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...b/d, according to ING....
...Add to that a 2m b/d drop in production from US oil explorers in the second quarter of this year and the conditions were in place for the supply overhang to evaporate....
...The Institute of International Finance highlights, via this chart, how triple B-rated debt “comprise around half of the US and European corporate bond universe”....
...As noted by the International Energy Agency, non-Opec supply will accelerate from 1.9m barrels a day to 2.3m b/d next year. The other side of the coin is weaker growth sapping demand....
...In the case of the single B sector, the absence of EM&M entails a tightening of 50bp since triple C and single B traded at their narrowest spread in late-April....
...The precious metal, seen as a haven in times of geopolitical uncertainty, was buoyed after Mr Trump’s warning in his debut address to the UN general assembly that the North Korean leader was “on a suicide...
...“Assuming the US oil rig count stays at the current level, we estimate US oil production would increase by 255,000 b/d between the fourth quarter of 2016 and the fourth quarter of 2017 across the Permian...
...The precious metal has benefited from haven demand, as well as expectations monetary policy will remain accommodative. Oil prices are under a bit of pressure....
...The International Energy Agency, one of the world’s leading energy forecasters, expects oil demand to grow 1.3m b/d this year, contributing to a rebalancing of the market later in 2016....
...Saudi Arabia has since increased production to above 10m barrels a day, while Iraqi exports hit a record above 3m b/d in April....
...Global oil demand is still expected to increase to a record 89.5m barrels a day this year, though the International Energy Agency last month shaved 100,000 b/d from its forecast because of high prices and...
...The IEA is forecasting global oil demand growth of 1.2m b/d for 2011, in line with many private sector analysts who have in recent weeks revised down earlier, more bullish predictions....
...Ms Sen cut her forecast for global oil demand growth this year from 1.56m barrels a day to 1.1m b/d....
...Before the start of the civil war, Libya produced about 1.6m barrels a day of high quality, low sulphur crude oil, but the six-month long conflict has reduced the flow to a trickle of just 50,000 b/d, according...
...The IEA now forecasts that total oil product demand in industrialised countries will fall this year by 230,000 barrels a day, a fall of 0.5 per cent, while growth in the developing world will be 1.5m b/d...
...The precious metal plunged 7.2 per cent to a low of $32.57 a troy ounce on Thursday, a fresh 2½-month low....
...b/d of 2004....
...Other precious metals gained, with silver up 2.1 per cent at $18.27 an ounce and palladium 2.8 per cent higher at $464.75 an ounce....
...Global demand in 2009 was revised up to 85.0m b/d, a fall of 1.4 per cent, or 1.2m b/d, compared with the previous year....
...As you would expect from a producer of precious metals, it has some rarity value: gold and silver miners are hardly ten-a-penny and here is a £2bn-plus example....
...China, driver of growth, is forecast to increase consumption a further 7-8 per cent this year to 9.2m b/d....
...Demand remained sluggish, just below the key 9m b/d mark averaging 8.99m b/d over the past four weeks, up 0.5 per cent over the same period last year....
...Demand weakened, sinking below the key 9m barrels-a-day level to average 8.92m b/d over the past four weeks, down 1 per cent compared with the same period a year ago....
...Global oil demand is expected to average 84.6m b/d in 2009, down 1.9 per cent on the previous year. In 2010, demand is expected to reach 86.1m b/d, up 1.7 per cent on this year....
...On Wednesday, Opec said global demand for oil would fall by 1.37m b/d this year, more than its previous forecast for a fall of 1.01m b/d....
International Edition