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EU countries are better placed than others to absorb the effects of a price shock
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...Some economists said prolonged high energy costs for consuming companies and households were likely to tip European economies into recession....
...If companies push ahead with investment based on standard forecasts to expand petrochemical operations, stranded assets may lie ahead....
...Other views Nick Butler — A Qatar-US partnership on gas makes sense Christof Ruhl — The war on plastic will dent oil demand more than anticipated Simon Mundy — Anil Ambani, India’s theatrical tycoon on...
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...Ms Rühl said Swiss banks had to open subsidiaries in London in order to provide investment banking and foreign exchange trading to the EU....
...Dennis Ruhl, head of JPMorgan Asset Management’s quantitative behavioural finance unit, said: “We absolutely need more computer scientists, but it’s a challenge as the financial industry has suffered an...
...The original logic of dual standards was that a poor country should have cheap public and commercial transport....
...Christof Rühl, BP’s highly respected chief economist, is leaving the company to become the first global head of research at Abu Dhabi Investment Authority....
...Mr Rühl was presenting BP’s latest annual statistical review, an oil industry bible which contains country-by-country data on oil and gas production, consumption and reserves....
...As Onno Ruhl, the World Bank’s country director, puts it: “India actually has an opportunity to conclude a free-trade agreement with itself.”...
...Mr Rühl describes the past few years as a period of “eerie quiet” in the oil market....
...After three years of what was described by Christof Rühl, former chief economist of BP, as an “eerie calm” in the oil market, volatility is back....
...The optimistic view, as expounded by Christof Rühl, former chief economist of BP, is that costs follow the price, and as crude falls, oil producers can drive down the prices they are charged by their suppliers...
...Unable to find commercial quantities of gas, Marathon Oil and Talisman Energy have joined ExxonMobil in pulling out of the country. Then there is the UK....
...“This was done on the River Rhine in Europe,” says Mr Ruhl. “It cost about €40bn to get to a sustainable outcome....
...“No other country outside the US and Canada has yet succeeded in combining these factors to support production growth,” Mr Rühl said....
...Motiva, which is now the largest refinery in the US by capacity, is jointly owned by Royal Dutch Shell and the Saudi national oil company, Saudi Aramco....
...The same Deepwater Horizon rig, also working for BP, a year ago drilled the deepest-ever commercial well to a depth of 35,055 feet – more than the height of Mount Everest....
...The off-Broadway transfer Next Fall has fierce partisans and could score an upset, but its inability to become a commercial hit dims its chances....
...However, Mr Medvedev told the Financial Times on Thursday that the basis of the company’s business in long-term oil-linked contracts “remains the same”....
...Christof Rühl, BP’s chief economist, said the collapse in oil prices last year had come as demand fell at its fastest rate since 1982, while Opec’s production rose following increases decided in the first...
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