Hints and tips:
...Brent crude, the international benchmark, fell 3 per cent to $87.37 a barrel on Wednesday....
...The IEA now predicts that oil demand will increase by 1.2mn barrels per day (b/d) this year, a 130,000 b/d reduction on its previous monthly forecast....
...In legal filings to a Miami court, the lenders to Byju’s claim that in mid-2022 the tech group wired the money to Camshaft Capital, which opened in 2020 and registered a branch of the IHOP pancake chain...
...cut by 211,000 b/d and 135,000 b/d respectively....
...When Democrats were in the White House — starting with Franklin D Roosevelt and then under John F Kennedy, Lyndon B Johnson, Bill Clinton, and even Barack Obama — they favoured internationalist policies,...
...At present, Saudi Arabia produces about 9mn b/d, compared with a maximum of about 12mn 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....
...At new wells in the Permian, average oil production per drilling rig has increased to 1,319 b/d. A decade ago the figure was about 183 b/d....
...Analysts estimate Opec+ has about 6mn b/d of spare capacity it can unleash on to global markets to lower prices if they spike into the triple digits to prevent demand destruction....
...Its output has been reduced from about 10.5mn b/d in April to about 9mn b/d, through a combination of Opec+ mandated production targets and its voluntary cuts....
...Every additional further mile a house was from one reduced its value by around £22,000....
...There is momo, of course. There’s thali: six small bowls on a silver tray, including a lentil daal, a perfect vegetable curry and a house-made radish cucumber pickle that I miss daily....
...The reduction will lower Saudi Arabia’s output to 9mn b/d in July, and comes in addition to a voluntary 500,000 b/d cut announced by the kingdom in April, when its output was around 10.5mn b/d....
...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....
...And it wasn’t just any house Baldwin lived in, but a prime property on the Côte d’Azur with lush gardens and views of the Mediterranean....
...and top energy official Alexander Novak said Moscow would also make a “voluntary” supply cut of an additional 500,000 b/d next month....
...At the age of 25, the artist was moving away from his rose period, but had not yet embarked on Cubist classics such as “Les Demoiselles d’Avignon”....
..., when Opec+ last announced a formal production cut of 2mn b/d....
...In Europe, falling house prices are hurting. One of the casualties is Swedish property company SBB, which borrowed heavily during a local boom. Fitch downgraded the company to B- this week....
...The average house price now stands at £288,000, down £3,000 from a year ago....
...You would think it was part of a script from a budget B-movie if it wasn’t so true”....
...The move by Riyadh and Moscow to prop up prices has been surprisingly effective, removing 1.3mn b/d from the market, most likely until the end of the year....
...They drew on other evidence in their ruling, including that they’d been shown evidence that Rwanda could not be trusted to respect its commitments to international law and international treaties....
...There’s a lot of companies in the double-B category that were downgrades from triple-B. They’re better companies. It’s a different high-yield than, say, 10 years ago ....
...She had been holding on to a dream, which began when she experienced B&Bs in the UK, to open a guesthouse of her own....
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