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...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....
...Henry Foy Thanks a lot, Marc. [MUSIC PLAYING] Marc Filippino Sources tell the FT that US insurance giants Cigna and Humana are considering a merger....
...Before the incident, Exxon pumped 45,000 barrels a day out of the country; afterwards it dropped to 15,000 b/d....
...OK, but not yet, says the FCDO: This information is exempt from disclosure under Section 22 (1) (a, b and c) of the FOIA (2000)....
...Biden’s foreign policy merits “a B or a B+”. Nye argues Biden was too old in 2020 and is making “a mistake” by running for re-election....
...critical temperature benchmarks and a backlash from voters and parts of business....
...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....
...In total, the group will now produce almost 6mn b/d less than it could in the first quarter of 2024....
...Need to know: business Spain said it would buy up to 10 per cent of shares in telecoms group Telefónica, a national champion with businesses in security and defence....
...Konstantine Arkoudas There was just one business professor who tested ChatGPT on five exam questions from his course and concluded that the answers would get a B minus to be great....
...Transport is a constraint. There is just 300,000 b/d of spare capacity on the ESPO pipeline to Asia, and just 200,000 b/d by rail, says Rystad Energy....
...As a result, it would probably not be able to find buyers for 2-2.5mn b/d. A loss of 2.5 per cent of the world’s supply would be a difficult but not impossible task....
...The country is on edge amid rumours of a possible military coup or an election postponement....
...After the JCPOA was implemented in 2016, Iran’s runaway inflation dropped to single figures, its crude exports rose from 1.4m barrels a day to 2.1m b/d the following year and western companies eyed investment...
...FT commenter The Dubliner: Do you think will the interesting example of self-regulation by Facebook, the Oversight Board, (a) work and (b) be copied by other tech firms?...
...European refiners have a chance to meet this demand. Wood Mackenzie says that with the opening of this arbitrage window, gasoline shipments across the Atlantic could increase by 500,000 b/d....
...Business is booming at Kingfisher as the nation turns to DIY to get through lockdown, with the B&Q and Castorama owner’s third-quarter update beating market expectations....
...For Sue Lee, who runs a B&B next to the village hall, the lack of connectivity has cost her business....
...Output bottomed out at 9.7m b/d in June but has since risen to 10.9m b/d....
...Even at $35 a barrel, output would end up 3m b/d lower, said Mr Sheffield....
...UK recovery will be slower than peers: (a) larger service sector: (b) weakness of business investment: (c) lack of clear social distance messaging....
...US President Donald Trump tweeted on Monday that the cut would be closer to 20m b/d, “not the 10 Million that is generally being reported”....
...Excellent R&D capabilities with a leading focus on helmet liner and retention systems and impact protection capabilities. 2019 Revenues of $44.2m, (61% in the US, 39% ROW) (81% Military, 19% First Responder...
...Our usage has jumped 62 per cent over the course of a few decades — up from 61.6 million b/d in 1986....
...The organic growth decline is similar to 2009 but we assume a more muted margin impact of 200 b.p’s vs 300 b.p.s’ – this reflects WPP has anticipated the slowdown & the likely availability of some Government...
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