Doyla B Johnston

April 11, 2024

News updates from November 30: Global stocks record best month in 3 years on rate cut hopes, US oil production rises to fresh record

Opec+ agrees deal to cut additional 1mn b/d of oil production

November 30, 2023

FT Live

Energy Transition Summit

Delivering a stable and efficient clean energy system

Oil

Opec+ now controls barely half of oil market, says IEA

...The IEA now expects oil demand growth to tumble from a year-on-year rate of 2.8mn b/d in the third quarter of 2023 to 1.9mn b/d in this quarter....

December 14, 2023

News updates from December 14: BoE and ECB hold rates steady, ECB’s Lagarde pushes back against rate cuts expectations

Global oil demand growth slows ‘drastically’, says IEA

...This is higher than the 1.1mn b/d forecast for demand growth, which is weighed down by a slowing economy and the end of the post-Covid rebound in consumption....

December 14, 2023

Opec

Opec+ production cuts leave oil market sceptical

...cut by 211,000 b/d and 135,000 b/d respectively....

November 30, 2023

International Energy Agency

IEA warns energy companies against banking on strong oil demand

...Oil demand rose above 100mn b/d for the first time in 2019....

October 24, 2023

FT Live

Energy Transition Summit India

Delivering clean energy to capitalise on green opportunities

Chevron Corp

Chevron to buy US oil producer Hess for $53bn

...Wood Mackenzie forecasts peak production of 1.5mn b/d of production by 2033 — more than that of many Opec countries....

October 23, 2023

Oil

Oil jumps above $90 on concerns over escalation in Israel-Hamas war

...It expects demand to increase by 880,000 barrels a day in 2024, compared with a 2.3mn b/d increase in 2023. Additional reporting by Jamie Smyth in New York...

October 13, 2023

HTSI

Introducing Vivobarefoot’s compostable shoe

...In 2012, Clark and his cousin Galahad founded Vivobarefoot, a footwear brand (certified B Corp) developing design solutions to tackle these issues....

March 11, 2024

EU economy

EU payment rules shake-up will prompt price rises, retailers warn

...But Kingfisher, the UK-listed owner of British home improvement store B&Q and European DIY stores Castorama and Brico Dépôt, said the 30-day limit proposed by the European Commission this month would lead...

October 1, 2023

Chevron Corp

‘Jewel in the crown’: Chevron follows Exxon to Guyana’s oil riches

...The unusually fast ramp-up could push production to 1.2mn b/d by 2027 — equivalent to about a third of Exxon’s current daily production....

October 29, 2023

Container shipping

US-led coalition to create safe corridor in Red Sea as ship diversions mount

...About 7mn barrels a day of crude oil and refined products flow through the Bab-el-Mandeb strait but the route has become vital for Russia to export to Asia with 4mn b/d heading south, according to Kpler...

December 20, 2023

Markets InsightDavid Sheppard

Opec+ is not on board with Saudi Arabia’s ‘whatever it takes’ message

...Rory Johnston at consultancy Commodity Context said traders remained “sceptical of the producer group’s capacity to manage this market”....

June 5, 2023

News in-depthSilicon Valley Bank

Project Yeti: How HSBC bought Silicon Valley Bank UK for £1

...Working on a plan B, government officials, regulators, UK Finance and executives at the state-owned British Business Bank focused on ways to provide a lifeline to companies, through state loan guarantees...

March 13, 2023

Energy Source

Is the oil price bounce on? Premium

...Goldman Sachs cited banking stress, recession fears, and surging volatility as it slashed its Brent price forecast for 2023 by $7/b, to $85/b....

March 28, 2023

FT Live

Hydrogen Summit

Scaling a hydrogen ecosystem to achieve net-zero goals

US economy

Americans watch their spending as they burn through pandemic savings

...With household balance sheets generally “in pretty solid shape”, consumers “have money but they’re nervous”, Hugh Johnston, chief financial officer of PepsiCo, told the Financial Times....

February 11, 2023

FT SeriesFestive food and drink special 2022

The best Christmas presents for everyone on your list

...at brownsfashion.com Linen embroidered placemat, set of two, £74, HMA decor for the Hambledon at thehambledon.com Handmade Murano glass ‘Cosimo’ coupe glasses (set of two), £210, Campbell-Rey x Laguna B...

November 19, 2022

Kingfisher PLC

Kingfisher bets DIY boom to continue as it makes record profits

...It launched its first ecommerce marketplace on B&Q’s diy.com, in March, which will offer 100,000 home improvement products over the next six months....

March 22, 2022

Travel & leisure industry

UK gyms exercise caution as Omicron dampens new year hopes

...This follows a choppy December when the UK gym sector, worth £4.5bn in 2019, lost £200m in revenue following the introduction of Plan B measures, according to ukactive, an industry association....

January 7, 2022

News updates from November 11: UK growth beats expectations, Upper Austria announces lockdown for unvaccinated, Mexico’s central bank raises rates

B&M strikes positive note on Christmas stock despite profits slide

...B&M is well positioned to tackle supply challenges and inflationary pressures in the second half of the financial year, he added....

November 11, 2021

On Wall StreetDavid Sheppard

The world must brace itself for a further surge in oil prices

...Saudi Arabia’s production is approaching 11mn b/d after agreeing to slightly accelerate output increases....

June 10, 2022

Oil

Oil prices drop more than 10% as virus variant threatens blow to demand

...But news of the B.1.1.529 Sars-Cov-2 variant, first identified in Botswana, has now overwhelmed sentiment....

November 26, 2021

Travel & leisure industry

Airline shares tumble as new Covid variant triggers travel restrictions

...Additional reporting by Ian Johnston...

November 26, 2021

UK economy

Hospitality bosses say Sunak’s £1bn support package falls short

...Additional reporting by Ian Johnston in London...

December 21, 2021

The complete guide to a flawless complexion

The best new beauty products for summer

...The formula, from the B Corps-certified beauty brand, is as good as its liquid counterparts but comes with just paper wrapping....

July 14, 2021

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