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...But is that a systemic risk? I’d say probably not. One good read A carbon tax by other means....
...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....
...(the “Note”) on the earlier of (a) February 31, 2021, and (b) the date on which all amounts under this Note shall become due and payable pursuant to Section 5 (the “Payment Date”)....
...The figures top the 12.9mn b/d estimated in 2023 — itself a record, surpassing levels reached before the Covid-19 pandemic....
...As it is, the New York Times — one of the largest news publishers — is getting a mere $100mn over three years. Now, AI is poised to make even that asymmetric relationship look good....
...The US is hungrier for football than when Pelé played for the New York Cosmos in the 1970s....
...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 country pumped 13.3mn b/d of oil in November, the last month for which data is available from the Energy Information Administration, more than any country in history....
...At new wells in the Permian, average oil production per drilling rig has increased to 1,319 b/d. A decade ago the figure was about 183 b/d....
...“There’s clearly a hunger for new supply in high-yield,” said Andrzej Skiba, head of US fixed income at RBC Global Asset Management. Two sales this week signalled a shift....
...“I think if you were selling all of this as is there’d be a line of bidders around the block to actually buy all the content, all the bundling of Hulu,” Roberts told a Goldman Sachs conference in September...
...Good morning, and welcome back to Energy Source, coming to you from New York....
...Exxon forecasts oil production of 3.8mn oil-equivalent barrels a day in 2024, compared with 3.7mn b/d this year....
...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....
...Rystad, a research group, said Venezuelan production could increase by a maximum of 200,000 b/d six months after sanctions are eased....
...For a decade before Cheng acquired Rosewood, McBride ran The Carlyle in New York, one of the most recognised names in its original portfolio; numerous colleagues from his time as a senior director at Ritz-Carlton...
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...The Permian produces about 5.8mn barrels of oil a day, out of about 13mn b/d in total US oil production....
...BP and Equinor have scrapped a contract to sell electricity from a massive offshore wind project to New York state in a sign that high costs will continue to dog the sector this year....
...New York City, whose mayor Eric Adams has advocated a mainly meat-free diet, “has adopted a pioneering set of reforms, including making plant-based meals the default in public hospitals and two days per...
...Leon Black’s downfall A bankruptcy judge’s crash to earth The latest at OpenAI Apollo, Leon Black and the #MeToo era New York City cops must complete a special course before they join the section of...
...Their combined acreage will further drive the basin’s output to about 2mn b/d by 2027. All told, Exxon will have access to 16bn oil-equivalent barrels, with 15 to 20 years of remaining inventory....
...US oil production rocketed from about 5mn barrels a day in 2008 to 13mn b/d this year....
...It expects demand to increase by 880,000 barrels a day in 2024, compared with a 2.3mn b/d increase in 2023. Additional reporting by Jamie Smyth in New York...
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