Hints and tips:
...and 360,000 b/d in 2025....
...Before the incident, Exxon pumped 45,000 barrels a day out of the country; afterwards it dropped to 15,000 b/d....
...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....
...Some investors are now privately warning about an “enormous misallocation of capital” across the industry....
...(b) Returns implied by the stock market equal only est. half of Citi’s target. For those looking for a “margin of safety” for an investment—we believe Citi looks like a stock to own....
...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....
...“The risk rally has further legs to go if you consider there is a lot of cash on the sidelines that can be deployed,” he said, with safety-first money market funds attracting nearly $2tn last year, pushing...
...You’d need a 40 per cent default rate and 40 cent [on the dollar] recoveries to blow through 50 per cent of the capital structure....
...The state-run oil producer said the energy ministry had ordered the move which would have increased its daily output from 12mn barrels a day to 13mn b/d by 2027....
...services industry....
...Hypothetically, if (let me say again: if) these losses were taken out of capital, it would move the industry’s tier one equity ratio from 10.9 per cent to 7.4 per cent. That’s a lot....
...In total, the group will now produce almost 6mn b/d less than it could in the first quarter of 2024....
...Iraq will reduce crude production by 211,000 b/d, the United Arab Emirates by 144,000 b/d, Kuwait by 128,000 b/d, Kazakhstan by 78,000 b/d, Algeria by 48,000 b/d and Oman by 40,000 b/d, according to statements...
...So the nation’s culinary capital is indeed back, and more delicious than ever....
...As DB’s George Saravelos said this AM: . . . taking a step back, the Fed’s new Bank Term Funding Program can be interpreted as re-establishing a temporary QE program by offering to absorb UST and MBS from...
...A version of this article was first published by Nikkei Asia on May 25 2023. ©2023 Nikkei Inc. All rights reserved....
...The City of London Corporation has launched a “sweeping review” of UK financial services regulation, while the London Stock Exchange launched a UK Capital Markets Industry Taskforce to “maximise the impact...
...Exports to Europe had already risen to 950,000 barrels per day in September from 190,000 b/d a year earlier, he said, adding that Saudi Arabia was in talks with “many” European governments, including Germany...
...what industry calls Brexit 2.0....
...S&P Global Commodity Insights predicts the 2022 Atlantic Hurricane season, which ends in November, will curtail 75,000 b/d of Gulf output, down from 100,000 b/d last year....
...As Bell puts it: “There is no appetite to dig deep in a series B [round] where investors pony up $200mn in $50mn lots to do the clinical trials, to show a device works....
...The funds have primarily purchased Berkshire’s class B stock, which carries fractional economic and voting rights compared with A shares....
...Farhana Yamin The main culprits are the USA, and currently Australia also has not paid....
...A version of this article was first published by Nikkei Asia on December 7 2022. ©2022 Nikkei Inc....
...The number of rigs in operation has picked up in recent months, led largely by private companies, but oil output of 11.8mn barrels a day remains well below the 13mn b/d peak from before the pandemic....
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