 1.4m barrels a day — from a prior estimate of 1.5m b/d — with total demand expected at 99.2m b/d....
...The 800,000 b/d that BP is planning to bring on stream between 2016 and 2020 is expected by the company to deliver an average cash margin 35 per cent higher than previous output....
...Kingfisher, the Anglo-French DIY retailer has just reported half year results, so this morning’s Opening Quote is brought to readers in both countries by Google Translate and distant memories of the old...
...The shipment kicked off a nascent trade in US crude to several countries....
...The country is on the cusp of large-scale exports of liquefied natural gas, its oil refineries are sending out millions of barrels of fuel each day and Congress is debating whether to abolish 40-year-old...
...home of Korean “Bar-B-Q”....
...Through these avenues, US oil exports earlier this year rose as high as 600,000 b/d — more than the output of Ecuador, an Opec member....
...From a year-on-year figure of 2.2m b/d at the start of 2015, it has slowed to 300,000 b/d in November, according to the International Energy Agency....
...Sanctions have taken a heavy toll on output. Crude production capacity has dropped to about 2.8m b/d, from 3.6m b/d in 2011. Natural gas output slowed to 5.7 tcf in 2013....
...US exports of processed condensate reached 126,000 b/d in June, from zero a year before, according to Clipper Data....
...for a surplus of oil estimated at 2m barrels a day....
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