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...China relies on Iran for about a tenth of its oil imports but processes the oil not through its state-owned oil and gas companies but through smaller, private, refineries....
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...While more oil could come on line this summer from Opec, which next meets to discuss quotas in June, Sen predicted that oil prices would have to rise further first....
...The former head of Shell, Ben van Beurden, told the Financial Times this month that the oil major was “massively undervalued” in London and could benefit from listing in the US....
...It said China’s oil demand had normalised, after a post-Covid spurt, and that a mild winter had moderated demand....
...Barrack also warned that, depending on what the cartel does, the oil market could experience “extraordinary” volatility....
...“The company has a very diversified shareholding base of 1,200 . . . compared to the previous generation,” he said....
...Amazon is one of the tech companies that has opted to make significant cuts to its workforce since 2023....
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...Harder still when you are a chip design company. Tesla can throw metal at car windows and Apple puts on slick videos....
...elaine.moore@ft.com...
...Some of that is down to the performance of about $6bn of equity investments in Chinese ride-hailing company DiDi, self-driving company Aurora and other companies....
...Not just to bundling up the services, but maybe bundling up the actual companies too. Marc FilippinoElaine Moore is the FT’s deputy Lex editor and a tech columnist. Thanks, Elaine....
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...Dear reader, Linking chief executive pay to company performance sounds eminently sensible. Why not align the interests of a company’s boss with its investors?...
...I’m reporter Ethan Wu here in New York, joined from London by Elaine “Moore’s Law” Moore. Elaine MooreHi. Ethan WuAnd from New York, Robert “Value This” Armstrong. Robert ArmstrongHola....
...More than a dozen global companies have diverted ships from the Red Sea shipping route since the Houthis’ attacks started. And on Tuesday, they launched their biggest ambush yet....
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...John Rockefeller ran an illegal oil monopoly. Cecil Rhodes was a racist and imperialist who established an entire British colony based on brutal exploitation....
...The World Bank warns that oil prices could reach $157 per barrel if it has an impact on the wider oil-producing region. Tipping over $150 would set a new record....
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