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...Manufacturing’s decline has weighed on growth in the past year, but only a little. At its worst, industrial production fell just 2 per cent in the fourth quarter....
...Skydance, a production company founded and run by David Ellison, is in negotiations with media mogul Shari Redstone to acquire National Amusements (NAI), a privately held cinema company that controls 77...
...The decline was because of “weak market demand and production cuts in energy-intensive industries”, according to Goldman Sachs economists....
...We look around the world at economies in North America and Asia and notice that countries with lower taxes generally have higher growth. Economists argue about cause and correlation....
...north of $1bn on project R&D over the following year....
...But it has begun to slide in some once-prolific regions such as the Bakken shale of North Dakota, where new oil production per rig rose from a little over 100 b/d in 2007 to more than 2,700 b/d in 2020,...
...Without noticing, Hollywood had become a tech business. The Writers Guild of America and the Screen Actors Guild aren’t usually the people you’d turn to when barbarians are at the gate....
...US oil production, which soared by almost 2mn barrels a day at the height of the shale revolution between 2018 and 2019, is set to grow by just 200,000 b/d over the next 12 months — with practically all...
...But consider that between now and the end of the year, the US’s Energy Information Administration expects the country’s output to rise by less than 100,000 b/d — a fraction of the supply growth rate of the...
...better time for clean energy in America”....
...The UK should lean into being the best place to benefit from business services, higher education, cultural exports and some forms of R&D....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2022....
...For top-level macro market stuff and stock analysis I’d recommend Stephen Clapham and his BehindTheBalanceSheet site, while if you are into the energy sector Doomberg is good reading....
...It’s not something that can be A-B tested,” says David Millstone, co-chief executive of Standard Industries, a private industrial conglomerate....
...North America, on September 28-29....
...The actual fall in output from the Opec+ group’s lowered target is likely to be closer to 1mn b/d, rather than the headline of 2mn b/d, as many of its weaker members have struggled to hit production targets...
...It’s a shame it needs the prospect of a big slowdown to prove it — I’d rather have growth with snarled-up ports than a recession with plain sailing — but that’s the way things are.As well as this newsletter...
...Suncor produced 743,000 barrels of oil a day last year, about 15 per cent of the 4.7mn b/d produced in Canada, which is by far the US’s biggest source of foreign oil....
...“If you buy Côte d’Ivoire or Senegal paper, because we don’t have these secondary market repo facilities, you open a drawer and put it there.”...
...That is still well below the record high of around 13mn b/d struck in 2019 before the pandemic....
...80mn b/d by 2050....
...Ali said Guyana’s oil production could exceed 1mn b/d in three years, increasing revenue for the government of almost $4bn this year to $10bn a year from 2025....
...It is a stance that hews closer to that of the International Energy Agency, which has said global oil consumption must drop 75 per cent, to just 24mn b/d a day, if the world is to hit its climate goals....
...at a checkpoint at the north-west entrance of Bakhmut....
...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....
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