Hints and tips:
...Farhat Bengdara, chair of the Libyan National Oil Corporation since July, said he enjoyed support across the divided nation, which had allowed the Opec member to restore production to 1.2mn b/d....
...big enough to make a meaningful impact on Berkshire’s earnings, (b) possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...At full capacity, the refinery will process 650,000 b/d, which could transform the country into a net exporter of refined fuels....
...100,000 b/d or less than 10 per cent of capacity....
...“I’d imagine a lot of the multinationals and corporations that are thinking of investing in Panama are also thinking, ‘am I going to get caught up in this?’”...
...Yes, even Venezuela, which Platts believes is now producing almost 800,000 b/d....
...If you’re in the US and thinking of getting the latest Apple Watch, you’d better get your skates on....
...Alongside Continental Resources boss Harold Hamm, Hess transformed the state from producing fewer than 100,000 barrels of oil a day in the early 2000s to a peak of 1.5mn b/d in 2019....
...b/d and 600,000 b/d, according to one person at the dinner....
...Funds wise, I’d go for the Xtrackers Nikkei 225 UCITS ETF, which charges just nine basis points, or the L&G Japan Equity UCITS ETF....
...Amid a preponderance of rather uninspiring rock acts, US rappers were in short supply....
...Goldman Sachs forecasts a demand leap this year of 2.7mn b/d, pushing oil prices back above $100 a barrel....
...Conditioning enhanced R&D tax breaks on a domestic listing — as the report suggests, for example — is its own kind of protectionism....
...Russia said it would extend its existing 500,000 b/d cut until the end of the year....
...But still, any significant cuts above 1mn b/d would be a major blow to the White House just a month ahead of the midterm elections....
...Vitol, the world’s largest independent oil trader, estimates Russian exports could drop by as much as a 1mn b/d, around 20 per cent of the volume it ships by sea....
...Already this emergency supply buffer was now down to a “historically low” 2mn b/d, noted Morgan Stanley....
...“As a company, we’d always tried to minimise our impact by casting in reclaimed metals, using alternatives to chemicals, and minimising waste, so we thought that qualifying [as a B Corp] would be a cakewalk...
...Revenues rose more than threefold from $367.8mn to $1.15bn as production edged up to 133,700 barrels of oil equivalent per day from 125,700 b/d during the same period a year earlier as a result of new projects...
...Libya produces 1.3mn barrels per day and the closures have taken out more than 550,000 b/d of its output this week, equivalent to about 0.5 per cent of global oil supply....
...The oil producer group and allied countries on Thursday said they would aim to increase output by 432,000 b/d in May, continuing with a monthly plan agreed last year to only gradually replace volumes cut...
...We appear to have an unenviable cocktail of factors: a) the adverse effects of Brexit on labour supply, prices and trade; b) the rise in inactivity amongst the over-50s, perhaps worsened by NHS waiting lists...
...Its total oil and gas output was the equivalent of 175,000 barrels of oil a day in 2021, mostly from the UK, and this is expected to grow to average more than 200,000 b/d this year....
...In its first forecast for 2023, oil producers’ group said demand would rise by 2.7mn barrels a day to 103mn b/d, fuelled by increased activity, particularly in India and China....
...Under the current plan, Opec+ will add 400,000 b/d every month until the end of 2022, restoring oil supply removed last year after the US cajoled Saudi Arabia and Russia to make record deep cuts to prop...
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