Hints and tips:
Related Special Reports
...When we put prices out we found it difficult to sign these agreements,” he said, adding that the current price compared to a $200-$400 barrel of oil....
...But prices fell back in the wake of the Iranian attack, as traders bet that supplies from the region would not be disrupted....
...d this year and 1.8mn b/d in 2025....
...No mention of the B-word, then....
...attempt to prop up prices....
...“Oil prices are a lot more stable . . . but they want to ensure the stability continues,” she said. Saudi Arabia has shouldered most of the curbs, having cut its production by 1mn b/d since July....
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...In Russia and Saudi Arabia alone about 4mn b/d exists. That is not far from decade highs, on Citi’s data. That potential world supply will act as a cap on prices for at least the coming year....
...US production rose by roughly 1.5mn b/d to a record 13.5mn b/d in 2023 while that of Iran increased to an average of roughly 3.9mn b/d from about 3mn b/d a year earlier, said Claudio Galimberti, North America...
...That is in line with current market expectations given that a default at Kemble earlier this month sent the price of a second-ranking “Class B” bond plunging to little over half of its face value....
...“They have 3mn b/d of spare capacity now so what is the rush of increasing production capacity to 13mn b/d.”...
...Mindful of the risk that fresh sanctions on Venezuela might push up oil prices in a US election year, Washington will allow US major Chevron to continue a joint venture with Venezuela’s national oil company...
...However, the year’s costs from ongoing court action against the group — which is still facing claims from Prince Harry as well as celebrities such as the actor Hugh Grant — fell from £128mn the year before...
...The IEA added that record output from the US, Brazil, Guyana and Canada would help boost global supply this year by 1.5mn b/d to a record 103.5mn 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....
...Now the US produces almost 20mn b/d of petroleum, roughly on par with consumption. Imports from the Gulf have plummeted, and the US became a net oil exporter for the first time in 2019....
...“It’s the first time we have put all our eggs in one basket and brought just one artist to Maastricht,” says owner-director Hugh Gibson, whose gallery has shown at the fair since 2006....
...The nimble speeds that Suzuki set for the “Sanctus” from Bach’s B Minor Mass, a bonus at the start of the second concert, put the Choir of the Age of Enlightenment through its paces, and its mostly young...
...But its efforts to support prices above $80 a barrel have been hindered by production by non-members....
...JPMorgan Asset Management, as data showed on Wednesday that consumer price growth slowed to 4.6 per cent, while core inflation, which strips out volatile food and energy prices, edged down to 5.7 per cent...
...Fitch Ratings downgraded Vanke in October from triple B plus to triple B, citing weaker than expected sales....
...It produced 1.16mn b/d in the US in the quarter versus 895,000 b/d previously, boosted in part by its acquisition of PDC Energy....
...The £1.3bn of so-called class B debt, which is still inside the ringfence but has a lower-ranking claim on the company’s cash flows, could be hit with even deeper 35-40 per cent impairments....
...cut by 211,000 b/d and 135,000 b/d respectively....
...During the week, Davey faced questions over a decision to largely expunge the “B-word” from the party’s pre-manifesto policy documents while at conference itself the ‘what to do about Brexit’ discussions...
International Edition