Hints and tips:
...The IEA now predicts that oil demand will increase by 1.2mn barrels per day (b/d) this year, a 130,000 b/d reduction on its previous monthly forecast....
...Now the US produces almost 20mn b/d of petroleum, roughly on par with consumption. Imports from the Gulf have plummeted, and the US became a net oil exporter for the first time in 2019....
...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....
...cut by 211,000 b/d and 135,000 b/d respectively....
...“They’d follow me from my home, from when I went out in the morning . . . all the way to where I work, and take videos of me entering the building,” he said....
...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....
...of a libertarian/conservative flavour, and that (b) McKinsey is a consultancy with a strong incentive to say what its corporate clients want to hear....
...As an act of generosity, it was surprising (some journalists were even sitting on his bed); it also reinforced the idea, nurtured by Azzedine, that the house of Alaïa is, in the truest sense, a “house”....
...Its output has been reduced from about 10.5mn b/d in April to about 9mn b/d, through a combination of Opec+ mandated production targets and its voluntary cuts....
...: crisp-fried cubes of tapioca, and croquettes made with a cured shredded fish known as piraquí....
...Crypto craziness Kobus Steyn thought he’d found a whale of a client. Then his assignment turned from make-work to murder, the FT reports....
...In a dream world, is there a genre that you would want Beyoncé to put her energy next? Is there like a place you’d love the Beyoncé version of, you know, heavy metal or I don’t know....
...The reduction will lower Saudi Arabia’s output to 9mn b/d in July, and comes in addition to a voluntary 500,000 b/d cut announced by the kingdom in April, when its output was around 10.5mn b/d....
...and top energy official Alexander Novak said Moscow would also make a “voluntary” supply cut of an additional 500,000 b/d next month....
...You would think it was part of a script from a budget B-movie if it wasn’t so true”....
..., when Opec+ last announced a formal production cut of 2mn b/d....
...In Europe, falling house prices are hurting. One of the casualties is Swedish property company SBB, which borrowed heavily during a local boom. Fitch downgraded the company to B- this week....
...In 1983, he founded Aristotle Inc, a technology consultancy that sold voter data to political campaigns....
...It peaked in 2022 with 599 shows — meaning you’d have to watch 1.6 series a day to see all of them....
...US oil output sits at about 12mn barrels a day, according to the Energy Information Administration, well below the 13mn b/d record high hit in 2019. Growth next year is set to be about 500,000 b/d....
...The announcement follows the decision in October by Opec+ to cut production by 2mn b/d, a move the US likened to siding with Russia and its invasion of Ukraine....
...Continental Resources, which shale pioneer Harold Hamm took private last year, is the US’s biggest private oil producer, pumping 280,000 b/d. It’s also a natural gas powerhouse....
...“And anyway, that’s the story of how I bought my first house.”...
...Instead of 2mn b/d removed from the market the total is closer to 1mn b/d, say analysts — still substantial, but not enough to flush out the oil bears....
...Goldman Sachs forecasts a demand leap this year of 2.7mn b/d, pushing oil prices back above $100 a barrel....
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