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...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....
...But rising crude prices following Russia’s invasion of Ukraine this year have buoyed oil producers....
...A version of this article was first published by Nikkei Asia on April 19. ©2022 Nikkei Inc. All rights reserved....
...Still, less than an hour after gathering at the White & Case office, virtually everyone had shed their masks, betting that their colleagues had already received a vaccine....
...Cenovus said, making it Canada’s third-largest oil and gas producer with an output of 750,000 barrels a day concentrated in the bitumen-rich oil sands of northern Alberta, the biggest single source of US crude...
...In recent weeks the PIF has snapped up stakes in beleaguered cruise line operator Carnival and European oil companies including Royal Dutch Shell and Total, whose shares have been hit by the collapse in crude...
...If the wider public likes to joke about estate agents in order to feel a bit superior, do property portals do the same?...
...The gathering political clouds in the US should also help to accentuate the rise of China’s tech leaders....
...“Screen scraping remains a fairly crude way of gathering data — and often requires you to divulge all your internet banking passwords....
...Crude oil prices were on the rebound in Asia after choppy trading on Thursday prompted by data from the US Energy Information Administration showing crude stockpiles had recorded their first weekly increase...
...“Recent weeks have seen the Vix index hit all-time lows, despite gathering signs of cracks appearing in the US edifice,” noted analysts at CrossBorder Capital....
...Mr Mueller-Glissmann sees little evidence for inflation gathering steam. “No one you talk to says they expect 10 per cent inflation in the next decade.”...
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...But these gains had been given up by yesterday as Brent crude slumped back towards $45 per barrel....
...After reaching their highest level for the year on Tuesday, crude prices declined as traders looked to a gathering of Opec and non-Opec ministers in Doha this weekend....
...“It’s a nascent phenomenon, but it is gathering pace,” says Mr Sinha....
...A Delaware court on Friday is scheduled to hear a motion by Quicksilver Resources, a producer in Chapter 11 bankruptcy protection, to reject gas gathering contracts with Crestwood Midstream Partners....
...Pricing reporting agency Platts has moved to protect the Brent benchmark from dwindling North Sea production at the start of International Petroleum Week in London, one of the industry’s biggest annual gatherings...
...Dyson, like Apple, has shown you can maintain a premium price for gadgets if they have superior functionality and design and are marketed well....
...Freeport paid $9bn for two oil and gas producers, McMoRan Exploration and Plains Exploration and Production, in 2013, when crude was trading at far loftier levels....
...US crude inventories were at their highest in at least 80 years, even if output is expected to slow soon....
...“China is too corrupt and local governments constantly deceive their superiors.”...
...“That means enhancing our ability to grow faster than the economy, price above inflation, make strategic investments and produce ever more efficient operations to continue delivering superior shareholder...
...Meanwhile, over at Google the driverless cars project is gathering momentum – albeit with a maximum speed of 25 miles an hour....
...Rival formats, such as hybrid and hydrogen fuel-cell options, are gathering momentum....
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